MST vs. USDU
MST (Defiance Leveraged Long Income MSTR ETF) and USDU (WisdomTree Bloomberg U.S. Dollar Bullish Fund) are both exchange-traded funds - MST is a Derivative Income fund actively managed by Defiance, while USDU is a Currency fund actively managed by WisdomTree. Both are actively managed. Over the past year, MST returned -96.50% vs 7.21% for USDU. At a correlation of -0.19, they often move in opposite directions. MST charges 1.31%/yr vs 0.51%/yr for USDU.
Performance
MST vs. USDU - Performance Comparison
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Returns By Period
In the year-to-date period, MST achieves a -72.69% return, which is significantly lower than USDU's 3.88% return.
MST
- 1D
- -9.50%
- 1M
- -22.47%
- 6M
- -74.70%
- YTD
- -72.69%
- 1Y
- -96.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -93.71%
USDU
- 1D
- 0.19%
- 1M
- 0.22%
- 6M
- 3.92%
- YTD
- 3.88%
- 1Y
- 7.21%
- 3Y*
- 5.69%
- 5Y*
- 5.37%
- 10Y*
- 2.74%
- ALL TIME*
- 3.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $634.10K | $942.06K | $1.53M | |
| $5.45M | $9.15M | $8.67M |
MST vs. USDU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MST Defiance Leveraged Long Income MSTR ETF | -72.69% | -87.60% |
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund | 3.88% | 1.87% |
Correlation
The correlation between MST and USDU is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.22 |
Correlation (All Time) Calculated using the full available price history since May 2, 2025 | -0.19 |
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Return for Risk
MST vs. USDU — Risk / Return Rank
MST
USDU
MST vs. USDU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Leveraged Long Income MSTR ETF (MST) and WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MST | USDU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.02 | ||
| Sortino ratioReturn per unit of downside risk | -4.43 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 1.24 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 1.99 | -2.98 |
| Martin ratioReturn relative to average drawdown | -1.24 | 5.54 | -6.78 |
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Drawdowns
MST vs. USDU - Drawdown Comparison
The maximum MST drawdown since its inception was -97.68%, which is greater than USDU's maximum drawdown of -14.54%. Use the drawdown chart below to compare losses from any high point for MST and USDU.
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Drawdown Indicators
| MST | USDU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.68% | -14.54% | -83.14% |
Max Drawdown (1Y)Largest decline over 1 year | -97.23% | -3.64% | -93.59% |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.73% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.28% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.54% | — |
Current DrawdownCurrent decline from peak | -97.09% | -0.35% | -96.74% |
Average DrawdownAverage peak-to-trough decline | -65.79% | -4.68% | -61.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 77.66% | 1.30% | +76.36% |
Volatility
MST vs. USDU - Volatility Comparison
Defiance Leveraged Long Income MSTR ETF (MST) has a higher volatility of 47.37% compared to WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) at 0.95%. This indicates that MST's price experiences larger fluctuations and is considered to be riskier than USDU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MST | USDU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 47.37% | 0.95% | +46.42% |
Volatility (6M)Calculated over the trailing 6-month period | 109.11% | 4.33% | +104.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 134.50% | 5.56% | +128.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 127.07% | 6.59% | +120.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 127.07% | 7.41% | +119.66% |
MST vs. USDU - Expense Ratio Comparison
MST has a 1.31% expense ratio, which is higher than USDU's 0.51% expense ratio.
Dividends
MST vs. USDU - Dividend Comparison
MST's dividend yield for the trailing twelve months is around 1,103.59%, more than USDU's 3.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MST Defiance Leveraged Long Income MSTR ETF | 1,103.59% | 381.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund | 3.69% | 3.83% | 3.97% | 6.99% | 7.83% | 0.00% | 0.69% | 3.06% | 0.88% | 0.00% | 0.00% | 6.48% |
Frequently Asked Questions
MST and USDU have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MST has higher volatility (47.37%) compared to USDU (0.95%). In terms of maximum drawdown, MST dropped -97.68% vs USDU's -14.54%.
On 1-year performance, USDU leads with 7.21% vs -96.50% for MST. On fees, USDU is cheaper at 0.51% per year. On volatility, USDU has been the lower-risk option at 0.95%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USDU has performed better with a 7.21% return vs -96.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USDU is cheaper with a 0.51% expense ratio, compared with 1.31% for MST.
MST has the higher dividend yield at 1103.59%, compared with 3.69% for USDU.
MST is categorized as Derivative Income, while USDU is Currency. They also come from different issuers: Defiance and WisdomTree. Their fees differ too: 1.31% for MST and 0.51% for USDU.
USDU currently has the higher Sharpe Ratio (1.30 vs -0.72), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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