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Security Comparison

MSTR vs MTYY: Which Is the Better Pick in 2026?

A head-to-head comparison of Strategy Inc. and GraniteShares YieldBOOST MSTR ETF covering yield, cost, risk, and income potential.

Data updated September 21, 2026

Best for

  • MSTRInvestors who want direct ownership of the underlying business, with no fund wrapper or management fee.
  • MTYYInvestors who want to maximize current income — roughly 38.63%, generated by selling options premium.

Jump to the side-by-side numbers

Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Total returns

100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings.

MSTR has outpaced MTYY over the year to date, posting a 6.47% total return against -35.08%. MTYY has been the steadier holding, though — annualized volatility of 31.0% against 81.3% for MSTR. Figures are total returns: price change plus every distribution reinvested.

Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
SymbolYTDSince Sep 2025Volatility Sharpe Sortino Max drawdown
MSTR6.47%-48.95%81.3%-0.89-1.28-77.1%
MTYY-35.08%-69.01%31.0%-3.97-4.45-70.5%

Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of September 22, 2026. YTD and 1Y are cumulative; windows of one year or longer are annualized. “Since Sep 2025” measures every fund from September 23, 2025 — the start of shared available history — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the shared window since Sep 2025. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the shared window since Sep 2025) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.

Side-by-side snapshot

Side-by-side snapshot. Each row is one metric; each column is one fund.
MetricMSTRMTYY
Full nameStrategy Inc.GraniteShares YieldBOOST MSTR ETF
Issuer—GraniteShares
Last Close$168.50 as of September 21, 2026$17.77 as of September 21, 2026
Distribution rate—38.63%
Distribution Safety Score™ —49
Safety-Adjusted Yield —18.93%
Expense ratio—1.07%
AUM—$1.50M
Distribution frequencyNoneWeekly
Underlying index—Strategy (MSTR)
ObjectiveOperates an enterprise analytics software business while pursuing a Bitcoin treasury reserve strategy, accumulating one of the largest corporate Bitcoin balance sheets.Seeks to provide weekly income through selling near-the-money put spreads on leveraged ETFs linked to Strategy (formerly MicroStrategy), with built-in risk control through the put spread collar structure.
Asset classEquityEquity
Inception dateN/A09/23/2025
Beta3.597—
Last dividend—$0.132 declared, pays 09/22/2026
Ex-dividend date—09/18/2026

Bottom lineChoose MSTR if you want direct ownership of the underlying business, with no fund wrapper or management fee. Choose MTYY if you want to maximize current income — roughly 38.63%, generated by selling options premium. There's no free lunch: MTYY's payout comes from selling options, which caps upside and can erode the share price over time, while MSTR keeps full price exposure.

How the risk works

Read this before the income numbers below: the strategy mechanics on this page shape what those payouts can cost you.

  • Daily leverage reset. MTYY targets a multiple of the index's DAILY move, resetting every session. Over weeks and months the compounding of daily resets (volatility decay) can drag returns far below the stated multiple, especially in choppy markets — and losses are magnified the same way gains are.
  • Capped upside and premium dependence. MTYY generates income by selling options, which trades away part of a strong rally in exchange for premium. Distributions can include return of capital, and a payout the underlying assets cannot sustain shows up as NAV erosion over time — the big yield number is not free.

Learn the mechanics: Return of capital, explained · NAV erosion, explained · Why daily-reset leverage decays

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Income calculator

See how much monthly income a hypothetical investment would generate in each security at current yields.

GraniteShares
ETFs93
Total AUM$11.6B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

GraniteShares is known for offering specialized ETF strategies that extend beyond traditional equity and bond investing, particularly through structured products and income-focused solutions. The firm manages 48 ETFs organized around distinct fund families including Autocallable products, Commodities, Income strategies, Leveraged exposures, and their YieldBOOST line designed to enhance distributions. GraniteShares targets investors seeking alternative income generation methods and commodity access, with popular tickers like AHD, CRY, and FBL representing their diverse approach to yield enhancement and alternative asset classes.

See our curated list of related YouTube videos on MTYY.

See all GraniteShares ETFs

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Quick verdict

MSTR (Strategy Inc.) is a stock, while MTYY (GraniteShares YieldBOOST MSTR ETF) is an ETF — their trading structures differ.

MTYY currently shows a 38.63% distribution yield. MSTR has not yet established a full distribution history, so a comparable yield figure is not available.

Deep dive

Yield & income

On a $10,000 investment, MSTR has no reported distribution yield yet, so a cash estimate is not available, while MTYY would produce $74.29 cash per distribution, at current distribution rates.

