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. A 0.69 correlation means they provide meaningful diversification when combined. MSST charges 0.99%/yr vs 1.28%/yr for YMAX.
Performance
MSST vs. YMAX - 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 YMAX's 0.32% return.
MSST
- 1D
- -7.10%
- 1M
- -34.34%
- YTD
- -20.98%
- 6M
- -31.73%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YMAX
- 1D
- -5.63%
- 1M
- -2.20%
- YTD
- 0.32%
- 6M
- -2.41%
- 1Y
- 4.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSST vs. YMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSST YieldMax MSTR Performance & Distribution Target 25 ETF | -20.98% | -22.94% |
YMAX YieldMax Universe Fund of Option Income ETFs | 0.32% | 0.53% |
Correlation
The correlation between MSST and YMAX is 0.69, 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 | 0.69 |
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Return for Risk
MSST vs. YMAX — Risk / Return Rank
MSST
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.
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 | YMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.21 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.83 | 0.57 | -1.40 |
Drawdowns
MSST vs. YMAX - Drawdown Comparison
The maximum MSST drawdown since its inception was -44.05%, 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.
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Drawdown Indicators
| MSST | YMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.05% | -26.13% | -17.92% |
Max Drawdown (1Y)Largest decline over 1 year | — | -26.13% | — |
Current DrawdownCurrent decline from peak | -39.11% | -11.06% | -28.05% |
Average DrawdownAverage peak-to-trough decline | -21.28% | -6.34% | -14.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 11.02% | — |
Volatility
MSST vs. YMAX - Volatility Comparison
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Volatility by Period
| MSST | YMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.24% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 18.03% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 72.68% | 22.33% | +50.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.68% | 23.23% | +49.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.68% | 23.23% | +49.45% |
MSST vs. YMAX - Expense Ratio Comparison
MSST has a 0.99% expense ratio, which is lower than YMAX's 1.28% expense ratio.
Dividends
MSST vs. YMAX - Dividend Comparison
MSST's dividend yield for the trailing twelve months is around 17.99%, less than YMAX's 74.98% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MSST YieldMax MSTR Performance & Distribution Target 25 ETF | 17.99% | 2.71% | 0.00% |
YMAX YieldMax Universe Fund of Option Income ETFs | 74.98% | 78.70% | 44.20% |
Frequently Asked Questions
MSST and YMAX have a correlation of 0.69, 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 1.28% for YMAX.
YMAX has the higher dividend yield at 74.98%, compared with 17.99% for MSST.
Their fees differ too: 0.99% for MSST and 1.28% for YMAX.
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