MSTX vs. BTC-USD
Compare and contrast key facts about Defiance Daily Target 2X Long MSTR ETF (MSTX) and Bitcoin (BTC-USD).
MSTX is an actively managed fund by Defiance. It was launched on Aug 14, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MSTX or BTC-USD.
Correlation
The correlation between MSTX and BTC-USD is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MSTX vs. BTC-USD - Performance Comparison
Key characteristics
MSTX:
199.05%
BTC-USD:
42.54%
MSTX:
-84.59%
BTC-USD:
-93.07%
MSTX:
-75.84%
BTC-USD:
-22.29%
Returns By Period
In the year-to-date period, MSTX achieves a -14.13% return, which is significantly lower than BTC-USD's -11.71% return.
MSTX
-14.13%
33.32%
49.56%
N/A
N/A
N/A
BTC-USD
-11.71%
-4.16%
36.04%
26.03%
65.06%
77.84%
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Risk-Adjusted Performance
MSTX vs. BTC-USD — Risk-Adjusted Performance Rank
MSTX
BTC-USD
MSTX vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long MSTR ETF (MSTX) and Bitcoin (BTC-USD). 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.
Not enough dataDrawdowns
MSTX vs. BTC-USD - Drawdown Comparison
The maximum MSTX drawdown since its inception was -84.59%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for MSTX and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
MSTX vs. BTC-USD - Volatility Comparison
Defiance Daily Target 2X Long MSTR ETF (MSTX) has a higher volatility of 69.30% compared to Bitcoin (BTC-USD) at 15.22%. This indicates that MSTX's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.