MSST vs. ULTY
MSST (YieldMax MSTR Performance & Distribution Target 25 ETF) and ULTY (YieldMax Ultra Option Income Strategy ETF) are both Derivative Income funds from YieldMax. Both are actively managed. A 0.63 correlation means they provide meaningful diversification when combined. MSST charges 0.99%/yr vs 1.14%/yr for ULTY.
Performance
MSST vs. ULTY - 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 ULTY's 6.39% return.
MSST
- 1D
- -7.10%
- 1M
- -34.34%
- YTD
- -20.98%
- 6M
- -31.73%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ULTY
- 1D
- -5.03%
- 1M
- -1.84%
- YTD
- 6.39%
- 6M
- 4.84%
- 1Y
- 5.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSST vs. ULTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSST YieldMax MSTR Performance & Distribution Target 25 ETF | -20.98% | -22.94% |
ULTY YieldMax Ultra Option Income Strategy ETF | 6.39% | 0.81% |
Correlation
The correlation between MSST and ULTY is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025 | 0.63 |
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Return for Risk
MSST vs. ULTY — Risk / Return Rank
MSST
ULTY
MSST vs. ULTY - 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 Ultra Option Income Strategy ETF (ULTY). 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 | ULTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.26 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.83 | 0.10 | -0.93 |
Drawdowns
MSST vs. ULTY - Drawdown Comparison
The maximum MSST drawdown since its inception was -44.05%, which is greater than ULTY's maximum drawdown of -26.85%. Use the drawdown chart below to compare losses from any high point for MSST and ULTY.
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Drawdown Indicators
| MSST | ULTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.05% | -26.85% | -17.20% |
Max Drawdown (1Y)Largest decline over 1 year | — | -24.16% | — |
Current DrawdownCurrent decline from peak | -39.11% | -12.77% | -26.34% |
Average DrawdownAverage peak-to-trough decline | -21.28% | -9.37% | -11.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 12.35% | — |
Volatility
MSST vs. ULTY - Volatility Comparison
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Volatility by Period
| MSST | ULTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.91% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.87% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 72.68% | 21.37% | +51.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.68% | 27.09% | +45.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.68% | 27.09% | +45.59% |
MSST vs. ULTY - Expense Ratio Comparison
MSST has a 0.99% expense ratio, which is lower than ULTY's 1.14% expense ratio.
Dividends
MSST vs. ULTY - Dividend Comparison
MSST's dividend yield for the trailing twelve months is around 17.99%, less than ULTY's 116.62% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MSST YieldMax MSTR Performance & Distribution Target 25 ETF | 17.99% | 2.71% | 0.00% |
ULTY YieldMax Ultra Option Income Strategy ETF | 116.62% | 142.99% | 111.70% |
Frequently Asked Questions
MSST and ULTY have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
MSST is cheaper with a 0.99% expense ratio, compared with 1.14% for ULTY.
ULTY has the higher dividend yield at 116.62%, compared with 17.99% for MSST.
Their fees differ too: 0.99% for MSST and 1.14% for ULTY.
Find the right allocation for MSST and ULTY
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