MSTW vs. YMAX

Last updated Jun 24, 2026

MSTW (Roundhill MSTR WeeklyPay ETF) and YMAX (YieldMax Universe Fund of Option Income ETFs) are both Derivative Income funds. Both are actively managed. A 0.70 correlation means they provide meaningful diversification when combined. MSTW charges 0.99%/yr vs 1.28%/yr for YMAX.

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.

Returns By Period

In the year-to-date period, MSTW achieves a -40.29% return, which is significantly lower than YMAX's 0.77% return.

MSTW

• 1D: -5.77%
• 1M: -41.43%
• YTD: -40.29%
• 6M: -43.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

YMAX

• 1D: -2.10%
• 1M: -2.26%
• YTD: 0.77%
• 6M: -1.20%
• 1Y: 2.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSTW vs. YMAX - Yearly Performance Comparison

	2026 (YTD)	2025
MSTW Roundhill MSTR WeeklyPay ETF	-40.29%	-71.40%
YMAX YieldMax Universe Fund of Option Income ETFs	0.77%	-6.67%

Correlation

The correlation between MSTW and YMAX is 0.70, 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 24, 2025	0.70

Return for Risk

MSTW vs. YMAX — Risk / Return Rank

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

MSTW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

YMAX

YMAX Risk / Return Rank: 10
YMAX Sharpe Ratio Rank: 10
YMAX Sortino Ratio Rank: 10
YMAX Omega Ratio Rank: 10
YMAX Calmar Ratio Rank: 9
YMAX Martin Ratio Rank: 9

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.

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	YMAX	Difference
Sharpe ratio: Return per unit of total volatility	—	0.09	—
Sortino ratio: Return per unit of downside risk	—	0.28	—
Omega ratio: Gain probability vs. loss probability	—	1.04	—
Calmar ratio: Return relative to maximum drawdown	—	0.08	—
Martin ratio: Return relative to average drawdown	—	0.19	—

Drawdowns

MSTW vs. YMAX - Drawdown Comparison

The maximum MSTW drawdown since its inception was -82.94%, 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	-82.94%	-26.13%	-56.81%
Max Drawdown (1Y) Largest decline over 1 year	—	-26.13%	—
Current Drawdown Current decline from peak	-82.94%	-10.66%	-72.28%
Average Drawdown Average peak-to-trough decline	-55.68%	-6.40%	-49.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.24%	—

Volatility

Volatility by Period

	MSTW	YMAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.94%	—
Volatility (6M) Calculated over the trailing 6-month period	—	19.66%	—
Volatility (1Y) Calculated over the trailing 1-year period	89.08%	23.56%	+65.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.08%	23.61%	+65.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.08%	23.61%	+65.47%

MSTW vs. YMAX - Expense Ratio Comparison

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

Dividends

MSTW vs. YMAX - Dividend Comparison

MSTW's dividend yield for the trailing twelve months is around 325.95%, more than YMAX's 74.01% yield.

Position	TTM	2025	2024
MSTW Roundhill MSTR WeeklyPay ETF	325.95%	106.94%	0.00%
YMAX YieldMax Universe Fund of Option Income ETFs	74.01%	78.70%	44.20%

Frequently Asked Questions

Can I hold both MSTW and YMAX in my portfolio?

MSTW and YMAX have a correlation of 0.70, 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 YMAX?

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.

Which ETF is cheaper, MSTW or YMAX?

MSTW is cheaper with a 0.99% expense ratio, compared with 1.28% for YMAX.

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

MSTW has the higher dividend yield at 325.95%, compared with 74.01% for YMAX.

What is the main difference between MSTW and YMAX?

They also come from different issuers: Roundhill and YieldMax. Their fees differ too: 0.99% for MSTW and 1.28% for YMAX.