MSR vs MSTW: which paid, and which earned it?
MSR and MSTW both write options for income. GraniteShares Autocallable MSTR ETF and Roundhill MSTR WeeklyPay ETF.
16.6 pts behind MSTR
MSR since launch: paid 5.2%, price −38.4%, total −33.6%, MSTR −17.0%, −16.6 pts.
MSTR
−17.0%
MSR
−33.6%
16.6 pts behind MSTR
Total return, distributions reinvested
16.6 pts behind MSTR
MSR since launch: paid 5.2%, price −38.4%, total −33.6%, MSTR −17.0%, −16.6 pts.
MSTR
−17.0%
MSR
−33.6%
16.6 pts behind MSTR
5.2% of it arrived as cash. Total return, distributions reinvested. MSR since launch: paid 5.2%, price −38.4%, total −33.6%, MSTR −17.0%, −16.6 pts.
12.5 pts behind MSTR
MSTW over 1 year: paid 25.0%, price −84.2%, total −65.0%, MSTR −52.5%, −12.5 pts.
MSTR
−52.5%
MSTW
−65.0%
12.5 pts behind MSTR
Total return, distributions reinvested
12.5 pts behind MSTR
MSTW over 1 year: paid 25.0%, price −84.2%, total −65.0%, MSTR −52.5%, −12.5 pts.
MSTR
−52.5%
MSTW
−65.0%
12.5 pts behind MSTR
25.0% of it arrived as cash. Both charts share one scale, 0 to −17.0%. MSTW over 1 year: paid 25.0%, price −84.2%, total −65.0%, MSTR −52.5%, −12.5 pts.
What they hold in common
By the books each fund has filed, MSR and MSTW hold 0% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 30, 2026.
half
0% in common
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.
Performance, window by window
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | MSR | MSTW | MSR | MSTW | MSR | MSTW |
| 3 months | +14.9% | +74.1% | 4.1% | 23.1% | −49.0 pts | +10.2 pts |
| 6 months | not published | +17.7% | not published | 33.7% | not published | −7.0 pts |
| 1 year | not published | −65.0% | not published | 25.0% | not published | −12.5 pts |
| Since launch MSR May 2026 · MSTW Jul 2025 | −33.6% | −74.5% | 5.2% | 28.1% | −16.6 pts | −11.4 pts |
MSR and MSTW over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
MSR and MSTW on the same fields, as of Sep 30, 2026. Source: ETFIQ.
MSR in plain words
Over the period since launch on May 12, 2026 to Sep 30, 2026, MSR paid 5.2% of its starting value in cash distributions while its price fell 38.4%. With every distribution reinvested, the fund returned −33.6%. MicroStrategy (MSTR) returned −17.0% over the same days, so a holder was behind by 16.6 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 44.3%, paid periodically. GraniteShares estimates that 0% of the distribution paid Jun 5, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
MSTW in plain words
Over the year to Sep 30, 2026, MSTW paid 25.0% of its starting value in cash distributions while its price fell 84.2%. With every distribution reinvested, the fund returned −65.0%. MicroStrategy (MSTR) returned −52.5% over the same days, so a holder was behind by 12.5 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 99.2%, paid weekly.
Questions people ask
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.
ETFIQ, MSR against MSTW, data as of Sep 30, 2026. https://etfiq.com/compare/income/msr-vs-mstw
Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, MSR against MSTW, data as of Sep 30, 2026. https://etfiq.com/compare/income/msr-vs-mstw Free to use with attribution; the underlying files are at Open data.
Other forms
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- ETFIQ, MSR against MSTW, data as of Sep 30, 2026. https://etfiq.com/compare/income/msr-vs-mstw
- APA
- ETFIQ. (Sep 30, 2026). MSR against MSTW. Retrieved from https://etfiq.com/compare/income/msr-vs-mstw
- Markdown
- [MSR against MSTW (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/income/msr-vs-mstw)