SRHR vs. MSTY

Last updated Aug 2, 2026

SRHR (SRH REIT Covered Call ETF) and MSTY (YieldMax™ MSTR Option Income Strategy ETF) are both exchange-traded funds - SRHR is a REIT fund actively managed by SRH, while MSTY is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, SRHR returned 20.98% vs -68.40% for MSTY. Their 0.19 correlation means their historical movements had little consistent relationship. SRHR charges 0.75%/yr vs 0.99%/yr for MSTY.

Performance

SRHR vs. MSTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SRH REIT Covered Call ETF (SRHR) 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, SRHR achieves a 18.07% return, which is significantly higher than MSTY's -33.29% return.

SRHR

• 1D: -0.71%
• 1M: 0.49%
• 6M: 14.77%
• YTD: 18.07%
• 1Y: 20.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.35%

MSTY

• 1D: -2.60%
• 1M: -2.63%
• 6M: -31.98%
• YTD: -33.29%
• 1Y: -68.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.52%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MSTY YieldMax™ MSTR Option Income Strategy ETF	$12.71M	$13.42M	$28.94M
SRHR SRH REIT Covered Call ETF	$23.71K	$13.02K	$7.09K

SRHR vs. MSTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SRHR SRH REIT Covered Call ETF	18.07%	-0.91%	5.25%
MSTY YieldMax™ MSTR Option Income Strategy ETF	-33.29%	-42.71%	212.16%

Correlation

The correlation between SRHR and MSTY is 0.15, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.15
Correlation (All Time) Calculated using the full available price history since Feb 22, 2024	0.19

Return for Risk

SRHR vs. MSTY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SRHR

SRHR Risk / Return Rank: 65
SRHR Sharpe Ratio Rank: 66
SRHR Sortino Ratio Rank: 67
SRHR Omega Ratio Rank: 60
SRHR Calmar Ratio Rank: 69
SRHR Martin Ratio Rank: 63

MSTY

MSTY Risk / Return Rank: 1
MSTY Sharpe Ratio Rank: 1
MSTY Sortino Ratio Rank: 0
MSTY Omega Ratio Rank: 1
MSTY Calmar Ratio Rank: 1
MSTY Martin Ratio Rank: 1

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SRHR vs. MSTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SRH REIT Covered Call ETF (SRHR) 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.

	SRHR	MSTY	Difference
Sharpe ratio: Return per unit of total volatility	1.53	-1.09	+2.62
Sortino ratio: Return per unit of downside risk	2.20	-2.13	+4.33
Omega ratio: Gain probability vs. loss probability	1.26	0.77	+0.49
Calmar ratio: Return relative to maximum drawdown	2.44	-0.95	+3.39
Martin ratio: Return relative to average drawdown	7.56	-1.40	+8.96

SRHR vs. MSTY - Sharpe Ratio Comparison

The current SRHR Sharpe Ratio is 1.53, which is higher than the MSTY Sharpe Ratio of -1.09. The chart below compares the historical Sharpe Ratios of SRHR 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

SRHR vs. MSTY - Drawdown Comparison

The maximum SRHR drawdown since its inception was -18.68%, smaller than the maximum MSTY drawdown of -77.40%. Use the drawdown chart below to compare losses from any high point for SRHR and MSTY.

Drawdown Indicators

	SRHR	MSTY	Difference
Max Drawdown Largest peak-to-trough decline	-18.68%	-77.40%	+58.72%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-74.91%	+66.57%
Current Drawdown Current decline from peak	-2.06%	-73.77%	+71.71%
Average Drawdown Average peak-to-trough decline	-4.67%	-29.05%	+24.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.68%	50.99%	-48.31%

Volatility

SRHR vs. MSTY - Volatility Comparison

The current volatility for SRH REIT Covered Call ETF (SRHR) is 4.21%, while YieldMax™ MSTR Option Income Strategy ETF (MSTY) has a volatility of 14.46%. This indicates that SRHR 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

	SRHR	MSTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.21%	14.46%	-10.25%
Volatility (6M) Calculated over the trailing 6-month period	10.24%	52.28%	-42.04%
Volatility (1Y) Calculated over the trailing 1-year period	13.33%	65.31%	-51.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.75%	71.91%	-56.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.75%	71.91%	-56.16%

SRHR vs. MSTY - Expense Ratio Comparison

SRHR has a 0.75% expense ratio, which is lower than MSTY's 0.99% expense ratio.

Dividends

SRHR vs. MSTY - Dividend Comparison

SRHR's dividend yield for the trailing twelve months is around 6.07%, less than MSTY's 251.54% yield.

Position	TTM	2025	2024	2023
MSTY YieldMax™ MSTR Option Income Strategy ETF	251.54%	294.61%	104.56%	0.00%
SRHR SRH REIT Covered Call ETF	6.07%	7.07%	6.90%	0.95%

Frequently Asked Questions

Can I hold both SRHR and MSTY in my portfolio?

SRHR and MSTY have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SRHR or MSTY?

MSTY has higher volatility (14.46%) compared to SRHR (4.21%). In terms of maximum drawdown, SRHR dropped -18.68% vs MSTY's -77.40%.

Which ETF is better, SRHR or MSTY?

On 1-year performance, SRHR leads with 20.98% vs -68.40% for MSTY. On fees, SRHR is cheaper at 0.75% per year. On volatility, SRHR has been the lower-risk option at 4.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SRHR or MSTY?

Over the 1-year period, SRHR has performed better with a 20.98% return vs -68.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SRHR or MSTY?

SRHR is cheaper with a 0.75% expense ratio, compared with 0.99% for MSTY.

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

MSTY has the higher dividend yield at 251.54%, compared with 6.07% for SRHR.

What is the main difference between SRHR and MSTY?

SRHR is categorized as REIT, while MSTY is Derivative Income. They also come from different issuers: SRH and YieldMax. Their fees differ too: 0.75% for SRHR and 0.99% for MSTY.

Which has better risk-adjusted returns?

SRHR currently has the higher Sharpe Ratio (1.53 vs -1.09), 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.