TOPW vs. MSTY
TOPW (Roundhill Top WeeklyPay ETF) and MSTY (YieldMax™ MSTR Option Income Strategy ETF) are both Derivative Income funds. TOPW is passively managed, while MSTY is actively managed. A 0.65 correlation means they provide meaningful diversification when combined. Both charge a 0.99% expense ratio.
Performance
TOPW vs. MSTY - Performance Comparison
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Returns By Period
In the year-to-date period, TOPW achieves a 2.53% return, which is significantly higher than MSTY's -14.65% return.
TOPW
- 1D
- 0.08%
- 1M
- -5.06%
- YTD
- 2.53%
- 6M
- -5.80%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTY
- 1D
- 4.76%
- 1M
- -29.07%
- YTD
- -14.65%
- 6M
- -26.17%
- 1Y
- -60.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TOPW vs. MSTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TOPW Roundhill Top WeeklyPay ETF | 2.53% | -2.47% |
MSTY YieldMax™ MSTR Option Income Strategy ETF | -14.65% | -48.09% |
Correlation
The correlation between TOPW and MSTY is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 5, 2025 | 0.65 |
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Return for Risk
TOPW vs. MSTY — Risk / Return Rank
TOPW
MSTY
TOPW vs. MSTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Top WeeklyPay ETF (TOPW) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| TOPW | MSTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -1.00 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 0.26 | -0.26 |
Drawdowns
TOPW vs. MSTY - Drawdown Comparison
The maximum TOPW drawdown since its inception was -29.87%, smaller than the maximum MSTY drawdown of -71.79%. Use the drawdown chart below to compare losses from any high point for TOPW and MSTY.
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Drawdown Indicators
| TOPW | MSTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.87% | -71.79% | +41.92% |
Max Drawdown (1Y)Largest decline over 1 year | — | -71.79% | — |
Current DrawdownCurrent decline from peak | -14.34% | -66.45% | +52.11% |
Average DrawdownAverage peak-to-trough decline | -12.88% | -26.30% | +13.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 47.43% | — |
Volatility
TOPW vs. MSTY - Volatility Comparison
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Volatility by Period
| TOPW | MSTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 18.89% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 49.13% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.60% | 60.99% | -33.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.60% | 71.94% | -44.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.60% | 71.94% | -44.34% |
TOPW vs. MSTY - Expense Ratio Comparison
Both TOPW and MSTY have an expense ratio of 0.99%.
Dividends
TOPW vs. MSTY - Dividend Comparison
TOPW's dividend yield for the trailing twelve months is around 42.36%, less than MSTY's 233.09% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MSTY YieldMax™ MSTR Option Income Strategy ETF | 233.09% | 294.61% | 104.56% |
TOPW Roundhill Top WeeklyPay ETF | 42.36% | 21.52% | 0.00% |
Frequently Asked Questions
TOPW and MSTY have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TOPW and MSTY have the same expense ratio: 0.99% per year.
MSTY has the higher dividend yield at 233.09%, compared with 42.36% for TOPW.
They also come from different issuers: Roundhill Investments and YieldMax.
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