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 higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Defiance Daily Target 2X Long MSTR ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
MSTX
75.98%
11.96%
N/A
N/A
N/A
N/A
^GSPC (Benchmark)
1.96%
2.12%
8.93%
25.43%
12.52%
11.51%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.87% | 45.20% | 78.25% | 90.81% | -51.02% | 137.38% |
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.
Not enough dataDividends
Dividend History
Defiance Daily Target 2X Long MSTR ETF provided a 23.30% 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 | 23.30% | 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 | |||||||||||
| 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.
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 71.87%, occurring on Dec 31, 2024. The portfolio has not yet recovered.
The current Defiance Daily Target 2X Long MSTR ETF drawdown is 50.49%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -71.87% | Nov 21, 2024 | 27 | Dec 31, 2024 | — | — | — |
| -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 current Defiance Daily Target 2X Long MSTR ETF volatility is 66.87%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.