MST vs. QYLE

Last updated Apr 1, 2026

Compare and contrast key facts about Defiance Leveraged Long Income MSTR ETF (MST) and Global X NASDAQ 100 ESG Covered Call ETF (QYLE).

MST and QYLE 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. QYLE is a passively managed fund by Global X that tracks the performance of the Nasdaq-100 ESG BuyWrite Index - Benchmark TR Gross. It was launched on Feb 21, 2023.

Performance

MST vs. QYLE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Leveraged Long Income MSTR ETF (MST) and Global X NASDAQ 100 ESG Covered Call ETF (QYLE). The values are adjusted to include any dividend payments, if applicable.

MST vs. QYLE - Yearly Performance Comparison

	2026 (YTD)
MST Defiance Leveraged Long Income MSTR ETF	-13.75%
QYLE Global X NASDAQ 100 ESG Covered Call ETF	0.00%

Returns By Period

MST

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

QYLE

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

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

MST vs. QYLE - Expense Ratio Comparison

MST has a 1.31% expense ratio, which is higher than QYLE's 0.61% expense ratio.

MST

Defiance Leveraged Long Income MSTR ETF

QYLE

Global X NASDAQ 100 ESG Covered Call ETF

Return for Risk

MST vs. QYLE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Leveraged Long Income MSTR ETF (MST) and Global X NASDAQ 100 ESG Covered Call ETF (QYLE). 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	QYLE	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.77	—	—

Dividends

MST vs. QYLE - Dividend Comparison

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

	TTM	2025
MST Defiance Leveraged Long Income MSTR ETF	788.18%	381.22%
QYLE Global X NASDAQ 100 ESG Covered Call ETF	0.00%	0.00%

Drawdowns

MST vs. QYLE - Drawdown Comparison

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

Drawdown Indicators

	MST	QYLE	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	QYLE	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%