MSTX vs. IBIT
Compare and contrast key facts about Defiance Daily Target 2X Long MSTR ETF (MSTX) and iShares Bitcoin Trust (IBIT).
MSTX and IBIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MSTX is an actively managed fund by Defiance. It was launched on Aug 14, 2024. IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MSTX or IBIT.
Correlation
The correlation between MSTX and IBIT is 0.70, 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. IBIT - Performance Comparison
Key characteristics
MSTX:
199.05%
IBIT:
54.32%
MSTX:
-84.59%
IBIT:
-27.51%
MSTX:
-75.84%
IBIT:
-18.64%
Returns By Period
In the year-to-date period, MSTX achieves a -14.13% return, which is significantly lower than IBIT's -6.86% return.
MSTX
-14.13%
33.32%
49.56%
N/A
N/A
N/A
IBIT
-6.86%
1.04%
44.30%
31.41%
N/A
N/A
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MSTX vs. IBIT - Expense Ratio Comparison
MSTX has a 1.29% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Risk-Adjusted Performance
MSTX vs. IBIT — Risk-Adjusted Performance Rank
MSTX
IBIT
MSTX vs. IBIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long MSTR ETF (MSTX) and iShares Bitcoin Trust (IBIT). 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 dataDividends
MSTX vs. IBIT - Dividend Comparison
MSTX's dividend yield for the trailing twelve months is around 47.76%, while IBIT has not paid dividends to shareholders.
| TTM | 2024 | |
|---|---|---|
MSTX Defiance Daily Target 2X Long MSTR ETF | 47.76% | 41.01% |
IBIT iShares Bitcoin Trust | 0.00% | 0.00% |
Drawdowns
MSTX vs. IBIT - Drawdown Comparison
The maximum MSTX drawdown since its inception was -84.59%, which is greater than IBIT's maximum drawdown of -27.51%. Use the drawdown chart below to compare losses from any high point for MSTX and IBIT. For additional features, visit the drawdowns tool.
Volatility
MSTX vs. IBIT - Volatility Comparison
Defiance Daily Target 2X Long MSTR ETF (MSTX) has a higher volatility of 67.80% compared to iShares Bitcoin Trust (IBIT) at 16.90%. This indicates that MSTX's price experiences larger fluctuations and is considered to be riskier than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.