MSTW vs. IMST
MSTW (Roundhill MSTR WeeklyPay ETF) and IMST (Bitwise Funds Trust) are both Derivative Income funds. Both are actively managed. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.99% expense ratio.
Performance
MSTW vs. IMST - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MSTW achieves a -40.29% return, which is significantly lower than IMST's -25.05% return.
MSTW
- 1D
- -5.77%
- 1M
- -41.43%
- YTD
- -40.29%
- 6M
- -43.01%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IMST
- 1D
- -1.74%
- 1M
- -26.67%
- YTD
- -25.05%
- 6M
- -27.13%
- 1Y
- -66.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTW vs. IMST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSTW Roundhill MSTR WeeklyPay ETF | -40.29% | -71.40% |
IMST Bitwise Funds Trust | -25.05% | -57.66% |
Correlation
The correlation between MSTW and IMST is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025 | 0.97 |
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
MSTW vs. IMST — Risk / Return Rank
MSTW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IMST
MSTW vs. IMST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill MSTR WeeklyPay ETF (MSTW) and Bitwise Funds Trust (IMST). 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 | IMST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.77 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.94 | — |
| Martin ratioReturn relative to average drawdown | — | -1.36 | — |
Loading charts...
Drawdowns
MSTW vs. IMST - Drawdown Comparison
The maximum MSTW drawdown since its inception was -82.94%, which is greater than IMST's maximum drawdown of -70.68%. Use the drawdown chart below to compare losses from any high point for MSTW and IMST.
Loading charts...
Drawdown Indicators
| MSTW | IMST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.94% | -70.68% | -12.26% |
Max Drawdown (1Y)Largest decline over 1 year | — | -70.68% | — |
Current DrawdownCurrent decline from peak | -82.94% | -70.68% | -12.26% |
Average DrawdownAverage peak-to-trough decline | -55.68% | -36.57% | -19.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 48.73% | — |
Volatility
MSTW vs. IMST - Volatility Comparison
Loading charts...
Volatility by Period
| MSTW | IMST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 17.47% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 44.16% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 89.08% | 58.04% | +31.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.08% | 59.62% | +29.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.08% | 59.62% | +29.46% |
MSTW vs. IMST - Expense Ratio Comparison
Both MSTW and IMST have an expense ratio of 0.99%.
Dividends
MSTW vs. IMST - Dividend Comparison
MSTW's dividend yield for the trailing twelve months is around 325.95%, more than IMST's 251.60% yield.
| Position | TTM | 2025 |
|---|---|---|
IMST Bitwise Funds Trust | 251.60% | 195.93% |
MSTW Roundhill MSTR WeeklyPay ETF | 325.95% | 106.94% |
Frequently Asked Questions
With a correlation of 0.97, MSTW and IMST move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
MSTW and IMST have the same expense ratio: 0.99% per year.
MSTW has the higher dividend yield at 325.95%, compared with 251.60% for IMST.
They also come from different issuers: Roundhill and Bitwise.
Find the right allocation for MSTW and IMST
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