MSST vs MSTY

MSSTBYieldMax MSTR Performance & Distribution Target 25 ETF

MSTYCYieldMax MSTR Option Income Strategy ETF

In short

MSST YieldMax'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.

MSTY The 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.

Stated mandate

MSST 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.

MSTY 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

• MSST 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

• MSTY 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

• MSST 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

• MSTY 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.

Full MSST profile⁠

Full MSTY profile⁠