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 -68.04% vs 19.78% for IVVW. Their 0.42 correlation means their historical movements had little consistent relationship. MSTY charges 0.99%/yr vs 0.25%/yr for IVVW.
Performance
MSTY vs. IVVW - Performance Comparison
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Returns By Period
In the year-to-date period, MSTY achieves a -32.53% return, which is significantly lower than IVVW's 8.19% return.
MSTY
- 1D
- 1.13%
- 1M
- -1.52%
- 6M
- -27.05%
- YTD
- -32.53%
- 1Y
- -68.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.99%
IVVW
- 1D
- 1.03%
- 1M
- 2.36%
- 6M
- 6.69%
- YTD
- 8.19%
- 1Y
- 19.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.08M | $2.12M | $2.68M | |
| $12.83M | $13.14M | $28.03M |
MSTY vs. IVVW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MSTY YieldMax™ MSTR Option Income Strategy ETF | -32.53% | -42.71% | 60.85% |
IVVW iShares S&P 500 BuyWrite ETF | 8.19% | 11.71% | 12.76% |
Correlation
The correlation between MSTY and IVVW is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2024 | 0.42 |
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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.
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 | IVVW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.37 | ||
| Sortino ratioReturn per unit of downside risk | -5.17 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 1.49 | -0.69 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 3.42 | -4.33 |
| Martin ratioReturn relative to average drawdown | -1.34 | 17.74 | -19.07 |
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Drawdowns
MSTY vs. IVVW - Drawdown Comparison
The maximum MSTY drawdown since its inception was -77.40%, 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.
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Drawdown Indicators
| MSTY | IVVW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.40% | -16.79% | -60.61% |
Max Drawdown (1Y)Largest decline over 1 year | -74.91% | -5.81% | -69.10% |
Current DrawdownCurrent decline from peak | -73.47% | 0.00% | -73.47% |
Average DrawdownAverage peak-to-trough decline | -29.12% | -1.68% | -27.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.95% | 1.12% | +49.83% |
Volatility
MSTY vs. IVVW - Volatility Comparison
YieldMax™ MSTR Option Income Strategy ETF (MSTY) has a higher volatility of 13.25% compared to iShares S&P 500 BuyWrite ETF (IVVW) at 3.05%. 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.
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Volatility by Period
| MSTY | IVVW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.25% | 3.05% | +10.20% |
Volatility (6M)Calculated over the trailing 6-month period | 52.14% | 7.34% | +44.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.93% | 8.58% | +56.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.85% | 12.57% | +59.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.85% | 12.57% | +59.28% |
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 248.73%, more than IVVW's 18.82% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IVVW iShares S&P 500 BuyWrite ETF | 18.82% | 18.55% | 13.72% |
MSTY YieldMax™ MSTR Option Income Strategy ETF | 248.73% | 294.61% | 104.56% |
Frequently Asked Questions
MSTY and IVVW have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTY has higher volatility (13.25%) compared to IVVW (3.05%). In terms of maximum drawdown, MSTY dropped -77.40% vs IVVW's -16.79%.
On 1-year performance, IVVW leads with 19.78% vs -68.04% for MSTY. On fees, IVVW is cheaper at 0.25% per year. On volatility, IVVW has been the lower-risk option at 3.05%. 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 19.78% return vs -68.04%. 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 248.73%, compared with 18.82% 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 (2.32 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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