MSTW vs MSTY: Weekly Leverage or MSTR Options Income?
MSTW targets 1.2 times MSTR's calendar-week total return before fees and expenses, alongside weekly distributions. MSTY seeks income through MSTR call spreads. One has a leveraged weekly return target; the other reshapes MSTR participation through an options-income strategy.
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. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year.
MSTW has lagged MSTY over the trailing twelve months, posting a -65.26% total return against -47.75%. Measured from Jul 2025 — the start of shared available history — MSTY has compounded at -51.97% a year versus -68.25% for MSTW. MSTY has been the steadier holding, though — annualized volatility of 69.7% against 96.7% for MSTW. 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.
Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of September 30, 2026. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year. “Since Jul 2025” measures every fund from July 24, 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 past year. 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 past year) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Distribution rate, SEC yield and return of capital
Metric
MSTW
MSTY
Forward distribution rate
99.21%
100.79%
Trailing 12-month yield
157.90%
142.46%
30-day SEC yield
—
0.96%
Return of capital
100.00%
98.87%
Total return (price change plus reinvested distributions) is the Total returns section above. Return of capital is the share of a recent distribution that was not income. A 30-day SEC yield can sit far from the headline distribution rate; both numbers are the fund's own published fields.
MSTW targets weekly payouts and 120% of the weekly total return of Strategy before fees.
Actively managed fund that seeks current income while maintaining indirect exposure to the share price of MicroStrategy Incorporated (MSTR), subject to a limit on potential investment gains.
Bottom lineChoose MSTW if you want amplified weekly MSTR exposure and accept leverage and compounding. Choose MSTY if you want MSTR-linked option income and accept substantial single-stock losses. That is not its target. The multiplier applies to a calendar week, before fees and expenses; compounding across weeks can produce a different longer-term result. MSTY has a different options mandate. Neither fund diversifies away MSTR risk, and weekly cash payments do not guarantee positive total returns.
MSTW vs MSTY: Weekly Leverage or MSTR Options Income?
MSTW targets 1.2 times MSTR's calendar-week total return before fees and expenses, alongside weekly distributions. MSTY seeks income through MSTR call spreads. One has a leveraged weekly return target; the other reshapes MSTR participation through an options-income strategy.
MSTW
MSTY
Approach
Leveraged calendar-week MSTR target
MSTR-linked call-spread income
Risk review
Single-stock losses, leverage and compounding
Single-stock losses and limited upside participation
Expense ratio
1.00%
1.03%
Portfolio fit
Review combined holdings and weights
Review combined holdings and weights
How the risk works
Weekly leverage target. MSTW targets amplified calendar-week MSTR returns, not a daily index multiple. Longer holding periods introduce compounding effects.
Single-company exposure. Both funds depend on MSTR, whose bitcoin-related business adds risk. Neither fund is direct ownership of bitcoin.
Options trade-off. MSTY's call spreads change upside participation while leaving substantial downside exposure. Distributions do not protect principal.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Roundhill Investments is known for offering innovative, specialized ETFs that often feature weekly dividend distributions and exposure to trending themes and individual mega-cap stocks. Their lineup spans income-focused strategies, leveraged products, thematic investments in areas like cryptocurrency and artificial intelligence, and weekly-pay funds that appeal to investors seeking frequent distributions. The issuer has built a distinctive niche with products targeting both traditional income seekers and those interested in emerging sectors, offering a diverse range of tickers that go well beyond conventional dividend vehicles.
See our curated list of related YouTube videos on MSTW.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
YieldMax is known for specializing in options-based and income-focused ETFs that emphasize yield generation through covered call strategies and other income-producing methodologies. The firm operates a diverse lineup of 63 funds organized across multiple families including covered call strategies, 0DTE (zero days to expiration) options, double distribution approaches, and various target-date and performance-based portfolios designed to generate regular distributions. Notable offerings span popular underlying assets like major technology stocks and broad market indices, with a particular emphasis on providing enhanced income solutions for investors seeking regular cash flows through options strategies and other tactical approaches.
See our curated list of related YouTube videos on MSTY.
MSTW targets 1.2 times MSTR's calendar-week total return before fees and expenses, alongside weekly distributions. MSTY seeks income through MSTR call spreads. One has a leveraged weekly return target; the other reshapes MSTR participation through an options-income strategy.
That is not its target. The multiplier applies to a calendar week, before fees and expenses; compounding across weeks can produce a different longer-term result. MSTY has a different options mandate. Neither fund diversifies away MSTR risk, and weekly cash payments do not guarantee positive total returns.
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A leveraged weekly target should not be read as a promised annual multiple. Compare an actual same-date investment path with distributions reinvested, and consider the effect of alternating gains and losses. A payment schedule does not change that compounding arithmetic.
Current metrics use the dated snapshot above. Distributions can vary and may include return of capital; a distribution rate is not an expected total return.
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Frequently asked questions
Will MSTW return 1.2 times MSTR over a year?
That is not its target. The multiplier applies to a calendar week, before fees and expenses; compounding across weeks can produce a different longer-term result. MSTY has a different options mandate. Neither fund diversifies away MSTR risk, and weekly cash payments do not guarantee positive total returns.
How should I compare risk and ownership costs?
Use matching dates and definitions for returns, distributions, and fees. Beta describes historical benchmark sensitivity, not guaranteed downside protection. Check current bid-ask spreads and premiums or discounts; AUM alone does not determine the price available for your order.
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