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.
The ETF.net MST Grade
F
Score 16 out of 100
- 70 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 50 of 50Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F13 out of 100Rank 69 of 70Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A70 out of 100Rank 6 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.B55 out of 100Rank 37 of 72
Our read on MST
In short
FMost single-stock income ETFs sell away upside to fund the payout. MST runs both plays at once: derivatives targeting 150% to 200% of MSTR's daily move, with sold call spreads layered on top for premium income.
Stated mandate
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
Worth knowing
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$1,249
Returns run to the Oct 30, 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 | −61.4% |
| 1 month | −29.8% |
| 3 months | +40.5% |
| 1 year | −87.5% |
| 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 | −61.4% |
MST in the news
MST Dividends
- 256.60%
- $25.71
- $0.07 per share
- Weekly
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.
- 122.8%
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.
- −0.88
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.
FMP measures it over up to five years of monthly returns.
MST Cost
Overpaying vs KWIN, cheapest in Single-Stock Option Income
$21,613
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
MST 1.91%
$31,778
KWIN 0.51% Cheapest
$10,165
Cost over time
Year by year
| Year | MST | KWIN | Overpaying |
|---|---|---|---|
| 10 | $3,242 | $918 | $2,324 |
| 20 | $11,705 | $3,527 | $8,178 |
| 30 | $31,778 | $10,165 | $21,613 |
You pay 1.91%Waived by Defiance 0.11%
Full fee 2.02% waiver 0.11% you pay 1.91%
Other funds in Single-Stock Option Income
- DHOYYGraniteShares YieldBOOST HOOD ETFExpense ratio 1.18%1 year return −51.3%
- DATCGraniteShares Autocallable COIN ETFExpense ratio 1.18%1 year return
- FMRAGraniteshares Autocallable Mara ETFExpense ratio 1.18%1 year return
- FHMYYGraniteShares YieldBoost HIMS ETFExpense ratio 1.18%1 year return
- FYBSTGraniteShares YieldBoost Single Stock Universe ETFExpense ratio 1.68%1 year return