MSTR yield—
MTYY yield38.63%

Cost & efficiency

MTYY charges a 1.07% expense ratio — roughly $1,070 over 10 years on $10,000 (simplified, not compounded). MSTR is a stock, not a fund, so it charges no expense ratio.

MTYY ER1.07%

Strategy & risk

MSTR is a stock built around software exposure, while MTYY tracks Strategy (MSTR) with a crypto approach.

MSTR beta3.597
MTYY beta—

Security details

MSTR (Strategy Inc.) is a stock. MTYY is managed by GraniteShares (launched 09/23/2025) with $1.50M in assets.

MTYY AUM$1.50M
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Frequently asked questions

Which of MSTR or MTYY pays more dividend income?

MTYY currently reports a distribution yield, while MSTR has not yet established a full distribution history. A direct income comparison is not yet meaningful — check back once both funds have published several consecutive distributions.

What is the difference between MSTR and MTYY?

MSTR (Strategy Inc.) is a stock built around software exposure, while MTYY (GraniteShares YieldBOOST MSTR ETF) tracks Strategy (MSTR) with a crypto approach. They are issued by — and GraniteShares respectively.

Can I hold both MSTR and MTYY?

Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.

Which has lower fees, MSTR or MTYY?

MTYY charges a 1.07% expense ratio. MSTR is a stock, not a fund, so it has no expense ratio — owning it directly costs nothing in ongoing fund fees.

How much income does $10,000 in MSTR vs MTYY generate?

At current rates, MSTR has not established a distribution history yet, so a cash estimate is not available. The same in MTYY would produce about $74.29 cash per distribution ($3,863.00 annually).

Which has performed better historically, MSTR or MTYY?

MSTR has outpaced MTYY over the year to date, posting a 6.47% total return against -35.08%. MTYY has been the steadier holding, though — annualized volatility of 31.0% against 81.3% for MSTR. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.

More comparisons to explore

MSTR vs MTYY — at a glance

Generated September 19, 2026.

Figures quoted in this analysis are from its generation date and may lag the live snapshot table above, which always shows the latest data.

Overview

MSTR is a software company that also holds a large Bitcoin treasury, trading as a stock with no distributions. The core distinction: MSTR offers equity upside tied to software operations and Bitcoin holdings, while MTYY wraps MSTR in a synthetic-income structure designed to harvest volatility.

How they differ

MSTR is a straight equity holding—you own a stake in the company's business and its Bitcoin reserve, with no income component. MTYY, by contrast, generates 38.63% annual yield through options premium collection, paying weekly distributions. The second critical difference is volatility: MSTR carries a beta of 3.597, meaning it swings hard.

Who each is best for

MSTR: Fits investors with high risk tolerance and long time horizons who believe in the company's software business or its Bitcoin accumulation thesis and want equity appreciation without forced distributions.

MTYY: Designed for income-focused investors who accept capped upside in exchange for weekly cash flow, are comfortable with options-based leverage and complexity, and can tolerate NAV fluctuations tied to put spread mechanics.

Key risks to know

  • NAV erosion at extreme yields. MTYY's 38.63% annualized yield far exceeds typical equity returns, raising the likelihood that distributions rely heavily on return-of-capital treatment and principal decay over time.
  • Options and leverage risk. MTYY's put spread collar structure works only if volatility remains elevated and MSTR stays near strike prices. Sharp directional moves (up or down) can break the intended risk control and lock in losses or cap gains unexpectedly.
  • Concentration and asset volatility. Both securities are fully exposed to MSTR's 3.597 beta—more than 3.5× market volatility. A sustained downturn in software valuations, Bitcoin price collapse, or loss of confidence in MSTR's treasury strategy will hit both hard. Historical precedent for options-income ETFs shows that low AUM and short track records often lead to closure or forced liquidation if assets don't grow. Compounding leverage with options selling during high-volatility environments can amplify losses beyond the stated collar structure.

Bottom line

If you want equity exposure to MSTR's software and Bitcoin strategy with the possibility of capital appreciation, MSTR offers direct ownership. If you prioritize weekly income over upside and can tolerate extreme distributions and options complexity, MTYY provides a synthetic-income wrapper—but at the cost of unproven liquidity, newly launched execution risk, and substantial NAV erosion risk at yields above 35%. Past performance does not predict future results.

AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.

Learn the method

The metrics behind this comparison, explained in the Academy.

How covered-call funds work How to read a fund's stats The covered-call opportunity cost

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