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
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Returns By Period
In the year-to-date period, MSTW achieves a -23.56% return, which is significantly lower than IMST's -14.98% return.
MSTW
- 1D
- -8.54%
- 1M
- -36.78%
- YTD
- -23.56%
- 6M
- -41.29%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IMST
- 1D
- -5.79%
- 1M
- -25.22%
- YTD
- -14.98%
- 6M
- -28.07%
- 1Y
- -62.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTW vs. IMST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSTW Roundhill MSTR WeeklyPay ETF | -23.56% | -71.42% |
IMST Bitwise Funds Trust | -14.98% | -57.92% |
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 25, 2025 | 0.97 |
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Return for Risk
MSTW vs. IMST — Risk / Return Rank
MSTW
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.
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
| MSTW | IMST | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -1.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.94 | -0.80 | -0.14 |
Drawdowns
MSTW vs. IMST - Drawdown Comparison
The maximum MSTW drawdown since its inception was -81.85%, which is greater than IMST's maximum drawdown of -69.86%. Use the drawdown chart below to compare losses from any high point for MSTW and IMST.
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Drawdown Indicators
| MSTW | IMST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.85% | -69.86% | -11.99% |
Max Drawdown (1Y)Largest decline over 1 year | — | -69.86% | — |
Current DrawdownCurrent decline from peak | -78.15% | -66.74% | -11.41% |
Average DrawdownAverage peak-to-trough decline | -54.49% | -35.27% | -19.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 46.22% | — |
Volatility
MSTW vs. IMST - Volatility Comparison
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Volatility by Period
| MSTW | IMST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 14.83% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 44.06% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 89.01% | 56.91% | +32.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.01% | 59.73% | +29.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.01% | 59.73% | +29.28% |
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 239.64%, more than IMST's 221.80% yield.
| Position | TTM | 2025 |
|---|---|---|
IMST Bitwise Funds Trust | 221.80% | 195.93% |
MSTW Roundhill MSTR WeeklyPay ETF | 239.64% | 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 239.64%, compared with 221.80% for IMST.
They also come from different issuers: Roundhill and Bitwise.
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