$50,000 book
Weekly
$500
Monthly
$2,174
Guess: 1% of NAV each week. This is not the live payout rate.
Recent one-month pace: $892/wk · $3,880/mo
50/50 MSTY + WNTR · paid either way
Why own both? Cash from both sides of MSTR.
A 50/50 book means half your dollars in MSTY and half in WNTR. A book is the set of shares you hold. MSTY leans long MSTR: it tends to rise when MSTR rises. WNTR leans short: it tends to rise when MSTR falls. Both funds earn that cash by selling options, which are contracts that pay a fee. Both pay every week. Owning both collects income whether MSTR is rising or falling. It is also a smaller one-way bet on MSTR than owning only one fund.
MSTY50 / 50WNTROne leans up, one leans down
Show the income
What a 50/50 book can pay
The big numbers use a labeled guess: 1% of NAV per week. NAV is the dollar value of the shares. The smaller line uses the recent one-month blend — 93.1% today. Recent means the last month, not a forecast. Treat both as illustrations.
$1,000,000 book
Weekly
$10,000
Monthly
$43,482
Guess: 1% of NAV each week. This is not the live payout rate.
Recent one-month pace: $17,844/wk · $77,592/mo
Loading live prices…. MSTY 86.4% · WNTR 99.8% · 50/50 blend 93.1%. YieldMax cash is often return of capital (ROC): part of the payout is your own money coming back, so the share price can fall.
Compare taking the cash vs putting it back inWhy the 50/50 split
Income both ways
MSTY sells call options on a long MSTR side. A call is a contract that pays the fund a fee. WNTR does the same on a short side. Equal dollars means both weekly paychecks stay on.
Less one-way MSTR
Beta (β) says how much a fund tends to move when MSTR moves, using the last 60 days. MSTY is +0.81. WNTR is -0.70. The 50/50 leftover, called the residual, is about +0.055. The two sides mostly cancel.
Still tied to Bitcoin
We model MSTR with eta (η) = 1.5 versus Bitcoin. Eta is how much we assume MSTR moves when Bitcoin moves. The pair still moves with Bitcoin and MSTR. It moves less than holding MSTR alone, or only one of these funds.
MSTR and Bitcoin
How the pair relates to MSTR and BTC
These betas use the last 60 days of real prices. They are measured, not made up. On a $50,000 example, the leftover MSTR dollar delta is +5.7% of NAV. Dollar delta is the modeled dollar exposure to MSTR. NAV is the dollar value of the shares.
MSTY → MSTR
+0.81
Leans up with MSTR
WNTR → MSTR
-0.70
Leans down when MSTR rises
50/50 residual
+0.055
0.5 × 0.81 + 0.5 × (-0.7)
$50k paths vs MSTR and Bitcoin
Same public window, and every date includes the year. The pair still moves with MSTR and Bitcoin. It moves less than holding MSTR alone.
Same $50,000 start, Oct 16, 2025 → Sep 17, 2026. In this sample, 50/50 total return was -1.12% versus MSTR -53.4% and Bitcoin -29.4%. Total return is the percent gain or loss, with payouts put back into shares. Full NAV and max-drawdown tables are on /dashboard. Max drawdown is the biggest fall from a high point.
Tools
Income calculator
Type a weekly cash goal. See how much 50/50 money that takes. Then compare taking the cash out with putting it back into shares. Putting it back buys more shares and does not sell.
Capital allocator
Type a dollar amount. Get the 50/50 MSTY and WNTR share counts, plus a recent one-month income pace. A pace is last month stretched forward. It is an estimate.
Performance
See share value (NAV), total return, the biggest drop, and cash collected. Compare with Bitcoin, MSTR, and QQQ.
Locked recipe
Always 50/50. Each week, put the cash back in and rebalance. Rebalance means put the mix back to half and half. The full NAV-protection rules live on that page.
A separate tool, beside this recipe: a MSTY + WNTR stock book aimed at almost zero leftover MSTR exposure is on /zero-delta. Delta means how much the book is expected to move with MSTR.
In the sample window, a $50,000 start collected $37,649 in distributions. A distribution is the cash a fund pays out. That cash was put back into shares, so it is already inside the NAV number. These figures were corrected so dividends are counted once. The 50/50 weights and the rules for protecting NAV are on /recipe. The leftover MSTR dollar delta (5.7%) is shown for context. It does not change how many shares you buy.
Not advice. YieldMax payouts are often return of capital (ROC): part of the cash is your own money coming back, so the share price can fall. Past results are not future results. Sample data runs through Sep 17, 2026. Prices come from a saved Yahoo quote, or the Sep 20, 2026 starter file.