SURI vs. MSTY
SURI (Simplify Propel Opportunities ETF) and MSTY (YieldMax™ MSTR Option Income Strategy ETF) are both exchange-traded funds - SURI is a Health & Biotech Equities fund actively managed by Simplify, while MSTY is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, SURI returned 32.89% vs -61.25% for MSTY. At a 0.32 correlation, their price movements are largely independent. SURI charges 2.51%/yr vs 0.99%/yr for MSTY.
Performance
SURI vs. MSTY - Performance Comparison
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Returns By Period
In the year-to-date period, SURI achieves a 6.10% return, which is significantly higher than MSTY's -14.73% return.
SURI
- 1D
- -1.15%
- 1M
- -2.84%
- YTD
- 6.10%
- 6M
- 3.98%
- 1Y
- 32.89%
- 3Y*
- 6.93%
- 5Y*
- —
- 10Y*
- —
MSTY
- 1D
- -6.76%
- 1M
- -28.46%
- YTD
- -14.73%
- 6M
- -26.86%
- 1Y
- -61.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SURI vs. MSTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SURI Simplify Propel Opportunities ETF | 6.10% | 28.32% | -27.62% |
MSTY YieldMax™ MSTR Option Income Strategy ETF | -14.73% | -42.71% | 200.20% |
Correlation
The correlation between SURI and MSTY is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2024 | 0.32 |
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Return for Risk
SURI vs. MSTY — Risk / Return Rank
SURI
MSTY
SURI vs. MSTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Propel Opportunities ETF (SURI) 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.
| SURI | MSTY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.46 | -1.02 | +2.47 |
Sortino ratioReturn per unit of downside risk | 2.11 | -1.73 | +3.83 |
Omega ratioGain probability vs. loss probability | 1.26 | 0.81 | +0.45 |
Calmar ratioReturn relative to maximum drawdown | 2.81 | -0.86 | +3.66 |
Martin ratioReturn relative to average drawdown | 7.91 | -1.31 | +9.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SURI | MSTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | -1.02 | +2.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.26 | -0.11 |
Drawdowns
SURI vs. MSTY - Drawdown Comparison
The maximum SURI drawdown since its inception was -47.76%, smaller than the maximum MSTY drawdown of -71.79%. Use the drawdown chart below to compare losses from any high point for SURI and MSTY.
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Drawdown Indicators
| SURI | MSTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.76% | -71.79% | +24.03% |
Max Drawdown (1Y)Largest decline over 1 year | -11.78% | -71.79% | +60.01% |
Max Drawdown (3Y)Largest decline over 3 years | -47.76% | — | — |
Current DrawdownCurrent decline from peak | -17.46% | -66.48% | +49.02% |
Average DrawdownAverage peak-to-trough decline | -17.37% | -26.09% | +8.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 46.87% | -42.70% |
Volatility
SURI vs. MSTY - Volatility Comparison
The current volatility for Simplify Propel Opportunities ETF (SURI) is 5.89%, while YieldMax™ MSTR Option Income Strategy ETF (MSTY) has a volatility of 17.01%. This indicates that SURI 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
| SURI | MSTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 17.01% | -11.12% |
Volatility (6M)Calculated over the trailing 6-month period | 14.29% | 48.79% | -34.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.79% | 60.44% | -37.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.27% | 71.92% | -43.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.27% | 71.92% | -43.65% |
SURI vs. MSTY - Expense Ratio Comparison
SURI has a 2.51% expense ratio, which is higher than MSTY's 0.99% expense ratio.
Dividends
SURI vs. MSTY - Dividend Comparison
SURI's dividend yield for the trailing twelve months is around 16.04%, less than MSTY's 269.45% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MSTY YieldMax™ MSTR Option Income Strategy ETF | 269.45% | 294.61% | 104.56% | 0.00% |
SURI Simplify Propel Opportunities ETF | 16.04% | 16.31% | 21.41% | 14.71% |
Frequently Asked Questions
SURI and MSTY have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTY has higher volatility (17.01%) compared to SURI (5.89%). In terms of maximum drawdown, SURI dropped -47.76% vs MSTY's -71.79%.
On 1-year performance, SURI leads with 32.89% vs -61.25% for MSTY. On fees, MSTY is cheaper at 0.99% per year. On volatility, SURI has been the lower-risk option at 5.89%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SURI has performed better with a 32.89% return vs -61.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MSTY is cheaper with a 0.99% expense ratio, compared with 2.51% for SURI.
MSTY has the higher dividend yield at 269.45%, compared with 16.04% for SURI.
SURI is categorized as Health & Biotech Equities, while MSTY is Derivative Income. They also come from different issuers: Simplify and YieldMax. Their fees differ too: 2.51% for SURI and 0.99% for MSTY.
SURI currently has the higher Sharpe Ratio (1.46 vs -1.02), 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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