MSST vs LTAX

Comparison between YieldMax MSTR Performance & Distribution Target 25 ETF (MSST, ETF) and Nomura TaxFree USA ETF (LTAX, ETF).

MSST vs LTAX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MSST(ETF)	LTAX(ETF)
Net Assets	$6.10M	$6.20M
Expense Ratio	0.99%	0.39%
Max Drawdown	46.73%	3.49%
Sharpe Ratio	-0.96	0.06
5Y Beta	2.80	0.16

Net Assets

MSST

$6.10M

Winner

LTAX

$6.20M

Expense Ratio

MSST

0.99%

Winner

LTAX

0.39%

Max Drawdown

MSST

46.73%

Winner

LTAX

3.49%

Sharpe Ratio

MSST

-0.96

Winner

LTAX

0.06

5Y Beta

MSST

2.80

Winner

LTAX

0.16

MSST vs LTAX - Historical Returns

Returns include dividend reinvestment.

Period	MSST	LTAX
1 month	-34.97%	+0.82%
3 months	-16.73%	+1.01%
6 months	-31.64%	N/A
Max(CAGR)	-59.69%	+3.92%

MSST

-34.97%

Winner

LTAX

+0.82%

MSST

-16.73%

Winner

LTAX

+1.01%

MSST

-31.64%

LTAX

N/A

Max(CAGR)

MSST

-59.69%

Winner

LTAX

+3.92%

MSST vs LTAX - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	MSST	LTAX
2026	-23.18%	+1.52%
2025	-22.97%	N/A

MSST vs LTAX Drawdown Comparison

The maximum drawdown for MSST was -44.07%, occurring on Feb 5, 2026. This drawdown has not yet recovered.

The maximum drawdown for LTAX was -3.18%, occurring on Mar 24, 2026. Recovery took 64 trading sessions.

The current MSST drawdown is -39.05%. The current LTAX drawdown is -0.38%.

Rank	MSST	LTAX
#1	-44.07% Nov 18, 2025 - Feb 5, 2026	-3.18% Feb 26, 2026 - May 29, 2026
#2	N/A	-0.78% Jan 14, 2026 - Feb 5, 2026
#3	N/A	-0.38% Jun 4, 2026 - Jun 5, 2026
#4	N/A	-0.27% Feb 10, 2026 - Feb 12, 2026
#5	N/A	-0.27% Feb 5, 2026 - Feb 9, 2026
#6	N/A	-0.21% Jun 2, 2026 - Jun 4, 2026
#7	N/A	-0.19% Feb 24, 2026 - Feb 26, 2026
#8	N/A	-0.01% Feb 13, 2026 - Feb 18, 2026
#9	N/A	-0.00% Feb 19, 2026 - Feb 24, 2026