DAMD vs. MSTX
DAMD (Defiance Daily Target 2X Short AMD ETF) and MSTX (Defiance Daily Target 2X Long MSTR ETF) are both exchange-traded funds - DAMD is a Inverse Equities fund tracking the Advanced Micro Devices, Inc., while MSTX is a Leveraged Equities fund actively managed by Defiance. DAMD is passively managed, while MSTX is actively managed. At a correlation of -0.38, they often move in opposite directions. DAMD charges 1.31%/yr vs 1.29%/yr for MSTX.
Performance
DAMD vs. MSTX - Performance Comparison
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Returns By Period
In the year-to-date period, DAMD achieves a -90.01% return, which is significantly lower than MSTX's -59.64% return.
DAMD
- 1D
- 21.08%
- 1M
- -30.23%
- YTD
- -90.01%
- 6M
- -89.96%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTX
- 1D
- -14.14%
- 1M
- -61.71%
- YTD
- -59.64%
- 6M
- -72.15%
- 1Y
- -95.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DAMD vs. MSTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DAMD Defiance Daily Target 2X Short AMD ETF | -90.01% | 22.15% |
MSTX Defiance Daily Target 2X Long MSTR ETF | -59.64% | -47.40% |
Correlation
The correlation between DAMD and MSTX is -0.38, 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 17, 2025 | -0.38 |
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Return for Risk
DAMD vs. MSTX — Risk / Return Rank
DAMD
MSTX
DAMD vs. MSTX - 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 Daily Target 2X Long MSTR ETF (MSTX). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| DAMD | MSTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.71 | -0.43 | -0.28 |
Drawdowns
DAMD vs. MSTX - Drawdown Comparison
The maximum DAMD drawdown since its inception was -93.52%, smaller than the maximum MSTX drawdown of -98.76%. Use the drawdown chart below to compare losses from any high point for DAMD and MSTX.
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Drawdown Indicators
| DAMD | MSTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.52% | -98.76% | +5.24% |
Max Drawdown (1Y)Largest decline over 1 year | — | -96.86% | — |
Current DrawdownCurrent decline from peak | -91.57% | -98.76% | +7.19% |
Average DrawdownAverage peak-to-trough decline | -39.60% | -70.07% | +30.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 75.75% | — |
Volatility
DAMD vs. MSTX - Volatility Comparison
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Volatility by Period
| DAMD | MSTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 41.25% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 112.67% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 138.28% | 140.49% | -2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 138.28% | 167.45% | -29.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 138.28% | 167.45% | -29.17% |
DAMD vs. MSTX - Expense Ratio Comparison
DAMD has a 1.31% expense ratio, which is higher than MSTX's 1.29% expense ratio.
Dividends
DAMD vs. MSTX - Dividend Comparison
Neither DAMD nor MSTX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
DAMD Defiance Daily Target 2X Short AMD ETF | 0.00% | 0.00% | 0.00% |
MSTX Defiance Daily Target 2X Long MSTR ETF | 0.00% | 0.00% | 41.01% |
Frequently Asked Questions
DAMD and MSTX have a correlation of -0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MSTX is cheaper at 1.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MSTX is cheaper with a 1.29% expense ratio, compared with 1.31% for DAMD.
DAMD and MSTX have nearly identical dividend yields, around 0.00%.
DAMD is categorized as Inverse Equities, while MSTX is Leveraged Equities. Their fees differ too: 1.31% for DAMD and 1.29% for MSTX.
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