MSTX vs. SPY
Compare and contrast key facts about Defiance Daily Target 2X Long MSTR ETF (MSTX) and SPDR S&P 500 ETF (SPY).
MSTX and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MSTX or SPY.
Correlation
The correlation between MSTX and SPY is 0.45, 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. SPY - Performance Comparison
Key characteristics
MSTX:
207.39%
SPY:
12.69%
MSTX:
-71.87%
SPY:
-55.19%
MSTX:
-62.59%
SPY:
-3.89%
Returns By Period
In the year-to-date period, MSTX achieves a 32.97% return, which is significantly higher than SPY's -0.66% return.
MSTX
32.97%
-39.05%
N/A
N/A
N/A
N/A
SPY
-0.66%
-3.32%
3.73%
23.70%
13.73%
13.18%
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MSTX vs. SPY - Expense Ratio Comparison
MSTX has a 1.29% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
MSTX vs. SPY — Risk-Adjusted Performance Rank
MSTX
SPY
MSTX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long MSTR ETF (MSTX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
MSTX's dividend yield for the trailing twelve months is around 30.84%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSTX Defiance Daily Target 2X Long MSTR ETF | 30.84% | 41.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
MSTX vs. SPY - Drawdown Comparison
The maximum MSTX drawdown since its inception was -71.87%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MSTX and SPY. For additional features, visit the drawdowns tool.
Volatility
MSTX vs. SPY - Volatility Comparison
Defiance Daily Target 2X Long MSTR ETF (MSTX) has a higher volatility of 64.64% compared to SPDR S&P 500 ETF (SPY) at 4.61%. This indicates that MSTX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.