Defiance Daily Target 2X Long MSTR ETF (MSTX)
The ETF aims to achieve daily investment results that are 200% of the daily percentage change in the share price of MicroStrategy Incorporated (MSTR), utilizing leverage to enhance returns, though it carries greater risk and is not designed for long-term cumulative returns.
ETF Info
88636J253
Aug 14, 2024
2x
No Index (Active)
Expense Ratio
MSTX has a high expense ratio of 1.29%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
MSTX
18.50%
55.85%
-32.79%
N/A
N/A
N/A
^GSPC (Benchmark)
0.60%
9.64%
-0.54%
11.47%
15.67%
10.79%
Monthly Returns
The table below presents the monthly returns of MSTX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 23.39% | -45.98% | 10.02% | 51.32% | 6.79% | 18.50% | |||||||
| 2024 | -1.87% | 45.19% | 78.25% | 90.81% | -51.02% | 137.37% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Defiance Daily Target 2X Long MSTR ETF (MSTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Defiance Daily Target 2X Long MSTR ETF provided a 34.61% dividend yield over the last twelve months, with an annual payout of $14.43 per share.
| Period | TTM | 2024 |
|---|---|---|
| Dividend | $14.43 | $14.43 |
Dividend yield | 34.61% | 41.01% |
Monthly Dividends
The table displays the monthly dividend distributions for Defiance Daily Target 2X Long MSTR 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $14.43 | $14.43 |
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 Defiance Daily Target 2X Long MSTR 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 Defiance Daily Target 2X Long MSTR ETF was 86.61%, occurring on Apr 8, 2025. The portfolio has not yet recovered.
The current Defiance Daily Target 2X Long MSTR ETF drawdown is 66.66%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -86.61% | Nov 21, 2024 | 93 | Apr 8, 2025 | — | — | — |
| -38.9% | Aug 26, 2024 | 9 | Sep 6, 2024 | 14 | Sep 26, 2024 | 23 |
| -26.07% | Oct 30, 2024 | 4 | Nov 4, 2024 | 3 | Nov 7, 2024 | 7 |
| -16.43% | Nov 13, 2024 | 2 | Nov 14, 2024 | 2 | Nov 18, 2024 | 4 |
| -15.43% | Oct 14, 2024 | 4 | Oct 17, 2024 | 1 | Oct 18, 2024 | 5 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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