MSST vs. WEEL
MSST (YieldMax MSTR Performance & Distribution Target 25 ETF) and WEEL (Peerless Option Income Wheel ETF) are both Derivative Income funds. Both are actively managed. A 0.52 correlation means they provide meaningful diversification when combined. Both charge a 0.99% expense ratio.
Performance
MSST vs. WEEL - 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 WEEL's 4.03% return.
MSST
- 1D
- -7.10%
- 1M
- -34.34%
- YTD
- -20.98%
- 6M
- -31.73%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WEEL
- 1D
- -1.57%
- 1M
- -0.92%
- YTD
- 4.03%
- 6M
- 4.08%
- 1Y
- 19.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSST vs. WEEL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSST YieldMax MSTR Performance & Distribution Target 25 ETF | -20.98% | -22.94% |
WEEL Peerless Option Income Wheel ETF | 4.03% | 3.67% |
Correlation
The correlation between MSST and WEEL is 0.52, 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 | 0.52 |
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Return for Risk
MSST vs. WEEL — Risk / Return Rank
MSST
WEEL
MSST vs. WEEL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax MSTR Performance & Distribution Target 25 ETF (MSST) and Peerless Option Income Wheel ETF (WEEL). 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 | WEEL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.83 | 0.95 | -1.78 |
Drawdowns
MSST vs. WEEL - Drawdown Comparison
The maximum MSST drawdown since its inception was -44.05%, which is greater than WEEL's maximum drawdown of -17.45%. Use the drawdown chart below to compare losses from any high point for MSST and WEEL.
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Drawdown Indicators
| MSST | WEEL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.05% | -17.45% | -26.60% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.60% | — |
Current DrawdownCurrent decline from peak | -39.11% | -1.57% | -37.54% |
Average DrawdownAverage peak-to-trough decline | -21.28% | -1.45% | -19.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.95% | — |
Volatility
MSST vs. WEEL - Volatility Comparison
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Volatility by Period
| MSST | WEEL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.44% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.06% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 72.68% | 8.15% | +64.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.68% | 12.86% | +59.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.68% | 12.86% | +59.82% |
MSST vs. WEEL - Expense Ratio Comparison
Both MSST and WEEL have an expense ratio of 0.99%.
Dividends
MSST vs. WEEL - Dividend Comparison
MSST's dividend yield for the trailing twelve months is around 17.99%, more than WEEL's 12.60% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MSST YieldMax MSTR Performance & Distribution Target 25 ETF | 17.99% | 2.71% | 0.00% |
WEEL Peerless Option Income Wheel ETF | 12.60% | 12.72% | 6.88% |
Frequently Asked Questions
MSST and WEEL have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
MSST and WEEL have the same expense ratio: 0.99% per year.
MSST has the higher dividend yield at 17.99%, compared with 12.60% for WEEL.
They also come from different issuers: YieldMax and Peerless ETFs.
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