VSTL vs. MSTX
VSTL (Defiance Daily Target 2X Long VST ETF) and MSTX (Defiance Daily Target 2X Long MSTR ETF) are both Leveraged Equities funds from Defiance. Both are actively managed. At a 0.26 correlation, their price movements are largely independent. Both charge a 1.29% expense ratio.
Performance
VSTL vs. MSTX - Performance Comparison
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Returns By Period
In the year-to-date period, VSTL achieves a -31.04% return, which is significantly higher than MSTX's -59.64% return.
VSTL
- 1D
- -6.51%
- 1M
- -15.06%
- YTD
- -31.04%
- 6M
- -37.25%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTX
- 1D
- -14.14%
- 1M
- -61.71%
- YTD
- -59.64%
- 6M
- -72.15%
- 1Y
- -95.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VSTL vs. MSTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VSTL Defiance Daily Target 2X Long VST ETF | -31.04% | -37.91% |
MSTX Defiance Daily Target 2X Long MSTR ETF | -59.64% | -91.02% |
Correlation
The correlation between VSTL and MSTX is 0.26, 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 Jul 23, 2025 | 0.26 |
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Return for Risk
VSTL vs. MSTX — Risk / Return Rank
VSTL
MSTX
VSTL vs. MSTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long VST ETF (VSTL) 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
| VSTL | 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 | -0.63 | -0.43 | -0.20 |
Drawdowns
VSTL vs. MSTX - Drawdown Comparison
The maximum VSTL drawdown since its inception was -71.42%, smaller than the maximum MSTX drawdown of -98.76%. Use the drawdown chart below to compare losses from any high point for VSTL and MSTX.
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Drawdown Indicators
| VSTL | MSTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.42% | -98.76% | +27.34% |
Max Drawdown (1Y)Largest decline over 1 year | — | -96.86% | — |
Current DrawdownCurrent decline from peak | -66.17% | -98.76% | +32.59% |
Average DrawdownAverage peak-to-trough decline | -40.42% | -70.07% | +29.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 75.75% | — |
Volatility
VSTL vs. MSTX - Volatility Comparison
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Volatility by Period
| VSTL | MSTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 41.25% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 112.67% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 98.65% | 140.49% | -41.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 98.65% | 167.45% | -68.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 98.65% | 167.45% | -68.80% |
VSTL vs. MSTX - Expense Ratio Comparison
Both VSTL and MSTX have an expense ratio of 1.29%.
Dividends
VSTL vs. MSTX - Dividend Comparison
Neither VSTL 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% |
VSTL Defiance Daily Target 2X Long VST ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VSTL and MSTX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 1.29% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VSTL and MSTX have the same expense ratio: 1.29% per year.
VSTL and MSTX have nearly identical dividend yields, around 0.00%.
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