All charts and data below are CPI-U inflation-adjusted and with dividends reinvested. (Why?)

Total Real Returns

MST: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

MST real return snapshot: after CPI-U inflation, MST returned −87.97% over the past year and −37.09% YTD, with dividends reinvested. Since May 2, 2025, MST is down −92.36% in real purchasing-power return, or −84.31%/yr, and is currently −93.32% below its real total-return high on Jul. 16, 2025.

Data ending Mon Sep. 21, 2026

Growth of $10,000

Fri 2025-05-02💬 to Mon 2026-09-21 Overall
Return 		Exponential
Trendline
MST × 		−92.36%
−84.31%/yr 		−93.88%/yr
R2=0.912
Defiance Leveraged Long + Income MSTR ETF NASDAQ Exchange-Traded Fund

Growth of $10,000 Summary

Fri 2025-05-02💬 to Mon 2026-09-21 Start
Value 		End
Value
MST × 		$10,000.00
2025-05-02 		$764.49
2026-09-21

This Year’s Performance

through 2026-09-21

  YTD YoY
MST × 		−37.09% −87.97%

Drawdowns

  Current
Drawdown 		Worst
Drawdown
MST × 		−93.32%
on 2026-09-21
from 2025-07-16 peak 		−97.76%
on 2026-06-26
from 2025-07-16 peak

Rolling Returns

Period ending Mon 2026-09-21 1 yr 2 yr 3 yr 5 yr 10 yr
MST × 		−87.97% — — — —

Annual Returns

Year MST
2026 (YTD) −37.09%
2025 −87.85%