Dividend comparison

MSTY vs CONY: Which Is Better for Income?

Side-by-side yield, projected income, and dividend fundamentals for YieldMax MSTR Option Income Strategy ETF and YieldMax COIN Option Income Strategy ETF. Updated September 8, 2026.

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Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricMSTY
YieldMax MSTR Option Income Strategy ETF
CONY
YieldMax COIN Option Income Strategy ETF
Dividend yield (TTM)166.32%136.89%
Dividend / share (TTM)$26.71$28.31
Price$16.06$20.68
Payout ratio (TTM)——
Dividend growth streak——
Beta2.212.34
Market cap$919.8M$357.5M
ExchangeAMEXAMEX
Expense ratio1.03%1.04%
Assets under management$915.6M$348.7M
Number of holdings266
Top 10 concentration0.0%—
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

MSTY

$1386.03/mo

$16632 /yr at 166.32% yield

CONY

$1140.75/mo

$13689 /yr at 136.89% yield

Strategy: Crypto-linked income
The most aggressive category on the site: funds that take exposure to bitcoin or a crypto-linked stock, usually through options or futures rather than by owning the asset, and sell calls against it to generate large distributions. Extreme implied volatility is what funds the payout, and the same volatility is what makes the exposure underneath unpredictable. Fees are around 1% a year and the exposure is often synthetic, so what you own is a set of derivative contracts, not the asset itself.

Distributions vary sharply, have included return of capital, and upside is capped while downside is not, so net asset value can fall a long way even in periods when the payments keep arriving.

What MSTY vs CONY 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

CONY
A YieldMax fund that sells options tied to Coinbase Global stock for weekly income, without holding the shares.

Exposure is synthetic: the fund buys calls and sells puts at matching strikes to replicate roughly 100% of the stock's price movement, then writes calls or call spreads on top to collect premium. Coinbase's earnings move with crypto trading volume, so both the stock and the option premium swing hard with the crypto cycle, and the distribution swings with them. Like others in the range it charges around 1% a year and has paid distributions that included return of capital.

Suits only a speculative sleeve sized so that a total loss would not matter. The structure concentrates single-company risk, caps the upside that would otherwise compensate for it, and can erode net asset value over time while still paying out, so it does not behave like the income funds it is often compared against.

Speculative, single-stock, capital at high risk

Performance
Trailing returns from the adjusted closing price series.
PeriodMSTYCONY
1 month35.30%20.16%
3 months7.57%13.69%
Year to date-6.30%-14.44%
1 year-51.33%-36.74%
3 years—30.89%
5 years——
  • MSTY
  • CONY
3624044320242025202614980

Both series indexed to 100 on 2024-02-22 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.
  • MSTY
  • CONY
0%25%50%75%100%Cash & Others100.0%100.0%
Top 10 holdings
Largest positions by portfolio weight.

MSTY26 holdings total

NameWeight
MSTRStrategy Inc0.00%

Quick verdict

MSTY currently posts the higher TTM yield (166.32%). MSTY yields 166.32%; CONY yields 136.89%. Choose based on whether you prioritize current cash flow, dividend growth, or total return — then model the holding inside your real portfolio.

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Forecast dividend income, track payouts, and see how MSTY vs CONY fits with the rest of your holdings. Free to start — no credit card required for the trial.
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Frequently asked questions

Is MSTY or CONY better for dividend income?
It depends on your goals. MSTY currently yields 166.32% Trailing Twelve Months (TTM) while CONY yields 136.89%. 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 MSTY and CONY?
YieldMax MSTR Option Income Strategy ETF (MSTY) is an ETF listed on AMEX. YieldMax COIN Option Income Strategy ETF (CONY) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, price, payout ratio, dividend growth streak, beta, and market cap when available.
How much income does $10,000 in MSTY vs CONY generate?
At current TTM yields, $10,000 in MSTY would generate roughly $1386.03 per month ($16632 annually). The same amount in CONY would produce about $1140.75 per month ($13689 annually). Actual payouts vary with distribution changes and reinvestment.
Which has the higher dividend yield, MSTY or CONY?
MSTY currently has the higher TTM dividend yield at 166.32%, compared with 136.89% for CONY. Yield alone is not a complete measure of income quality — check payout ratio, streak, and NAV behavior.
Can I hold both MSTY and CONY?
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 MSTY vs CONY with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how MSTY and CONY 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.

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.