MSTY vs. ILS

Last updated Aug 6, 2026

MSTY (YieldMax™ MSTR Option Income Strategy ETF) and ILS (Brookmont Catastrophic Bond ETF) are both exchange-traded funds - MSTY is a Derivative Income fund actively managed by YieldMax, while ILS is a Nontraditional Bonds fund actively managed by Brookmont. Both are actively managed. Over the past year, MSTY returned -67.95% vs 7.69% for ILS. Their -0.15 correlation means they have often moved in opposite directions in the past. MSTY charges 0.99%/yr vs 1.58%/yr for ILS.

Performance

MSTY vs. ILS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax™ MSTR Option Income Strategy ETF (MSTY) and Brookmont Catastrophic Bond ETF (ILS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSTY achieves a -30.54% return, which is significantly lower than ILS's 3.63% return.

MSTY

• 1D: 0.39%
• 1M: 0.94%
• 6M: -19.25%
• YTD: -30.54%
• 1Y: -67.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.26%

ILS

• 1D: 0.08%
• 1M: 1.09%
• 6M: 3.29%
• YTD: 3.63%
• 1Y: 7.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.38%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ILS Brookmont Catastrophic Bond ETF	$469.06K	$481.42K	$625.35K
MSTY YieldMax™ MSTR Option Income Strategy ETF	$13.50M	$12.65M	$27.08M

MSTY vs. ILS - Yearly Performance Comparison

	2026 (YTD)	2025
MSTY YieldMax™ MSTR Option Income Strategy ETF	-30.54%	-40.85%
ILS Brookmont Catastrophic Bond ETF	3.63%	3.54%

Correlation

The correlation between MSTY and ILS is -0.12, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.12
Correlation (All Time) Calculated using the full available price history since Apr 1, 2025	-0.15

Return for Risk

MSTY vs. ILS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MSTY

MSTY Risk / Return Rank: 1
MSTY Sharpe Ratio Rank: 1
MSTY Sortino Ratio Rank: 1
MSTY Omega Ratio Rank: 1
MSTY Calmar Ratio Rank: 1
MSTY Martin Ratio Rank: 2

ILS

ILS Risk / Return Rank: 97
ILS Sharpe Ratio Rank: 96
ILS Sortino Ratio Rank: 97
ILS Omega Ratio Rank: 97
ILS Calmar Ratio Rank: 98
ILS Martin Ratio Rank: 98

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MSTY vs. ILS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax™ MSTR Option Income Strategy ETF (MSTY) and Brookmont Catastrophic Bond ETF (ILS). 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	ILS	Difference
Sharpe ratio: Return per unit of total volatility	-1.05	3.14	-4.19
Sortino ratio: Return per unit of downside risk	-1.97	5.22	-7.19
Omega ratio: Gain probability vs. loss probability	0.79	1.73	-0.94
Calmar ratio: Return relative to maximum drawdown	-0.91	13.95	-14.86
Martin ratio: Return relative to average drawdown	-1.32	52.37	-53.69

MSTY vs. ILS - Sharpe Ratio Comparison

The current MSTY Sharpe Ratio is -1.05, which is lower than the ILS Sharpe Ratio of 3.14. The chart below compares the historical Sharpe Ratios of MSTY and ILS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MSTY vs. ILS - Drawdown Comparison

The maximum MSTY drawdown since its inception was -77.40%, which is greater than ILS's maximum drawdown of -2.46%. Use the drawdown chart below to compare losses from any high point for MSTY and ILS.

Drawdown Indicators

	MSTY	ILS	Difference
Max Drawdown Largest peak-to-trough decline	-77.40%	-2.46%	-74.94%
Max Drawdown (1Y) Largest decline over 1 year	-74.91%	-0.55%	-74.36%
Current Drawdown Current decline from peak	-72.69%	0.00%	-72.69%
Average Drawdown Average peak-to-trough decline	-29.27%	-0.50%	-28.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	51.33%	0.15%	+51.18%

Volatility

MSTY vs. ILS - Volatility Comparison

YieldMax™ MSTR Option Income Strategy ETF (MSTY) has a higher volatility of 13.14% compared to Brookmont Catastrophic Bond ETF (ILS) at 0.41%. This indicates that MSTY's price experiences larger fluctuations and is considered to be riskier than ILS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSTY	ILS	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.14%	0.41%	+12.73%
Volatility (6M) Calculated over the trailing 6-month period	51.76%	1.44%	+50.32%
Volatility (1Y) Calculated over the trailing 1-year period	64.60%	2.46%	+62.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.75%	3.63%	+68.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.75%	3.63%	+68.12%

MSTY vs. ILS - Expense Ratio Comparison

MSTY has a 0.99% expense ratio, which is lower than ILS's 1.58% expense ratio.

Dividends

MSTY vs. ILS - Dividend Comparison

MSTY's dividend yield for the trailing twelve months is around 241.58%, more than ILS's 8.13% yield.

Position	TTM	2025	2024
ILS Brookmont Catastrophic Bond ETF	8.13%	6.06%	0.00%
MSTY YieldMax™ MSTR Option Income Strategy ETF	241.58%	294.61%	104.56%

Frequently Asked Questions

Can I hold both MSTY and ILS in my portfolio?

MSTY and ILS have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSTY or ILS?

MSTY has higher volatility (13.14%) compared to ILS (0.41%). In terms of maximum drawdown, MSTY dropped -77.40% vs ILS's -2.46%.

Which ETF is better, MSTY or ILS?

On 1-year performance, ILS leads with 7.69% vs -67.95% for MSTY. On fees, MSTY is cheaper at 0.99% per year. On volatility, ILS has been the lower-risk option at 0.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSTY or ILS?

Over the 1-year period, ILS has performed better with a 7.69% return vs -67.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSTY or ILS?

MSTY is cheaper with a 0.99% expense ratio, compared with 1.58% for ILS.

Which ETF pays a higher dividend yield, MSTY or ILS?

MSTY has the higher dividend yield at 241.58%, compared with 8.13% for ILS.

What is the main difference between MSTY and ILS?

MSTY is categorized as Derivative Income, while ILS is Nontraditional Bonds. They also come from different issuers: YieldMax and Brookmont. Their fees differ too: 0.99% for MSTY and 1.58% for ILS.

Which has better risk-adjusted returns?

ILS currently has the higher Sharpe Ratio (3.14 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.