Leveraged Long + Income MSTR ETF
FThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$14.40−0.08 (−0.55%)
- 2.02%
- $27M
- −85.9%
- 240.90%
- 0.1M sh
- $14.80
- low $6.53high $220.92
The ETF.net MST Grade
F
Score 16 out of 100
- 66 of 72
Score 16 of 100 falls in the F band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F0 out of 100Rank 72 of 72Mission
Whether the fund did what it promised, tested against its stated mandate.F0 out of 100Rank 49 of 49Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F11 out of 100Rank 65 of 66Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B66 out of 100Rank 14 of 72Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B62 out of 100Rank 26 of 72
Our read on MST
FTwo aggressive ideas welded into one ticker: daily-reset leverage on MSTR plus an options income overlay. Defiance packages leveraged exposure and a monthly distribution schedule into a single fund, no margin account required.
The Fund seeks long-term capital appreciation and, secondarily, current income. It uses derivatives for approximately 150%–200% daily exposure to MSTR and sells credit call spreads to generate premium income and manage leveraged-exposure risk.
Why people hold it
- Leverage and an income overlay live in one wrapper: no margin account, no options approvals, no daily rebalancing chores on your end.
- Distributions run on a monthly cadence, a rhythm income-focused holders can plan around.
- Moderately traded despite a small asset base, so ordinary retail-size orders usually find the other side without drama.
Worth knowing
- The fee is 1.31%, above what the typical single-stock income fund charges. Cheaper options sit in the same cohort (TSMY, BRKC).
- Leverage resets daily. Hold longer than a day and the result depends on the path MSTR takes, with choppy stretches eroding value.
- Launched in 2025 and still small, so there is thin history for judging a full market cycle. Cost and volatility place it in the back of its peer group.
MST Holdings
- Other
- 9
- 213%
- Strategy Inc Swap Cs
MST Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
MST$1,414
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MST |
|---|---|
| Year to date | −45.3% |
| 1 month | +25.9% |
| 3 months | +100.7% |
| 1 year | −85.9% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MST |
|---|---|---|
| 2026 YTD | −45.3% | |
| 2025 | −88.0% |
MST in the news
MST Dividends
- 240.90%
- $34.88
- $0.11 per share
- Weekly
Distribution history
MST Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 125.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.74
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −97.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 4.97
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MST Cost
2.02%
MST2.02%
- The middle half of Single-Stock Option Income funds
- Median 1.07%
Every other Single-Stock Option Income fund charges less.
Other funds in Single-Stock Option Income
- DXYZYYieldMax XYZ Option Income Strategy ETFExpense ratio 1.36%1 year return −3.9%
- DFBYYGraniteShares YieldBOOST META ETFExpense ratio 1.07%1 year return —
- DHOYYGraniteShares YieldBOOST HOOD ETFExpense ratio 1.07%1 year return −43.7%
- DHMYYGraniteShares YieldBoost HIMS ETFExpense ratio 1.07%1 year return —
- FYBSTGraniteShares YieldBoost Single Stock Universe ETFExpense ratio 1.38%1 year return —