MSTY
YieldMax MSTR Option Income Strategy ETF
MSTY seeks to provide current income and capped gains on MSTR stock through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options.
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
5.2 B
ASSETS UNDER MGMT
99 bp
EXPENSES
Fund Basics
| Fund sponsor | Tidal |
| Category | Risk Management |
| Asset class | Derivatives |
| Website | link... |
| Inception date | Feb 21, 2024 |
| Assets (mns) | $5,244 |
| Expense ratio | 99 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| CASH & OTHER | 29.9 % |
| UNITED STATES TREASURY NOTE/BOND 3.875% 01/15 | 22.6 % |
| UNITED STATES TREASURY NOTE/BOND 4.25% 10/15/ | 12.2 % |
| UNITED STATES TREASURY BILL 08/14/2025 | 11.4 % |
| UNITED STATES TREASURY BILL 11/06/2025 | 8.4 % |
| UNITED STATES TREASURY NOTE/BOND 3% 07/15/202 | 7.3 % |
| MSTR US 09/19/25 C390 | 5.2 % |
| MSTR US 07/18/25 C370 | 4.5 % |
| UNITED STATES TREASURY BILL 02/19/2026 | 3.2 % |
| MSTR US 09/19/25 C385 | 1.7 % |
Asset Allocation
Historical Performance
Standardized Performance (as of 06/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -15.7% | -23.3% | -- | -- | -- | -- | -- | 3.4% |
| Dividend Yield | 49.1% | 146.0% | -- | -- | -- | -- | -- | 176.1% |
| Total Returns | 33.4% | 122.7% | -- | -- | -- | -- | -- | 179.5% | Ann. Volatility | 72.2% | 73.2% | -- | -- | -- | -- | -- | 77.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 2.03 | 8% |
| MSCI EAFE | 1.82 | 7% |
| MSCI Emg Mkts | 2.79 | 8% |
Liquidity Measures
| Avg. volume (000) | 9,564 |
| ADV traded (mns) | $199 |
| Turnover | 3.8% |
| Avg. Bid/Ask (% of price) | 0.05% |
Technical Indicators
| Recent close | $20.77 |
| 30d moving avg. | $18.72 |
| Annualized volatility | 88.0% |
| Relative strength (RSI) | 61 |
| Short interest | 17.6% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Active Risk Management Derivatives ETFs |
| # of ETFs | 109 |
| Avg. Expense Ratio | 85.0 bp |
| Std. Deviation | 17 bp |
| MSTY (99 bp) Percentile rank | 59 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| MSTY | 99.0 | 4.6 | 103.6 |
| Peer Avg. | 94.4 | 35.8 | 130.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .