Which is cheaper, MSR or MTYY?

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

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

MSR and MTYY both write options for income. GraniteShares Autocallable MSTR ETF and GraniteShares YieldBOOST MSTR ETF.

5.2%

MSR cash paid, since launch

31.3%

MTYY cash paid, 1 year

−33.6%

MSR total return, since launch

−68.3%

MTYY 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.

MTYY · 1 year to Sep 30, 202615.8 pts behind MSTR

MTYY

−68.3%

MSTR

−52.5%

15.8 pts behind MSTR

MTYY over 1 year: paid 31.3%, price −87.4%, total −68.3%, MSTR −52.5%, −15.8 pts.

MSTR

−52.5%

MTYY

−68.3%

15.8 pts behind MSTR

Total return, distributions reinvested

15.8 pts behind MSTR

MTYY over 1 year: paid 31.3%, price −87.4%, total −68.3%, MSTR −52.5%, −15.8 pts.

MSTR

−52.5%

MTYY

−68.3%

15.8 pts behind MSTR

31.3% of it arrived as cash. Both charts share one scale, 0 to −17.0%. MTYY over 1 year: paid 31.3%, price −87.4%, total −68.3%, MSTR −52.5%, −15.8 pts.

What they hold in common

By the books each fund has filed, MSR and MTYY hold 39% 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.

50%

half

39% in common

Positions both hold, largest shared weight first

Holding MSR MTYY

Treasury Bill 100.00% 38.69%

Only in MSR

Only in MTYY

Treasury Bill 61.31%

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	MTYY	MSR	MTYY	MSR	MTYY
3 months	+14.9%	−1.4%	4.1%	11.6%	−49.0 pts	−65.3 pts
6 months	not published	−17.2%	not published	27.3%	not published	−41.9 pts
1 year	not published	−68.3%	not published	31.3%	not published	−15.8 pts
Since launch MSR May 2026 · MTYY Sep 2025	−33.6%	−69.7%	5.2%	31.2%	−16.6 pts	−16.4 pts

MSR and MTYY 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

MTYY

GraniteShares YieldBOOST MSTR ETF · Synthetic covered call on MSTR, paying weekly

Issuer GraniteShares GraniteShares

Strategy autocallable synthetic covered call

Benchmark MicroStrategy (MSTR) MicroStrategy (MSTR)

Pays not established weekly

Payout rate, annualized 44.3% 40.8%

Expense ratio 1.07% 1.07%

Cash paid, 1 year 5.2% (since launch on May 12, 2026) 31.3%

Price change, 1 year −38.4% −87.4%

Total return, 1 year −33.6% (since launch on May 12, 2026) −68.3%

Benchmark return, 1 year −17.0% −52.5%

Ahead or behind −16.6 pts −15.8 pts

Return of capital, latest estimate 0% 94%

Age 141 days 372 days

Net assets $593,832 $1m

MSR and MTYY 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).

MTYY in plain words

Over the year to Sep 30, 2026, MTYY paid 31.3% of its starting value in cash distributions while its price fell 87.4%. With every distribution reinvested, the fund returned −68.3%. MicroStrategy (MSTR) returned −52.5% over the same days, so a holder was behind by 15.8 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 40.8%, paid weekly. GraniteShares estimates that 94% of the distribution paid Sep 1, 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 MTYY?: MSR charges 1.07% a year and MTYY charges 1.07%, so MSR is cheaper. Fees come from each fund's prospectus.

Other comparisons

MSR vs ACYQ MSR vs ACYS MSR vs AHD MSR vs ANV MTYY vs WNTR MTYY vs MSST MTYY vs MSTW MTYY vs MSTY

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

Where these figures came from

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

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 MTYY, data as of Sep 30, 2026. https://etfiq.com/compare/income/msr-vs-mtyy

Open data

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