MST vs. CRSH

Last updated Apr 1, 2026

Compare and contrast key facts about Defiance Leveraged Long Income MSTR ETF (MST) and YieldMax Short TSLA Option Income Strategy ETF (CRSH).

MST and CRSH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MST is an actively managed fund by Defiance. It was launched on May 1, 2025. CRSH is an actively managed fund by YieldMax. It was launched on May 1, 2024.

Performance

MST vs. CRSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Leveraged Long Income MSTR ETF (MST) and YieldMax Short TSLA Option Income Strategy ETF (CRSH). The values are adjusted to include any dividend payments, if applicable.

MST vs. CRSH - Yearly Performance Comparison

	2026 (YTD)	2025
MST Defiance Leveraged Long Income MSTR ETF	-39.41%	-87.72%
CRSH YieldMax Short TSLA Option Income Strategy ETF	20.49%	-32.78%

Returns By Period

In the year-to-date period, MST achieves a -39.41% return, which is significantly lower than CRSH's 20.49% return.

MST

• 1D: 4.61%
• 1M: -10.28%
• YTD: -39.41%
• 6M: -86.54%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CRSH

• 1D: -3.11%
• 1M: 7.70%
• YTD: 20.49%
• 6M: 22.66%
• 1Y: -25.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MST vs. CRSH - Expense Ratio Comparison

MST has a 1.31% expense ratio, which is higher than CRSH's 0.99% expense ratio.

MST

Defiance Leveraged Long Income MSTR ETF

CRSH

YieldMax Short TSLA Option Income Strategy ETF

Return for Risk

MST vs. CRSH — Risk / Return Rank

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

CRSH

CRSH Risk / Return Rank: 4
CRSH Sharpe Ratio Rank: 3
CRSH Sortino Ratio Rank: 3
CRSH Omega Ratio Rank: 3
CRSH Calmar Ratio Rank: 4
CRSH Martin Ratio Rank: 7

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.

MST vs. CRSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Leveraged Long Income MSTR ETF (MST) and YieldMax Short TSLA Option Income Strategy ETF (CRSH). 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.

Sharpe Ratios by Period

	MST	CRSH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.77	-0.63	-0.14

Correlation

The correlation between MST and CRSH is -0.38. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

MST vs. CRSH - Dividend Comparison

MST's dividend yield for the trailing twelve months is around 788.18%, more than CRSH's 98.84% yield.

	TTM	2025	2024
MST Defiance Leveraged Long Income MSTR ETF	788.18%	381.22%	0.00%
CRSH YieldMax Short TSLA Option Income Strategy ETF	98.84%	138.78%	94.25%

Drawdowns

MST vs. CRSH - Drawdown Comparison

The maximum MST drawdown since its inception was -94.99%, which is greater than CRSH's maximum drawdown of -63.68%. Use the drawdown chart below to compare losses from any high point for MST and CRSH.

Drawdown Indicators

	MST	CRSH	Difference
Max Drawdown Largest peak-to-trough decline	-94.99%	-63.68%	-31.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-48.16%	—
Current Drawdown Current decline from peak	-93.54%	-52.59%	-40.95%
Average Drawdown Average peak-to-trough decline	-56.73%	-41.89%	-14.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	35.17%	—

Volatility

Volatility by Period

	MST	CRSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.04%	—
Volatility (6M) Calculated over the trailing 6-month period	—	23.39%	—
Volatility (1Y) Calculated over the trailing 1-year period	122.97%	42.40%	+80.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	122.97%	48.40%	+74.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	122.97%	48.40%	+74.57%