SIVR vs. MSTY

Last updated Jun 16, 2026

SIVR (abrdn Physical Silver Shares ETF) and MSTY (YieldMax™ MSTR Option Income Strategy ETF) are both exchange-traded funds - SIVR is a Silver fund tracking the LBMA Silver Price ($/ozt), while MSTY is a Derivative Income fund actively managed by YieldMax. SIVR is passively managed, while MSTY is actively managed. Over the past year, SIVR returned 92.86% vs -60.49% for MSTY. At a 0.21 correlation, their price movements are largely independent. SIVR charges 0.30%/yr vs 0.99%/yr for MSTY.

Performance

SIVR vs. MSTY - Performance Comparison

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

Returns By Period

In the year-to-date period, SIVR achieves a -1.40% return, which is significantly higher than MSTY's -12.23% return.

SIVR

• 1D: 3.51%
• 1M: -8.06%
• YTD: -1.40%
• 6M: 9.35%
• 1Y: 92.86%
• 3Y*: 42.25%
• 5Y*: 20.46%
• 10Y*: 14.57%

MSTY

• 1D: 4.50%
• 1M: -23.91%
• YTD: -12.23%
• 6M: -15.80%
• 1Y: -60.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SIVR vs. MSTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SIVR abrdn Physical Silver Shares ETF	-1.40%	145.34%	25.66%
MSTY YieldMax™ MSTR Option Income Strategy ETF	-12.23%	-42.71%	212.16%

Correlation

The correlation between SIVR and MSTY is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (All Time) Calculated using the full available price history since Feb 22, 2024	0.21

Return for Risk

SIVR vs. MSTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SIVR

SIVR Risk / Return Rank: 44
SIVR Sharpe Ratio Rank: 50
SIVR Sortino Ratio Rank: 39
SIVR Omega Ratio Rank: 54
SIVR Calmar Ratio Rank: 45
SIVR Martin Ratio Rank: 33

MSTY

MSTY Risk / Return Rank: 2
MSTY Sharpe Ratio Rank: 1
MSTY Sortino Ratio Rank: 1
MSTY Omega Ratio Rank: 1
MSTY Calmar Ratio Rank: 2
MSTY Martin Ratio Rank: 3

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.

SIVR vs. MSTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Silver Shares ETF (SIVR) and YieldMax™ MSTR Option Income Strategy ETF (MSTY). 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.

	SIVR	MSTY	Difference
Sharpe ratio: Return per unit of total volatility	1.56	-0.99	+2.55
Sortino ratio: Return per unit of downside risk	1.85	-1.64	+3.48
Omega ratio: Gain probability vs. loss probability	1.31	0.82	+0.49
Calmar ratio: Return relative to maximum drawdown	2.06	-0.84	+2.90
Martin ratio: Return relative to average drawdown	4.44	-1.25	+5.69

SIVR vs. MSTY - Sharpe Ratio Comparison

The current SIVR Sharpe Ratio is 1.56, which is higher than the MSTY Sharpe Ratio of -0.99. The chart below compares the historical Sharpe Ratios of SIVR and MSTY, 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

SIVR vs. MSTY - Drawdown Comparison

The maximum SIVR drawdown since its inception was -75.85%, which is greater than MSTY's maximum drawdown of -71.79%. Use the drawdown chart below to compare losses from any high point for SIVR and MSTY.

Drawdown Indicators

	SIVR	MSTY	Difference
Max Drawdown Largest peak-to-trough decline	-75.85%	-71.79%	-4.06%
Max Drawdown (1Y) Largest decline over 1 year	-45.33%	-71.79%	+26.46%
Max Drawdown (3Y) Largest decline over 3 years	-45.33%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-45.33%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.33%	—	—
Current Drawdown Current decline from peak	-39.85%	-65.49%	+25.64%
Average Drawdown Average peak-to-trough decline	-47.83%	-26.61%	-21.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.00%	48.38%	-27.38%

Volatility

SIVR vs. MSTY - Volatility Comparison

The current volatility for abrdn Physical Silver Shares ETF (SIVR) is 16.52%, while YieldMax™ MSTR Option Income Strategy ETF (MSTY) has a volatility of 19.30%. This indicates that SIVR experiences smaller price fluctuations and is considered to be less risky than MSTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SIVR	MSTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.52%	19.30%	-2.78%
Volatility (6M) Calculated over the trailing 6-month period	59.14%	49.85%	+9.29%
Volatility (1Y) Calculated over the trailing 1-year period	59.96%	61.63%	-1.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.53%	71.87%	-35.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.05%	71.87%	-39.82%

SIVR vs. MSTY - Expense Ratio Comparison

SIVR has a 0.30% expense ratio, which is lower than MSTY's 0.99% expense ratio.

Dividends

SIVR vs. MSTY - Dividend Comparison

SIVR has not paid dividends to shareholders, while MSTY's dividend yield for the trailing twelve months is around 230.78%.

Position	TTM	2025	2024
MSTY YieldMax™ MSTR Option Income Strategy ETF	230.78%	294.61%	104.56%
SIVR abrdn Physical Silver Shares ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SIVR and MSTY in my portfolio?

SIVR and MSTY have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SIVR or MSTY?

MSTY has higher volatility (19.30%) compared to SIVR (16.52%). In terms of maximum drawdown, SIVR dropped -75.85% vs MSTY's -71.79%.

Which ETF is better, SIVR or MSTY?

On 1-year performance, SIVR leads with 92.86% vs -60.49% for MSTY. On fees, SIVR is cheaper at 0.30% per year. On volatility, SIVR has been the lower-risk option at 16.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SIVR or MSTY?

Over the 1-year period, SIVR has performed better with a 92.86% return vs -60.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SIVR or MSTY?

SIVR is cheaper with a 0.30% expense ratio, compared with 0.99% for MSTY.

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

MSTY has the higher dividend yield at 230.78%, compared with 0.00% for SIVR.

What is the main difference between SIVR and MSTY?

SIVR is categorized as Silver, while MSTY is Derivative Income. They also come from different issuers: abrdn and YieldMax. Their fees differ too: 0.30% for SIVR and 0.99% for MSTY.

Which has better risk-adjusted returns?

SIVR currently has the higher Sharpe Ratio (1.56 vs -0.99), 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.