MSTW vs. BTGD
MSTW (Roundhill MSTR WeeklyPay™ ETF) and BTGD (STKd 100% Bitcoin & 100% Gold ETF) are both exchange-traded funds - MSTW is a Derivative Income fund actively managed by Roundhill, while BTGD is a Cryptocurrency fund actively managed by Quantify Funds. Both are actively managed. Over the past year, MSTW returned -83.12% vs -43.79% for BTGD. Their 0.74 correlation means they have sometimes moved together and sometimes differently. MSTW charges 0.99%/yr vs 1.05%/yr for BTGD.
Performance
MSTW vs. BTGD - Performance Comparison
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Returns By Period
In the year-to-date period, MSTW achieves a -49.11% return, which is significantly lower than BTGD's -40.08% return.
MSTW
- 1D
- -5.03%
- 1M
- -9.33%
- 6M
- -47.69%
- YTD
- -49.11%
- 1Y
- -83.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -84.93%
BTGD
- 1D
- -4.20%
- 1M
- -0.71%
- 6M
- -43.67%
- YTD
- -40.08%
- 1Y
- -43.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $365.15K | $356.50K | $1.03M | |
| $1.36M | $1.35M | $3.08M |
MSTW vs. BTGD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSTW Roundhill MSTR WeeklyPay™ ETF | -49.11% | -71.40% |
BTGD STKd 100% Bitcoin & 100% Gold ETF | -40.08% | -12.30% |
Correlation
The correlation between MSTW and BTGD is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025 | 0.74 |
The correlation between MSTW and BTGD has been stable across timeframes, ranging from 0.74 to 0.75 - a consistent structural relationship.
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Return for Risk
MSTW vs. BTGD — Risk / Return Rank
MSTW
BTGD
MSTW vs. BTGD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill MSTR WeeklyPay™ ETF (MSTW) and STKd 100% Bitcoin & 100% Gold ETF (BTGD). 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.
| MSTW | BTGD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.89 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | -0.76 | -0.22 |
| Martin ratioReturn relative to average drawdown | -1.35 | -1.38 | +0.03 |
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Drawdowns
MSTW vs. BTGD - Drawdown Comparison
The maximum MSTW drawdown since its inception was -87.29%, which is greater than BTGD's maximum drawdown of -58.79%. Use the drawdown chart below to compare losses from any high point for MSTW and BTGD.
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Drawdown Indicators
| MSTW | BTGD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.29% | -58.79% | -28.50% |
Max Drawdown (1Y)Largest decline over 1 year | -86.75% | -58.79% | -27.96% |
Current DrawdownCurrent decline from peak | -85.46% | -56.11% | -29.35% |
Average DrawdownAverage peak-to-trough decline | -58.78% | -18.11% | -40.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 63.15% | 32.37% | +30.78% |
Volatility
MSTW vs. BTGD - Volatility Comparison
Roundhill MSTR WeeklyPay™ ETF (MSTW) has a higher volatility of 21.78% compared to STKd 100% Bitcoin & 100% Gold ETF (BTGD) at 14.17%. This indicates that MSTW's price experiences larger fluctuations and is considered to be riskier than BTGD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTW | BTGD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.78% | 14.17% | +7.61% |
Volatility (6M)Calculated over the trailing 6-month period | 73.44% | 47.63% | +25.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 91.22% | 58.18% | +33.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.37% | 55.76% | +34.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.37% | 55.76% | +34.61% |
MSTW vs. BTGD - Expense Ratio Comparison
MSTW has a 0.99% expense ratio, which is lower than BTGD's 1.05% expense ratio.
Dividends
MSTW vs. BTGD - Dividend Comparison
MSTW's dividend yield for the trailing twelve months is around 422.50%, more than BTGD's 5.61% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BTGD STKd 100% Bitcoin & 100% Gold ETF | 5.61% | 3.36% | 0.19% |
MSTW Roundhill MSTR WeeklyPay™ ETF | 422.50% | 106.94% | 0.00% |
Frequently Asked Questions
MSTW and BTGD have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTW has higher volatility (21.78%) compared to BTGD (14.17%). In terms of maximum drawdown, MSTW dropped -87.29% vs BTGD's -58.79%.
On 1-year performance, BTGD leads with -43.79% vs -83.12% for MSTW. On fees, MSTW is cheaper at 0.99% per year. On volatility, BTGD has been the lower-risk option at 14.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BTGD has performed better with a -43.79% return vs -83.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MSTW is cheaper with a 0.99% expense ratio, compared with 1.05% for BTGD.
MSTW has the higher dividend yield at 422.50%, compared with 5.61% for BTGD.
MSTW is categorized as Derivative Income, while BTGD is Cryptocurrency. They also come from different issuers: Roundhill and Quantify Funds. Their fees differ too: 0.99% for MSTW and 1.05% for BTGD.
BTGD currently has the higher Sharpe Ratio (-0.77 vs -0.93), 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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