MSTW vs. ULTY
MSTW (Roundhill MSTR WeeklyPay ETF) and ULTY (YieldMax Ultra Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. A 0.65 correlation means they provide meaningful diversification when combined. MSTW charges 0.99%/yr vs 1.14%/yr for ULTY.
Performance
MSTW vs. ULTY - Performance Comparison
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Returns By Period
In the year-to-date period, MSTW achieves a -16.42% return, which is significantly lower than ULTY's 12.54% return.
MSTW
- 1D
- -10.09%
- 1M
- -27.42%
- YTD
- -16.42%
- 6M
- -33.03%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ULTY
- 1D
- 0.98%
- 1M
- 6.02%
- YTD
- 12.54%
- 6M
- 12.64%
- 1Y
- 11.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTW vs. ULTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSTW Roundhill MSTR WeeklyPay ETF | -16.42% | -71.42% |
ULTY YieldMax Ultra Option Income Strategy ETF | 12.54% | -14.12% |
Correlation
The correlation between MSTW and ULTY is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025 | 0.65 |
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Return for Risk
MSTW vs. ULTY — Risk / Return Rank
MSTW
ULTY
MSTW vs. ULTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill MSTR WeeklyPay ETF (MSTW) and YieldMax Ultra Option Income Strategy ETF (ULTY). 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 | ULTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.92 | 0.20 | -1.11 |
Drawdowns
MSTW vs. ULTY - Drawdown Comparison
The maximum MSTW drawdown since its inception was -81.85%, which is greater than ULTY's maximum drawdown of -26.85%. Use the drawdown chart below to compare losses from any high point for MSTW and ULTY.
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Drawdown Indicators
| MSTW | ULTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.85% | -26.85% | -55.00% |
Max Drawdown (1Y)Largest decline over 1 year | — | -24.16% | — |
Current DrawdownCurrent decline from peak | -76.11% | -7.72% | -68.39% |
Average DrawdownAverage peak-to-trough decline | -54.38% | -9.37% | -45.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 12.30% | — |
Volatility
MSTW vs. ULTY - Volatility Comparison
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Volatility by Period
| MSTW | ULTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.24% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.09% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 88.79% | 20.75% | +68.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.79% | 26.93% | +61.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.79% | 26.93% | +61.86% |
MSTW vs. ULTY - Expense Ratio Comparison
MSTW has a 0.99% expense ratio, which is lower than ULTY's 1.14% expense ratio.
Dividends
MSTW vs. ULTY - Dividend Comparison
MSTW's dividend yield for the trailing twelve months is around 219.17%, more than ULTY's 110.59% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MSTW Roundhill MSTR WeeklyPay ETF | 219.17% | 106.94% | 0.00% |
ULTY YieldMax Ultra Option Income Strategy ETF | 110.59% | 142.99% | 111.70% |
Frequently Asked Questions
MSTW and ULTY have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MSTW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MSTW is cheaper with a 0.99% expense ratio, compared with 1.14% for ULTY.
MSTW has the higher dividend yield at 219.17%, compared with 110.59% for ULTY.
They also come from different issuers: Roundhill and YieldMax. Their fees differ too: 0.99% for MSTW and 1.14% for ULTY.
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