DAMD vs. MST

Last updated Jul 17, 2026

DAMD (Defiance Daily Target 2X Short AMD ETF) and MST (Defiance Leveraged Long Income MSTR ETF) are both exchange-traded funds - DAMD is a Inverse Equities fund tracking the Advanced Micro Devices, Inc., while MST is a Derivative Income fund actively managed by Defiance. DAMD is passively managed, while MST is actively managed. At a correlation of -0.35, they often move in opposite directions. Both charge a 1.31% expense ratio.

Performance

DAMD vs. MST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Short AMD ETF (DAMD) and Defiance Leveraged Long Income MSTR ETF (MST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DAMD achieves a -92.84% return, which is significantly lower than MST's -72.88% return.

DAMD

• 1D: 11.32%
• 1M: -8.29%
• 6M: -91.69%
• YTD: -92.84%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MST

• 1D: -5.37%
• 1M: -44.37%
• 6M: -77.72%
• YTD: -72.88%
• 1Y: -97.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DAMD vs. MST - Yearly Performance Comparison

	2026 (YTD)	2025
DAMD Defiance Daily Target 2X Short AMD ETF	-92.84%	13.18%
MST Defiance Leveraged Long Income MSTR ETF	-72.88%	-45.32%

Correlation

The correlation between DAMD and MST is -0.35, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 14, 2025	-0.35

Return for Risk

DAMD vs. MST — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DAMD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

MST

MST Risk / Return Rank: 1
MST Sharpe Ratio Rank: 3
MST Sortino Ratio Rank: 0
MST Omega Ratio Rank: 0
MST Calmar Ratio Rank: 0
MST Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DAMD vs. MST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short AMD ETF (DAMD) and Defiance Leveraged Long Income MSTR ETF (MST). 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.

	DAMD	MST	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.72	—
Sortino ratio: Return per unit of downside risk	—	-2.66	—
Omega ratio: Gain probability vs. loss probability	—	0.72	—
Calmar ratio: Return relative to maximum drawdown	—	-0.99	—
Martin ratio: Return relative to average drawdown	—	-1.23	—

Drawdowns

DAMD vs. MST - Drawdown Comparison

The maximum DAMD drawdown since its inception was -95.19%, roughly equal to the maximum MST drawdown of -97.68%. Use the drawdown chart below to compare losses from any high point for DAMD and MST.

Drawdown Indicators

	DAMD	MST	Difference
Max Drawdown Largest peak-to-trough decline	-95.19%	-97.68%	+2.49%
Max Drawdown (1Y) Largest decline over 1 year	—	-97.64%	—
Current Drawdown Current decline from peak	-93.96%	-97.11%	+3.15%
Average Drawdown Average peak-to-trough decline	-48.25%	-65.28%	+17.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	79.33%	—

Volatility

Volatility by Period

	DAMD	MST	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	47.52%	—
Volatility (6M) Calculated over the trailing 6-month period	—	109.77%	—
Volatility (1Y) Calculated over the trailing 1-year period	140.63%	134.41%	+6.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	140.63%	127.52%	+13.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	140.63%	127.52%	+13.11%

DAMD vs. MST - Expense Ratio Comparison

Both DAMD and MST have an expense ratio of 1.31%.

Dividends

DAMD vs. MST - Dividend Comparison

DAMD has not paid dividends to shareholders, while MST's dividend yield for the trailing twelve months is around 1,176.23%.

Position	TTM	2025
DAMD Defiance Daily Target 2X Short AMD ETF	0.00%	0.00%
MST Defiance Leveraged Long Income MSTR ETF	1,176.23%	381.22%

Frequently Asked Questions

Can I hold both DAMD and MST in my portfolio?

DAMD and MST have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DAMD or MST?

Both ETFs have the same 1.31% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DAMD or MST?

DAMD and MST have the same expense ratio: 1.31% per year.

Which ETF pays a higher dividend yield, DAMD or MST?

MST has the higher dividend yield at 1176.23%, compared with 0.00% for DAMD.

What is the main difference between DAMD and MST?

DAMD is categorized as Inverse Equities, while MST is Derivative Income.