MST vs. IPDP

Last updated Jun 4, 2026

MST (Defiance Leveraged Long Income MSTR ETF) and IPDP (Dividend Performers ETF) are both Derivative Income funds. Both are actively managed. MST charges 1.31%/yr vs 1.52%/yr for IPDP.

Performance

MST vs. IPDP - Performance Comparison

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

Returns By Period

MST

• 1D: -14.62%
• 1M: -51.85%
• YTD: -46.90%
• 6M: -62.90%
• 1Y: -92.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IPDP

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MST vs. IPDP - Yearly Performance Comparison

	2026 (YTD)
MST Defiance Leveraged Long Income MSTR ETF	-24.41%
IPDP Dividend Performers ETF	0.00%

Return for Risk

MST vs. IPDP — Risk / Return Rank

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

MST

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

MST vs. IPDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Leveraged Long Income MSTR ETF (MST) and Dividend Performers ETF (IPDP). 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.

	MST	IPDP	Difference
Sharpe ratio: Return per unit of total volatility	-0.74	—	—
Sortino ratio: Return per unit of downside risk	-2.01	—	—
Omega ratio: Gain probability vs. loss probability	0.78	—	—
Calmar ratio: Return relative to maximum drawdown	-0.98	—	—
Martin ratio: Return relative to average drawdown	-1.28	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MST	IPDP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.74	—	—

Drawdowns

MST vs. IPDP - Drawdown Comparison

The maximum MST drawdown since its inception was -94.99%, which is greater than IPDP's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for MST and IPDP.

Drawdown Indicators

	MST	IPDP	Difference
Max Drawdown Largest peak-to-trough decline	-94.99%	0.00%	-94.99%
Max Drawdown (1Y) Largest decline over 1 year	-94.99%	—	—
Current Drawdown Current decline from peak	-94.34%	0.00%	-94.34%
Average Drawdown Average peak-to-trough decline	-62.22%	0.00%	-62.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	72.32%	—	—

Volatility

Volatility by Period

	MST	IPDP	Difference
Volatility (1M) Calculated over the trailing 1-month period	35.73%	—	—
Volatility (6M) Calculated over the trailing 6-month period	101.54%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	126.60%	0.00%	+126.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	123.87%	0.00%	+123.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	123.87%	0.00%	+123.87%

MST vs. IPDP - Expense Ratio Comparison

MST has a 1.31% expense ratio, which is lower than IPDP's 1.52% expense ratio.

Dividends

MST vs. IPDP - Dividend Comparison

MST's dividend yield for the trailing twelve months is around 891.75%, while IPDP has not paid dividends to shareholders.

Position	TTM	2025
IPDP Dividend Performers ETF	0.00%	0.00%
MST Defiance Leveraged Long Income MSTR ETF	891.75%	381.22%

Frequently Asked Questions

Which ETF is better, MST or IPDP?

On fees, MST is cheaper at 1.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MST or IPDP?

MST is cheaper with a 1.31% expense ratio, compared with 1.52% for IPDP.

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

MST has the higher dividend yield at 891.75%, compared with 0.00% for IPDP.

What is the main difference between MST and IPDP?

They also come from different issuers: Defiance and Innovative Portfolios. Their fees differ too: 1.31% for MST and 1.52% for IPDP.