MSTW vs. IMST
MSTW (Roundhill MSTR WeeklyPay ETF) and IMST (Bitwise Funds Trust) are both Derivative Income funds. Both are actively managed. With a 0.98 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 -49.77% return, which is significantly lower than IMST's -31.57% return.
MSTW
- 1D
- -3.26%
- 1M
- -32.02%
- 6M
- -53.37%
- YTD
- -49.77%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IMST
- 1D
- -1.79%
- 1M
- -18.69%
- 6M
- -35.66%
- YTD
- -31.57%
- 1Y
- -72.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTW vs. IMST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSTW Roundhill MSTR WeeklyPay ETF | -49.77% | -71.40% |
IMST Bitwise Funds Trust | -31.57% | -57.66% |
Correlation
The correlation between MSTW and IMST is 0.98 - 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 | 0.98 |
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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 | — | 0.74 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.96 | — |
| Martin ratioReturn relative to average drawdown | — | -1.41 | — |
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Drawdowns
MSTW vs. IMST - Drawdown Comparison
The maximum MSTW drawdown since its inception was -87.29%, which is greater than IMST's maximum drawdown of -75.63%. 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 | -87.29% | -75.63% | -11.66% |
Max Drawdown (1Y)Largest decline over 1 year | — | -75.63% | — |
Current DrawdownCurrent decline from peak | -85.64% | -73.23% | -12.41% |
Average DrawdownAverage peak-to-trough decline | -57.27% | -38.06% | -19.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 51.48% | — |
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 | — | 21.80% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 47.22% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 91.07% | 60.28% | +30.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 91.07% | 60.84% | +30.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 91.07% | 60.84% | +30.23% |
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 411.61%, more than IMST's 253.23% yield.
| Position | TTM | 2025 |
|---|---|---|
IMST Bitwise Funds Trust | 253.23% | 195.93% |
MSTW Roundhill MSTR WeeklyPay ETF | 411.61% | 106.94% |
Frequently Asked Questions
With a correlation of 0.98, 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 411.61%, compared with 253.23% for IMST.
They also come from different issuers: Roundhill and Bitwise.
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