MSTY vs. MSTW

Last updated Jun 4, 2026

MSTY (YieldMax™ MSTR Option Income Strategy ETF) and MSTW (Roundhill MSTR WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. With a 0.99 correlation, they move nearly in lockstep. 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 -14.73% return, which is significantly higher than MSTW's -23.56% return.

MSTY

• 1D: -6.76%
• 1M: -28.46%
• YTD: -14.73%
• 6M: -26.86%
• 1Y: -61.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSTW

• 1D: -8.54%
• 1M: -36.78%
• YTD: -23.56%
• 6M: -41.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSTY vs. MSTW - Yearly Performance Comparison

	2026 (YTD)	2025
MSTY YieldMax™ MSTR Option Income Strategy ETF	-14.73%	-57.73%
MSTW Roundhill MSTR WeeklyPay ETF	-23.56%	-71.42%

Correlation

The correlation between MSTY and MSTW is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.99

Return for Risk

MSTY vs. MSTW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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: 2
MSTY Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	MSTY	MSTW	Difference
Sharpe ratio: Return per unit of total volatility	-1.02	—	—
Sortino ratio: Return per unit of downside risk	-1.73	—	—
Omega ratio: Gain probability vs. loss probability	0.81	—	—
Calmar ratio: Return relative to maximum drawdown	-0.86	—	—
Martin ratio: Return relative to average drawdown	-1.31	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MSTY	MSTW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.02	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	-0.94	+1.19

Drawdowns

MSTY vs. MSTW - Drawdown Comparison

The maximum MSTY drawdown since its inception was -71.79%, smaller than the maximum MSTW drawdown of -81.85%. 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	-71.79%	-81.85%	+10.06%
Max Drawdown (1Y) Largest decline over 1 year	-71.79%	—	—
Current Drawdown Current decline from peak	-66.48%	-78.15%	+11.67%
Average Drawdown Average peak-to-trough decline	-26.09%	-54.49%	+28.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.87%	—	—

Volatility

Volatility by Period

	MSTY	MSTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.01%	—	—
Volatility (6M) Calculated over the trailing 6-month period	48.79%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	60.44%	89.01%	-28.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.92%	89.01%	-17.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.92%	89.01%	-17.09%

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 269.45%, more than MSTW's 239.64% yield.

Position	TTM	2025	2024
MSTW Roundhill MSTR WeeklyPay ETF	239.64%	106.94%	0.00%
MSTY YieldMax™ MSTR Option Income Strategy ETF	269.45%	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 ETF is better, MSTY or MSTW?

Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

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?

MSTY has the higher dividend yield at 269.45%, compared with 239.64% for MSTW.

What is the main difference between MSTY and MSTW?

They also come from different issuers: YieldMax and Roundhill.