MSTX vs QQQ
Defiance Daily Target 2X Long MSTR ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | MSTX | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.31% | 0.18% | |
| AUM | $150M | $496.3B | |
| Dividend Yield | 0.00% | 0.44% | |
| Holdings | 10 | 108 | |
| YTD Return | -69.56% | +16.23% | |
| 1Y Return | -95.05% | +26.23% | |
| 3Y Return (annualized) | - | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 155.3% | 30.6% | |
| Max Drawdown | -99.5% | -83.0% | |
| Fund Family | Defiance ETFs, LLC | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Aug 14, 2024 | Mar 10, 1999 |
MSTX vs QQQ Performance
Defiance Daily Target 2X Long MSTR ETF (MSTX) is a ETF from Defiance ETFs, LLC and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year MSTX returned -95.05% while QQQ returned +26.23%. Year to date, MSTX is down 69.56% versus a gain of 16.23% for QQQ.
Risk: Volatility and Drawdowns
MSTX has been the more volatile fund, with annualized monthly volatility of 155.3% compared with 30.6% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -99.5% for MSTX and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.30. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MSTX charges 1.31% per year while QQQ charges 0.18%. On a $10,000 position that is $131 vs $18 annually, a gap of $113 per year that compounds over a long holding period. On income, MSTX currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
MSTX and QQQ share 0 holdings out of 104 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MSTX or QQQ?
MSTX has an expense ratio of 1.31% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $113 per year of difference.
Which performed better, MSTX or QQQ?
Over the past year MSTX returned -95.05% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), MSTX annualized -70.75% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, MSTX or QQQ?
MSTX has been the more volatile fund at 155.3% annualized versus 30.6% for QQQ. Worst drawdown: MSTX -99.5% vs QQQ -83.0%.
Should I hold both MSTX and QQQ?
MSTX and QQQ have a monthly-return correlation of 0.30, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MSTX and QQQ?
MSTX and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, MSTX or QQQ?
MSTX yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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