AJAN vs MSTY
Innovator Equity Defined Protection ETF - 2 Yr to January 2028 vs YieldMax MSTR Option Income Strategy ETF
Which is better, AJAN or MSTY?
Each has led over a different period.
AJAN has a lower expense ratio. AJAN 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 | AJAN | MSTY |
|---|---|---|
| Expense Ratio | 0.79%Best | 1.03% |
| AUM | $42M | $1.1B |
| Dividend Yield | 0.00% | 140.54% |
| Holdings | 15 | 28 |
| YTD Return | +2.93%Best | -10.02% |
| 1Y Return | +4.37%Best | -46.73% |
| Volatility (annualized) | 2.7%Best | 78.6% |
| Max Drawdown | -4.1%Best | -77.4% |
| $10,000 over 2.6 years | $11,607 | $15,819Best |
| Fund Family | Innovator ETFs Trust | YieldMax ETF |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Jan 2, 2024 | Feb 21, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), 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 14, 2026 (2.6 years).
AJAN 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
AJAN vs MSTY Performance
Innovator Equity Defined Protection ETF - 2 Yr to January 2028 (AJAN) 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 AJAN returned +4.37% while MSTY returned -46.73%. Year to date, AJAN is up 2.93% versus a loss of 10.02% 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 78.6% compared with 2.7% for AJAN. 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 -4.1% for AJAN 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 0.30. They move together some of the time, and apart the rest.
Fees and Cost Over Time
AJAN 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, AJAN currently yields 0.00% against 140.54% for MSTY.
You are not choosing between two funds in isolation.
Whichever of AJAN 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, AJAN or MSTY?
AJAN has an expense ratio of 0.79% while MSTY charges 1.03%. AJAN is the cheaper option, by $24 a year on a $10,000 investment.
Which performed better, AJAN or MSTY?
Over the past year AJAN returned +4.37% vs -46.73% for MSTY, so AJAN leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AJAN or MSTY?
MSTY has been the more volatile fund at 78.6% annualized versus 2.7% for AJAN. Worst drawdown: AJAN -4.1% vs MSTY -77.4%.
Should I hold both AJAN and MSTY?
AJAN and MSTY have a monthly-return correlation of 0.30, 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, AJAN or MSTY?
AJAN yields 0.00% while MSTY yields 140.54%, so MSTY currently pays the higher dividend yield.
Is MSTY better than AJAN?
AJAN has a lower expense ratio. AJAN 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.