SMMIX vs. MSTY
SMMIX (Invesco Summit Fund) and MSTY (YieldMax™ MSTR Option Income Strategy ETF) are both funds - SMMIX is a Large Cap Growth Equities fund managed by Invesco, while MSTY is a Derivative Income fund actively managed by YieldMax. Over the past year, SMMIX returned 11.84% vs -73.07% for MSTY. At a 0.46 correlation, their price movements are largely independent. SMMIX charges 0.84%/yr vs 0.99%/yr for MSTY.
Performance
SMMIX vs. MSTY - Performance Comparison
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Returns By Period
In the year-to-date period, SMMIX achieves a 4.94% return, which is significantly higher than MSTY's -32.32% return.
SMMIX
- 1D
- -2.14%
- 1M
- -0.26%
- 6M
- 2.51%
- YTD
- 4.94%
- 1Y
- 11.84%
- 3Y*
- 18.04%
- 5Y*
- 6.99%
- 10Y*
- 14.91%
MSTY
- 1D
- 5.01%
- 1M
- -19.42%
- 6M
- -39.20%
- YTD
- -32.32%
- 1Y
- -73.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMMIX vs. MSTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SMMIX Invesco Summit Fund | 4.94% | 11.08% | 24.77% |
MSTY YieldMax™ MSTR Option Income Strategy ETF | -32.32% | -42.71% | 212.16% |
Correlation
The correlation between SMMIX and MSTY is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2024 | 0.46 |
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Return for Risk
SMMIX vs. MSTY — Risk / Return Rank
SMMIX
MSTY
SMMIX vs. MSTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Summit Fund (SMMIX) 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.
| SMMIX | MSTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.69 | ||
| Sortino ratioReturn per unit of downside risk | +3.18 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.75 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | -0.95 | +1.57 |
| Martin ratioReturn relative to average drawdown | 1.81 | -1.39 | +3.21 |
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Drawdowns
SMMIX vs. MSTY - Drawdown Comparison
The maximum SMMIX drawdown since its inception was -69.64%, smaller than the maximum MSTY drawdown of -77.40%. Use the drawdown chart below to compare losses from any high point for SMMIX and MSTY.
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Drawdown Indicators
| SMMIX | MSTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.64% | -77.40% | +7.76% |
Max Drawdown (1Y)Largest decline over 1 year | -19.95% | -77.40% | +57.45% |
Max Drawdown (3Y)Largest decline over 3 years | -28.51% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -40.62% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.62% | — | — |
Current DrawdownCurrent decline from peak | -4.31% | -73.39% | +69.08% |
Average DrawdownAverage peak-to-trough decline | -19.22% | -28.09% | +8.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.84% | 52.39% | -45.55% |
Volatility
SMMIX vs. MSTY - Volatility Comparison
The current volatility for Invesco Summit Fund (SMMIX) is 9.55%, while YieldMax™ MSTR Option Income Strategy ETF (MSTY) has a volatility of 24.03%. This indicates that SMMIX 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.
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Volatility by Period
| SMMIX | MSTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.55% | 24.03% | -14.48% |
Volatility (6M)Calculated over the trailing 6-month period | 18.04% | 53.10% | -35.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.49% | 64.71% | -42.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.48% | 72.33% | -47.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.08% | 72.33% | -49.25% |
SMMIX vs. MSTY - Expense Ratio Comparison
SMMIX has a 0.84% expense ratio, which is lower than MSTY's 0.99% expense ratio.
Dividends
SMMIX vs. MSTY - Dividend Comparison
SMMIX's dividend yield for the trailing twelve months is around 14.08%, less than MSTY's 275.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSTY YieldMax™ MSTR Option Income Strategy ETF | 275.62% | 294.61% | 104.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMMIX Invesco Summit Fund | 14.08% | 14.78% | 2.01% | 0.00% | 10.02% | 20.10% | 6.46% | 8.44% | 12.16% | 3.77% | 6.28% | 6.88% |
Frequently Asked Questions
SMMIX and MSTY have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTY has higher volatility (24.03%) compared to SMMIX (9.55%). In terms of maximum drawdown, SMMIX dropped -69.64% vs MSTY's -77.40%.
SMMIX currently has the higher Sharpe Ratio (0.55 vs -1.13), 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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