MSST vs. SPIN
MSST (YieldMax MSTR Performance & Distribution Target 25 ETF) and SPIN (State Street US Equity Premium Income ETF) are both Derivative Income funds. Both are actively managed. At a 0.41 correlation, their price movements are largely independent. MSST charges 0.99%/yr vs 0.25%/yr for SPIN.
Performance
MSST vs. SPIN - Performance Comparison
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Returns By Period
In the year-to-date period, MSST achieves a -20.98% return, which is significantly lower than SPIN's 0.85% return.
MSST
- 1D
- -7.10%
- 1M
- -34.34%
- YTD
- -20.98%
- 6M
- -31.73%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPIN
- 1D
- -2.25%
- 1M
- -0.63%
- YTD
- 0.85%
- 6M
- 1.11%
- 1Y
- 16.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSST vs. SPIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSST YieldMax MSTR Performance & Distribution Target 25 ETF | -20.98% | -22.94% |
SPIN State Street US Equity Premium Income ETF | 0.85% | 3.59% |
Correlation
The correlation between MSST and SPIN is 0.41, 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 | 0.41 |
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Return for Risk
MSST vs. SPIN — Risk / Return Rank
MSST
SPIN
MSST vs. SPIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax MSTR Performance & Distribution Target 25 ETF (MSST) and State Street US Equity Premium Income ETF (SPIN). 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.
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Sharpe Ratios by Period
| MSST | SPIN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.83 | 0.85 | -1.68 |
Drawdowns
MSST vs. SPIN - Drawdown Comparison
The maximum MSST drawdown since its inception was -44.05%, which is greater than SPIN's maximum drawdown of -16.85%. Use the drawdown chart below to compare losses from any high point for MSST and SPIN.
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Drawdown Indicators
| MSST | SPIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.05% | -16.85% | -27.20% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.81% | — |
Current DrawdownCurrent decline from peak | -39.11% | -2.39% | -36.72% |
Average DrawdownAverage peak-to-trough decline | -21.28% | -2.29% | -18.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.35% | — |
Volatility
MSST vs. SPIN - Volatility Comparison
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Volatility by Period
| MSST | SPIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.90% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.35% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 72.68% | 10.74% | +61.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.68% | 14.40% | +58.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.68% | 14.40% | +58.28% |
MSST vs. SPIN - Expense Ratio Comparison
MSST has a 0.99% expense ratio, which is higher than SPIN's 0.25% expense ratio.
Dividends
MSST vs. SPIN - Dividend Comparison
MSST's dividend yield for the trailing twelve months is around 17.99%, more than SPIN's 5.76% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MSST YieldMax MSTR Performance & Distribution Target 25 ETF | 17.99% | 2.71% | 0.00% |
SPIN State Street US Equity Premium Income ETF | 5.76% | 8.20% | 2.36% |
Frequently Asked Questions
MSST and SPIN have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPIN is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPIN is cheaper with a 0.25% expense ratio, compared with 0.99% for MSST.
MSST has the higher dividend yield at 17.99%, compared with 5.76% for SPIN.
They also come from different issuers: YieldMax and State Street. Their fees differ too: 0.99% for MSST and 0.25% for SPIN.
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