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- Upturn Summary
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- Fund Details
Defiance Daily Target 1.75x Long MSTR ETF(MSTX)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for MSTX
09/11/2026: MSTX (2-star) has a low Upturn Star Rating. Not recommended to BUY.
MSTX is a leveraged ETF that provides 1.75 times the daily return of MicroStrategy (MSTR) stock using derivative instruments. Its main strength is enabling tactical, amplified exposure to a high-beta asset for short-term traders. It is intended for intraday or very short-term use, as compounding and volatility decay can cause long-term performance to diverge significantly from the target. The primary risks involve extreme concentration in a single stock, significant volatility, and potential capital loss during adverse market moves. This product is best suited for experienced investors who actively monitor their positions and understand the risks associated with daily leveraged products.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | This fund is designed for short-term tactical trading rather than traditional long-term growth investing. |
| Momentum investor | Strong fit while signal remains positive | Momentum traders may use this to amplify gains during clear upward trends in MSTR stock. |
| Value investor | Weak fit | The fund's leveraged structure and volatility decay are antithetical to value-based investment principles. |
| Dividend/Income investor | Weak fit | This fund does not provide consistent income and is not suitable for dividend-focused portfolios. |
| Low-risk investor | Weak fit | The inherent volatility and potential for significant capital loss make this unsuitable for low-risk profiles. |
Investor Profile
Ideal Investor Profile
The ideal investor is an experienced, active trader with a high risk tolerance who understands the mechanics and risks of daily leveraged ETFs.
Suitability
MSTX is strictly for short-term tactical traders and is generally unsuitable for long-term investors or passive index followers.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | Daily leverage amplifies the already high volatility of the underlying MSTR stock. |
| Market risk | High | The fund is directly exposed to the market price fluctuations of a single, highly volatile equity. |
| Concentration | High | By focusing on a single stock, the fund lacks diversification and carries significant idiosyncratic risk. |
| Tracking/expense | Medium / high | Daily rebalancing and derivative costs can result in performance that deviates from the expected multiple over time. |
| Liquidity | Medium | During market stress, the liquidity of the underlying derivatives can tighten, impacting trading costs. |
| Business/sector quality | High | Performance is tied to the business success and market sentiment surrounding MicroStrategy's Bitcoin strategy. |
Risk Analysis
Volatility
MSTX exhibits extremely high historical volatility due to its 1.75x leverage factor and the nature of the underlying asset.
Market Risk
The fund carries substantial market risk, as it is fully dependent on the idiosyncratic performance of MicroStrategy and broader cryptocurrency market sentiment.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Single stock | MicroStrategy (MSTR) — seeks 1.75x daily return | 95 | The fund derives its primary performance from the daily price movements of MicroStrategy Incorporated. |
| Cash/collateral | Cash and Cash Equivalents | 5 | Cash and short-term debt instruments are held to serve as collateral for the derivative contracts. |
Price Behavior
Steep Decline
The stock price has dropped sharply with strong downward pressure.
Extreme Price Shocks
The stock has experienced exceptionally large and disruptive price movements during the period.
Analysis of Past Performance
Type ETF | Historic Profit 36.3% | Avg. Invested days 21 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 09/11/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Sep 13, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $266.29M |
| Issuer | Defiance ETFs LLC |
| Expense Ratio | 131% |
| Distribution Yield | 0% |
| Inception | Aug 14, 2024 |
Performance
| Period | Total Return |
|---|---|
| YTD | -63.61% |
| 1 Year | -93.83% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 160.78% |
| 3Y Volatility | 0% |
| 3Y Sharpe Ratio | 0 |
Top Sectors
| Sector | Weight |
|---|---|
| Basic Materials | 0.00% |
| Consumer Cyclicals | 0.00% |
| Financial Services | 0.00% |
| Real Estate | 0.00% |
Asset Allocation
Portfolio Characteristics
| Metric | Value |
|---|---|
| Distribution Yield | 0% |
Top Holdings
| Holding | Weight |
|---|---|
| First American Funds. - Government Obligations Fund | 5.58% |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
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