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Beacon

MSTDefiance Leveraged Long + Income MSTR ETF

Grow my moneyTake a bet1y track recordRanked #650 of 949 in this goal

Seeks long-term capital appreciation, with a secondary objective to seek current income.

By Defiance ETFs LLC · Launched 2025

Annual Cost

1.31%

#5,603 of 5,854 · expensive

Fund Size

$12M

#4,804 of 5,854 · small

Return (1Y)Goal

-96.2%

Track Record

1 year

#4,278 of 5,854 · young

Performance

Total-return NAV · USD
Growth of $10,000
$369-96.3%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Equity

Strategy

Leveraged

What it actually holds

By weight

Concentration

synthetic exposure — holdings shown are derivatives collateral, not the fund's positions

First American Government Obligs XFGXXX
8.7%
BNY Dreyfus Govt Cash Mgmt InstlDGCXX
0.6%

Asset allocation

Stocks
198.8%
Other
5.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
135.4%High

Year-on-year price swings

Max drawdown
-97.7%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks long-term capital appreciation, with a secondary objective to seek current income.
Strategy
Actively manages a leveraged strategy to achieve 150% to 200% daily exposure to MicroStrategy Incorporated (MSTR) using derivatives, complemented by an income generation strategy through credit call spreads. Aims for long-term capital appreciation and current income.
Inception date
May 1, 2025
Fund family
Defiance ETFs LLC

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

Your return drifts the longer you hold

Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.

Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-03