MSTY vs. BTC-USD
MSTY (YieldMax™ MSTR Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past year, MSTY returned -65.11% vs -36.56% for BTC-USD. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
MSTY vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, MSTY achieves a -24.36% return, which is significantly higher than BTC-USD's -26.78% return.
MSTY
- 1D
- -1.97%
- 1M
- -28.49%
- YTD
- -24.36%
- 6M
- -28.98%
- 1Y
- -65.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- 1.32%
- 1M
- -16.41%
- YTD
- -26.78%
- 6M
- -27.65%
- 1Y
- -36.56%
- 3Y*
- 27.78%
- 5Y*
- 13.72%
- 10Y*
- 57.78%
MSTY vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MSTY YieldMax™ MSTR Option Income Strategy ETF | -24.36% | -42.71% | 212.16% |
BTC-USD Bitcoin | -26.78% | -6.27% | 80.04% |
Correlation
The correlation between MSTY and BTC-USD is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2024 | 0.58 |
The correlation between MSTY and BTC-USD has been stable across timeframes, ranging from 0.58 to 0.63 - a consistent structural relationship.
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Return for Risk
MSTY vs. BTC-USD — Risk / Return Rank
MSTY
BTC-USD
MSTY vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax™ MSTR Option Income Strategy ETF (MSTY) and Bitcoin (BTC-USD). 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.
| MSTY | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 0.88 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | -0.71 | -0.20 |
| Martin ratioReturn relative to average drawdown | -1.33 | -1.20 | -0.12 |
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Drawdowns
MSTY vs. BTC-USD - Drawdown Comparison
The maximum MSTY drawdown since its inception was -71.79%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for MSTY and BTC-USD.
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Drawdown Indicators
| MSTY | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.79% | -85.30% | +13.51% |
Max Drawdown (1Y)Largest decline over 1 year | -71.79% | -51.21% | -20.58% |
Max Drawdown (3Y)Largest decline over 3 years | — | -51.21% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -70.26% | -48.63% | -21.63% |
Average DrawdownAverage peak-to-trough decline | -26.90% | -42.41% | +15.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.15% | 31.17% | +17.98% |
Volatility
MSTY vs. BTC-USD - Volatility Comparison
YieldMax™ MSTR Option Income Strategy ETF (MSTY) has a higher volatility of 19.16% compared to Bitcoin (BTC-USD) at 12.27%. This indicates that MSTY's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTY | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.16% | 12.27% | +6.89% |
Volatility (6M)Calculated over the trailing 6-month period | 49.48% | 34.57% | +14.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.00% | 35.70% | +26.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.81% | 44.28% | +27.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.81% | 56.43% | +15.38% |
Frequently Asked Questions
MSTY and BTC-USD have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTY has higher volatility (19.16%) compared to BTC-USD (12.27%). In terms of maximum drawdown, MSTY dropped -71.79% vs BTC-USD's -85.30%.
BTC-USD currently has the higher Sharpe Ratio (-0.85 vs -1.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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