MSTY vs. MSTW

Last updated Aug 4, 2026

MSTY (YieldMax™ MSTR Option Income Strategy ETF) and MSTW (Roundhill MSTR WeeklyPay™ ETF) are both Derivative Income funds. Both are actively managed. Over the past year, MSTY returned -68.04% vs -82.82% for MSTW. Their 0.99 correlation means they have historically moved very closely together. Both charge a 0.99% expense ratio.

Performance

MSTY vs. MSTW - Performance Comparison

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

Returns By Period

In the year-to-date period, MSTY achieves a -32.53% return, which is significantly higher than MSTW's -48.21% return.

MSTY

• 1D: 1.13%
• 1M: -1.52%
• 6M: -27.05%
• YTD: -32.53%
• 1Y: -68.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.99%

MSTW

• 1D: 1.76%
• 1M: -7.73%
• 6M: -42.22%
• YTD: -48.21%
• 1Y: -82.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -84.44%

*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)
MSTW Roundhill MSTR WeeklyPay™ ETF	$1.30M	$1.35M	$2.96M
MSTY YieldMax™ MSTR Option Income Strategy ETF	$12.83M	$13.14M	$28.03M

MSTY vs. MSTW - Yearly Performance Comparison

	2026 (YTD)	2025
MSTY YieldMax™ MSTR Option Income Strategy ETF	-32.53%	-57.51%
MSTW Roundhill MSTR WeeklyPay™ ETF	-48.21%	-71.40%

Correlation

The correlation between MSTY and MSTW is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.99
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.99

The correlation between MSTY and MSTW has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

Return for Risk

MSTY vs. MSTW — 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

MSTW

MSTW Risk / Return Rank: 1
MSTW Sharpe Ratio Rank: 2
MSTW Sortino Ratio Rank: 0
MSTW Omega Ratio Rank: 1
MSTW Calmar Ratio Rank: 1
MSTW Martin Ratio Rank: 2

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. MSTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax™ MSTR Option Income Strategy ETF (MSTY) and Roundhill MSTR WeeklyPay™ ETF (MSTW). 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	MSTW	Difference
Sharpe ratio: Return per unit of total volatility	-1.05	-0.92	-0.14
Sortino ratio: Return per unit of downside risk	-1.96	-2.11	+0.15
Omega ratio: Gain probability vs. loss probability	0.79	0.78	+0.01
Calmar ratio: Return relative to maximum drawdown	-0.91	-0.96	+0.05
Martin ratio: Return relative to average drawdown	-1.34	-1.31	-0.03

MSTY vs. MSTW - Sharpe Ratio Comparison

The current MSTY Sharpe Ratio is -1.05, which is comparable to the MSTW Sharpe Ratio of -0.92. The chart below compares the historical Sharpe Ratios of MSTY and MSTW, 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. MSTW - Drawdown Comparison

The maximum MSTY drawdown since its inception was -77.40%, smaller than the maximum MSTW drawdown of -87.29%. Use the drawdown chart below to compare losses from any high point for MSTY and MSTW.

Drawdown Indicators

	MSTY	MSTW	Difference
Max Drawdown Largest peak-to-trough decline	-77.40%	-87.29%	+9.89%
Max Drawdown (1Y) Largest decline over 1 year	-74.91%	-86.75%	+11.84%
Current Drawdown Current decline from peak	-73.47%	-85.20%	+11.73%
Average Drawdown Average peak-to-trough decline	-29.12%	-58.88%	+29.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	50.95%	63.23%	-12.28%

Volatility

MSTY vs. MSTW - Volatility Comparison

The current volatility for YieldMax™ MSTR Option Income Strategy ETF (MSTY) is 13.25%, while Roundhill MSTR WeeklyPay™ ETF (MSTW) has a volatility of 19.65%. This indicates that MSTY experiences smaller price fluctuations and is considered to be less risky than MSTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSTY	MSTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.25%	19.65%	-6.40%
Volatility (6M) Calculated over the trailing 6-month period	52.14%	73.26%	-21.12%
Volatility (1Y) Calculated over the trailing 1-year period	64.93%	90.82%	-25.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.85%	90.22%	-18.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.85%	90.22%	-18.37%

MSTY vs. MSTW - Expense Ratio Comparison

Both MSTY and MSTW have an expense ratio of 0.99%.

Dividends

MSTY vs. MSTW - Dividend Comparison

MSTY's dividend yield for the trailing twelve months is around 248.73%, less than MSTW's 422.61% yield.

Position	TTM	2025	2024
MSTW Roundhill MSTR WeeklyPay™ ETF	422.61%	106.94%	0.00%
MSTY YieldMax™ MSTR Option Income Strategy ETF	248.73%	294.61%	104.56%

Frequently Asked Questions

Can I hold both MSTY and MSTW in my portfolio?

With a correlation of 0.99, MSTY and MSTW move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, MSTY or MSTW?

MSTW has higher volatility (19.65%) compared to MSTY (13.25%). In terms of maximum drawdown, MSTY dropped -77.40% vs MSTW's -87.29%.

Which ETF is better, MSTY or MSTW?

On 1-year performance, MSTY leads with -68.04% vs -82.82% for MSTW. Both ETFs have the same 0.99% expense ratio. On volatility, MSTY has been the lower-risk option at 13.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSTY or MSTW?

Over the 1-year period, MSTY has performed better with a -68.04% return vs -82.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSTY or MSTW?

MSTY and MSTW have the same expense ratio: 0.99% per year.

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

MSTW has the higher dividend yield at 422.61%, compared with 248.73% for MSTY.

What is the main difference between MSTY and MSTW?

They also come from different issuers: YieldMax and Roundhill.

Which has better risk-adjusted returns?

MSTW currently has the higher Sharpe Ratio (-0.92 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.