All charts and data below are with dividends reinvested. (Inflation adjustment is OFF !)

Total Real Returns

MST: Total Return Chart (with Dividends Reinvested)

MST total return snapshot: MST returned −96.50% over the past year and −72.69% YTD, with dividends reinvested. Since May 2, 2025, MST is down −96.65% in nominal total return, or −93.76%/yr, and is currently −97.09% below its total-return high on Jul. 16, 2025.

Data ending Thu Jul. 23, 2026

Growth of $10,000

Fri 2025-05-02💬 to Thu 2026-07-23 Overall
Return 		Exponential
Trendline
MST × 		−96.65%
−93.76%/yr 		−94.88%/yr
R2=0.912
Defiance Leveraged Long + Income MSTR ETF NASDAQ Exchange-Traded Fund

Growth of $10,000 Summary

Fri 2025-05-02💬 to Thu 2026-07-23 Start
Value 		End
Value
MST × 		$10,000.00
2025-05-02 		$335.18
2026-07-23

This Year’s Performance

through 2026-07-23

  YTD YoY
MST × 		−72.69% −96.50%

Drawdowns

  Current
Drawdown 		Worst
Drawdown
MST × 		−97.09%
on 2026-07-23
from 2025-07-16 peak 		−97.68%
on 2026-06-26
from 2025-07-16 peak

Rolling Returns

Period ending Thu 2026-07-23 1 yr 2 yr 3 yr 5 yr 10 yr
MST × 		−96.50% — — — —

Annual Returns

Year MST
2026 (YTD) −72.69%
2025 −87.73%