A head-to-head comparison of YieldMax MSTR Option Income Strategy ETF and YieldMax Bitcoin Option Income Strategy ETF covering yield, cost, risk, and income potential.
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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 and YBIT.
Bottom lineChoose MSTY if you want to maximize current income — roughly 83.96%, generated by selling options premium. Choose YBIT if you want crypto exposure that pays you along the way, not just price gains. There's no free lunch: MSTY's payout comes from selling options, which caps upside and can erode the share price over time, while YBIT keeps full price exposure.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
MSTY has lagged YBIT over the trailing twelve months, posting a -75.22% total return against -42.68%. Measured from Apr 2024 — when the younger fund began trading — YBIT has compounded at -14.18% a year versus -19.08% for MSTY. YBIT has been the steadier holding, though — annualized volatility of 37.2% against 64.8% for MSTY. Figures are total returns: price change plus every distribution reinvested.
Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 17, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Apr 2024” measures every fund from April 23, 2024 — the youngest fund's first trading day — 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.
Quick verdict
MSTY (YieldMax MSTR Option Income Strategy ETF) and YBIT (YieldMax Bitcoin Option Income Strategy ETF) are both weekly-pay dividend ETFs, but they take different approaches.
MSTY offers the higher yield at 83.96% vs 49.05% for YBIT. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
They track different benchmarks: MSTY is linked to Strategy (MSTR) while YBIT tracks Bitcoin, which means their performance drivers differ.
MSTY is the larger fund by assets ($763M), which generally means tighter spreads and better liquidity.
Who should choose each?
Choose MSTY
YieldMax MSTR Option Income Strategy ETF
Want to maximize current income — MSTY distributes roughly 83.96% from selling options premium, vs 49.05% for YBIT.
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
Choose YBIT
YieldMax Bitcoin Option Income Strategy ETF
Want crypto exposure that pays income rather than waiting on price alone.
Prefer lower volatility — a beta of 1.5 vs 2.6 for MSTY.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Deep dive
Yield & income
On a $10,000 investment, MSTY would generate roughly $699.67/month, while YBIT would produce $408.75/month, at current distribution rates. Both pay weekly distributions.
MSTY yield83.96%
YBIT yield49.05%
Monthly diff on $10K$290.92
Cost & efficiency
Over 10 years on $10,000, MSTY would cost approximately $990 in fees vs $990 for YBIT (simplified, not compounded). Both charge the same expense ratio.
MSTY ER0.99%
YBIT ER0.99%
Strategy & risk
MSTY tracks Strategy (MSTR) with a covered call approach, while YBIT tracks Bitcoin with a covered call approach. Beta is 2.5604 for MSTY and 1.5424 for YBIT, indicating YBIT is less volatile relative to the market.
MSTY beta2.5604
YBIT beta1.5424
Fund details
MSTY is managed by YieldMax (launched 02/21/2024) with $763M in assets. YBIT is managed by YieldMax (launched 07/18/2023) with $46.7M in assets.
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Frequently asked questions
Is MSTY or YBIT better for dividend income?
It depends on your goals. MSTY currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between MSTY and YBIT?
MSTY (YieldMax MSTR Option Income Strategy ETF) tracks Strategy (MSTR) with a covered call approach, while YBIT (YieldMax Bitcoin Option Income Strategy ETF) tracks Bitcoin with a covered call approach. They are issued by YieldMax and YieldMax respectively.
Can I hold both MSTY and YBIT?
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, MSTY or YBIT?
MSTY and YBIT both charge the same expense ratio of 0.99%, so neither is cheaper on fees — pick based on yield, strategy, or underlying index instead.
How much income does $10,000 in MSTY vs YBIT generate?
At current rates, $10,000 in MSTY would generate roughly $699.67 per month ($8,396.00 annually). The same in YBIT would produce about $408.75 per month ($4,905.00 annually).
Which has performed better historically, MSTY or YBIT?
MSTY has lagged YBIT over the trailing twelve months, posting a -75.22% total return against -42.68%. Measured from Apr 2024 — when the younger fund began trading — YBIT has compounded at -14.18% a year versus -19.08% for MSTY. YBIT has been the steadier holding, though — annualized volatility of 37.2% against 64.8% for MSTY. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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