Which paid more, MTYY or WNTR?

Over the year to Sep 30, 2026, MTYY paid 31.3% 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, MTYY or WNTR?

With every distribution reinvested, MTYY returned −68.3% and WNTR +20.1% over the year to Sep 30, 2026.

Which is cheaper, MTYY or WNTR?

MTYY charges 1.07% a year and WNTR charges 1.00%, so WNTR is cheaper. Fees come from each fund's prospectus.

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

Over the year WNTR paid 85.5% of its price in cash against MTYY’s 31.3%, and returned more with it reinvested. GraniteShares YieldBOOST MSTR ETF and YieldMax(R) MSTR Short Option Income Strategy ETF.

31.3%

MTYY cash paid, 1 year

85.5%

WNTR cash paid, 1 year

−68.3%

MTYY total return, 1 year

+20.1%

WNTR total return, 1 year

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. Total return, distributions reinvested. MTYY over 1 year: paid 31.3%, price −87.4%, total −68.3%, MSTR −52.5%, −15.8 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?

MTYY 7.8

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, MTYY and WNTR hold 29% 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

29% in common

Positions both hold, largest shared weight first

Holding MTYY WNTR

Treasury Bill 61.31% 28.86%

Only in MTYY

Treasury Bill 38.69%

Only in WNTR

TREASURY BILL 24.52%

TREASURY BILL 19.02%

TREASURY BILL 14.57%

TREASURY BILL 13.03%

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	MTYY	WNTR	MTYY	WNTR	MTYY	WNTR
3 months	−1.4%	−34.6%	11.6%	16.9%	−65.3 pts	−98.5 pts
6 months	−17.2%	−33.8%	27.3%	28.8%	−41.9 pts	−58.5 pts
1 year	−68.3%	+20.1%	31.3%	85.5%	−15.8 pts	+72.6 pts
Since launch MTYY Sep 2025 · WNTR Mar 2025	−69.7%	+10.0%	31.2%	80.9%	−16.4 pts	+62.8 pts

MTYY 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

MTYY

GraniteShares YieldBOOST MSTR 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 GraniteShares YieldMax

Strategy synthetic covered call synthetic covered call

Benchmark MicroStrategy (MSTR) MicroStrategy (MSTR)

Pays weekly weekly

Payout rate, annualized 40.8% 61.6%

Expense ratio 1.07% 1.00%

Cash paid, 1 year 31.3% 85.5%

Price change, 1 year −87.4% −48.1%

Total return, 1 year −68.3% +20.1%

Benchmark return, 1 year −52.5% −52.5%

Ahead or behind −15.8 pts +72.6 pts

Return of capital, latest estimate 94% 95%

Age 372 days 552 days

Net assets $1m $57m

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

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).

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, MTYY or WNTR?: Over the year to Sep 30, 2026, MTYY paid 31.3% 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, MTYY or WNTR?: With every distribution reinvested, MTYY returned −68.3% and WNTR +20.1% over the year to Sep 30, 2026.
Which is cheaper, MTYY or WNTR?: MTYY charges 1.07% a year and WNTR charges 1.00%, so WNTR is cheaper. Fees come from each fund's prospectus.

Other comparisons

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

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

Where these figures came from

MTYY filings on SEC EDGAR ↗MTYY prospectus with the expense ratio (SEC) ↗MTYY 19a-1 distribution notice ↗GraniteShares page for MTYY ↗WNTR filings on SEC EDGAR ↗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, MTYY against WNTR, data as of Sep 30, 2026. https://etfiq.com/compare/income/mtyy-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.