TSLW vs. MSTY

Last updated Jul 15, 2026

TSLW (Roundhill TSLA WeeklyPay™ ETF) and MSTY (YieldMax™ MSTR Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, TSLW returned 22.61% vs -73.07% for MSTY. At a 0.43 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

TSLW vs. MSTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill TSLA WeeklyPay™ ETF (TSLW) 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, TSLW achieves a -16.85% return, which is significantly higher than MSTY's -32.32% return.

TSLW

• 1D: 0.46%
• 1M: -3.40%
• 6M: -15.92%
• YTD: -16.85%
• 1Y: 22.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSTY

• 1D: 5.01%
• 1M: -19.42%
• 6M: -39.20%
• YTD: -32.32%
• 1Y: -73.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSLW vs. MSTY - Yearly Performance Comparison

	2026 (YTD)	2025
TSLW Roundhill TSLA WeeklyPay™ ETF	-16.85%	35.28%
MSTY YieldMax™ MSTR Option Income Strategy ETF	-32.32%	-52.68%

Correlation

The correlation between TSLW and MSTY is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jun 2, 2025	0.43

Return for Risk

TSLW vs. MSTY — Risk / Return Rank

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

TSLW

TSLW Risk / Return Rank: 18
TSLW Sharpe Ratio Rank: 17
TSLW Sortino Ratio Rank: 21
TSLW Omega Ratio Rank: 19
TSLW Calmar Ratio Rank: 19
TSLW Martin Ratio Rank: 17

MSTY

MSTY Risk / Return Rank: 1
MSTY Sharpe Ratio Rank: 1
MSTY Sortino Ratio Rank: 0
MSTY Omega Ratio Rank: 0
MSTY Calmar Ratio Rank: 1
MSTY Martin Ratio Rank: 2

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.

TSLW vs. MSTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill TSLA WeeklyPay™ ETF (TSLW) 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.

	TSLW	MSTY	Difference
Sharpe ratio: Return per unit of total volatility	0.42	-1.13	+1.56
Sortino ratio: Return per unit of downside risk	0.95	-2.30	+3.25
Omega ratio: Gain probability vs. loss probability	1.11	0.75	+0.35
Calmar ratio: Return relative to maximum drawdown	0.63	-0.95	+1.58
Martin ratio: Return relative to average drawdown	1.33	-1.39	+2.73

TSLW vs. MSTY - Sharpe Ratio Comparison

The current TSLW Sharpe Ratio is 0.42, which is higher than the MSTY Sharpe Ratio of -1.13. The chart below compares the historical Sharpe Ratios of TSLW 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

TSLW vs. MSTY - Drawdown Comparison

The maximum TSLW drawdown since its inception was -35.80%, smaller than the maximum MSTY drawdown of -77.40%. Use the drawdown chart below to compare losses from any high point for TSLW and MSTY.

Drawdown Indicators

	TSLW	MSTY	Difference
Max Drawdown Largest peak-to-trough decline	-35.80%	-77.40%	+41.60%
Max Drawdown (1Y) Largest decline over 1 year	-35.80%	-77.40%	+41.60%
Current Drawdown Current decline from peak	-25.06%	-73.39%	+48.33%
Average Drawdown Average peak-to-trough decline	-13.89%	-28.09%	+14.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.99%	52.39%	-35.40%

Volatility

TSLW vs. MSTY - Volatility Comparison

The current volatility for Roundhill TSLA WeeklyPay™ ETF (TSLW) is 20.06%, while YieldMax™ MSTR Option Income Strategy ETF (MSTY) has a volatility of 24.03%. This indicates that TSLW 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

	TSLW	MSTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.06%	24.03%	-3.97%
Volatility (6M) Calculated over the trailing 6-month period	37.31%	53.10%	-15.79%
Volatility (1Y) Calculated over the trailing 1-year period	53.52%	64.71%	-11.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.15%	72.33%	-15.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.15%	72.33%	-15.18%

TSLW vs. MSTY - Expense Ratio Comparison

Both TSLW and MSTY have an expense ratio of 0.99%.

Dividends

TSLW vs. MSTY - Dividend Comparison

TSLW's dividend yield for the trailing twelve months is around 90.75%, less than MSTY's 275.62% yield.

Position	TTM	2025	2024
MSTY YieldMax™ MSTR Option Income Strategy ETF	275.62%	294.61%	104.56%
TSLW Roundhill TSLA WeeklyPay™ ETF	90.75%	49.31%	0.00%

Frequently Asked Questions

Can I hold both TSLW and MSTY in my portfolio?

TSLW and MSTY have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSLW or MSTY?

MSTY has higher volatility (24.03%) compared to TSLW (20.06%). In terms of maximum drawdown, TSLW dropped -35.80% vs MSTY's -77.40%.

Which ETF is better, TSLW or MSTY?

On 1-year performance, TSLW leads with 22.61% vs -73.07% for MSTY. Both ETFs have the same 0.99% expense ratio. On volatility, TSLW has been the lower-risk option at 20.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLW or MSTY?

Over the 1-year period, TSLW has performed better with a 22.61% return vs -73.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLW or MSTY?

TSLW and MSTY have the same expense ratio: 0.99% per year.

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

MSTY has the higher dividend yield at 275.62%, compared with 90.75% for TSLW.

What is the main difference between TSLW and MSTY?

They also come from different issuers: Roundhill and YieldMax.

Which has better risk-adjusted returns?

TSLW currently has the higher Sharpe Ratio (0.42 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.