{"schemaVersion":1,"ticker":"MSST","asOf":"2026-10-26","desk":"income","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/msst/","methodology":"https://etfiq.com/methodology/","as_of":"2026-10-26","credit":"Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent","class":"mixed","license":"https://etfiq.com/license/","license_text":"Only the numbers in etfiq_fields are ETFIQ's, free to use with attribution: ETFIQ (etfiq.com). Every other number stays under its owner's terms: issuer_fields as the issuer published them, vendor_fields from an end-of-day data vendor.","fields_note":"Not yet classed field by field: only data ETFIQ computes is covered by its licence.","cite_as":"ETFIQ, Risk and return scorecard, MSST against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/msst/"},"benchmark":{"ticker":"MSTR","name":"MicroStrategy (MSTR)","tier":1,"kind":"stock","basisOnPage":"total","basisHere":"total"},"tax":{"estimate":{"label":"issuer's Rule 19a-1 estimate, latest distribution","returnOfCapital":99.45,"date":"2026-10-21","url":"https://yieldmaxetfs.com/our-etfs/msst/"},"estimateWindow":{"label":"issuer's Rule 19a-1 estimates, weighted by amount","returnOfCapital":69.6,"from":"2025-12-03","to":"2026-10-21","notices":41,"distributions":47,"full":false},"final":{"label":"annual report (Form N-CSR), final tax character","returnOfCapital":88.49,"fiscalYearEnd":"2026-07-31","filed":"2026-10-07","url":"https://www.sec.gov/Archives/edgar/data/1924868/000199937126022354/ymax-ncsr_073126.htm"},"estimateLessFinal":{"points":-20.56,"fiscalYearEnd":"2026-07-31"}},"kind":"benchmark","a":"MSST","b":"MSTR","window":{"from":"2025-11-28","to":"2026-10-23","firstReturn":"2025-12-05","weeklyReturns":47,"years":0.9,"short":true,"weekEnding":"2026-10-25","cumulativeOnly":"47 weekly returns, 2025-11-28 to 2026-10-23: cumulative numbers only, nothing annualised"},"riskFree":{"rate":0.03778106,"perWeek":0.0007265588,"days":227,"series":"13-week Treasury bill, coupon equivalent, average of daily yields","source":"U.S. Department of the Treasury, Daily Treasury Bill Rates","url":"https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_bill_rates"},"measures":{"total":{"a":-0.20308697,"b":-0.17592279,"edge":"MSTR","lead":"MSTR"},"annualised":{"a":null,"b":null,"absent":"47 weekly returns, under the 52 an annualised number needs"},"price":{"a":-0.3653466,"b":-0.17592279,"edge":"MSTR","lead":"MSTR"},"volatility":{"a":null,"b":null,"absent":"47 weekly returns, under the 52 an annualised number needs"},"downsideDeviation":{"a":null,"b":null,"absent":"47 weekly returns, under the 52 an annualised number needs"},"maxDrawdown":{"a":-0.54249629,"b":-0.56122395,"edge":"MSST (slight)","lead":"MSST","aPeak":"2026-05-08","aTrough":"2026-06-26","bPeak":"2026-05-08","bTrough":"2026-06-26"},"excess":{"a":null,"b":null,"absent":"47 weekly returns, under the 52 an annualised number needs"},"sharpe":{"a":null,"b":null,"absent":"47 weekly returns, under the 52 an annualised number needs"},"sortino":{"a":null,"b":null,"absent":"47 weekly returns, under the 52 an annualised number needs"},"calmar":{"a":null,"b":null,"absent":"47 weekly returns, under the 52 an annualised number needs"}},"relative":{"MSST":{"on":"MSTR","beta":0.87410276,"r2":0.98278188,"alpha":null,"alphaT":null,"alphaLow":null,"alphaHigh":null,"upsideCapture":null,"downsideCapture":null,"treynor":null,"trackingError":null,"informationRatio":null,"upWeeks":22,"downWeeks":25,"absent":"47 weekly returns: alpha, Treynor, the captures, tracking error and the information ratio need 52","edges":{"beta":{"edge":"Lower beta","neutral":true},"r2":{"edge":"Good fit","neutral":true}}}},"sources":{"MSST":{"kept":"2026-10-26","distributions":47,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[{"ex":"2025-12-02","amount":0.2231,"vendor":0.210931},{"ex":"2026-05-12","amount":0.2049,"vendor":0.216603},{"ex":"2026-06-02","amount":0.1725,"vendor":0.189748},{"ex":"2026-06-09","amount":0.1474,"vendor":0.158245}],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":8,"agree":8},"vendor":{"weeks":47,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":-0.20308697}},"MSTR":{"kept":"2026-10-26","distributions":0,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":47,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":-0.17592279}}}}