MSST YieldMax MSTR Performance & Distribution Target 25 ETF
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Since launch in Nov 2025, MSST paid 14.7% in cash and lost 31.0% in total, against −29.8% for MSTR.
Promise check: MissedOver the time since its launch to Oct 28, 2026, MSST paid 14.7% in cash and returned −31.0% in total, covering −210.9% of its payout.
MSST risk and return scorecard
vs MSTR · Nov 2025 to Oct 2026 · 47 weekly returns · dividend-adjusted
47 weekly returns: annualized numbers and ratios need 52.
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 Method · Data
Money in and out
Net fund flows · Oct 27, 2026What you earned
What can be shown yet
First traded Nov 18, 2025More on MSST
Every number below is on this page. Open what you need.Price and total return since launch, Nov 18, 2025
$29.06+2.1%1 day, priceClose, Oct 28, 2026
Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.
Source: Tiingo end-of-day prices. Data as of Oct 28, 2026. Updated every trading night. Report a data error
| Window | Total return | Cash paid | Price | MSTR | Ahead or behind |
|---|---|---|---|---|---|
| 1M Sep 28 – Oct 28, 2026 | −6.7% | 2.3% | −8.9% | −7.6% | +0.9 pts |
| 3M Jul 29 – Oct 28, 2026 | +40.7% | 8.0% | +32.1% | +55.5% | −14.8 pts |
| 6M Apr 29 – Oct 28, 2026 | −15.5% | 9.4% | −25.5% | −8.2% | −7.3 pts |
| YTD Dec 31, 2025 – Oct 28, 2026 | −10.4% | 16.8% | −27.2% | −4.5% | −5.9 pts |
| Since launch Nov 18, 2025 – Oct 28, 2026 | −31.0% | 14.7% | −45.3% | −29.8% | −1.2 pts |
Total returns, distributions reinvested. Listed Nov 2025: no 1 year and 3 years windows.
Source: Tiingo end-of-day prices, with distributions reinvested.
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Money in and out
Daily data · as of Oct 27, 2026MSST: in the 18 trading days to Oct 27, 2026, net $2.3m came in, over 17 of 18 trading days.
Oct 27, 2026
Oct 21, 2026 to Oct 27, 2026
monthly, from SEC filings
MSST, net flow each trading day over the 65 sessions from Jul 28, 2026 to Oct 27, 2026: money came in on 2 days and went out on 0 days, of the 17 days with daily data; the other 48 have none. Before Oct 2, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.
In on 2 days, out on 0. 48 days missing.
MSST, net flow each trading day over the 251 sessions from Oct 28, 2025 to Oct 27, 2026: money came in on 2 days and went out on 0 days, of the 17 days with daily data; the other 234 have none. Before Oct 2, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.
In on 2 days, out on 0. 234 days missing.
MSST, net flow each trading day over the 400 sessions from Mar 26, 2025 to Oct 27, 2026: money came in on 2 days and went out on 0 days, of the 17 days with daily data; the other 383 have none. Before Oct 2, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.
In on 2 days, out on 0. 383 days missing.
Daily data starts Oct 2, 2026.
How this is computed
Computed by ETFIQ from YieldMax’s daily data: each day’s change in shares outstanding times the previous day’s net asset value. Percentages are of net assets at the start of each window. Numbers are net: money in less money out. Every day and month ETFIQ holds for MSST, back to Nov 2025, is in its flows file. Flows across every fund · How these flows are computed · Compare MSST with other funds in the flows tool
Every trading day, last 3 months17 days
Most recent first.
Week by week, last year5 weeks
Net flow into MSST each week, Oct 2, 2026 to Oct 27, 2026, most recent first, each week named by its last trading day with data. Computed by ETFIQ.
Month by month, money in and money outNov 2025 to Oct 2026
MSST, money in and money out each month from Nov 2025 to Jul 2026: two bars a month, money in above the line and money out below. Every bar is from MSST’s SEC filings (N-PORT item B.6). Oct 2026 is still in progress, so it is in the list and not drawn. Of the 10 months listed, money came in on net in 5 and went out in 2.
