YMAX vs. MSTW
YMAX (YieldMax Universe Fund of Option Income ETFs) and MSTW (Roundhill MSTR WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. A 0.70 correlation means they provide meaningful diversification when combined. YMAX charges 1.28%/yr vs 0.99%/yr for MSTW.
Performance
YMAX vs. MSTW - Performance Comparison
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Returns By Period
In the year-to-date period, YMAX achieves a 0.77% return, which is significantly higher than MSTW's -40.29% return.
YMAX
- 1D
- -2.10%
- 1M
- -2.26%
- YTD
- 0.77%
- 6M
- -1.20%
- 1Y
- 2.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTW
- 1D
- -5.77%
- 1M
- -41.43%
- YTD
- -40.29%
- 6M
- -43.01%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YMAX vs. MSTW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
YMAX YieldMax Universe Fund of Option Income ETFs | 0.77% | -6.67% |
MSTW Roundhill MSTR WeeklyPay ETF | -40.29% | -71.40% |
Correlation
The correlation between YMAX and MSTW is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025 | 0.70 |
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Return for Risk
YMAX vs. MSTW — Risk / Return Rank
YMAX
MSTW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
YMAX vs. MSTW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Universe Fund of Option Income ETFs (YMAX) and Roundhill MSTR WeeklyPay ETF (MSTW). 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.
| YMAX | MSTW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.04 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | — | — |
| Martin ratioReturn relative to average drawdown | 0.19 | — | — |
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Drawdowns
YMAX vs. MSTW - Drawdown Comparison
The maximum YMAX drawdown since its inception was -26.13%, smaller than the maximum MSTW drawdown of -82.94%. Use the drawdown chart below to compare losses from any high point for YMAX and MSTW.
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Drawdown Indicators
| YMAX | MSTW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.13% | -82.94% | +56.81% |
Max Drawdown (1Y)Largest decline over 1 year | -26.13% | — | — |
Current DrawdownCurrent decline from peak | -10.66% | -82.94% | +72.28% |
Average DrawdownAverage peak-to-trough decline | -6.40% | -55.68% | +49.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.24% | — | — |
Volatility
YMAX vs. MSTW - Volatility Comparison
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Volatility by Period
| YMAX | MSTW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.94% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 19.66% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 23.56% | 89.08% | -65.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.61% | 89.08% | -65.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.61% | 89.08% | -65.47% |
YMAX vs. MSTW - Expense Ratio Comparison
YMAX has a 1.28% expense ratio, which is higher than MSTW's 0.99% expense ratio.
Dividends
YMAX vs. MSTW - Dividend Comparison
YMAX's dividend yield for the trailing twelve months is around 74.01%, less than MSTW's 325.95% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MSTW Roundhill MSTR WeeklyPay ETF | 325.95% | 106.94% | 0.00% |
YMAX YieldMax Universe Fund of Option Income ETFs | 74.01% | 78.70% | 44.20% |
Frequently Asked Questions
YMAX and MSTW have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MSTW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MSTW is cheaper with a 0.99% expense ratio, compared with 1.28% for YMAX.
MSTW has the higher dividend yield at 325.95%, compared with 74.01% for YMAX.
They also come from different issuers: YieldMax and Roundhill. Their fees differ too: 1.28% for YMAX and 0.99% for MSTW.
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