MSTY vs. ICLN
MSTY (YieldMax™ MSTR Option Income Strategy ETF) and ICLN (iShares Global Clean Energy ETF) are both exchange-traded funds - MSTY is a Derivative Income fund actively managed by YieldMax, while ICLN is a Alternative Energy Equities fund tracking the S&P Global Clean Energy Index. MSTY is actively managed, while ICLN is passively managed. Over the past year, MSTY returned -60.49% vs 61.48% for ICLN. At a 0.30 correlation, their price movements are largely independent. MSTY charges 0.99%/yr vs 0.39%/yr for ICLN.
Performance
MSTY vs. ICLN - Performance Comparison
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Returns By Period
In the year-to-date period, MSTY achieves a -12.23% return, which is significantly lower than ICLN's 28.34% return.
MSTY
- 1D
- 4.50%
- 1M
- -23.91%
- YTD
- -12.23%
- 6M
- -15.80%
- 1Y
- -60.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ICLN
- 1D
- 0.80%
- 1M
- -3.23%
- YTD
- 28.34%
- 6M
- 28.17%
- 1Y
- 61.48%
- 3Y*
- 5.46%
- 5Y*
- -0.17%
- 10Y*
- 11.52%
MSTY vs. ICLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MSTY YieldMax™ MSTR Option Income Strategy ETF | -12.23% | -42.71% | 212.16% |
ICLN iShares Global Clean Energy ETF | 28.34% | 47.05% | -18.26% |
Correlation
The correlation between MSTY and ICLN is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2024 | 0.30 |
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Return for Risk
MSTY vs. ICLN — Risk / Return Rank
MSTY
ICLN
MSTY vs. ICLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax™ MSTR Option Income Strategy ETF (MSTY) and iShares Global Clean Energy ETF (ICLN). 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 | ICLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.18 | ||
| Sortino ratioReturn per unit of downside risk | -4.39 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.35 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 3.77 | -4.62 |
| Martin ratioReturn relative to average drawdown | -1.25 | 13.82 | -15.07 |
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Drawdowns
MSTY vs. ICLN - Drawdown Comparison
The maximum MSTY drawdown since its inception was -71.79%, smaller than the maximum ICLN drawdown of -87.15%. Use the drawdown chart below to compare losses from any high point for MSTY and ICLN.
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Drawdown Indicators
| MSTY | ICLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.79% | -87.15% | +15.36% |
Max Drawdown (1Y)Largest decline over 1 year | -71.79% | -16.38% | -55.41% |
Max Drawdown (3Y)Largest decline over 3 years | — | -43.18% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.16% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.75% | — |
Current DrawdownCurrent decline from peak | -65.49% | -42.58% | -22.91% |
Average DrawdownAverage peak-to-trough decline | -26.61% | -66.55% | +39.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.38% | 4.46% | +43.92% |
Volatility
MSTY vs. ICLN - Volatility Comparison
YieldMax™ MSTR Option Income Strategy ETF (MSTY) has a higher volatility of 19.30% compared to iShares Global Clean Energy ETF (ICLN) at 12.94%. This indicates that MSTY's price experiences larger fluctuations and is considered to be riskier than ICLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTY | ICLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.30% | 12.94% | +6.36% |
Volatility (6M)Calculated over the trailing 6-month period | 49.85% | 22.57% | +27.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.63% | 28.28% | +33.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.87% | 27.55% | +44.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.87% | 27.33% | +44.54% |
MSTY vs. ICLN - Expense Ratio Comparison
MSTY has a 0.99% expense ratio, which is higher than ICLN's 0.39% expense ratio.
Dividends
MSTY vs. ICLN - Dividend Comparison
MSTY's dividend yield for the trailing twelve months is around 230.78%, more than ICLN's 1.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICLN iShares Global Clean Energy ETF | 1.54% | 1.63% | 1.85% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% |
MSTY YieldMax™ MSTR Option Income Strategy ETF | 230.78% | 294.61% | 104.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MSTY and ICLN have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTY has higher volatility (19.30%) compared to ICLN (12.94%). In terms of maximum drawdown, MSTY dropped -71.79% vs ICLN's -87.15%.
On 1-year performance, ICLN leads with 61.48% vs -60.49% for MSTY. On fees, ICLN is cheaper at 0.39% per year. On volatility, ICLN has been the lower-risk option at 12.94%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ICLN has performed better with a 61.48% return vs -60.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ICLN is cheaper with a 0.39% expense ratio, compared with 0.99% for MSTY.
MSTY has the higher dividend yield at 230.78%, compared with 1.54% for ICLN.
MSTY is categorized as Derivative Income, while ICLN is Alternative Energy Equities. They also come from different issuers: YieldMax and iShares. Their fees differ too: 0.99% for MSTY and 0.39% for ICLN.
ICLN currently has the higher Sharpe Ratio (2.19 vs -0.99), 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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