MST vs. IPDP

Last updated Apr 1, 2026

Compare and contrast key facts about Defiance Leveraged Long Income MSTR ETF (MST) and Dividend Performers ETF (IPDP).

MST and IPDP 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. IPDP is an actively managed fund by Innovative Portfolios. It was launched on Dec 24, 2018.

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.

MST vs. IPDP - Yearly Performance Comparison

	2026 (YTD)
MST Defiance Leveraged Long Income MSTR ETF	-13.75%
IPDP Dividend Performers ETF	0.00%

Returns By Period

MST

• 1D: 4.61%
• 1M: -10.28%
• YTD: -39.41%
• 6M: -86.54%
• 1Y: —
• 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 - Expense Ratio Comparison

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

IPDP

Dividend Performers ETF

MST

Defiance Leveraged Long Income MSTR ETF

Return for Risk

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.

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

Sharpe Ratios by Period

	MST	IPDP	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.77	—	—

Dividends

MST vs. IPDP - Dividend Comparison

MST's dividend yield for the trailing twelve months is around 788.18%, while IPDP has not paid dividends to shareholders.

	TTM	2025
MST Defiance Leveraged Long Income MSTR ETF	788.18%	381.22%
IPDP Dividend Performers ETF	0.00%	0.00%

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%
Current Drawdown Current decline from peak	-93.54%	0.00%	-93.54%
Average Drawdown Average peak-to-trough decline	-56.73%	0.00%	-56.73%

Volatility

Volatility by Period

	MST	IPDP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	122.97%	0.00%	+122.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	122.97%	0.00%	+122.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	122.97%	0.00%	+122.97%