Which is cheaper, MSR or MSTY?

MSR charges 1.07% a year and MSTY charges 0.99%, so MSTY is cheaper. Fees come from each fund's prospectus.

MSR vs MSTY: which paid, and which earned it?

MSR and MSTY both write options for income. GraniteShares Autocallable MSTR ETF and YieldMax(R) MSTR Option Income Strategy ETF.

5.2%

MSR cash paid, since launch

32.3%

MSTY cash paid, 1 year

−33.6%

MSR total return, since launch

−47.1%

MSTY total return, 1 year

MSR · since launch to Sep 30, 202616.6 pts behind MSTR

MSR

−33.6%

MSTR

−17.0%

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.

MSTY · 1 year to Sep 30, 20265.4 pts ahead of MSTR

MSTY

−47.1%

MSTR

−52.5%

5.4 pts ahead of MSTR

MSTY over 1 year: paid 32.3%, price −77.0%, total −47.1%, MSTR −52.5%, +5.4 pts.

MSTR

−52.5%

MSTY

−47.1%

5.4 pts ahead of MSTR

Total return, distributions reinvested

5.4 pts ahead of MSTR

MSTY over 1 year: paid 32.3%, price −77.0%, total −47.1%, MSTR −52.5%, +5.4 pts.

MSTR

−52.5%

MSTY

−47.1%

5.4 pts ahead of MSTR

32.3% of it arrived as cash. Both charts share one scale, 0 to −17.0%. MSTY over 1 year: paid 32.3%, price −77.0%, total −47.1%, MSTR −52.5%, +5.4 pts.

What they hold in common

By the books each fund has filed, MSR and MSTY hold 37% 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 Jul 31, 2026 and Jun 30, 2026.

50%

half

37% in common

Positions both hold, largest shared weight first

Holding MSR MSTY

Treasury Bill 100.00% 36.59%

Only in MSR

Only in MSTY

TREASURY BILL 25.38%

TREASURY BILL 21.55%

TREASURY BILL 12.54%

TREASURY BILL 3.94%

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	MSTY	MSR	MSTY	MSR	MSTY
3 months	+14.9%	+52.6%	4.1%	22.8%	−49.0 pts	−11.3 pts
6 months	not published	+15.9%	not published	35.5%	not published	−8.8 pts
1 year	not published	−47.1%	not published	32.3%	not published	+5.4 pts
Since launch MSR May 2026 · MSTY Feb 2024	−33.6%	+77.4%	5.2%	223.7%	−16.6 pts	−37.2 pts

MSR and MSTY 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

GraniteShares Autocallable MSTR ETF · Autocallable on MSTR

MSTY

YieldMax(R) MSTR Option Income Strategy ETF · Synthetic covered call on MSTR, paying weekly

Issuer GraniteShares YieldMax

Strategy autocallable synthetic covered call

Benchmark MicroStrategy (MSTR) MicroStrategy (MSTR)

Pays not established weekly

Payout rate, annualized 44.3% 110.8%

Expense ratio 1.07% 0.99%

Cash paid, 1 year 5.2% (since launch on May 12, 2026) 32.3%

Price change, 1 year −38.4% −77.0%

Total return, 1 year −33.6% (since launch on May 12, 2026) −47.1%

Benchmark return, 1 year −17.0% −52.5%

Ahead or behind −16.6 pts +5.4 pts

Return of capital, latest estimate 0% 99%

Age 141 days 951 days

Net assets $593,832 $1.1bn

MSR and MSTY 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).

MSTY in plain words

Over the year to Sep 30, 2026, MSTY paid 32.3% of its starting value in cash distributions while its price fell 77.0%. With every distribution reinvested, the fund returned −47.1%. MicroStrategy (MSTR) returned −52.5% over the same days, so a holder was ahead by 5.4 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 110.8%, paid weekly. YieldMax estimates that 99% of the distribution paid Oct 2, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).

Questions people ask

Which is cheaper, MSR or MSTY?: MSR charges 1.07% a year and MSTY charges 0.99%, so MSTY is cheaper. Fees come from each fund's prospectus.

Other comparisons

MSR vs ACBE MSR vs ACBH MSR vs ACEI MSR vs ACII MSTY vs MTYY MSTY vs NVDY MSTY vs TSLY MSTY vs WNTR

MSR on its own →MSTY on its own →How every figure is computed →Standards and sources →

Where these figures came from

MSR filings on SEC EDGAR ↗MSR prospectus with the expense ratio (SEC) ↗MSR 19a-1 distribution notice ↗GraniteShares page for MSR ↗MSTY filings on SEC EDGAR ↗MSTY prospectus with the expense ratio (SEC) ↗MSTY 19a-1 distribution notice ↗YieldMax page for MSTY ↗

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.

Cite this page

ETFIQ, MSR against MSTY, data as of Sep 30, 2026. https://etfiq.com/compare/income/msr-vs-msty

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.