YBMN vs. MSTY

Last updated Jul 17, 2026

YBMN (Defiance BMNR Option Income ETF) and MSTY (YieldMax™ MSTR Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Their correlation of 0.80 suggests significant overlap in exposure. YBMN charges 0.85%/yr vs 0.99%/yr for MSTY.

Performance

YBMN vs. MSTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance BMNR Option Income ETF (YBMN) 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, YBMN achieves a -31.09% return, which is significantly higher than MSTY's -34.11% return.

YBMN

• 1D: -1.45%
• 1M: -2.41%
• 6M: -40.29%
• YTD: -31.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSTY

• 1D: -2.79%
• 1M: -21.10%
• 6M: -40.36%
• YTD: -34.11%
• 1Y: -74.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YBMN vs. MSTY - Yearly Performance Comparison

	2026 (YTD)	2025
YBMN Defiance BMNR Option Income ETF	-31.09%	-6.74%
MSTY YieldMax™ MSTR Option Income Strategy ETF	-34.11%	-10.61%

Correlation

The correlation between YBMN and MSTY is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025	0.80

Return for Risk

YBMN vs. MSTY — Risk / Return Rank

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

YBMN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

YBMN vs. MSTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance BMNR Option Income ETF (YBMN) 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.

	YBMN	MSTY	Difference
Sharpe ratio: Return per unit of total volatility	—	-1.15	—
Sortino ratio: Return per unit of downside risk	—	-2.37	—
Omega ratio: Gain probability vs. loss probability	—	0.75	—
Calmar ratio: Return relative to maximum drawdown	—	-0.96	—
Martin ratio: Return relative to average drawdown	—	-1.40	—

Drawdowns

YBMN vs. MSTY - Drawdown Comparison

The maximum YBMN drawdown since its inception was -57.03%, smaller than the maximum MSTY drawdown of -77.40%. Use the drawdown chart below to compare losses from any high point for YBMN and MSTY.

Drawdown Indicators

	YBMN	MSTY	Difference
Max Drawdown Largest peak-to-trough decline	-57.03%	-77.40%	+20.37%
Max Drawdown (1Y) Largest decline over 1 year	—	-77.37%	—
Current Drawdown Current decline from peak	-49.68%	-74.10%	+24.42%
Average Drawdown Average peak-to-trough decline	-34.44%	-28.24%	-6.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	52.80%	—

Volatility

Volatility by Period

	YBMN	MSTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	23.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	52.77%	—
Volatility (1Y) Calculated over the trailing 1-year period	78.73%	64.70%	+14.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	78.73%	72.23%	+6.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	78.73%	72.23%	+6.50%

YBMN vs. MSTY - Expense Ratio Comparison

YBMN has a 0.85% expense ratio, which is lower than MSTY's 0.99% expense ratio.

Dividends

YBMN vs. MSTY - Dividend Comparison

YBMN's dividend yield for the trailing twelve months is around 58.27%, less than MSTY's 289.23% yield.

Position	TTM	2025	2024
MSTY YieldMax™ MSTR Option Income Strategy ETF	289.23%	294.61%	104.56%
YBMN Defiance BMNR Option Income ETF	58.27%	6.80%	0.00%

Frequently Asked Questions

Can I hold both YBMN and MSTY in my portfolio?

YBMN and MSTY have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, YBMN or MSTY?

On fees, YBMN is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, YBMN or MSTY?

YBMN is cheaper with a 0.85% expense ratio, compared with 0.99% for MSTY.

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

MSTY has the higher dividend yield at 289.23%, compared with 58.27% for YBMN.

What is the main difference between YBMN and MSTY?

They also come from different issuers: Defiance and YieldMax. Their fees differ too: 0.85% for YBMN and 0.99% for MSTY.