MSTW vs. YMAX

Last updated Apr 2, 2026

Compare and contrast key facts about Roundhill MSTR WeeklyPay ETF (MSTW) and YieldMax Universe Fund of Option Income ETFs (YMAX).

MSTW and YMAX 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. YMAX is an actively managed fund by YieldMax. It was launched on Jan 16, 2024.

Performance

MSTW vs. YMAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill MSTR WeeklyPay ETF (MSTW) and YieldMax Universe Fund of Option Income ETFs (YMAX). The values are adjusted to include any dividend payments, if applicable.

MSTW vs. YMAX - Yearly Performance Comparison

	2026 (YTD)	2025
MSTW Roundhill MSTR WeeklyPay ETF	-24.52%	-71.42%
YMAX YieldMax Universe Fund of Option Income ETFs	-13.50%	-6.36%

Returns By Period

In the year-to-date period, MSTW achieves a -24.52% return, which is significantly lower than YMAX's -13.50% return.

MSTW

• 1D: -2.40%
• 1M: -13.48%
• YTD: -24.52%
• 6M: -72.05%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

YMAX

• 1D: -0.42%
• 1M: -6.83%
• YTD: -13.50%
• 6M: -20.90%
• 1Y: 0.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSTW vs. YMAX - Expense Ratio Comparison

MSTW has a 0.99% expense ratio, which is lower than YMAX's 1.28% expense ratio.

YMAX

YieldMax Universe Fund of Option Income ETFs

MSTW

Roundhill MSTR WeeklyPay ETF

Return for Risk

MSTW vs. YMAX — Risk / Return Rank

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

YMAX

YMAX Risk / Return Rank: 13
YMAX Sharpe Ratio Rank: 12
YMAX Sortino Ratio Rank: 12
YMAX Omega Ratio Rank: 12
YMAX Calmar Ratio Rank: 14
YMAX Martin Ratio Rank: 14

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. YMAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill MSTR WeeklyPay ETF (MSTW) and YieldMax Universe Fund of Option Income ETFs (YMAX). 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	YMAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.00	0.30	-1.30

Correlation

The correlation between MSTW and YMAX is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MSTW vs. YMAX - Dividend Comparison

MSTW's dividend yield for the trailing twelve months is around 197.80%, more than YMAX's 88.51% yield.

	TTM	2025	2024
MSTW Roundhill MSTR WeeklyPay ETF	197.80%	106.94%	0.00%
YMAX YieldMax Universe Fund of Option Income ETFs	88.51%	78.70%	44.20%

Drawdowns

MSTW vs. YMAX - Drawdown Comparison

The maximum MSTW drawdown since its inception was -81.85%, which is greater than YMAX's maximum drawdown of -26.13%. Use the drawdown chart below to compare losses from any high point for MSTW and YMAX.

Drawdown Indicators

	MSTW	YMAX	Difference
Max Drawdown Largest peak-to-trough decline	-81.85%	-26.13%	-55.72%
Max Drawdown (1Y) Largest decline over 1 year	—	-26.13%	—
Current Drawdown Current decline from peak	-78.43%	-23.31%	-55.12%
Average Drawdown Average peak-to-trough decline	-50.47%	-5.88%	-44.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.72%	—

Volatility

Volatility by Period

	MSTW	YMAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.79%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	89.63%	25.33%	+64.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.63%	23.00%	+66.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.63%	23.00%	+66.63%