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 −89.89% over the past year and −50.69% YTD, with dividends reinvested. Since Aug. 15, 2024, MSTX is down −87.56% in real purchasing-power return, or −62.75%/yr, and is currently −98.52% below its real total-return high on Nov. 20, 2024.

Data ending Fri Sep. 25, 2026

Growth of $10,000

Thu 2024-08-15💬 to Fri 2026-09-25 Overall
Return 		Exponential
Trendline
MSTX × 		−87.56%
−62.75%/yr 		−86.65%/yr
R2=0.758
Defiance Daily Target 1.75x Long MSTR ETF NASDAQ Exchange-Traded Fund

Growth of $10,000 Summary

Thu 2024-08-15💬 to Fri 2026-09-25 Start
Value 		End
Value
MSTX × 		$10,000.00
2024-08-15 		$1,243.87
2026-09-25

This Year’s Performance

through 2026-09-25

  YTD YoY
MSTX × 		−50.69% −89.89%

Drawdowns

  Current
Drawdown 		Worst
Drawdown
MSTX × 		−98.52%
on 2026-09-25
from 2024-11-20 peak 		−99.49%
on 2026-06-26
from 2024-11-20 peak

Rolling Returns

Period ending Fri 2026-09-25 1 yr 2 yr 3 yr 5 yr 10 yr
MSTX × 		−89.89% −89.62%
−67.78%/yr 		— — —

Annual Returns

Year MSTX
2026 (YTD) −50.69%
2025 −89.34%
2024 +136.66%