Defiance Leveraged Long Income MSTR ETF (MST) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MST. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MST
MST charges 1.31% annually. There are 275 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 27.32M | Nov 2024 | MST vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 303.13M | Mar 2024 | MST vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.59M | Sep 2024 | MST vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 185.18M | Apr 2024 | MST vs FYEE | |
| Goldman Sachs S&P 500 Premium Income ETF | 0.29% | 4.27B | Oct 2023 | MST vs GPIX |
Best Risk-Adjusted Alternatives to MST
MST has a PortfoliosLab risk / return rank of 1. There are 154 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 95 | 1.16B | Apr 2025 | MST vs CHPY | |
| SoFi Enhanced Yield ETF | 94 | 34.73M | Nov 2023 | MST vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 262.22M | Jul 2023 | MST vs GOOY | |
| YieldMax AMD Option Income Strategy ETF | 90 | 409.32M | Sep 2023 | MST vs AMDY | |
| Simplify Treasury Option Income ETF | 86 | 465.86M | Oct 2022 | MST vs BUCK |
Top Performing MST Alternatives (YTD)
MST is at -64.78% YTD. There are 247 ETFs in the Derivative Income category with higher YTD returns, going as high as 19,132.59%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| REX HOOD Growth & Income ETF | 19,132.59% | 1.44M | Nov 2025 | MST vs HOII | |
| REX CRWV Growth & Income ETF | 13,199.78% | 2.19M | Nov 2025 | MST vs CWII | |
| Roundhill ARM WeeklyPay ETF | 297.09% | 17.52M | Oct 2025 | MST vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 176.01% | 83.00M | Jul 2025 | MST vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 101.34% | 409.32M | Sep 2023 | MST vs AMDY |
Lowest Volatility Alternatives to MST
MST has 129.73% 1-year volatility. There are 273 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.98%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.98% | 465.86M | Oct 2022 | MST vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.86% | 90.05M | Feb 2025 | MST vs HYTI | |
| Main Buywrite ETF | 4.84% | 1.23B | Dec 2015 | MST vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.11% | 292.66M | Feb 2025 | MST vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 5.52% | 50.16M | Aug 2021 | MST vs XRMI |
Lowest Drawdown Alternatives to MST
MST has a 1-year max drawdown of -96.24%. There are 162 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -1.31%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -1.31% | 465.86M | Oct 2022 | MST vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.05M | Feb 2025 | MST vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.23B | Dec 2015 | MST vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | MST vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | MST vs OMAH |
Other ETFs from Defiance
The 10 most viewed Defiance ETFs shown here include QTUM, QQQY, MSTX and span 11 categories. AUM among these funds goes as high as $6B.
Often Compared With MST
Investors most often compare MST with MSTU, IBIT, MSTW. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare MST with Any Fund or Stock
Compare MST with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MST with funds that move differently
Defiance Leveraged Long Income MSTR ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MST.
Explore MST Diversifiers