MSST vs. TSLY

Last updated Jun 6, 2026

MSST (YieldMax MSTR Performance & Distribution Target 25 ETF) and TSLY (YieldMax TSLA Option Income Strategy ETF) are both exchange-traded funds - MSST is a Derivative Income fund actively managed by YieldMax, while TSLY is a Options Trading fund actively managed by YieldMax. Both are actively managed. At a 0.44 correlation, their price movements are largely independent. MSST charges 0.99%/yr vs 1.07%/yr for TSLY.

Performance

MSST vs. TSLY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax MSTR Performance & Distribution Target 25 ETF (MSST) and YieldMax TSLA Option Income Strategy ETF (TSLY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSST achieves a -20.98% return, which is significantly lower than TSLY's -8.62% return.

MSST

• 1D: -7.10%
• 1M: -34.34%
• YTD: -20.98%
• 6M: -31.73%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSLY

• 1D: -6.08%
• 1M: -3.22%
• YTD: -8.62%
• 6M: -9.22%
• 1Y: 39.20%
• 3Y*: 11.45%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MSST vs. TSLY - Yearly Performance Comparison

	2026 (YTD)	2025
MSST YieldMax MSTR Performance & Distribution Target 25 ETF	-20.98%	-22.94%
TSLY YieldMax TSLA Option Income Strategy ETF	-8.62%	9.01%

Correlation

The correlation between MSST and TSLY is 0.44, 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	0.44

Return for Risk

MSST vs. TSLY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TSLY

TSLY Risk / Return Rank: 32
TSLY Sharpe Ratio Rank: 31
TSLY Sortino Ratio Rank: 30
TSLY Omega Ratio Rank: 29
TSLY Calmar Ratio Rank: 38
TSLY Martin Ratio Rank: 31

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MSST vs. TSLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax MSTR Performance & Distribution Target 25 ETF (MSST) and YieldMax TSLA Option Income Strategy ETF (TSLY). 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.

Sharpe Ratios by Period

	MSST	TSLY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.83	0.25	-1.08

Drawdowns

MSST vs. TSLY - Drawdown Comparison

The maximum MSST drawdown since its inception was -44.05%, smaller than the maximum TSLY drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for MSST and TSLY.

Drawdown Indicators

	MSST	TSLY	Difference
Max Drawdown Largest peak-to-trough decline	-44.05%	-49.52%	+5.47%
Max Drawdown (1Y) Largest decline over 1 year	—	-21.64%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-49.52%	—
Current Drawdown Current decline from peak	-39.11%	-14.56%	-24.55%
Average Drawdown Average peak-to-trough decline	-21.28%	-19.98%	-1.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.90%	—

Volatility

Volatility by Period

	MSST	TSLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.78%	—
Volatility (6M) Calculated over the trailing 6-month period	—	23.12%	—
Volatility (1Y) Calculated over the trailing 1-year period	72.68%	38.55%	+34.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.68%	45.58%	+27.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.68%	45.58%	+27.10%

MSST vs. TSLY - Expense Ratio Comparison

MSST has a 0.99% expense ratio, which is lower than TSLY's 1.07% expense ratio.

Dividends

MSST vs. TSLY - Dividend Comparison

MSST's dividend yield for the trailing twelve months is around 17.99%, less than TSLY's 92.50% yield.

Position	TTM	2025	2024	2023
MSST YieldMax MSTR Performance & Distribution Target 25 ETF	17.99%	2.71%	0.00%	0.00%
TSLY YieldMax TSLA Option Income Strategy ETF	92.50%	91.19%	82.30%	76.47%

Frequently Asked Questions

Can I hold both MSST and TSLY in my portfolio?

MSST and TSLY have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSST or TSLY?

On fees, MSST is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MSST or TSLY?

MSST is cheaper with a 0.99% expense ratio, compared with 1.07% for TSLY.

Which ETF pays a higher dividend yield, MSST or TSLY?

TSLY has the higher dividend yield at 92.50%, compared with 17.99% for MSST.

What is the main difference between MSST and TSLY?

MSST is categorized as Derivative Income, while TSLY is Options Trading. Their fees differ too: 0.99% for MSST and 1.07% for TSLY.