SMMIX vs. MSTY

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco Summit Fund (SMMIX) and YieldMax™ MSTR Option Income Strategy ETF (MSTY).

SMMIX is managed by Invesco. It was launched on Nov 1, 1982. MSTY is an actively managed fund by YieldMax. It was launched on Feb 21, 2024.

Performance

SMMIX vs. MSTY - Performance Comparison

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

SMMIX vs. MSTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SMMIX Invesco Summit Fund	-13.57%	11.08%	20.28%
MSTY YieldMax™ MSTR Option Income Strategy ETF	-13.58%	-42.71%	200.20%

Returns By Period

The year-to-date returns for both stocks are quite close, with SMMIX having a -13.57% return and MSTY slightly lower at -13.58%.

SMMIX

• 1D: -1.55%
• 1M: -9.44%
• YTD: -13.57%
• 6M: -16.01%
• 1Y: 12.23%
• 3Y*: 16.44%
• 5Y*: 4.95%
• 10Y*: 13.24%

MSTY

• 1D: 2.45%
• 1M: -1.67%
• YTD: -13.58%
• 6M: -54.23%
• 1Y: -48.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SMMIX vs. MSTY - Expense Ratio Comparison

SMMIX has a 0.84% expense ratio, which is lower than MSTY's 0.99% expense ratio.

MSTY

YieldMax™ MSTR Option Income Strategy ETF

SMMIX

Invesco Summit Fund

Return for Risk

SMMIX vs. MSTY — Risk / Return Rank

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

SMMIX

SMMIX Risk / Return Rank: 17
SMMIX Sharpe Ratio Rank: 18
SMMIX Sortino Ratio Rank: 20
SMMIX Omega Ratio Rank: 19
SMMIX Calmar Ratio Rank: 13
SMMIX Martin Ratio Rank: 13

MSTY

MSTY Risk / Return Rank: 2
MSTY Sharpe Ratio Rank: 2
MSTY Sortino Ratio Rank: 2
MSTY Omega Ratio Rank: 2
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.

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.

	SMMIX	MSTY	Difference
Sharpe ratio Return per unit of total volatility	0.46	-0.77	+1.23
Sortino ratio Return per unit of downside risk	0.82	-1.05	+1.87
Omega ratio Gain probability vs. loss probability	1.11	0.88	+0.24
Calmar ratio Return relative to maximum drawdown	0.36	-0.68	+1.05
Martin ratio Return relative to average drawdown	1.12	-1.22	+2.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SMMIX vs. MSTY - Sharpe Ratio Comparison

The current SMMIX Sharpe Ratio is 0.46, which is higher than the MSTY Sharpe Ratio of -0.77. The chart below compares the historical Sharpe Ratios of SMMIX and MSTY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SMMIX	MSTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.46	-0.77	+1.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.29	+0.19

Correlation

The correlation between SMMIX and MSTY is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SMMIX vs. MSTY - Dividend Comparison

SMMIX's dividend yield for the trailing twelve months is around 17.10%, less than MSTY's 298.73% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SMMIX Invesco Summit Fund	17.10%	14.78%	2.01%	0.00%	10.02%	20.10%	6.46%	8.44%	12.16%	3.77%	6.28%	6.88%
MSTY YieldMax™ MSTR Option Income Strategy ETF	298.73%	294.61%	104.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

SMMIX vs. MSTY - Drawdown Comparison

The maximum SMMIX drawdown since its inception was -69.64%, roughly equal to the maximum MSTY drawdown of -71.79%. Use the drawdown chart below to compare losses from any high point for SMMIX and MSTY.

Drawdown Indicators

	SMMIX	MSTY	Difference
Max Drawdown Largest peak-to-trough decline	-69.64%	-71.79%	+2.15%
Max Drawdown (1Y) Largest decline over 1 year	-19.95%	-71.79%	+51.84%
Max Drawdown (5Y) Largest decline over 5 years	-40.62%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.62%	—	—
Current Drawdown Current decline from peak	-19.95%	-66.02%	+46.07%
Average Drawdown Average peak-to-trough decline	-19.33%	-23.37%	+4.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.49%	40.02%	-33.53%

Volatility

SMMIX vs. MSTY - Volatility Comparison

The current volatility for Invesco Summit Fund (SMMIX) is 7.16%, while YieldMax™ MSTR Option Income Strategy ETF (MSTY) has a volatility of 14.90%. 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.

Volatility by Period

	SMMIX	MSTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.16%	14.90%	-7.74%
Volatility (6M) Calculated over the trailing 6-month period	15.76%	48.86%	-33.10%
Volatility (1Y) Calculated over the trailing 1-year period	25.83%	63.88%	-38.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.93%	72.67%	-48.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.77%	72.67%	-49.90%