PWRZ vs. MDST

Last updated Jul 30, 2026

PWRZ (TrueShares Eagle Global Next Gen Power Infrastructure ETF) and MDST (Westwood Salient Enhanced Midstream Income ETF) are both exchange-traded funds - PWRZ is a Infrastructure Equities fund actively managed by TrueShares, while MDST is a Energy Equities fund actively managed by Westwood. Both are actively managed. Their 0.37 correlation means their historical movements had little consistent relationship. PWRZ charges 0.75%/yr vs 0.80%/yr for MDST.

Performance

PWRZ vs. MDST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Eagle Global Next Gen Power Infrastructure ETF (PWRZ) and Westwood Salient Enhanced Midstream Income ETF (MDST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PWRZ

• 1D: -0.89%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

MDST

• 1D: 0.27%
• 1M: 1.55%
• 6M: 12.09%
• YTD: 17.63%
• 1Y: 20.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.36%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MDST Westwood Salient Enhanced Midstream Income ETF	$1.67M	$1.55M	$1.74M
PWRZ TrueShares Eagle Global Next Gen Power Infrastructure ETF	$5.57K	$7.64K	$7.64K

PWRZ vs. MDST - Yearly Performance Comparison

	2026 (YTD)
PWRZ TrueShares Eagle Global Next Gen Power Infrastructure ETF	-2.28%
MDST Westwood Salient Enhanced Midstream Income ETF	0.34%

Correlation

The correlation between PWRZ and MDST is 0.37, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 10, 2026	0.37

Return for Risk

PWRZ vs. MDST — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PWRZ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

MDST

MDST Risk / Return Rank: 75
MDST Sharpe Ratio Rank: 74
MDST Sortino Ratio Rank: 75
MDST Omega Ratio Rank: 73
MDST Calmar Ratio Rank: 84
MDST Martin Ratio Rank: 69

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PWRZ vs. MDST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Eagle Global Next Gen Power Infrastructure ETF (PWRZ) and Westwood Salient Enhanced Midstream Income ETF (MDST). 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.

	PWRZ	MDST	Difference
Sharpe ratio: Return per unit of total volatility	—	1.66	—
Sortino ratio: Return per unit of downside risk	—	2.41	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	3.13	—
Martin ratio: Return relative to average drawdown	—	8.35	—

Drawdowns

PWRZ vs. MDST - Drawdown Comparison

The maximum PWRZ drawdown since its inception was -3.62%, smaller than the maximum MDST drawdown of -14.19%. Use the drawdown chart below to compare losses from any high point for PWRZ and MDST.

Drawdown Indicators

	PWRZ	MDST	Difference
Max Drawdown Largest peak-to-trough decline	-3.62%	-14.19%	+10.57%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.74%	—
Current Drawdown Current decline from peak	-3.62%	-2.49%	-1.13%
Average Drawdown Average peak-to-trough decline	-1.03%	-2.17%	+1.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.52%	—

Volatility

Volatility by Period

	PWRZ	MDST	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.64%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.27%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.99%	12.75%	-0.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.99%	16.07%	-4.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.99%	16.07%	-4.08%

PWRZ vs. MDST - Expense Ratio Comparison

PWRZ has a 0.75% expense ratio, which is lower than MDST's 0.80% expense ratio.

Dividends

PWRZ vs. MDST - Dividend Comparison

PWRZ has not paid dividends to shareholders, while MDST's dividend yield for the trailing twelve months is around 9.18%.

Position	TTM	2025	2024
MDST Westwood Salient Enhanced Midstream Income ETF	9.18%	10.22%	6.60%
PWRZ TrueShares Eagle Global Next Gen Power Infrastructure ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PWRZ and MDST in my portfolio?

PWRZ and MDST have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PWRZ or MDST?

On fees, PWRZ is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PWRZ or MDST?

PWRZ is cheaper with a 0.75% expense ratio, compared with 0.80% for MDST.

Which ETF pays a higher dividend yield, PWRZ or MDST?

MDST has the higher dividend yield at 9.18%, compared with 0.00% for PWRZ.

What is the main difference between PWRZ and MDST?

PWRZ is categorized as Infrastructure Equities, while MDST is Energy Equities. They also come from different issuers: TrueShares and Westwood. Their fees differ too: 0.75% for PWRZ and 0.80% for MDST.