YieldMax MSTR Option Income Strategy ETF
This fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.
$17.29−0.41 (−2.34%)
History starts Feb 22, 2024.
- Expense ratio
- 1.03%
- Fund size
- $1.2B
- 1Y return
- −45.3%
- Yield · Last 12 months
- 154.03%
- Holdings
- 26
- Volume · 30D
- 1.8M sh
- NAV per share
- $17.85
- 52W range
The ETF.net MSTY Grade
Score 54 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 45Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 70Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 29Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 64Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 79Category rank
Our read on MSTY
CThe fund that turns Strategy's wild swings into a paycheck. MSTY holds synthetic MSTR exposure and sells call spreads for premium income. It launched in 2024 and now anchors a whole cohort of MSTR income funds, including two from its own issuer.
MSTY is actively managed to seek weekly income by selling call spreads on Strategy Inc. while retaining participation in potential appreciation of that company’s shares.
Why people hold it
- Sells call spreads rather than plain calls, so upside is capped through a band instead of shut off above a single strike.
- The payout engine is option premium on Strategy Inc., not company dividends, and cash goes out on a monthly cadence.
- One of the actively traded names in the MSTR income group, with a sizable asset base behind it.
- Sits in the upper half of the six-fund MSTR options-income group, ahead of MTYY and MSST on our review.
Worth knowing
- At 1.03% a year it runs above the group median and above Bitwise's IMST at 0.96%. Active option management is not a cheap wrapper.
- Exposure is synthetic and tied to one famously volatile stock, so the share price can slide well below where it started while distributions keep arriving.
- It opened in 2024, so the track record covers a short stretch rather than a full market cycle.
MSTY Holdings
- Other
- 26
- 107%
- MSTR US 10/16/26 C95
Geography
MSTY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
MSTY$5,467
Returns run to the Sep 22, 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 | MSTY |
|---|---|
| Year to date | +7.3% |
| 1 month | +31.6% |
| 3 months | +41.2% |
| 1 year | −45.3% |
| 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 | MSTY |
|---|---|---|
| 2026 YTD | +7.3% | |
| 2025 | −41.9% | |
| 2024 | +207.9% |
MSTY in the news
MSTY Dividends
- 154.03%
- $27.26
- $0.24 per share
- Weekly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 17, 2026 | Sep 18, 2026 | $0.24 |
| Sep 10, 2026 | Sep 11, 2026 | $0.31 |
| Sep 3, 2026 | Sep 4, 2026 | $0.21 |
| Aug 27, 2026 | Aug 28, 2026 | $0.28 |
| Aug 20, 2026 | Aug 21, 2026 | $0.16 |
| Aug 13, 2026 | Aug 14, 2026 | $0.18 |
| Aug 6, 2026 | Aug 7, 2026 | $0.21 |
| Jul 30, 2026 | Jul 31, 2026 | $0.22 |
| Jul 23, 2026 | Jul 24, 2026 | $0.22 |
| Jul 16, 2026 | Jul 17, 2026 | $0.21 |
| Jul 9, 2026 | Jul 10, 2026 | $0.21 |
| Jul 2, 2026 | Jul 6, 2026 | $0.15 |
MSTY Risk
- 80.8%
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.
- 0.46
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.
- −77.0%
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.
- 2.21
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MSTY Cost
1.03%
MSTY1.03%
- The middle half of MicroStrategy (MSTR) Option Income funds
- Median 1.03%
2 of the 5 MicroStrategy (MSTR) Option Income funds charge less.