YieldMax MSTR Option Income Strategy ETF
CThis fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.
$15.52−0.02 (−0.13%)
- 1.03%
- $1.1B
- −42.9%
- 148.70%
- 1.9M sh
- $15.69
- low $11.53high $66.70
The ETF.net MSTY Grade
C
Score 53 out of 100
- 2 of 5
Score 53 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.
Cost
The fund’s net expense ratio, ranked against its category.C45 out of 100Rank 3 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.F23 out of 100Rank 5 of 5Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B65 out of 100Rank 1 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.A79 out of 100Rank 1 of 5
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
- 13
- 107%
- Cash & Other
Geography
- United States100.00%
MSTY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
MSTY$5,706
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 | MSTY |
|---|---|
| Year to date | −0.5% |
| 1 month | +13.6% |
| 3 months | +50.5% |
| 1 year | −42.9% |
| 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 | −0.5% | |
| 2025 | −41.9% | |
| 2024 | +207.9% |
MSTY in the news
MSTY Dividends
- 148.70%
- $23.11
- $0.24 per share
- Weekly
Distribution history
MSTY Risk
- 79.6%
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.
- 0.51
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.
- 2.15
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.
Other funds in MicroStrategy (MSTR) Option Income
- BWNTRYieldMax MSTR Short Option Income Strategy ETFExpense ratio 1.00%1 year return +19.7%
- CMSSTYieldMax MSTR Performance & Distribution Target 25 ETFExpense ratio 0.99%1 year return —
- DMTYYGraniteShares YieldBOOST MSTR ETFExpense ratio 1.07%1 year return −65.1%
- DMSRGraniteShares Autocallable MSTR ETFExpense ratio 1.07%1 year return —