TSES vs. MDST

Last updated Jul 4, 2026

TSES (Truth Social American Energy Security ETF) and MDST (Westwood Salient Enhanced Midstream Income ETF) are both Energy Equities funds. TSES is passively managed, while MDST is actively managed. At a 0.45 correlation, their price movements are largely independent. TSES charges 0.65%/yr vs 0.80%/yr for MDST.

Performance

TSES vs. MDST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Truth Social American Energy Security ETF (TSES) and Westwood Salient Enhanced Midstream Income ETF (MDST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSES achieves a 20.75% return, which is significantly higher than MDST's 15.51% return.

TSES

• 1D: 0.00%
• 1M: -3.52%
• 6M: 18.38%
• YTD: 20.75%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MDST

• 1D: 1.19%
• 1M: 0.49%
• 6M: 14.38%
• YTD: 15.51%
• 1Y: 18.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSES vs. MDST - Yearly Performance Comparison

	2026 (YTD)	2025
TSES Truth Social American Energy Security ETF	20.75%	-0.71%
MDST Westwood Salient Enhanced Midstream Income ETF	15.51%	-0.08%

Correlation

The correlation between TSES and MDST is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 30, 2025	0.45

Return for Risk

TSES vs. MDST — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TSES

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

MDST

MDST Risk / Return Rank: 57
MDST Sharpe Ratio Rank: 54
MDST Sortino Ratio Rank: 55
MDST Omega Ratio Rank: 52
MDST Calmar Ratio Rank: 69
MDST Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TSES vs. MDST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Truth Social American Energy Security ETF (TSES) 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.

	TSES	MDST	Difference
Sharpe ratio: Return per unit of total volatility	—	1.53	—
Sortino ratio: Return per unit of downside risk	—	2.21	—
Omega ratio: Gain probability vs. loss probability	—	1.28	—
Calmar ratio: Return relative to maximum drawdown	—	2.83	—
Martin ratio: Return relative to average drawdown	—	7.62	—

Drawdowns

TSES vs. MDST - Drawdown Comparison

The maximum TSES drawdown since its inception was -6.25%, smaller than the maximum MDST drawdown of -14.19%. Use the drawdown chart below to compare losses from any high point for TSES and MDST.

Drawdown Indicators

	TSES	MDST	Difference
Max Drawdown Largest peak-to-trough decline	-6.25%	-14.19%	+7.94%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.74%	—
Current Drawdown Current decline from peak	-6.25%	-3.06%	-3.19%
Average Drawdown Average peak-to-trough decline	-1.73%	-2.20%	+0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.50%	—

Volatility

Volatility by Period

	TSES	MDST	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.43%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.84%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.79%	12.54%	+3.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.79%	16.07%	-0.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.79%	16.07%	-0.28%

TSES vs. MDST - Expense Ratio Comparison

TSES has a 0.65% expense ratio, which is lower than MDST's 0.80% expense ratio.

Dividends

TSES vs. MDST - Dividend Comparison

TSES's dividend yield for the trailing twelve months is around 0.87%, less than MDST's 9.35% yield.

Position	TTM	2025	2024
MDST Westwood Salient Enhanced Midstream Income ETF	9.35%	10.22%	6.60%
TSES Truth Social American Energy Security ETF	0.87%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSES and MDST in my portfolio?

TSES and MDST have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSES or MDST?

On fees, TSES is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSES or MDST?

TSES is cheaper with a 0.65% expense ratio, compared with 0.80% for MDST.

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

MDST has the higher dividend yield at 9.35%, compared with 0.87% for TSES.

What is the main difference between TSES and MDST?

They also come from different issuers: Truth Social Funds and Westwood. Their fees differ too: 0.65% for TSES and 0.80% for MDST.