MSTX Performance — Defiance Daily Target 2X Long MSTR ETF
Data updated: 2026-09-28
MSTX returned −79.14% year to date and −97.86% over one year to Jul 2026. Over one year the fund trailed its Trading - Leveraged category average: $100 grew to $2, against $105 for the category. Volatility over the past 12 months was 121.44% a year. In the 12 months to Jul 2026 the fund took in a net $599.7M, and assets reached $131.65M.
MSTX Growth of $100
What $100 invested in Defiance Daily Target 2X Long MSTR ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Trading - Leveraged category average over the same months.
| Period | MSTX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $2 | $105 |
| Since data start (Aug 2024 – Jul 2026) | $6 | $123 |
MSTX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −79.14% |
| 1 year | −97.86% |
| 3 years (annualised) | −76.21% |
MSTX Annual Returns
Calendar-year total returns of Defiance Daily Target 2X Long MSTR ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | −79.14% |
| 2025 | −89.06% |
| 2024 (Aug–Dec) | +147.99% |
MSTX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −9.5% | −35.6% | −12.9% | +64.6% | −12.6% | −73.6% | +8.0% | — | — | — | — | — |
| 2025 | +23.8% | −46.1% | +10.1% | +51.6% | −10.3% | +14.9% | −6.9% | −35.4% | −11.8% | −35.1% | −60.1% | −30.5% |
| 2024 | — | — | — | — | — | — | — | −0.1% | +45.2% | +78.2% | +91.9% | −50.0% |
MSTX Risk
Risk measures from monthly returns over Aug 2025 – Jul 2026.
- 1-year volatility (annualised): 121.44%
- Best month: +64.60% (Apr 2026)
- Worst month: −73.56% (Jun 2026)
MSTX Fund Flows
Monthly money in and out of Defiance Daily Target 2X Long MSTR ETF, from SEC Form N-PORT.
- 12-month net flow: $599.7M
- 12-month gross sales (incl. reinvestments): $2.2B
- Sales ÷ redemptions: 1.39×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $150.3M | $175.8M | −$25.6M |
| Jun 2026 | $168.0M | $63.1M | $105.0M |
| May 2026 | $87.6M | $121.2M | −$33.6M |
| Apr 2026 | $254.4M | $205.8M | $48.6M |
| Mar 2026 | $125.8M | $120.1M | $5.7M |
| Feb 2026 | $103.9M | $74.3M | $29.6M |
| Jan 2026 | $164.7M | $84.1M | $80.6M |
| Dec 2025 | $132.0M | $88.9M | $43.1M |
| Nov 2025 | $210.8M | $92.8M | $118.1M |
| Oct 2025 | $374.3M | $280.3M | $93.9M |
| Sep 2025 | $247.5M | $134.9M | $112.6M |
| Aug 2025 | $136.6M | $114.9M | $21.7M |
MSTX Assets Under Management
Net assets of Defiance Daily Target 2X Long MSTR ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $131.65M |
| 2026-04-30 | $387.69M |
| 2026-01-31 | $309.27M |
| 2025-10-31 | $603.63M |
| 2025-07-31 | $1.12B |
| 2025-04-30 | $1.68B |
| 2025-01-31 | $1.37B |
| 2024-10-31 | $564.51M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.