UXI vs. MSTY

Last updated Jun 4, 2026

UXI (ProShares Ultra Industrials) and MSTY (YieldMax™ MSTR Option Income Strategy ETF) are both exchange-traded funds - UXI is a Leveraged Equities fund tracking the Dow Jones U.S. Industrials Index (200%), while MSTY is a Derivative Income fund actively managed by YieldMax. UXI is passively managed, while MSTY is actively managed. Over the past year, UXI returned 38.90% vs -61.25% for MSTY. At a 0.35 correlation, their price movements are largely independent. UXI charges 0.95%/yr vs 0.99%/yr for MSTY.

Performance

UXI vs. MSTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Industrials (UXI) 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, UXI achieves a 21.82% return, which is significantly higher than MSTY's -14.73% return.

UXI

• 1D: 0.07%
• 1M: 3.06%
• YTD: 21.82%
• 6M: 23.67%
• 1Y: 38.90%
• 3Y*: 35.05%
• 5Y*: 11.54%
• 10Y*: 19.32%

MSTY

• 1D: -6.76%
• 1M: -28.46%
• YTD: -14.73%
• 6M: -26.86%
• 1Y: -61.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UXI vs. MSTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
UXI ProShares Ultra Industrials	21.82%	28.84%	16.12%
MSTY YieldMax™ MSTR Option Income Strategy ETF	-14.73%	-42.71%	200.20%

Correlation

The correlation between UXI and MSTY is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (All Time) Calculated using the full available price history since Feb 23, 2024	0.35

Return for Risk

UXI vs. MSTY — Risk / Return Rank

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

UXI

UXI Risk / Return Rank: 35
UXI Sharpe Ratio Rank: 35
UXI Sortino Ratio Rank: 35
UXI Omega Ratio Rank: 32
UXI Calmar Ratio Rank: 34
UXI Martin Ratio Rank: 38

MSTY

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

UXI vs. MSTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Industrials (UXI) 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.

	UXI	MSTY	Difference
Sharpe ratio: Return per unit of total volatility	1.27	-1.02	+2.28
Sortino ratio: Return per unit of downside risk	1.87	-1.73	+3.59
Omega ratio: Gain probability vs. loss probability	1.22	0.81	+0.41
Calmar ratio: Return relative to maximum drawdown	1.66	-0.86	+2.51
Martin ratio: Return relative to average drawdown	5.93	-1.31	+7.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UXI vs. MSTY - Sharpe Ratio Comparison

The current UXI Sharpe Ratio is 1.27, which is higher than the MSTY Sharpe Ratio of -1.02. The chart below compares the historical Sharpe Ratios of UXI 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.

Sharpe Ratios by Period

	UXI	MSTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.27	-1.02	+2.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.26	+0.03

Drawdowns

UXI vs. MSTY - Drawdown Comparison

The maximum UXI drawdown since its inception was -89.01%, which is greater than MSTY's maximum drawdown of -71.79%. Use the drawdown chart below to compare losses from any high point for UXI and MSTY.

Drawdown Indicators

	UXI	MSTY	Difference
Max Drawdown Largest peak-to-trough decline	-89.01%	-71.79%	-17.22%
Max Drawdown (1Y) Largest decline over 1 year	-23.59%	-71.79%	+48.20%
Max Drawdown (3Y) Largest decline over 3 years	-36.42%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-48.25%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-66.48%	—	—
Current Drawdown Current decline from peak	-7.08%	-66.48%	+59.40%
Average Drawdown Average peak-to-trough decline	-22.61%	-26.09%	+3.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.57%	46.87%	-40.30%

Volatility

UXI vs. MSTY - Volatility Comparison

The current volatility for ProShares Ultra Industrials (UXI) is 9.86%, while YieldMax™ MSTR Option Income Strategy ETF (MSTY) has a volatility of 17.01%. This indicates that UXI 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

	UXI	MSTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.86%	17.01%	-7.15%
Volatility (6M) Calculated over the trailing 6-month period	25.69%	48.79%	-23.10%
Volatility (1Y) Calculated over the trailing 1-year period	30.91%	60.44%	-29.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.90%	71.92%	-36.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.42%	71.92%	-32.50%

UXI vs. MSTY - Expense Ratio Comparison

UXI has a 0.95% expense ratio, which is lower than MSTY's 0.99% expense ratio.

Dividends

UXI vs. MSTY - Dividend Comparison

UXI's dividend yield for the trailing twelve months is around 0.67%, less than MSTY's 269.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MSTY YieldMax™ MSTR Option Income Strategy ETF	269.45%	294.61%	104.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UXI ProShares Ultra Industrials	0.67%	0.90%	0.18%	0.21%	0.24%	0.03%	0.29%	0.58%	0.37%	0.24%	0.38%	0.41%

Frequently Asked Questions

Can I hold both UXI and MSTY in my portfolio?

UXI and MSTY have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UXI or MSTY?

MSTY has higher volatility (17.01%) compared to UXI (9.86%). In terms of maximum drawdown, UXI dropped -89.01% vs MSTY's -71.79%.

Which ETF is better, UXI or MSTY?

On 1-year performance, UXI leads with 38.90% vs -61.25% for MSTY. On fees, UXI is cheaper at 0.95% per year. On volatility, UXI has been the lower-risk option at 9.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UXI or MSTY?

Over the 1-year period, UXI has performed better with a 38.90% return vs -61.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UXI or MSTY?

UXI is cheaper with a 0.95% expense ratio, compared with 0.99% for MSTY.

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

MSTY has the higher dividend yield at 269.45%, compared with 0.67% for UXI.

What is the main difference between UXI and MSTY?

UXI is categorized as Leveraged Equities, while MSTY is Derivative Income. They also come from different issuers: ProShares and YieldMax. Their fees differ too: 0.95% for UXI and 0.99% for MSTY.

Which has better risk-adjusted returns?

UXI currently has the higher Sharpe Ratio (1.27 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.