MSTY vs. MSTX
Compare and contrast key facts about YieldMax™ MSTR Option Income Strategy ETF (MSTY) and Defiance Daily Target 2X Long MSTR ETF (MSTX).
MSTY and MSTX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MSTY is an actively managed fund by YieldMax. It was launched on Feb 21, 2024. MSTX is an actively managed fund by Defiance. It was launched on Aug 14, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MSTY or MSTX.
Correlation
The correlation between MSTY and MSTX is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MSTY vs. MSTX - Performance Comparison
Key characteristics
MSTY:
74.51%
MSTX:
199.79%
MSTY:
-40.82%
MSTX:
-84.59%
MSTY:
-29.80%
MSTX:
-79.37%
Returns By Period
In the year-to-date period, MSTY achieves a -3.14% return, which is significantly higher than MSTX's -26.66% return.
MSTY
-3.14%
8.48%
43.70%
43.34%
N/A
N/A
MSTX
-26.66%
10.02%
22.18%
N/A
N/A
N/A
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MSTY vs. MSTX - Expense Ratio Comparison
MSTY has a 0.99% expense ratio, which is lower than MSTX's 1.29% expense ratio.
Risk-Adjusted Performance
MSTY vs. MSTX — Risk-Adjusted Performance Rank
MSTY
MSTX
MSTY vs. MSTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax™ MSTR Option Income Strategy ETF (MSTY) and Defiance Daily Target 2X Long MSTR ETF (MSTX). 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.
Not enough dataDividends
MSTY vs. MSTX - Dividend Comparison
MSTY's dividend yield for the trailing twelve months is around 163.25%, more than MSTX's 55.92% yield.
| TTM | 2024 | |
|---|---|---|
MSTY YieldMax™ MSTR Option Income Strategy ETF | 163.25% | 104.56% |
MSTX Defiance Daily Target 2X Long MSTR ETF | 55.92% | 41.01% |
Drawdowns
MSTY vs. MSTX - Drawdown Comparison
The maximum MSTY drawdown since its inception was -40.82%, smaller than the maximum MSTX drawdown of -84.59%. Use the drawdown chart below to compare losses from any high point for MSTY and MSTX. For additional features, visit the drawdowns tool.
Volatility
MSTY vs. MSTX - Volatility Comparison
The current volatility for YieldMax™ MSTR Option Income Strategy ETF (MSTY) is 28.19%, while Defiance Daily Target 2X Long MSTR ETF (MSTX) has a volatility of 68.93%. This indicates that MSTY experiences smaller price fluctuations and is considered to be less risky than MSTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.