MSST vs. PEPS
MSST (YieldMax MSTR Performance & Distribution Target 25 ETF) and PEPS (Parametric Equity Plus ETF) are both Derivative Income funds. Both are actively managed. At a 0.46 correlation, their price movements are largely independent. MSST charges 0.99%/yr vs 0.10%/yr for PEPS.
Performance
MSST vs. PEPS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MSST achieves a -20.98% return, which is significantly lower than PEPS's 7.73% return.
MSST
- 1D
- -7.10%
- 1M
- -34.34%
- YTD
- -20.98%
- 6M
- -31.73%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PEPS
- 1D
- -3.03%
- 1M
- 1.48%
- YTD
- 7.73%
- 6M
- 7.55%
- 1Y
- 28.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSST vs. PEPS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSST YieldMax MSTR Performance & Distribution Target 25 ETF | -20.98% | -22.94% |
PEPS Parametric Equity Plus ETF | 7.73% | 3.87% |
Correlation
The correlation between MSST and PEPS is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025 | 0.46 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MSST vs. PEPS — Risk / Return Rank
MSST
PEPS
MSST vs. PEPS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax MSTR Performance & Distribution Target 25 ETF (MSST) and Parametric Equity Plus ETF (PEPS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
Loading charts...
Sharpe Ratios by Period
| MSST | PEPS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.83 | 0.93 | -1.76 |
Drawdowns
MSST vs. PEPS - Drawdown Comparison
The maximum MSST drawdown since its inception was -44.05%, which is greater than PEPS's maximum drawdown of -21.26%. Use the drawdown chart below to compare losses from any high point for MSST and PEPS.
Loading charts...
Drawdown Indicators
| MSST | PEPS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.05% | -21.26% | -22.79% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.80% | — |
Current DrawdownCurrent decline from peak | -39.11% | -3.15% | -35.96% |
Average DrawdownAverage peak-to-trough decline | -21.28% | -2.77% | -18.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.10% | — |
Volatility
MSST vs. PEPS - Volatility Comparison
Loading charts...
Volatility by Period
| MSST | PEPS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.16% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.33% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 72.68% | 13.43% | +59.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.68% | 18.43% | +54.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.68% | 18.43% | +54.25% |
MSST vs. PEPS - Expense Ratio Comparison
MSST has a 0.99% expense ratio, which is higher than PEPS's 0.10% expense ratio.
Dividends
MSST vs. PEPS - Dividend Comparison
MSST's dividend yield for the trailing twelve months is around 17.99%, more than PEPS's 0.91% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MSST YieldMax MSTR Performance & Distribution Target 25 ETF | 17.99% | 2.71% | 0.00% |
PEPS Parametric Equity Plus ETF | 0.91% | 1.00% | 0.17% |
Frequently Asked Questions
MSST and PEPS have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PEPS is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PEPS is cheaper with a 0.10% expense ratio, compared with 0.99% for MSST.
MSST has the higher dividend yield at 17.99%, compared with 0.91% for PEPS.
They also come from different issuers: YieldMax and Parametric. Their fees differ too: 0.99% for MSST and 0.10% for PEPS.
Find the right allocation for MSST and PEPS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer