They don’t compare at all, it’s just low effort fud like bitcoin boiling the oceans

MSTY writes covered calls (selling call options) on MSTR to produce income paid through dividends to the fund holders. If MSTR goes over the strike price of the covered call they are forced to deliver MSTR shares to the call buyer. When the price of MSTR is significantly higher than where they sol...

https://volquant.medium.com/epic-failures-lessons-from-volatility-funds-blow-ups-6f4226c8334f Here are some comparable strategies / funds. Underlying products vary but same general theory / trade.

This one is one of the more recent spectacular blowups. $XIV fund is a fun rabbit hole to venture down. https://www.forbes.com/sites/jimcollins/2018/02/06/it-works-until-it-doesnt-work-the-death-of-xiv-shows-the-folly-of-gaming-market-volatility/