NVIR vs MSST

Comparison between HORIZON KINETICS ENERGY AND REMEDIATION ETF (NVIR, ETF) and YieldMax MSTR Performance & Distribution Target 25 ETF (MSST, ETF).

NVIR vs MSST - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NVIR(ETF)	MSST(ETF)
Net Assets	$6.10M	$6.10M
Expense Ratio	0.85%	0.99%
Max Drawdown	23.63%	46.73%
Sharpe Ratio	1.58	-0.96
5Y Beta	0.75	2.80
P/E Ratio	28.96	N/A
Forward P/E	15.79	N/A
PEG Ratio	1.45	N/A
Debt to Equity	67.51%	N/A
P/S Ratio	2.71	N/A
P/B Ratio	3.03	N/A

Net Assets

NVIR

$6.10M

MSST

$6.10M

Expense Ratio

Winner

NVIR

0.85%

MSST

0.99%

Max Drawdown

Winner

NVIR

23.63%

MSST

46.73%

Sharpe Ratio

Winner

NVIR

1.58

MSST

-0.96

5Y Beta

Winner

NVIR

0.75

MSST

2.80

P/E Ratio

NVIR

28.96

MSST

N/A

Forward P/E

NVIR

15.79

MSST

N/A

PEG Ratio

NVIR

1.45

MSST

N/A

Debt to Equity

NVIR

67.51%

MSST

N/A

P/S Ratio

NVIR

2.71

MSST

N/A

P/B Ratio

NVIR

3.03

MSST

N/A

NVIR vs MSST - Holdings Comparison

NVIR and MSST have 0 common holdings. Overlap is 0.00%

NVIR's top 25 holdings weight is 85.43%. MSST's top 25 holdings weight is 2.27%.

Rank	NVIR	MSST
#1	CES ENERGY SOLUTIONS CORP (CESDF) - 6.53%	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 2.27%
#2	WILLIAMS COMPANIES INC (WMB) - 5.61%	N/A
#3	TEXAS PACIFIC LAND CORP (TPL) - 5.27%	N/A
#4	SUNCOR ENERGY INC (n/a) - 4.77%	N/A
#5	ENERFLEX LTD (n/a) - 4.63%	N/A
#6	WATERBRIDGE INFRASTRUCTURE LLC ORDINARY SHARES CLASS A (WBI) - 4.60%	N/A
#7	PERMIAN BASIN ROYALTY TRUST (PBT) - 4.55%	N/A
#8	EXXON MOBIL CORP (XOM) - 4.34%	N/A
#9	EQT CORP (EQT) - 4.20%	N/A
#10	CHENIERE ENERGY INC (LNG) - 3.84%	N/A
#11	PRAIRIESKY ROYALTY LTD (PREKF) - 3.48%	N/A
#12	DIAMONDBACK ENERGY INC (FANG) - 3.45%	N/A
#13	SELECT WATER SOLUTIONS INC CLASS A (WTTR) - 2.90%	N/A
#14	TETRA TECHNOLOGIES INC (TTI) - 2.81%	N/A
#15	EXPAND ENERGY CORP ORDINARY SHARES NEW (EXE) - 2.77%	N/A
#16	EOG RESOURCES INC (EOG) - 2.74%	N/A
#17	CONOCOPHILLIPS (COP) - 2.70%	N/A
#18	TRICAN WELL SERVICE LTD (n/a) - 2.54%	N/A
#19	SLB LTD (SLB) - 2.39%	N/A
#20	LIBERTY ENERGY INC CLASS A (LBRT) - 2.26%	N/A
#21	OCCIDENTAL PETROLEUM CORP (OXY) - 2.25%	N/A
#22	FLOWSERVE CORP (FLS) - 1.95%	N/A
#23	WATTS WATER TECHNOLOGIES INC CLASS A (WTS) - 1.76%	N/A
#24	ECOLAB INC (ECL) - 1.62%	N/A
#25	ITRON INC (ITRI) - 1.47%	N/A
Total Holdings	42	1

NVIR vs MSST - Historical Returns

Returns include dividend reinvestment.

Period	NVIR	MSST
1 month	-5.02%	-34.97%
3 months	-0.88%	-16.73%
6 months	+14.69%	-31.64%
1 year	+32.60%	N/A
Max(CAGR)	+16.09%	-59.69%

Winner

NVIR

-5.02%

MSST

-34.97%

Winner

NVIR

-0.88%

MSST

-16.73%

Winner

NVIR

+14.69%

MSST

-31.64%

NVIR

+32.60%

MSST

N/A

Max(CAGR)

Winner

NVIR

+16.09%

MSST

-59.69%

NVIR vs MSST - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

Year	NVIR	MSST
2026	+16.95%	-23.18%
2025	+8.54%	-22.97%
2024	+17.58%	N/A
2023	+6.91%	N/A

NVIR vs MSST Drawdown Comparison

The maximum drawdown for NVIR was -22.48%, occurring on Apr 8, 2025. Recovery took 240 trading sessions.

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

The current NVIR drawdown is -6.17%. The current MSST drawdown is -39.05%.

Rank	NVIR	MSST
#1	-22.48% Nov 22, 2024 - Nov 10, 2025	-44.07% Nov 18, 2025 - Feb 5, 2026
#2	-13.07% Mar 3, 2023 - Jul 11, 2023	N/A
#3	-9.79% Sep 12, 2023 - Mar 19, 2024	N/A
#4	-7.07% Jul 31, 2024 - Sep 24, 2024	N/A
#5	-7.04% Mar 27, 2026 - Apr 17, 2026	N/A
#6	-5.00% Dec 5, 2025 - Jan 13, 2026	N/A
#7	-4.89% Apr 5, 2024 - May 17, 2024	N/A
#8	-4.64% Oct 11, 2024 - Nov 6, 2024	N/A
#9	-4.43% May 20, 2024 - Jul 15, 2024	N/A
#10	-3.74% Nov 11, 2025 - Dec 3, 2025	N/A
#11	-3.45% Sep 24, 2024 - Oct 2, 2024	N/A
#12	-2.94% Jul 16, 2024 - Jul 31, 2024	N/A
#13	-2.40% Mar 2, 2026 - Mar 19, 2026	N/A
#14	-2.32% Aug 9, 2023 - Aug 30, 2023	N/A
#15	-2.22% Jul 13, 2023 - Jul 20, 2023	N/A

Correlation

Correlation between NVIR and MSST is -0.39 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.39

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