MSST vs. YMAX
MSST (YieldMax MSTR Performance & Distribution Target 25 ETF) and YMAX (YieldMax Universe Fund of Option Income ETFs) are both Derivative Income funds from YieldMax. Both are actively managed. Their 0.63 correlation means they have sometimes moved together and sometimes differently. MSST charges 0.99%/yr vs 1.33%/yr for YMAX.
Performance
MSST vs. YMAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MSST achieves a -35.27% return, which is significantly lower than YMAX's 0.68% return.
MSST
- 1D
- 2.21%
- 1M
- -2.15%
- 6M
- -31.56%
- YTD
- -35.27%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
YMAX
- 1D
- 1.76%
- 1M
- -1.93%
- 6M
- 5.27%
- YTD
- 0.68%
- 1Y
- -2.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $41.31K | $30.03K | $53.26K | |
| $9.31M | $11.31M | $14.54M |
MSST vs. YMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSST YieldMax MSTR Performance & Distribution Target 25 ETF | -35.27% | -24.58% |
YMAX YieldMax Universe Fund of Option Income ETFs | 0.68% | 0.34% |
Correlation
The correlation between MSST and YMAX is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025 | 0.63 |
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. YMAX — Risk / Return Rank
MSST
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
YMAX
MSST vs. YMAX - 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 Universe Fund of Option Income ETFs (YMAX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MSST | YMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.00 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.09 | — |
| Martin ratioReturn relative to average drawdown | — | -0.20 | — |
Loading charts...
Drawdowns
MSST vs. YMAX - Drawdown Comparison
The maximum MSST drawdown since its inception was -58.68%, which is greater than YMAX's maximum drawdown of -26.13%. Use the drawdown chart below to compare losses from any high point for MSST and YMAX.
Loading charts...
Drawdown Indicators
| MSST | YMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.68% | -26.13% | -32.55% |
Max Drawdown (1Y)Largest decline over 1 year | — | -26.13% | — |
Current DrawdownCurrent decline from peak | -51.18% | -10.75% | -40.43% |
Average DrawdownAverage peak-to-trough decline | -28.63% | -6.57% | -22.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 11.72% | — |
Volatility
MSST vs. YMAX - Volatility Comparison
Loading charts...
Volatility by Period
| MSST | YMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.62% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 20.20% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 72.81% | 24.15% | +48.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.81% | 23.51% | +49.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.81% | 23.51% | +49.30% |
MSST vs. YMAX - Expense Ratio Comparison
MSST has a 0.99% expense ratio, which is lower than YMAX's 1.33% expense ratio.
Dividends
MSST vs. YMAX - Dividend Comparison
MSST's dividend yield for the trailing twelve months is around 26.98%, less than YMAX's 71.74% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MSST YieldMax MSTR Performance & Distribution Target 25 ETF | 26.98% | 2.71% | 0.00% |
YMAX YieldMax Universe Fund of Option Income ETFs | 71.74% | 78.70% | 44.20% |
Frequently Asked Questions
MSST and YMAX 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 1.33% for YMAX.
YMAX has the higher dividend yield at 71.74%, compared with 26.98% for MSST.
Their fees differ too: 0.99% for MSST and 1.33% for YMAX.
Find the right allocation for MSST and YMAX
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