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

Total Real Returns

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

MSTX real return snapshot: after CPI-U inflation, MSTX returned −92.96% over the past year and −57.81% YTD, with dividends reinvested. Since Aug. 15, 2024, MSTX is down −89.36% in real purchasing-power return, or −66.41%/yr, and is currently −98.74% below its real total-return high on Nov. 20, 2024.

Data ending Fri Sep. 4, 2026

Growth of $10,000

Thu 2024-08-15💬 to Fri 2026-09-04 Overall
Return 		Exponential
Trendline
MSTX × 		−89.36%
−66.41%/yr 		−86.86%/yr
R2=0.747
Defiance Daily Target 1.75x Long MSTR ETF NASDAQ Exchange-Traded Fund

Growth of $10,000 Summary

Thu 2024-08-15💬 to Fri 2026-09-04 Start
Value 		End
Value
MSTX × 		$10,000.00
2024-08-15 		$1,064.30
2026-09-04

This Year’s Performance

through 2026-09-04

  YTD YoY
MSTX × 		−57.81% −92.96%

Drawdowns

  Current
Drawdown 		Worst
Drawdown
MSTX × 		−98.74%
on 2026-09-04
from 2024-11-20 peak 		−99.49%
on 2026-06-26
from 2024-11-20 peak

Rolling Returns

Period ending Fri 2026-09-04 1 yr 2 yr 3 yr 5 yr 10 yr
MSTX × 		−92.96% −87.89%
−65.19%/yr 		— — —

Annual Returns

Year MSTX
2026 (YTD) −57.81%
2025 −89.34%
2024 +136.66%