MSTW vs. YBTC

Last updated Apr 1, 2026

Compare and contrast key facts about Roundhill MSTR WeeklyPay ETF (MSTW) and Roundhill Bitcoin Covered Call Strategy ETF (YBTC).

MSTW and YBTC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MSTW is an actively managed fund by Roundhill. It was launched on Jul 23, 2025. YBTC is an actively managed fund by Roundhill. It was launched on Jan 17, 2024.

Performance

MSTW vs. YBTC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill MSTR WeeklyPay ETF (MSTW) and Roundhill Bitcoin Covered Call Strategy ETF (YBTC). The values are adjusted to include any dividend payments, if applicable.

MSTW vs. YBTC - Yearly Performance Comparison

	2026 (YTD)	2025
MSTW Roundhill MSTR WeeklyPay ETF	-22.66%	-71.42%
YBTC Roundhill Bitcoin Covered Call Strategy ETF	-18.34%	-24.78%

Returns By Period

In the year-to-date period, MSTW achieves a -22.66% return, which is significantly lower than YBTC's -18.34% return.

MSTW

• 1D: 3.64%
• 1M: -5.24%
• YTD: -22.66%
• 6M: -69.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

YBTC

• 1D: 2.23%
• 1M: 6.07%
• YTD: -18.34%
• 6M: -38.39%
• 1Y: -14.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSTW vs. YBTC - Expense Ratio Comparison

MSTW has a 0.99% expense ratio, which is higher than YBTC's 0.95% expense ratio.

MSTW

Roundhill MSTR WeeklyPay ETF

YBTC

Roundhill Bitcoin Covered Call Strategy ETF

Return for Risk

MSTW vs. YBTC — Risk / Return Rank

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

YBTC

YBTC Risk / Return Rank: 7
YBTC Sharpe Ratio Rank: 6
YBTC Sortino Ratio Rank: 7
YBTC Omega Ratio Rank: 7
YBTC Calmar Ratio Rank: 7
YBTC Martin Ratio Rank: 7

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. YBTC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill MSTR WeeklyPay ETF (MSTW) and Roundhill Bitcoin Covered Call Strategy ETF (YBTC). 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	YBTC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.99	0.25	-1.24

Correlation

The correlation between MSTW and YBTC is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

MSTW vs. YBTC - Dividend Comparison

MSTW's dividend yield for the trailing twelve months is around 193.06%, more than YBTC's 85.43% yield.

	TTM	2025	2024
MSTW Roundhill MSTR WeeklyPay ETF	193.06%	106.94%	0.00%
YBTC Roundhill Bitcoin Covered Call Strategy ETF	85.43%	76.04%	44.53%

Drawdowns

MSTW vs. YBTC - Drawdown Comparison

The maximum MSTW drawdown since its inception was -81.85%, which is greater than YBTC's maximum drawdown of -47.09%. Use the drawdown chart below to compare losses from any high point for MSTW and YBTC.

Drawdown Indicators

	MSTW	YBTC	Difference
Max Drawdown Largest peak-to-trough decline	-81.85%	-47.09%	-34.76%
Max Drawdown (1Y) Largest decline over 1 year	—	-47.09%	—
Current Drawdown Current decline from peak	-77.90%	-40.36%	-37.54%
Average Drawdown Average peak-to-trough decline	-50.31%	-11.04%	-39.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	20.83%	—

Volatility

Volatility by Period

	MSTW	YBTC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.23%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	89.87%	40.09%	+49.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.87%	41.60%	+48.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.87%	41.60%	+48.27%