MSTY vs. IVVW
MSTY (YieldMax™ MSTR Option Income Strategy ETF) and IVVW (iShares S&P 500 BuyWrite ETF) are both Derivative Income funds. MSTY is actively managed, while IVVW is passively managed. Over the past year, MSTY returned -61.25% vs 20.07% for IVVW. At a 0.42 correlation, their price movements are largely independent. MSTY charges 0.99%/yr vs 0.25%/yr for IVVW.
Performance
MSTY vs. IVVW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MSTY achieves a -14.73% return, which is significantly lower than IVVW's 4.84% return.
MSTY
- 1D
- -6.76%
- 1M
- -28.46%
- YTD
- -14.73%
- 6M
- -26.86%
- 1Y
- -61.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVVW
- 1D
- -0.02%
- 1M
- 1.90%
- YTD
- 4.84%
- 6M
- 6.58%
- 1Y
- 20.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTY vs. IVVW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MSTY YieldMax™ MSTR Option Income Strategy ETF | -14.73% | -42.71% | 55.74% |
IVVW iShares S&P 500 BuyWrite ETF | 4.84% | 11.71% | 12.90% |
Correlation
The correlation between MSTY and IVVW is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2024 | 0.42 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MSTY vs. IVVW — Risk / Return Rank
MSTY
IVVW
MSTY vs. IVVW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax™ MSTR Option Income Strategy ETF (MSTY) and iShares S&P 500 BuyWrite ETF (IVVW). 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.
| MSTY | IVVW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.74 | ||
| Sortino ratioReturn per unit of downside risk | -5.50 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.61 | -0.81 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 3.47 | -4.32 |
| Martin ratioReturn relative to average drawdown | -1.31 | 19.13 | -20.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| MSTY | IVVW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.02 | 2.73 | -3.74 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 1.07 | -0.81 |
Drawdowns
MSTY vs. IVVW - Drawdown Comparison
The maximum MSTY drawdown since its inception was -71.79%, which is greater than IVVW's maximum drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for MSTY and IVVW.
Loading charts...
Drawdown Indicators
| MSTY | IVVW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.79% | -16.79% | -55.00% |
Max Drawdown (1Y)Largest decline over 1 year | -71.79% | -5.81% | -65.98% |
Current DrawdownCurrent decline from peak | -66.48% | -0.09% | -66.39% |
Average DrawdownAverage peak-to-trough decline | -26.09% | -1.75% | -24.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.87% | 1.05% | +45.82% |
Volatility
MSTY vs. IVVW - Volatility Comparison
YieldMax™ MSTR Option Income Strategy ETF (MSTY) has a higher volatility of 17.01% compared to iShares S&P 500 BuyWrite ETF (IVVW) at 1.13%. This indicates that MSTY's price experiences larger fluctuations and is considered to be riskier than IVVW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MSTY | IVVW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.01% | 1.13% | +15.88% |
Volatility (6M)Calculated over the trailing 6-month period | 48.79% | 6.07% | +42.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.44% | 7.40% | +53.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.92% | 12.66% | +59.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.92% | 12.66% | +59.26% |
MSTY vs. IVVW - Expense Ratio Comparison
MSTY has a 0.99% expense ratio, which is higher than IVVW's 0.25% expense ratio.
Dividends
MSTY vs. IVVW - Dividend Comparison
MSTY's dividend yield for the trailing twelve months is around 269.45%, more than IVVW's 19.70% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IVVW iShares S&P 500 BuyWrite ETF | 19.70% | 18.55% | 13.72% |
MSTY YieldMax™ MSTR Option Income Strategy ETF | 269.45% | 294.61% | 104.56% |
Frequently Asked Questions
MSTY and IVVW have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTY has higher volatility (17.01%) compared to IVVW (1.13%). In terms of maximum drawdown, MSTY dropped -71.79% vs IVVW's -16.79%.
On 1-year performance, IVVW leads with 20.07% vs -61.25% for MSTY. On fees, IVVW is cheaper at 0.25% per year. On volatility, IVVW has been the lower-risk option at 1.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IVVW has performed better with a 20.07% return vs -61.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVVW is cheaper with a 0.25% expense ratio, compared with 0.99% for MSTY.
MSTY has the higher dividend yield at 269.45%, compared with 19.70% for IVVW.
They also come from different issuers: YieldMax and iShares. Their fees differ too: 0.99% for MSTY and 0.25% for IVVW.
IVVW currently has the higher Sharpe Ratio (2.73 vs -1.02), 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.
Find the right allocation for MSTY and IVVW
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer