MSTRX vs. MSTY
MSTRX (Morningstar Total Return Bond Fund) and MSTY (YieldMax™ MSTR Option Income Strategy ETF) are both funds - MSTRX is a Intermediate Core Bond fund managed by Morningstar, while MSTY is a Derivative Income fund actively managed by YieldMax. Over the past year, MSTRX returned 0.60% vs -68.04% for MSTY. Their 0.06 correlation means their historical movements had little consistent relationship. MSTRX charges 0.55%/yr vs 0.99%/yr for MSTY.
Performance
MSTRX vs. MSTY - Performance Comparison
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Returns By Period
In the year-to-date period, MSTRX achieves a -1.61% return, which is significantly higher than MSTY's -32.53% return.
MSTRX
- 1D
- -0.69%
- 1M
- -1.48%
- 6M
- -1.50%
- YTD
- -1.61%
- 1Y
- 0.60%
- 3Y*
- 2.88%
- 5Y*
- -1.50%
- 10Y*
- —
- ALL TIME*
- 1.60%
MSTY
- 1D
- 1.13%
- 1M
- -1.52%
- 6M
- -27.05%
- YTD
- -32.53%
- 1Y
- -68.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $12.83M | $13.14M | $28.03M |
MSTRX vs. MSTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MSTRX Morningstar Total Return Bond Fund | -1.61% | 4.87% | 3.93% |
MSTY YieldMax™ MSTR Option Income Strategy ETF | -32.53% | -42.71% | 212.16% |
Correlation
The correlation between MSTRX and MSTY is 0.10, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2024 | 0.06 |
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Return for Risk
MSTRX vs. MSTY — Risk / Return Rank
MSTRX
MSTY
MSTRX vs. MSTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morningstar Total Return Bond Fund (MSTRX) and YieldMax™ MSTR Option Income Strategy ETF (MSTY). 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.
| MSTRX | MSTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.79 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.24 | -0.91 | +1.15 |
| Martin ratioReturn relative to average drawdown | 0.53 | -1.34 | +1.87 |
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Drawdowns
MSTRX vs. MSTY - Drawdown Comparison
The maximum MSTRX drawdown since its inception was -20.97%, smaller than the maximum MSTY drawdown of -77.40%. Use the drawdown chart below to compare losses from any high point for MSTRX and MSTY.
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Drawdown Indicators
| MSTRX | MSTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.97% | -77.40% | +56.43% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -74.91% | +71.85% |
Max Drawdown (3Y)Largest decline over 3 years | -5.57% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.77% | — | — |
Current DrawdownCurrent decline from peak | -7.87% | -73.47% | +65.60% |
Average DrawdownAverage peak-to-trough decline | -7.10% | -29.12% | +22.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 50.95% | -49.70% |
Volatility
MSTRX vs. MSTY - Volatility Comparison
The current volatility for Morningstar Total Return Bond Fund (MSTRX) is 1.15%, while YieldMax™ MSTR Option Income Strategy ETF (MSTY) has a volatility of 13.25%. This indicates that MSTRX experiences smaller price fluctuations and is considered to be less risky than MSTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTRX | MSTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 13.25% | -12.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 52.14% | -49.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.10% | 64.93% | -60.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.26% | 71.85% | -65.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.63% | 71.85% | -66.22% |
MSTRX vs. MSTY - Expense Ratio Comparison
MSTRX has a 0.55% expense ratio, which is lower than MSTY's 0.99% expense ratio.
Dividends
MSTRX vs. MSTY - Dividend Comparison
MSTRX's dividend yield for the trailing twelve months is around 2.49%, less than MSTY's 248.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
MSTRX Morningstar Total Return Bond Fund | 2.49% | 2.60% | 4.02% | 3.42% | 2.50% | 2.13% | 4.93% | 5.23% | 0.29% |
MSTY YieldMax™ MSTR Option Income Strategy ETF | 248.73% | 294.61% | 104.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MSTRX and MSTY have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTY has higher volatility (13.25%) compared to MSTRX (1.15%). In terms of maximum drawdown, MSTRX dropped -20.97% vs MSTY's -77.40%.
MSTRX currently has the higher Sharpe Ratio (0.18 vs -1.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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