YETH vs. MSTY

Last updated Apr 1, 2026

Compare and contrast key facts about Roundhill Ether Covered Call Strategy ETF (YETH) and YieldMax™ MSTR Option Income Strategy ETF (MSTY).

YETH and MSTY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YETH is an actively managed fund by Roundhill. It was launched on Sep 4, 2024. MSTY is an actively managed fund by YieldMax. It was launched on Feb 21, 2024.

Performance

YETH vs. MSTY - Performance Comparison

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

YETH vs. MSTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YETH Roundhill Ether Covered Call Strategy ETF	-23.62%	-32.10%	24.84%
MSTY YieldMax™ MSTR Option Income Strategy ETF	-13.58%	-42.71%	82.68%

Returns By Period

In the year-to-date period, YETH achieves a -23.62% return, which is significantly lower than MSTY's -13.58% return.

YETH

• 1D: 3.26%
• 1M: 13.40%
• YTD: -23.62%
• 6M: -40.17%
• 1Y: -16.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSTY

• 1D: 2.45%
• 1M: -1.67%
• YTD: -13.58%
• 6M: -54.23%
• 1Y: -48.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YETH vs. MSTY - Expense Ratio Comparison

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

MSTY

YieldMax™ MSTR Option Income Strategy ETF

YETH

Roundhill Ether Covered Call Strategy ETF

Return for Risk

YETH vs. MSTY — Risk / Return Rank

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

YETH

YETH Risk / Return Rank: 8
YETH Sharpe Ratio Rank: 7
YETH Sortino Ratio Rank: 10
YETH Omega Ratio Rank: 10
YETH Calmar Ratio Rank: 7
YETH Martin Ratio Rank: 6

MSTY

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

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.

YETH vs. MSTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Ether Covered Call Strategy ETF (YETH) 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.

	YETH	MSTY	Difference
Sharpe ratio Return per unit of total volatility	-0.28	-0.77	+0.48
Sortino ratio Return per unit of downside risk	-0.01	-1.05	+1.03
Omega ratio Gain probability vs. loss probability	1.00	0.88	+0.12
Calmar ratio Return relative to maximum drawdown	-0.34	-0.68	+0.34
Martin ratio Return relative to average drawdown	-0.75	-1.22	+0.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YETH vs. MSTY - Sharpe Ratio Comparison

The current YETH Sharpe Ratio is -0.28, which is higher than the MSTY Sharpe Ratio of -0.77. The chart below compares the historical Sharpe Ratios of YETH and MSTY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	YETH	MSTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.28	-0.77	+0.48
Sharpe Ratio (All Time) Calculated using the full available price history	-0.43	0.29	-0.71

Correlation

The correlation between YETH and MSTY is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

YETH vs. MSTY - Dividend Comparison

YETH's dividend yield for the trailing twelve months is around 125.11%, less than MSTY's 298.73% yield.

	TTM	2025	2024
YETH Roundhill Ether Covered Call Strategy ETF	125.11%	109.12%	20.52%
MSTY YieldMax™ MSTR Option Income Strategy ETF	298.73%	294.61%	104.56%

Drawdowns

YETH vs. MSTY - Drawdown Comparison

The maximum YETH drawdown since its inception was -61.73%, smaller than the maximum MSTY drawdown of -71.79%. Use the drawdown chart below to compare losses from any high point for YETH and MSTY.

Drawdown Indicators

	YETH	MSTY	Difference
Max Drawdown Largest peak-to-trough decline	-61.73%	-71.79%	+10.06%
Max Drawdown (1Y) Largest decline over 1 year	-55.63%	-71.79%	+16.16%
Current Drawdown Current decline from peak	-53.34%	-66.02%	+12.68%
Average Drawdown Average peak-to-trough decline	-28.70%	-23.37%	-5.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.43%	40.02%	-14.59%

Volatility

YETH vs. MSTY - Volatility Comparison

The current volatility for Roundhill Ether Covered Call Strategy ETF (YETH) is 11.57%, while YieldMax™ MSTR Option Income Strategy ETF (MSTY) has a volatility of 14.90%. This indicates that YETH 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

	YETH	MSTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.57%	14.90%	-3.33%
Volatility (6M) Calculated over the trailing 6-month period	45.83%	48.86%	-3.03%
Volatility (1Y) Calculated over the trailing 1-year period	59.74%	63.88%	-4.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.13%	72.67%	-15.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.13%	72.67%	-15.54%