HIMY vs. MSTX
HIMY (Defiance Leveraged Long + Income HIMS ETF) and MSTX (Defiance Daily Target 2X Long MSTR ETF) are both Leveraged Equities funds from Defiance. Both are actively managed. At a 0.28 correlation, their price movements are largely independent. HIMY charges 1.51%/yr vs 1.29%/yr for MSTX.
Performance
HIMY vs. MSTX - Performance Comparison
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Returns By Period
In the year-to-date period, HIMY achieves a -13.23% return, which is significantly higher than MSTX's -52.99% return.
HIMY
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- -13.23%
- 6M
- -39.80%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTX
- 1D
- 4.32%
- 1M
- -55.48%
- YTD
- -52.99%
- 6M
- -70.03%
- 1Y
- -95.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HIMY vs. MSTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HIMY Defiance Leveraged Long + Income HIMS ETF | -13.23% | -47.75% |
MSTX Defiance Daily Target 2X Long MSTR ETF | -52.99% | -84.65% |
Correlation
The correlation between HIMY and MSTX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025 | 0.28 |
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Return for Risk
HIMY vs. MSTX — Risk / Return Rank
HIMY
MSTX
HIMY vs. MSTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Leveraged Long + Income HIMS ETF (HIMY) 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
| HIMY | 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 | -0.41 | -0.30 |
Drawdowns
HIMY vs. MSTX - Drawdown Comparison
The maximum HIMY drawdown since its inception was -76.38%, smaller than the maximum MSTX drawdown of -98.66%. Use the drawdown chart below to compare losses from any high point for HIMY and MSTX.
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Drawdown Indicators
| HIMY | MSTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.38% | -98.66% | +22.28% |
Max Drawdown (1Y)Largest decline over 1 year | — | -96.62% | — |
Current DrawdownCurrent decline from peak | -74.01% | -98.55% | +24.54% |
Average DrawdownAverage peak-to-trough decline | -53.75% | -70.01% | +16.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 75.50% | — |
Volatility
HIMY vs. MSTX - Volatility Comparison
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Volatility by Period
| HIMY | MSTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 39.88% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 112.08% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 92.72% | 139.91% | -47.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 92.72% | 167.30% | -74.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.72% | 167.30% | -74.58% |
HIMY vs. MSTX - Expense Ratio Comparison
HIMY has a 1.51% expense ratio, which is higher than MSTX's 1.29% expense ratio.
Dividends
HIMY vs. MSTX - Dividend Comparison
HIMY's dividend yield for the trailing twelve months is around 102.38%, while MSTX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HIMY Defiance Leveraged Long + Income HIMS ETF | 102.38% | 81.61% | 0.00% |
MSTX Defiance Daily Target 2X Long MSTR ETF | 0.00% | 0.00% | 41.01% |
Frequently Asked Questions
HIMY and MSTX have a correlation of 0.28, 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 1.51% for HIMY.
HIMY has the higher dividend yield at 102.38%, compared with 0.00% for MSTX.
Their fees differ too: 1.51% for HIMY and 1.29% for MSTX.
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