BSEP vs MSTY
Innovator U.S. Equity Buffer ETF - September vs YieldMax MSTR Option Income Strategy ETF
Which is better, BSEP or MSTY?
Each has led over a different period.
BSEP has a lower expense ratio. BSEP led over 1Y, MSTY over the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BSEP | MSTY |
|---|---|---|
| Expense Ratio | 0.79%Best | 1.03% |
| AUM | $461M | $1.1B |
| Dividend Yield | 0.00% | 172.61% |
| Holdings | 1,520 | 28 |
| YTD Return | +11.09%Best | -4.95% |
| 1Y Return | +13.96%Best | -46.15% |
| 3Y Return (annualized) | +17.39% | - |
| 5Y Return (annualized) | +11.72% | - |
| Volatility (annualized) | 7.5%Best | 78.4% |
| Max Drawdown | -13.4%Best | -77.4% |
| $10,000 over 2.6 years | $14,191 | $16,713Best |
| Fund Family | Innovator ETFs Trust | YieldMax ETF |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Aug 30, 2019 | Feb 21, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Feb 22, 2024 to Oct 12, 2026 (2.6 years).
BSEP vs MSTY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.6 years both funds cover.
BSEP vs MSTY Performance
Innovator U.S. Equity Buffer ETF - September (BSEP) is an ETF from Innovator ETFs Trust and YieldMax MSTR Option Income Strategy ETF (MSTY) is an ETF from YieldMax ETF. Over the past year BSEP returned +13.96% while MSTY returned -46.15%. Year to date, BSEP is up 11.09% versus a loss of 4.95% for MSTY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MSTY has been the more volatile fund, with annualized monthly volatility of 78.4% compared with 7.5% for BSEP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -13.4% for BSEP and -77.4% for MSTY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.29. They move largely independently of each other.
Fees and Cost Over Time
BSEP charges 0.79% per year while MSTY charges 1.03%. On a $10,000 position that is $79 vs $103 annually, a gap of $24 per year that compounds over a long holding period. On income, BSEP currently yields 0.00% against 172.61% for MSTY.
Holdings Overlap
We hold position weights for 494 holdings in BSEP and 2 in MSTY, totalling 98.2% and 14.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 494 positions we hold weights for in BSEP and 2 in MSTY, against full books of 1,520 and 28.
You are not choosing between two funds in isolation.
Whichever of BSEP and MSTY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BSEP or MSTY?
BSEP has an expense ratio of 0.79% while MSTY charges 1.03%. BSEP is the cheaper option, by $24 a year on a $10,000 investment.
Which performed better, BSEP or MSTY?
Over the past year BSEP returned +13.96% vs -46.15% for MSTY, so BSEP leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BSEP or MSTY?
MSTY has been the more volatile fund at 78.4% annualized versus 7.5% for BSEP. Worst drawdown: BSEP -13.4% vs MSTY -77.4%.
Should I hold both BSEP and MSTY?
BSEP and MSTY have a monthly-return correlation of 0.29, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BSEP or MSTY?
BSEP yields 0.00% while MSTY yields 172.61%, so MSTY currently pays the higher dividend yield.
Is MSTY better than BSEP?
BSEP has a lower expense ratio. BSEP led over 1Y, MSTY over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.