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 294 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% | 29.28M | Nov 2024 | MST vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 324.77M | Mar 2024 | MST vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.73M | Sep 2024 | MST vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | MST vs FYEE | |
| Invesco S&P 500 BuyWrite ETF | 0.29% | 352.13M | Dec 2007 | MST vs PBP |
Best Risk-Adjusted Alternatives to MST
MST has a PortfoliosLab risk / return rank of 1. There are 155 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SoFi Enhanced Yield ETF | 95 | 34.73M | Nov 2023 | MST vs THTA | |
| Simplify Treasury Option Income ETF | 95 | 474.96M | Oct 2022 | MST vs BUCK | |
| YieldMax Semiconductor Portfolio Option Income ETF | 94 | 1.16B | Apr 2025 | MST vs CHPY | |
| YieldMax AMD Option Income Strategy ETF | 93 | 443.39M | Sep 2023 | MST vs AMDY | |
| YieldMax GOOGL Option Income Strategy ETF | 93 | 246.95M | Jul 2023 | MST vs GOOY |
Top Performing MST Alternatives (YTD)
MST is at -74.03% YTD. There are 246 ETFs in the Derivative Income category with higher YTD returns, going as high as 207.86%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 207.86% | 27.86M | Oct 2025 | MST vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 184.48% | 116.76M | Jul 2025 | MST vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 109.12% | 443.39M | Sep 2023 | MST vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 89.76% | 127.56M | Oct 2023 | MST vs MRNY | |
| YieldMax Semiconductor Portfolio Option Income ETF | 70.96% | 1.16B | Apr 2025 | MST vs CHPY |
Lowest Volatility Alternatives to MST
MST has 134.35% 1-year volatility. There are 292 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.80%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.80% | 474.96M | Oct 2022 | MST vs BUCK | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.45% | 206.17M | Apr 2026 | MST vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.86% | 88.48M | Feb 2025 | MST vs HYTI | |
| Main Buywrite ETF | 4.86% | 1.26B | Dec 2015 | MST vs BUYW | |
| GraniteShares YieldBOOST 20Y+ Treasuries ETF | 5.08% | 726.94K | May 2026 | MST vs FIYY |
Lowest Drawdown Alternatives to MST
MST has a 1-year max drawdown of -97.68%. There are 167 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.84%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -0.84% | 474.96M | Oct 2022 | MST vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 88.48M | Feb 2025 | MST vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.26B | 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 10 categories. AUM among these funds goes as high as $6B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Defiance Quantum ETF | Technology Equities | 81 | 36.39% | 5.81B | Sep 2018 | MST vs QTUM | |
| Defiance Nasdaq 100 Enhanced Options Income ETF | Nasdaq-100, Options Trading, Dividend | 60 | 15.28% | 190.88M | Sep 2023 | MST vs QQQY | |
| Defiance Daily Target 2X Long MSTR ETF | Leveraged Equities | 1 | -78.86% | 148.44M | Aug 2024 | MST vs MSTX | |
| Defiance AI & Power Infrastructure ETF | Building & Construction, Technology Equities | — | 36.75% | 933.18M | Jul 2025 | MST vs AIPO | |
| Defiance Large Cap ex-Mag 7 ETF | Large Cap Blend Equities | 72 | 13.51% | 180.95M | Oct 2024 | MST vs XMAG | |
| Defiance Nasdaq 100 Income Target ETF | Nasdaq-100, Derivative Income | 49 | 14.75% | 46.44M | Jun 2024 | MST vs QQQT | |
| Defiance Drone and Modern Warfare ETF | Aerospace & Defense | — | 1.27% | 143.08M | Sep 2025 | MST vs JEDI | |
| Defiance R2000 Weekly Distribution ETF | Options Trading | 38 | 14.09% | 98.05M | Oct 2023 | MST vs IWMY | |
| Defiance S&P 500 Income Target ETF | Derivative Income, S&P 500 | 62 | 9.52% | 156.48M | Mar 2024 | MST vs SPYT | |
| Defiance Oil Enhanced Options Income ETF | Derivative Income | 35 | 41.75% | 58.33M | May 2024 | MST vs USOY |
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