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 −92.06% over the past year and −60.17% YTD, with dividends reinvested. Since May 2, 2025, MST is down −95.16% in real purchasing-power return, or −89.68%/yr, and is currently −95.77% below its real total-return high on Jul. 16, 2025.

Data ending Tue Sep. 1, 2026

Growth of $10,000

Fri 2025-05-02💬 to Tue 2026-09-01 Overall
Return 		Exponential
Trendline
MST × 		−95.16%
−89.68%/yr 		−94.58%/yr
R2=0.923
Defiance Leveraged Long + Income MSTR ETF NASDAQ Exchange-Traded Fund

Growth of $10,000 Summary

Fri 2025-05-02💬 to Tue 2026-09-01 Start
Value 		End
Value
MST × 		$10,000.00
2025-05-02 		$484.04
2026-09-01

This Year’s Performance

through 2026-09-01

  YTD YoY
MST × 		−60.17% −92.06%

Drawdowns

  Current
Drawdown 		Worst
Drawdown
MST × 		−95.77%
on 2026-09-01
from 2025-07-16 peak 		−97.76%
on 2026-06-26
from 2025-07-16 peak

Rolling Returns

Period ending Tue 2026-09-01 1 yr 2 yr 3 yr 5 yr 10 yr
MST × 		−92.06% — — — —

Annual Returns

Year MST
2026 (YTD) −60.17%
2025 −87.85%