Dividend comparison

MSTW vs MSTY: Which Is Better for Income?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Roundhill Investments - MSTR WeeklyPay ETF and YieldMax MSTR Option Income Strategy ETF, side by side. Updated October 21, 2026.

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MSTW vs MSTY: key differences
The short answer, from the latest data on this page.
  • Fees. MSTW is cheaper at 1.00% a year versus 1.03% for MSTY. On $10,000 that is $3 a year less in fees.
  • Income. MSTW pays more income, yielding 155.53% over the last twelve months versus 141.10% for MSTY. That is about $1,443 more a year on $10,000. MSTW pays weekly, MSTY pays monthly.
  • Performance. Over the last 1 year, MSTY returned -45.7% versus -82.7% for MSTW, with dividends reinvested. $10,000 would have grown to $5,430 in MSTY and $1,734 in MSTW.
  • Risk. MSTW has been the bumpier ride. Its worst peak-to-trough decline over the last 1 year was -92.5%, against -80.7% for MSTY.
  • Diversification. MSTY holds 26 positions and MSTW holds 2. The ten largest positions make up 690.9% of MSTW and 0.0% of MSTY.
  • Size. MSTY is the larger fund with $1.0 billion in assets, against $74 million for MSTW.

Bottom line: MSTW fits better if you care most about lower fees and more income today. MSTY fits better if you care most about stronger 1-year returns, smaller drawdowns and broader diversification.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricMSTW
Roundhill Investments - MSTR WeeklyPay ETF
MSTY
YieldMax MSTR Option Income Strategy ETF
Dividend yield (TTM)155.53%141.10%
Dividend / share (TTM)$6.66$20.32
Payout frequencyWeeklyMonthly
Last dividend$0.0520 on Oct 20, 2026$0.2474 on Oct 16, 2026
Ex-dividend dateOct 19, 2026Oct 15, 2026
Price$4.28$14.40
Beta3.362.15
Max drawdown (5Y)-92.5%-80.7%
Market cap$14.1M$792.6M
ExchangeCBOEAMEX
Expense ratio1.00%1.03%
Assets under management$74.4M$1.02B
Number of holdings226
Top 10 concentration690.9%0.0%
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

MSTW

$1296.11/mo

$15553 /yr at 155.53% yield

MSTY

$1175.85/mo

$14110 /yr at 141.10% yield

Dividend history
Total dividends paid per share in each calendar year. MSTW pays weekly; MSTY pays monthly.
YearMSTWMSTY
2025—$87.2054
Strategy: Single-stock option income
Funds that hold synthetic exposure to one stock, or a basket of them, and sell call options against it every week or month to pay very large distributions. The payout comes from option premium, which is high because the underlying stocks are volatile. When the stock rallies hard, the fund keeps only a slice of the gain; when it falls, the fund takes most of the loss.

Distributions can include return of capital and the share price tends to erode over time, so the headline yield overstates what the investor actually keeps.

What MSTW vs MSTY actually do

MSTY
A YieldMax fund that generates weekly income from options on a single stock, Strategy Inc, without owning the shares.

It holds no Strategy shares at all. It builds synthetic long exposure with options and sells calls or call spreads against it, harvesting premium from one of the most volatile large stocks in the market, itself a leveraged proxy for bitcoin. The distribution is set by the manager and varies week to week, and past payments have included return of capital, meaning part of what arrives is your own money coming back rather than income earned. Fees run around 1% a year.

Suits only an investor treating a small, losable allocation as a speculative income trade with eyes open. It is not an income substitute for a diversified fund: it carries single-stock risk on a company whose value is tied to bitcoin, its upside is capped by design, and its net asset value can fall sharply and permanently even while distributions continue.

Speculative, single-stock, capital at high risk

Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Jul 24, 2025 would now be worth $1,069 in MSTW and $3,432 in MSTY.
PeriodMSTWMSTY
1 month-15.42%-6.07%
3 months26.25%37.14%
Year to date-56.37%-6.31%
1 year-82.66%-45.70%
3 years——
5 years——
  • MSTW
  • MSTY
054107202520261134

Both series indexed to 100 on 2025-07-24 using the adjusted closing price series. Past performance does not guarantee future results.

Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
  • MSTW
  • MSTY
0%25%50%75%100%Cash & Others100.0%100.0%
MSTW vs MSTY holdings overlap
At least 0% overlap by weight, with 0 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
Top 10 holdings
Largest positions by portfolio weight.

MSTW2 holdings total

NameWeight
MSTR 260828C00035000MSTR US 08/28/26 C3587.19%
MSTR 260821C00030000MSTR US 08/21/26 C3085.07%
MSTR 260904C00040000MSTR US 09/04/26 C4084.85%
MSTR 260814C00030000MSTR US 08/14/26 C3084.71%
MSTR 260807C00030000MSTR US 08/07/26 C3082.76%
MSTR 260731C00030000MSTR US 07/31/26 C3082.44%
MSTR 260724C00030000MSTR US 07/24/26 C3081.94%
MSTR 261016C00050000MSTR US 10/16/26 C5080.90%
FGXXXFirst American Government Obligations Fund 12/01/203121.08%

MSTY26 holdings total

NameWeight
MSTRStrategy Inc0.00%

Quick verdict

MSTW fits better if you care most about lower fees and more income today. MSTY fits better if you care most about stronger 1-year returns, smaller drawdowns and broader diversification. Model the holding inside your real portfolio before deciding.

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Frequently asked questions

Is MSTW or MSTY better for dividend income?
It depends on your goals. MSTW currently yields 155.53% Trailing Twelve Months (TTM) while MSTY yields 141.10%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between MSTW and MSTY?
Roundhill Investments - MSTR WeeklyPay ETF (MSTW) is an ETF listed on CBOE. YieldMax MSTR Option Income Strategy ETF (MSTY) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, MSTW or MSTY?
MSTW has the lower expense ratio. MSTW charges 1.00% a year and MSTY charges 1.03%, a difference of $3 a year on a $10,000 investment.
Which has performed better, MSTW or MSTY?
Over the last 1 year, MSTY has the higher total return with dividends reinvested: MSTW returned -82.7% and MSTY returned -45.7%. Past performance does not predict future returns.
Which is riskier, MSTW or MSTY?
Measured by the worst peak-to-trough decline over the last five years, MSTW has been riskier: MSTW fell as much as 92.5% and MSTY as much as 80.7%. Their betas are 3.36 and 2.15.
How often do MSTW and MSTY pay dividends?
MSTW pays weekly and MSTY pays monthly.
How much income does $10,000 in MSTW vs MSTY generate?
At current TTM yields, $10,000 in MSTW would generate roughly $1296.11 per month ($15553 annually). The same amount in MSTY would produce about $1175.85 per month ($14110 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both MSTW and MSTY?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare MSTW vs MSTY with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how MSTW and MSTY fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.

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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.