BESF vs. MDST
BESF (Bastion Energy ETF) and MDST (Westwood Salient Enhanced Midstream Income ETF) are both Energy Equities funds. Both are actively managed. Over the past year, BESF returned 61.61% vs 20.94% for MDST. At a 0.48 correlation, their price movements are largely independent. Both charge a 0.80% expense ratio.
Performance
BESF vs. MDST - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with BESF having a 16.12% return and MDST slightly higher at 16.53%.
BESF
- 1D
- 1.01%
- 1M
- -6.28%
- YTD
- 16.12%
- 6M
- 15.17%
- 1Y
- 61.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MDST
- 1D
- 1.73%
- 1M
- -1.91%
- YTD
- 16.53%
- 6M
- 16.66%
- 1Y
- 20.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BESF vs. MDST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BESF Bastion Energy ETF | 16.12% | 38.76% |
MDST Westwood Salient Enhanced Midstream Income ETF | 16.53% | 2.34% |
Correlation
The correlation between BESF and MDST is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025 | 0.48 |
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Return for Risk
BESF vs. MDST — Risk / Return Rank
BESF
MDST
BESF vs. MDST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bastion Energy ETF (BESF) and Westwood Salient Enhanced Midstream Income ETF (MDST). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| BESF | MDST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.30 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 5.64 | 3.12 | +2.52 |
| Martin ratioReturn relative to average drawdown | 15.57 | 8.43 | +7.14 |
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Drawdowns
BESF vs. MDST - Drawdown Comparison
The maximum BESF drawdown since its inception was -10.97%, smaller than the maximum MDST drawdown of -14.19%. Use the drawdown chart below to compare losses from any high point for BESF and MDST.
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Drawdown Indicators
| BESF | MDST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.97% | -14.19% | +3.22% |
Max Drawdown (1Y)Largest decline over 1 year | -10.97% | -6.74% | -4.23% |
Current DrawdownCurrent decline from peak | -8.73% | -2.20% | -6.53% |
Average DrawdownAverage peak-to-trough decline | -2.74% | -2.20% | -0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.97% | 2.49% | +1.48% |
Volatility
BESF vs. MDST - Volatility Comparison
Bastion Energy ETF (BESF) has a higher volatility of 6.97% compared to Westwood Salient Enhanced Midstream Income ETF (MDST) at 4.87%. This indicates that BESF's price experiences larger fluctuations and is considered to be riskier than MDST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BESF | MDST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.97% | 4.87% | +2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 14.93% | 8.71% | +6.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.75% | 12.45% | +12.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.39% | 16.11% | +8.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.39% | 16.11% | +8.28% |
BESF vs. MDST - Expense Ratio Comparison
Both BESF and MDST have an expense ratio of 0.80%.
Dividends
BESF vs. MDST - Dividend Comparison
BESF's dividend yield for the trailing twelve months is around 5.86%, less than MDST's 9.20% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BESF Bastion Energy ETF | 5.86% | 6.39% | 0.00% |
MDST Westwood Salient Enhanced Midstream Income ETF | 9.20% | 10.22% | 6.60% |
Frequently Asked Questions
BESF and MDST have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BESF has higher volatility (6.97%) compared to MDST (4.87%). In terms of maximum drawdown, BESF dropped -10.97% vs MDST's -14.19%.
On 1-year performance, BESF leads with 61.61% vs 20.94% for MDST. Both ETFs have the same 0.80% expense ratio. On volatility, MDST has been the lower-risk option at 4.87%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BESF has performed better with a 61.61% return vs 20.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BESF and MDST have the same expense ratio: 0.80% per year.
MDST has the higher dividend yield at 9.20%, compared with 5.86% for BESF.
They also come from different issuers: Bastion and Westwood.
BESF currently has the higher Sharpe Ratio (2.52 vs 1.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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