MSTX Total Return Analyzer

MSTX total return combines two components: the cumulative distributions you received from MSTX over the holding period, and the change in NAV (share price) across the same window. Many high-yield funds advertise distribution rates that look spectacular in isolation but mask meaningful NAV erosion. The analyzer above shows exactly how much of your MSTX return came from distributions versus price change — a 50% annualized distribution rate paired with a 30% NAV decline is a very different investment than a 50% distribution with flat NAV.

Defiance Daily Target 2x Long MSTR ETF (MSTX) is issued by Defiance. Daily 2x leveraged exposure to MicroStrategy (MSTR) via swaps, futures, and options — does NOT hold MSTR directly. Leverage resets every day and is designed for short-term tactical trading, not buy-and-hold: over periods longer than a single day, leverage decay can cause losses even when MSTR rises. Launched August 2024 by Defiance. Not a dividend/income vehicle in the traditional sense. That strategy directly shapes the gap between headline yield and real yield: option-premium and covered-call funds tend to show large gaps, while traditional dividend ETFs and index funds usually show small ones.

For the detail behind each payment, see the MSTX dividend history. To project how future MSTX distributions compound under DRIP, open the MSTX dividend calculator.