Every bar is from MSST’s SEC filings (N-PORT item B.6). Of the 10 months listed, money came in on net in 5 and went out in 2.
Most recent first.
How this is computed
N-PORT months: money in is sales plus reinvestments; money out is redemptions. Months summed from daily data: money in adds the days money came in; money out adds the days it went out.
N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.
Source: ETFIQ, from the fund’s daily share counts and net asset values, and its SEC N-PORT filings. Data as of Oct 27, 2026. Last checked Oct 29, 2026.
MSST key stats
MSST return of capital and tax
Trading
as of Oct 27, 2026
Thin: its typical spread is 0.85% of its price.
13 distributions for MSST, $0.1061 to $0.1574 a share and $0.1345 in the middle, Aug 4, 2026 to Oct 27, 2026. 6 further ex-dates are expected with no amount the issuer has declared, so they are not drawn.
MSST pays weekly. The last distribution was $0.1419 a share, which went ex on Oct 27, 2026, with payment about 1 day later. The next has not been declared. On its own cadence of about 7 days the ex-date falls near Nov 3, 2026; that date is an ETFIQ projection, not the issuer’s.
Expected distributions for MSST. A projected row carries the fund’s own spacing forward from its last ex-date, at the last amount paid. Neither is an issuer statement. Source: ETFIQ.
Cash distributions per share for MSST. Source: ETFIQ from Tiingo end-of-day distributions.
Source: ETFIQ, from Tiingo end-of-day distributions.
Also against MSR.
About MSST
How we measure
12 seats on MSST, as of Oct 28, 2026: 6 Challenges, 6 Not enough data.
Questions people ask about MSST
- How much has MSST paid since it launched?
- Over the period from its first trade on Nov 18, 2025 to Oct 28, 2026, MSST paid 14.7% of its starting price in cash distributions, while the price fell 45.3%.
- Is MSST ahead of MSTR?
- Over the period from its first trade on Nov 18, 2025 to Oct 28, 2026, with every distribution reinvested, MSST returned −31.0% against −29.8% for MicroStrategy (MSTR), so a holder was behind it by 1.2 points.
- How often does MSST pay, and how much?
- MSST pays weekly. The latest distribution annualizes to 25.4% at its price on Oct 28, 2026, which is not a promise; the next one can differ.
- Is the MSST distribution return of capital?
- YieldMax estimates 99% of the distribution paid Oct 21, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion.
- When does MSST next pay a distribution?
- MSST pays weekly. The last distribution went ex on Oct 27, 2026 at $0.1419 a share. The next is not declared; on a cadence of about 7 days the ex-date falls near Nov 3, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 1 day.
- What does MSST cost?
- The prospectus expense ratio is 0.99% a year.
- How much of MSST’s distribution is return of capital?
- YieldMax’s Rule 19a-1 notice estimates 99.5% of the distribution paid Oct 21, 2026 was return of capital. Across its notices for distributions paid Dec 3, 2025 to Oct 21, 2026, the estimate is 69.6%. The annual report for the fiscal year to Jul 31, 2026 puts it at 88.5% of distributions. Estimates come before the fund year closes and often change.
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Cite this pageCitation, APA and Markdown
ETFIQ, MSST, income ETFs, data as of Oct 28, 2026. https://etfiq.com/funds/msst
ETFIQ. (Oct 28, 2026). MSST, income ETFs. Retrieved from https://etfiq.com/funds/msst
[MSST, income ETFs (ETFIQ, Oct 28, 2026)](https://etfiq.com/funds/msst)
The payout bar for MSST, redrawn every trading night.
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<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/msst"><img src="https://etfiq.com/assistant/api/embed/income/msst.svg" alt="MSST: MSST since launch: paid 14.7%, price −45.3%, total −31.0%, MSTR −29.8%, −1.2 pts. Data to Oct 28, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">MSST: MSST since launch: paid 14.7%, price −45.3%, total −31.0%, MSTR −29.8%, −1.2 pts. Data to Oct 28, 2026. Data: <a href="https://etfiq.com/funds/msst">ETFIQ</a></figcaption>
</figure>The day's ETF flows, a comparison and one number. Every trading morning. About the Daily
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