MSTY Dividend History: Complete Distribution Analysis
Real data from YieldMax MSTR Option Income Strategy ETF - Weekly distributions, NAV erosion analysis, and income calculator
Distribution History Chart
Complete Distribution History
| Date | Amount | Ex-Date | ROC % |
|---|
MSTY Income Calculator
Scenario Analysis
NAV Erosion Analysis: The Return of Capital Problem
What This Means
Most MSTY distributions are classified as "return of capital" (ROC), meaning they come from your invested principal rather than true earnings. Recent weeks show ROC percentages of 14.41%, 98.82%, 98.58%, 14.65%, 100%, 97.91%, 98.59%, and 93.12%.
Key Risk: While the fund shows positive NAV performance, the high distributions are largely returning your own money back to you, gradually eroding the investment principal over time.
Holdings Breakdown
YieldMax ETF Comparison
| ETF | Strategy | Yield | NAV Performance | AUM |
|---|---|---|---|---|
| MSTY | MSTR Covered Calls | 67.6% | +66.96% | $1.05B |
| TSLY | TSLA Covered Calls | ~45% | Variable | $2.1B |
| NVDY | NVDA Covered Calls | ~52% | Variable | $1.8B |
| CONY | COIN Covered Calls | ~38% | Variable | $450M |
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Frequently Asked Questions
What is MSTY's dividend yield?
MSTY's current annualized yield is approximately 67.6% based on recent weekly distributions averaging $0.34-0.44. However, investors must understand that most distributions (90-100%) are classified as return of capital (ROC), not true income from earnings.
How often does MSTY pay dividends?
MSTY switched to weekly distributions in 2026, typically paying every Tuesday. From inception in February 2024 through 2025, it paid monthly. This change to weekly payments provides more consistent cash flow but doesn't change the underlying risks.
Is MSTY a good investment?
MSTY is an extremely risky investment suitable only for sophisticated investors who understand covered call strategies. While it pays high distributions, the fund experiences NAV erosion over time due to its asymmetric risk profile. The high yields come at the cost of principal preservation.
What is return of capital in MSTY?
Return of capital (ROC) means distributions come from your invested principal rather than earnings or profits. Recent MSTY distributions show 90-100% ROC, meaning you're essentially receiving your own invested money back, which reduces the fund's NAV over time.
Why is MSTY's NAV declining?
MSTY uses a synthetic covered call strategy that caps upside potential while exposing investors to full downside risk. When the underlying MSTR stock rises, gains are limited by the sold call options. When it falls, the fund absorbs the full loss. This asymmetric payoff profile inevitably leads to NAV erosion over multiple market cycles.