MST: Defiance Leveraged Long + Income MSTR ETF
Defiance · Leveraged Income · Tracks MSTR
Growth of $100
Green is what an investor who reinvested every payout would have; red is the price alone. The gap between them is the income. If the red line keeps falling, the payouts are partly your own money coming back.
Was the payout earned?
Over the last year MST paid 233.4% but its total return was -73.1%, so none of the payout was earned: the price fell by more than the fund paid out.
| Earned % (3 months) | 205% |
| Earned % (1 year) | below -100% |
| Earned % (full history, up to 5 yrs) | below -100% |
Earned % = total return ÷ payouts. 100% means every dollar paid out was earned; below 100% means part of it came from the fund's own value. This is an economic measure based on market price, not the tax label on the payout.
Where the DT Score comes from
Total 30.4 / 100 · rank #325 of 420. How the score works
Risk
| Sortino ratio (1Y) | -0.92 |
| Sharpe ratio (1Y) | -0.62 |
| Steadiness vs S&P 500 | 9% |
| Beta to S&P 500 | 5.46 |
| Correlation to S&P 500 | 0.51 |
| Max drop (1Y) | -92.2% |
| Max drop (up to 5 yrs) | -97.7% |
| Trend | Downtrend |
| History | 1.5 yrs |
Vs. MSTR (what it's built on)
| Upside capture | 172% |
| Downside capture | 179% |
| Capture ratio | 0.96 |
| Beta | 1.77 |
| Correlation | 1.00 |
| Tracking | Closely |
On days MSTR rose, MST caught 172% of the gain; on days it fell, MST took 179% of the loss.
Payout history
Each bar is one payout (last 36 shown). Pays Weekly.
| Ex-date | Amount |
|---|---|
| 2026-11-04 | $0.0830 |
| 2026-10-28 | $0.0720 |
| 2026-10-21 | $0.0760 |
| 2026-10-14 | $0.0950 |
| 2026-10-07 | $0.1090 |
| 2026-09-30 | $0.1130 |
| 2026-09-23 | $0.1020 |
| 2026-09-16 | $0.1040 |
| 2026-09-09 | $0.1070 |
| 2026-09-02 | $0.1060 |
| 2026-08-26 | $0.0800 |
| 2026-08-19 | $0.0720 |
Funds that track the same thing
Other MSTR income funds, ranked by DT Score. See them all · Compare MST with the top 3
| Fund | Category | Fwd rate | 12m yield | 1Y total ret. | Earned % 1Y | Upside capt. | Downside capt. | Tracking | DT Score | Momentum | Trend |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WNTR YieldMax Short MSTR Option Income Strategy ETF | Single-Stock Option Income | 82.2% | 143.2% | +20.3% | 32% | -72% | -74% | Weakly | 48 | 10 | Mixed |
| MSTY YieldMax MSTR Option Income Strategy ETF | Single-Stock Option Income | 64.0% | 141.0% | -35.9% | below -100% | 84% | 85% | Closely | 29 | 73 | Downtrend |
| MSTW Roundhill MSTR WeeklyPay ETF | Single-Stock Option Income | 45.2% | 151.3% | -52.1% | below -100% | 118% | 120% | Closely | 28 | 74 | Downtrend |
| MSST YieldMax MSTR Performance & Distribution Target 25 ETF | Single-Stock Option Income | 25.2% | 30.1% | – | – | 86% | 88% | Closely | 28 | 75 | Downtrend |
| MTYY GraniteShares YieldBOOST MSTR ETF | Single-Stock Option Income | 40.4% | 203.6% | -44.8% | below -100% | 23% | 38% | Loosely | 23 | 38 | Downtrend |
| MSR GraniteShares Autocallable MSTR ETF | Autocallable / Structured Income | 15.3% | 12.8% | – | – | 41% | 52% | Loosely | – | 75 | Down (short history) |
About MST
| Issuer | Defiance |
| Structure | ETF |
| Category | Leveraged Income |
| Strategy | Leveraged long MSTR exposure plus option income, weekly |
| Underlying | MSTR |
| Exposure | Single Stock |
| Index linkage | No - active |
| Pays | Weekly |
| Expense ratio | – |
| Launched | 2025 |
| Uses leverage | Yes |
| Upside capped | Partial |
| Rate sensitivity | Neutral |
| Return of capital common | Yes |
| Tax notes | Mostly ROC |
Research notes: Defiance closed eight long+income funds Jan 2026; MST remains.
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