- CUSIP
- 90386K589
- Issuer
- Westwood
- Inception Date
- Apr 8, 2024
- Category
- Energy Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
- Assets Under Management
- $153M
Highlights
- Avg. Volume (1M)
- 54K
- Avg. Volume Value (1M)
- $1.58M
Share Price Chart
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Performance
MDST Performance Chart
Westwood Salient Enhanced Midstream Income ETF (MDST) is up 18.4% since the beginning of the year. MDST is currently trading at $29 per share.
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Returns By Period
Westwood Salient Enhanced Midstream Income ETF (MDST) has returned 18.37% so far this year and 20.59% over the past 12 months.
Westwood Salient Enhanced Midstream Income ETF
- 1D
- 0.55%
- 1M
- 2.48%
- 6M
- 12.41%
- YTD
- 18.37%
- 1Y
- 20.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.64%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
MDST Monthly Returns History
Based on dividend-adjusted daily data since Apr 9, 2024, MDST's average daily return is +0.07%, while the average monthly return is +1.47%. At this rate, an investment would double in approximately 4.0 years.
Historically, 75% of months were positive and 25% were negative. The best month was Nov 2024 with a return of +9.5%, while the worst month was Apr 2025 at -6.2%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 1 months.
On a daily basis, MDST closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +4.8%, while the worst single day was Apr 4, 2025 at -9.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.30% | 4.99% | 1.13% | 3.36% | -2.05% | 1.90% | 2.62% | 18.37% | |||||
| 2025 | 1.71% | 1.79% | 1.76% | -6.24% | 4.49% | 1.93% | 2.45% | -1.88% | 0.59% | -4.17% | 4.37% | 0.65% | 7.09% |
| 2024 | -0.52% | 2.32% | 2.00% | 1.68% | 2.96% | -0.22% | 1.90% | 9.51% | -3.30% | 17.03% |
Benchmark Metrics
Westwood Salient Enhanced Midstream Income ETF has an annualized alpha of 11.87%, beta of 0.42, and R2 of 0.18 versus S&P 500 Index. Calculated based on daily prices since April 09, 2024.
- This ETF captured 51.54% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -32.40%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.42 may look defensive, but with R2 of 0.18 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.18 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 11.87%
- Beta
- 0.42
- R²
- 0.18
- Upside Capture
- 51.54%
- Downside Capture
- -32.40%
Expense Ratio
MDST has an expense ratio of 0.80%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MDST ranks 65 for risk / return — above 65% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Westwood Salient Enhanced Midstream Income ETF (MDST) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MDST | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 2.00 | +0.95 |
| Martin ratioReturn relative to average drawdown | 8.30 | 8.49 | -0.19 |
Dividends
Dividend History
Westwood Salient Enhanced Midstream Income ETF provided a 9.20% dividend yield over the last twelve months, with an annual payout of $2.70 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $2.70 | $2.70 | $1.80 |
Dividend yield | 9.20% | 10.22% | 6.60% |
Monthly Dividends
The table displays the monthly dividend distributions for Westwood Salient Enhanced Midstream Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.45 | $0.23 | $0.23 | $0.23 | $0.23 | $0.23 | $0.23 | $1.80 | |||||
| 2025 | $0.45 | $0.23 | $0.23 | $0.23 | $0.23 | $0.23 | $0.23 | $0.23 | $0.23 | $0.23 | $0.23 | $0.00 | $2.70 |
| 2024 | $0.23 | $0.23 | $0.23 | $0.23 | $0.23 | $0.23 | $0.23 | $0.23 | $0.00 | $1.80 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Westwood Salient Enhanced Midstream Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Westwood Salient Enhanced Midstream Income ETF was 14.19%, occurring on Apr 8, 2025. Recovery took 78 trading sessions.
The current Westwood Salient Enhanced Midstream Income ETF drawdown is 1.87%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-14.19%Apr 2025 | 5d | 3mo 24d | 3mo 29dApr 2025 - Jul 2025 | 2025 selloff2025 |
-7.50%Mar 2025 | 1mo 17d | 23d | 2mo 10dJan 2025 - Apr 2025 | 2025 selloff2025 |
-7.20%Dec 2024 | 16d | 27d | 1mo 13dDec 2024 - Jan 2025 | — |
-6.74%Nov 2025 | 3mo 5d | 1mo | 4mo 5dAug 2025 - Dec 2025 | — |
-5.00%May 2026 | 9d | 1mo 16d | 1mo 25dMay 2026 - Jul 2026 | — |
Drawdown Indicators
| MDST | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.19% | -56.78% | +42.59% |
Max Drawdown (1Y)Largest decline over 1 year | -5.98% | -9.10% | +3.12% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.87% | -1.58% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -2.17% | -10.70% | +8.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 2.14% | +0.39% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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