MSTY vs. ISHG
MSTY (YieldMax™ MSTR Option Income Strategy ETF) and ISHG (iShares 1-3 Year International Treasury Bond ETF) are both exchange-traded funds - MSTY is a Derivative Income fund actively managed by YieldMax, while ISHG is a International Government Bonds fund tracking the S&P/Citigroup International Treasury Bond Index Ex-US 1-3 Year. MSTY is actively managed, while ISHG is passively managed. Over the past year, MSTY returned -62.19% vs 1.37% for ISHG. At a 0.19 correlation, their price movements are largely independent. MSTY charges 0.99%/yr vs 0.35%/yr for ISHG.
Performance
MSTY vs. ISHG - Performance Comparison
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Returns By Period
In the year-to-date period, MSTY achieves a -16.01% return, which is significantly lower than ISHG's -0.18% return.
MSTY
- 1D
- 2.79%
- 1M
- -27.19%
- YTD
- -16.01%
- 6M
- -25.33%
- 1Y
- -62.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ISHG
- 1D
- 0.06%
- 1M
- -0.07%
- YTD
- -0.18%
- 6M
- 0.19%
- 1Y
- 1.37%
- 3Y*
- 4.08%
- 5Y*
- -1.07%
- 10Y*
- -0.14%
MSTY vs. ISHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MSTY YieldMax™ MSTR Option Income Strategy ETF | -16.01% | -42.71% | 212.16% |
ISHG iShares 1-3 Year International Treasury Bond ETF | -0.18% | 13.31% | -1.45% |
Correlation
The correlation between MSTY and ISHG is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2024 | 0.19 |
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Return for Risk
MSTY vs. ISHG — Risk / Return Rank
MSTY
ISHG
MSTY vs. ISHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax™ MSTR Option Income Strategy ETF (MSTY) and iShares 1-3 Year International Treasury Bond ETF (ISHG). 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 | ISHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.03 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 0.20 | -1.06 |
| Martin ratioReturn relative to average drawdown | -1.29 | 0.49 | -1.77 |
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Drawdowns
MSTY vs. ISHG - Drawdown Comparison
The maximum MSTY drawdown since its inception was -71.79%, which is greater than ISHG's maximum drawdown of -37.24%. Use the drawdown chart below to compare losses from any high point for MSTY and ISHG.
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Drawdown Indicators
| MSTY | ISHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.79% | -37.24% | -34.55% |
Max Drawdown (1Y)Largest decline over 1 year | -71.79% | -5.02% | -66.77% |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.21% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.56% | — |
Current DrawdownCurrent decline from peak | -66.98% | -22.37% | -44.61% |
Average DrawdownAverage peak-to-trough decline | -26.54% | -18.44% | -8.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.20% | 2.05% | +46.15% |
Volatility
MSTY vs. ISHG - Volatility Comparison
YieldMax™ MSTR Option Income Strategy ETF (MSTY) has a higher volatility of 19.17% compared to iShares 1-3 Year International Treasury Bond ETF (ISHG) at 1.67%. This indicates that MSTY's price experiences larger fluctuations and is considered to be riskier than ISHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTY | ISHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.17% | 1.67% | +17.50% |
Volatility (6M)Calculated over the trailing 6-month period | 49.63% | 4.76% | +44.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.33% | 6.51% | +54.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.88% | 7.58% | +64.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.88% | 6.94% | +64.94% |
MSTY vs. ISHG - Expense Ratio Comparison
MSTY has a 0.99% expense ratio, which is higher than ISHG's 0.35% expense ratio.
Dividends
MSTY vs. ISHG - Dividend Comparison
MSTY's dividend yield for the trailing twelve months is around 241.17%, more than ISHG's 1.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISHG iShares 1-3 Year International Treasury Bond ETF | 1.45% | 1.45% | 2.56% | 0.18% | 0.00% | 1.29% | 0.00% | 0.00% | 1.80% | 0.46% | 0.00% | 0.09% |
MSTY YieldMax™ MSTR Option Income Strategy ETF | 241.17% | 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 ISHG have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTY has higher volatility (19.17%) compared to ISHG (1.67%). In terms of maximum drawdown, MSTY dropped -71.79% vs ISHG's -37.24%.
On 1-year performance, ISHG leads with 1.37% vs -62.19% for MSTY. On fees, ISHG is cheaper at 0.35% per year. On volatility, ISHG has been the lower-risk option at 1.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ISHG has performed better with a 1.37% return vs -62.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISHG is cheaper with a 0.35% expense ratio, compared with 0.99% for MSTY.
MSTY has the higher dividend yield at 241.17%, compared with 1.45% for ISHG.
MSTY is categorized as Derivative Income, while ISHG is International Government Bonds. They also come from different issuers: YieldMax and iShares. Their fees differ too: 0.99% for MSTY and 0.35% for ISHG.
ISHG currently has the higher Sharpe Ratio (0.15 vs -1.01), 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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