MSTK vs. CWII

Last updated Jun 23, 2026

MSTK (Tuttle Capital MSTR 0DTE Covered Call ETF) and CWII (REX CRWV Growth & Income ETF) are both Derivative Income funds. Both are actively managed. At a 0.36 correlation, their price movements are largely independent. MSTK charges 0.99%/yr vs 1.03%/yr for CWII.

Performance

MSTK vs. CWII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tuttle Capital MSTR 0DTE Covered Call ETF (MSTK) and REX CRWV Growth & Income ETF (CWII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MSTK

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CWII

• 1D: 0.00%
• 1M: 10,273.16%
• YTD: 13,199.78%
• 6M: 11,535.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSTK vs. CWII - Yearly Performance Comparison

	2026 (YTD)	2025
MSTK Tuttle Capital MSTR 0DTE Covered Call ETF	-20.94%	-43.89%
CWII REX CRWV Growth & Income ETF	13,199.78%	-45.06%

Correlation

The correlation between MSTK and CWII is 0.36, 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 4, 2025	0.36

Return for Risk

MSTK vs. CWII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tuttle Capital MSTR 0DTE Covered Call ETF (MSTK) and REX CRWV Growth & Income ETF (CWII). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

Drawdown Indicators

	MSTK	CWII	Difference
Max Drawdown Largest peak-to-trough decline	—	-51.04%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-33.26%	—

Volatility

Volatility by Period

	MSTK	CWII	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	13,701.30%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	13,701.30%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	13,701.30%	—

MSTK vs. CWII - Expense Ratio Comparison

MSTK has a 0.99% expense ratio, which is lower than CWII's 1.03% expense ratio.

Dividends

MSTK vs. CWII - Dividend Comparison

MSTK's dividend yield for the trailing twelve months is around 49.03%, less than CWII's 123.26% yield.

Position	TTM	2025
CWII REX CRWV Growth & Income ETF	123.26%	6.09%
MSTK Tuttle Capital MSTR 0DTE Covered Call ETF	49.03%	26.75%

Frequently Asked Questions

Can I hold both MSTK and CWII in my portfolio?

MSTK and CWII have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSTK or CWII?

On fees, MSTK 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, MSTK or CWII?

MSTK is cheaper with a 0.99% expense ratio, compared with 1.03% for CWII.

Which ETF pays a higher dividend yield, MSTK or CWII?

CWII has the higher dividend yield at 123.26%, compared with 49.03% for MSTK.

What is the main difference between MSTK and CWII?

They also come from different issuers: Tuttle Capital Management and REX Shares. Their fees differ too: 0.99% for MSTK and 1.03% for CWII.