RKNG vs. MSTX
RKNG (Defiance Retail Kings ETF) and MSTX (Defiance Daily Target 2X Long MSTR ETF) are both exchange-traded funds - RKNG is a Consumer Discretionary Equities fund actively managed by Defiance, while MSTX is a Leveraged Equities fund actively managed by Defiance. Both are actively managed. A 0.55 correlation means they provide meaningful diversification when combined. RKNG charges 0.79%/yr vs 1.29%/yr for MSTX.
Performance
RKNG vs. MSTX - Performance Comparison
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Returns By Period
RKNG
- 1D
- -0.12%
- 1M
- 12.39%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTX
- 1D
- 4.32%
- 1M
- -55.48%
- YTD
- -52.99%
- 6M
- -70.03%
- 1Y
- -95.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RKNG vs. MSTX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
RKNG Defiance Retail Kings ETF | 16.03% |
MSTX Defiance Daily Target 2X Long MSTR ETF | -56.07% |
Correlation
The correlation between RKNG and MSTX is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 23, 2026 | 0.55 |
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Return for Risk
RKNG vs. MSTX — Risk / Return Rank
RKNG
MSTX
RKNG vs. MSTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Retail Kings ETF (RKNG) and Defiance Daily Target 2X Long MSTR ETF (MSTX). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| RKNG | MSTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | -0.41 | +1.28 |
Drawdowns
RKNG vs. MSTX - Drawdown Comparison
The maximum RKNG drawdown since its inception was -34.21%, smaller than the maximum MSTX drawdown of -98.66%. Use the drawdown chart below to compare losses from any high point for RKNG and MSTX.
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Drawdown Indicators
| RKNG | MSTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.21% | -98.66% | +64.45% |
Max Drawdown (1Y)Largest decline over 1 year | — | -96.62% | — |
Current DrawdownCurrent decline from peak | -2.72% | -98.55% | +95.83% |
Average DrawdownAverage peak-to-trough decline | -12.80% | -70.01% | +57.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 75.50% | — |
Volatility
RKNG vs. MSTX - Volatility Comparison
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Volatility by Period
| RKNG | MSTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 39.88% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 112.08% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 58.62% | 139.91% | -81.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.62% | 167.30% | -108.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.62% | 167.30% | -108.68% |
RKNG vs. MSTX - Expense Ratio Comparison
RKNG has a 0.79% expense ratio, which is lower than MSTX's 1.29% expense ratio.
Dividends
RKNG vs. MSTX - Dividend Comparison
Neither RKNG nor MSTX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MSTX Defiance Daily Target 2X Long MSTR ETF | 0.00% | 0.00% | 41.01% |
RKNG Defiance Retail Kings ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RKNG and MSTX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RKNG is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RKNG is cheaper with a 0.79% expense ratio, compared with 1.29% for MSTX.
RKNG and MSTX have nearly identical dividend yields, around 0.00%.
RKNG is categorized as Consumer Discretionary Equities, while MSTX is Leveraged Equities. Their fees differ too: 0.79% for RKNG and 1.29% for MSTX.
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