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

MSST and MTYY both write options for income. YieldMax MSTR Performance & Distribution Target 25 ETF and GraniteShares YieldBOOST MSTR ETF.

13.6%

MSST cash paid, since launch

31.3%

MTYY cash paid, 1 year

−27.4%

MSST total return, since launch

−68.3%

MTYY total return, 1 year

MSST · since launch to Sep 30, 20261.4 pts behind MSTR

MSST

−27.4%

MSTR

−26.0%

1.4 pts behind MSTR

MSST since launch: paid 13.6%, price −41.4%, total −27.4%, MSTR −26.0%, −1.4 pts.

MSTR

−26.0%

MSST

−27.4%

1.4 pts behind MSTR

Total return, distributions reinvested

1.4 pts behind MSTR

MSST since launch: paid 13.6%, price −41.4%, total −27.4%, MSTR −26.0%, −1.4 pts.

MSTR

−26.0%

MSST

−27.4%

1.4 pts behind MSTR

13.6% of it arrived as cash. Total return, distributions reinvested. MSST since launch: paid 13.6%, price −41.4%, total −27.4%, MSTR −26.0%, −1.4 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 −26.0%. 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, MSST and MTYY 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 Oct 1, 2026.

50%

half

0% in common

Positions both hold, largest shared weight first

Holding MSST MTYY

Only in MSST

MSTR 11/20/2026 135.01 C 46.55%

United States Treasury Bill 12/10/2026 22.10%

United States Treasury Note/Bond 2.375% 05/15/2027 20.69%

United States Treasury Bill 02/18/2027 20.61%

First American Government Obligations Fund 12/01/2031 12.93%

MSTR US 10/16/26 C160 6.85%

MSTR US 10/16/26 C165 1.17%

MSTR US 10/16/26 C170 0.91%

Only in MTYY

Treasury Bill 61.31%

Treasury Bill 38.69%

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	MSST	MTYY	MSST	MTYY	MSST	MTYY
3 months	+50.9%	−1.4%	7.3%	11.6%	−13.1 pts	−65.3 pts
6 months	+9.6%	−17.2%	11.7%	27.3%	−15.1 pts	−41.9 pts
1 year	not published	−68.3%	not published	31.3%	not published	−15.8 pts
Since launch MSST Nov 2025 · MTYY Sep 2025	−27.4%	−69.7%	13.6%	31.2%	−1.4 pts	−16.4 pts

MSST 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

MSST

YieldMax MSTR Performance & Distribution Target 25 ETF · Synthetic covered call on MSTR, paying weekly

MTYY

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

Issuer YieldMax GraniteShares

Strategy synthetic covered call synthetic covered call

Benchmark MicroStrategy (MSTR) MicroStrategy (MSTR)

Pays weekly weekly

Payout rate, annualized 26.3% 40.8%

Expense ratio not published 1.07%

Cash paid, 1 year 13.6% (since launch on Nov 18, 2025) 31.3%

Price change, 1 year −41.4% −87.4%

Total return, 1 year −27.4% (since launch on Nov 18, 2025) −68.3%

Benchmark return, 1 year −26.0% −52.5%

Ahead or behind −1.4 pts −15.8 pts

Return of capital, latest estimate 80% 94%

Age 316 days 372 days

Net assets $5m $1m

MSST and MTYY on the same fields, as of Sep 30, 2026. Source: ETFIQ.

MSST in plain words

Over the period since launch on Nov 18, 2025 to Sep 30, 2026, MSST paid 13.6% of its starting value in cash distributions while its price fell 41.4%. With every distribution reinvested, the fund returned −27.4%. MicroStrategy (MSTR) returned −26.0% over the same days, so a holder was behind by 1.4 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 26.3%, paid weekly. YieldMax estimates that 80% of the distribution paid Sep 30, 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).

Other comparisons

MSST vs MSTW MSST vs WNTR MSST vs MSTY MSST vs MSR MTYY vs WNTR MTYY vs MSTW MTYY vs MSTY MTYY vs MSR

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

Where these figures came from

MSST 19a-1 distribution notice ↗YieldMax page for MSST ↗MTYY filings on SEC EDGAR ↗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, MSST against MTYY, data as of Sep 30, 2026. https://etfiq.com/compare/income/msst-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.