YieldMax MSTR Performance & Distribution Target 25 ETF
CThis fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.
$30.77−0.10 (−0.32%)
- 0.99%
- $5M
- 0M sh
- $31.22
- low $19.41high $54.29
The ETF.net MSST Grade
C
Score 40 out of 100
- 3 of 5
Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Very small fund, grade capped at C.
The cap holds the Score at 40 or below, so B and A are out of reach.
- The pillars earned
- 57
- This cap took
- −17
- Published Score
- 40
Cost
The fund’s net expense ratio, ranked against its category.B69 out of 100Rank 1 of 5Mission
Whether the fund did what it promised, tested against its stated mandate.A70 out of 100Rank 1 of 4Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C42 out of 100Rank 3 of 5Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D34 out of 100Rank 4 of 5Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D37 out of 100Rank 5 of 5
Our read on MSST
CYieldMax's second act on MSTR: instead of squeezing out the biggest possible payout, MSST aims at a set 25% annual distribution rate and sells call spreads, deliberately leaving room to participate in Strategy's share price.
MSST is actively managed to provide weekly income and potential capital appreciation through synthetic exposure to Strategy Inc (MSTR), using long calls, short puts, and call spreads.
Why people hold it
- The dial is set, not maxed. MSST targets a 25% annualized distribution rate rather than harvesting every premium available, and uses call spreads on a synthetic MSTR position to keep some upside participation in play.yieldmaxetfs.com
- Income arrives on a weekly schedule, one of the fastest cadences in the single-stock options-income world.globenewswire.com
- At 0.99%, the fee sits a touch under the MSTR income crowd, including stablemate MSTY (1.03%) and GraniteShares' MTYY (1.07%).
- A cleaner mandate than the yield-chase version: the stated aim is weekly income plus potential capital appreciation, managed with a growth-aware approach rather than maximum premium capture.yieldmaxetfs.com
Worth knowing
- The 25% is a target, not a promise. YieldMax states plainly it is not a guarantee and does not represent a 25% yield or total return; payouts hinge on what option premiums deliver.globenewswire.com
- One stock, held synthetically. The fund never owns MSTR shares; exposure comes from long calls and short puts, and the sold call spreads mean big rallies get captured in part, not in full.globenewswire.com
- Young and small. Launched in late 2025 as part of YieldMax's first Target 25 trio, it remains a lightly traded fund, so bid-ask spreads can run wider than the older MSTR income names.etfgi.com
MSST Holdings
- Other
- 10
- 106%
- Cash & Other
Geography
- United States100.00%
MSST Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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MSST$9,381
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MSST |
|---|---|
| Year to date | −6.2% |
| 1 month | +12.7% |
| 3 months | +48.4% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MSST |
|---|---|---|
| 2026 YTD | −6.2% | |
| 2025 | −23.0% |
MSST in the news
MSST Dividends
- $0.16 per share
- Weekly
Distribution data unavailable.
Distribution history
MSST Risk
- —
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- —
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- —
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 2.42
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MSST Cost
0.99%
MSST0.99%
- The middle half of MicroStrategy (MSTR) Option Income funds
- Median 1.03%
No MicroStrategy (MSTR) Option Income fund charges less.
Other funds in MicroStrategy (MSTR) Option Income
- BWNTRYieldMax MSTR Short Option Income Strategy ETFExpense ratio 1.00%1 year return +19.7%
- CMSTYYieldMax MSTR Option Income Strategy ETFExpense ratio 1.03%1 year return −42.9%
- DMTYYGraniteShares YieldBOOST MSTR ETFExpense ratio 1.07%1 year return −65.1%
- DMSRGraniteShares Autocallable MSTR ETFExpense ratio 1.07%1 year return —