YBIT vs. MSTY

Last updated Jun 24, 2026

YBIT (YieldMax Bitcoin Option Income Strategy ETF) and MSTY (YieldMax™ MSTR Option Income Strategy ETF) are both exchange-traded funds - YBIT is a Cryptocurrency fund actively managed by YieldMax, while MSTY is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, YBIT returned -35.40% vs -66.58% for MSTY. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.99% expense ratio.

Performance

YBIT vs. MSTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Bitcoin Option Income Strategy ETF (YBIT) and YieldMax™ MSTR Option Income Strategy ETF (MSTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with YBIT having a -26.58% return and MSTY slightly lower at -27.80%.

YBIT

• 1D: -1.93%
• 1M: -14.55%
• YTD: -26.58%
• 6M: -26.68%
• 1Y: -35.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSTY

• 1D: -4.55%
• 1M: -31.74%
• YTD: -27.80%
• 6M: -29.80%
• 1Y: -66.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YBIT vs. MSTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YBIT YieldMax Bitcoin Option Income Strategy ETF	-26.58%	-2.49%	1.40%
MSTY YieldMax™ MSTR Option Income Strategy ETF	-27.80%	-42.71%	75.76%

Correlation

The correlation between YBIT and MSTY is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (All Time) Calculated using the full available price history since Apr 23, 2024	0.75

The correlation between YBIT and MSTY has been stable across timeframes, ranging from 0.75 to 0.84 - a consistent structural relationship.

Return for Risk

YBIT vs. MSTY — Risk / Return Rank

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

YBIT

YBIT Risk / Return Rank: 2
YBIT Sharpe Ratio Rank: 1
YBIT Sortino Ratio Rank: 2
YBIT Omega Ratio Rank: 2
YBIT Calmar Ratio Rank: 3
YBIT Martin Ratio Rank: 2

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: 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.

YBIT vs. MSTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Bitcoin Option Income Strategy ETF (YBIT) 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.

	YBIT	MSTY	Difference
Sharpe ratio: Return per unit of total volatility	-0.97	-1.08	+0.11
Sortino ratio: Return per unit of downside risk	-1.33	-1.96	+0.64
Omega ratio: Gain probability vs. loss probability	0.84	0.79	+0.06
Calmar ratio: Return relative to maximum drawdown	-0.75	-0.93	+0.18
Martin ratio: Return relative to average drawdown	-1.33	-1.35	+0.02

YBIT vs. MSTY - Sharpe Ratio Comparison

The current YBIT Sharpe Ratio is -0.97, which is comparable to the MSTY Sharpe Ratio of -1.08. The chart below compares the historical Sharpe Ratios of YBIT 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

YBIT vs. MSTY - Drawdown Comparison

The maximum YBIT drawdown since its inception was -47.30%, smaller than the maximum MSTY drawdown of -71.79%. Use the drawdown chart below to compare losses from any high point for YBIT and MSTY.

Drawdown Indicators

	YBIT	MSTY	Difference
Max Drawdown Largest peak-to-trough decline	-47.30%	-71.79%	+24.49%
Max Drawdown (1Y) Largest decline over 1 year	-47.30%	-71.79%	+24.49%
Current Drawdown Current decline from peak	-44.60%	-71.62%	+27.02%
Average Drawdown Average peak-to-trough decline	-15.80%	-26.97%	+11.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.71%	49.36%	-22.65%

Volatility

YBIT vs. MSTY - Volatility Comparison

The current volatility for YieldMax Bitcoin Option Income Strategy ETF (YBIT) is 11.25%, while YieldMax™ MSTR Option Income Strategy ETF (MSTY) has a volatility of 19.32%. This indicates that YBIT 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

	YBIT	MSTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.25%	19.32%	-8.07%
Volatility (6M) Calculated over the trailing 6-month period	29.41%	49.66%	-20.25%
Volatility (1Y) Calculated over the trailing 1-year period	36.69%	62.02%	-25.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.66%	71.82%	-33.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.66%	71.82%	-33.16%

YBIT vs. MSTY - Expense Ratio Comparison

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

Dividends

YBIT vs. MSTY - Dividend Comparison

YBIT's dividend yield for the trailing twelve months is around 100.08%, less than MSTY's 286.06% yield.

Position	TTM	2025	2024
MSTY YieldMax™ MSTR Option Income Strategy ETF	286.06%	294.61%	104.56%
YBIT YieldMax Bitcoin Option Income Strategy ETF	100.08%	88.33%	60.00%

Frequently Asked Questions

Can I hold both YBIT and MSTY in my portfolio?

YBIT and MSTY have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YBIT or MSTY?

MSTY has higher volatility (19.32%) compared to YBIT (11.25%). In terms of maximum drawdown, YBIT dropped -47.30% vs MSTY's -71.79%.

Which ETF is better, YBIT or MSTY?

On 1-year performance, YBIT leads with -35.40% vs -66.58% for MSTY. Both ETFs have the same 0.99% expense ratio. On volatility, YBIT has been the lower-risk option at 11.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YBIT or MSTY?

Over the 1-year period, YBIT has performed better with a -35.40% return vs -66.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YBIT or MSTY?

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

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

MSTY has the higher dividend yield at 286.06%, compared with 100.08% for YBIT.

What is the main difference between YBIT and MSTY?

YBIT is categorized as Cryptocurrency, while MSTY is Derivative Income.

Which has better risk-adjusted returns?

YBIT currently has the higher Sharpe Ratio (-0.97 vs -1.08), 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.