Which paid more, MSTY or WNTR?

Over the year to Sep 30, 2026, MSTY paid 32.3% of its starting price in cash and WNTR paid 85.5%, so WNTR paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, MSTY or WNTR?

With every distribution reinvested, MSTY returned −47.1% and WNTR +20.1% over the year to Sep 30, 2026.

Which is cheaper, MSTY or WNTR?

MSTY charges 0.99% a year and WNTR charges 1.00%, so MSTY is cheaper. Fees come from each fund's prospectus.

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

Over the year WNTR paid 85.5% of its price in cash against MSTY’s 32.3%, and returned more with it reinvested. YieldMax(R) MSTR Option Income Strategy ETF and YieldMax(R) MSTR Short Option Income Strategy ETF.

32.3%

MSTY cash paid, 1 year

85.5%

WNTR cash paid, 1 year

−47.1%

MSTY total return, 1 year

+20.1%

WNTR total return, 1 year

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

WNTR · 1 year to Sep 30, 202672.6 pts ahead of MSTR

WNTR

+20.1%

MSTR

−52.5%

72.6 pts ahead of MSTR

WNTR over 1 year: paid 85.5%, price −48.1%, total +20.1%, MSTR −52.5%, +72.6 pts.

MSTR

−52.5%

WNTR

+20.1%

85.5% as cash

72.6 pts ahead of MSTR

Total return, distributions reinvested

72.6 pts ahead of MSTR

WNTR over 1 year: paid 85.5%, price −48.1%, total +20.1%, MSTR −52.5%, +72.6 pts.

MSTR

−52.5%

WNTR

+20.1%

72.6 pts ahead of MSTR

85.5% of it arrived as cash. Both charts share one scale, 0 to +20.1%. WNTR over 1 year: paid 85.5%, price −48.1%, total +20.1%, MSTR −52.5%, +72.6 pts.

ETFIQ Return Stability Score · WNTR scores higherWas the payout funded by returns, or by your own capital?

MSTY 47.9

WNTR 73.6

7.2, the lowest in this set97.2, the highest

A percentile among the 70 income ETFs writing on a single company. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it → How it is computed →

What they hold in common

By the books each fund has filed, MSTY and WNTR hold 72% 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.

50%

half

72% in common

Positions both hold, largest shared weight first

Holding MSTY WNTR

TREASURY BILL 21.55% 24.52%

TREASURY BILL 36.59% 19.02%

TREASURY BILL 25.38% 14.57%

TREASURY BILL 12.54% 13.03%

TREASURY BILL 3.94% 28.86%

Only in MSTY

Only in WNTR

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	MSTY	WNTR	MSTY	WNTR	MSTY	WNTR
3 months	+52.6%	−34.6%	22.8%	16.9%	−11.3 pts	−98.5 pts
6 months	+15.9%	−33.8%	35.5%	28.8%	−8.8 pts	−58.5 pts
1 year	−47.1%	+20.1%	32.3%	85.5%	+5.4 pts	+72.6 pts
Since launch MSTY Feb 2024 · WNTR Mar 2025	+77.4%	+10.0%	223.7%	80.9%	−37.2 pts	+62.8 pts

MSTY and WNTR over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

MSTY

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

WNTR

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

Issuer YieldMax YieldMax

Strategy synthetic covered call synthetic covered call

Benchmark MicroStrategy (MSTR) MicroStrategy (MSTR)

Pays weekly weekly

Payout rate, annualized 110.8% 61.6%

Expense ratio 0.99% 1.00%

Cash paid, 1 year 32.3% 85.5%

Price change, 1 year −77.0% −48.1%

Total return, 1 year −47.1% +20.1%

Benchmark return, 1 year −52.5% −52.5%

Ahead or behind +5.4 pts +72.6 pts

Return of capital, latest estimate 99% 95%

Age 951 days 552 days

Net assets $1.1bn $57m

MSTY and WNTR on the same fields, as of Sep 30, 2026. Source: ETFIQ.

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).

WNTR in plain words

Over the year to Sep 30, 2026, WNTR paid 85.5% of its starting value in cash distributions while its price fell 48.1%. With every distribution reinvested, the fund returned +20.1%. MicroStrategy (MSTR) returned −52.5% over the same days, so a holder was ahead by 72.6 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 61.6%, paid weekly. YieldMax estimates that 95% 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 paid more, MSTY or WNTR?: Over the year to Sep 30, 2026, MSTY paid 32.3% of its starting price in cash and WNTR paid 85.5%, so WNTR paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, MSTY or WNTR?: With every distribution reinvested, MSTY returned −47.1% and WNTR +20.1% over the year to Sep 30, 2026.
Which is cheaper, MSTY or WNTR?: MSTY charges 0.99% a year and WNTR charges 1.00%, so MSTY is cheaper. Fees come from each fund's prospectus.

Other comparisons

MSTY vs JEPI MSTY vs JEPQ MSTY vs MSFO MSTY vs MSR WNTR vs MSST WNTR vs MSTW WNTR vs MTYY WNTR vs MSR

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

Where these figures came from

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

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

Open data

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