MSTW vs. THTA

Last updated Jun 4, 2026

MSTW (Roundhill MSTR WeeklyPay ETF) and THTA (SoFi Enhanced Yield ETF) are both Derivative Income funds. Both are actively managed. At a 0.16 correlation, their price movements are largely independent. MSTW charges 0.99%/yr vs 0.49%/yr for THTA.

Performance

MSTW vs. THTA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill MSTR WeeklyPay ETF (MSTW) and SoFi Enhanced Yield ETF (THTA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSTW achieves a -23.56% return, which is significantly lower than THTA's 6.86% return.

MSTW

• 1D: -8.54%
• 1M: -36.78%
• YTD: -23.56%
• 6M: -41.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

THTA

• 1D: -0.02%
• 1M: 0.56%
• YTD: 6.86%
• 6M: 8.04%
• 1Y: 16.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MSTW vs. THTA - Yearly Performance Comparison

	2026 (YTD)	2025
MSTW Roundhill MSTR WeeklyPay ETF	-23.56%	-71.42%
THTA SoFi Enhanced Yield ETF	6.86%	7.05%

Correlation

The correlation between MSTW and THTA is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.16

Return for Risk

MSTW vs. THTA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

THTA

THTA Risk / Return Rank: 92
THTA Sharpe Ratio Rank: 87
THTA Sortino Ratio Rank: 90
THTA Omega Ratio Rank: 95
THTA Calmar Ratio Rank: 92
THTA Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MSTW vs. THTA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill MSTR WeeklyPay ETF (MSTW) and SoFi Enhanced Yield ETF (THTA). 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.

Sharpe Ratios by Period

	MSTW	THTA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.94	0.08	-1.01

Drawdowns

MSTW vs. THTA - Drawdown Comparison

The maximum MSTW drawdown since its inception was -81.85%, which is greater than THTA's maximum drawdown of -31.41%. Use the drawdown chart below to compare losses from any high point for MSTW and THTA.

Drawdown Indicators

	MSTW	THTA	Difference
Max Drawdown Largest peak-to-trough decline	-81.85%	-31.41%	-50.44%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.64%	—
Current Drawdown Current decline from peak	-78.15%	-6.79%	-71.36%
Average Drawdown Average peak-to-trough decline	-54.49%	-7.52%	-46.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.32%	—

Volatility

Volatility by Period

	MSTW	THTA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.75%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	89.01%	5.80%	+83.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.01%	20.25%	+68.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.01%	20.25%	+68.76%

MSTW vs. THTA - Expense Ratio Comparison

MSTW has a 0.99% expense ratio, which is higher than THTA's 0.49% expense ratio.

Dividends

MSTW vs. THTA - Dividend Comparison

MSTW's dividend yield for the trailing twelve months is around 239.64%, more than THTA's 11.26% yield.

Position	TTM	2025	2024	2023
MSTW Roundhill MSTR WeeklyPay ETF	239.64%	106.94%	0.00%	0.00%
THTA SoFi Enhanced Yield ETF	11.26%	12.66%	12.44%	0.58%

Frequently Asked Questions

Can I hold both MSTW and THTA in my portfolio?

MSTW and THTA have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSTW or THTA?

On fees, THTA is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MSTW or THTA?

THTA is cheaper with a 0.49% expense ratio, compared with 0.99% for MSTW.

Which ETF pays a higher dividend yield, MSTW or THTA?

MSTW has the higher dividend yield at 239.64%, compared with 11.26% for THTA.

What is the main difference between MSTW and THTA?

They also come from different issuers: Roundhill and SoFi. Their fees differ too: 0.99% for MSTW and 0.49% for THTA.