IVOL vs MSTX

Comparison between QUADRATIC INTEREST RATE VOLATILITY AND INFLATION HEDGE ETF (IVOL, ETF) and Defiance Daily Target 2x Long MSTR ETF (MSTX, ETF).

IVOL vs MSTX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IVOL(ETF)	MSTX(ETF)
Net Assets	$314M	$314M
Expense Ratio	0.98%	N/A
Max Drawdown	39.76%	99.18%
Sharpe Ratio	-1.18	-1.54
5Y Beta	-0.20	4.82
5Y Dividends CAGR	-5.74%	N/A

Net Assets

IVOL

$314M

Winner

MSTX

$314M

Expense Ratio

IVOL

0.98%

MSTX

N/A

Max Drawdown

Winner

IVOL

39.76%

MSTX

99.18%

Sharpe Ratio

Winner

IVOL

-1.18

MSTX

-1.54

5Y Beta

Winner

IVOL

-0.20

MSTX

4.82

5Y Dividends CAGR

IVOL

-5.74%

MSTX

N/A

IVOL vs MSTX - Historical Returns

Returns include dividend reinvestment.

Period	IVOL	MSTX
1 month	-1.68%	-55.85%
3 months	-5.53%	-43.75%
6 months	-6.71%	-66.91%
1 year	-4.62%	-95.72%
5 years(CAGR)	-5.60%	N/A
Max(CAGR)	-1.37%	-70.12%

Winner

IVOL

-1.68%

MSTX

-55.85%

Winner

IVOL

-5.53%

MSTX

-43.75%

Winner

IVOL

-6.71%

MSTX

-66.91%

Winner

IVOL

-4.62%

MSTX

-95.72%

5Y(CAGR)

IVOL

-5.60%

MSTX

N/A

Max(CAGR)

Winner

IVOL

-1.37%

MSTX

-70.12%

IVOL vs MSTX - Annual Returns (2019 - 2026)

Returns include dividend reinvestment.

Year	IVOL	MSTX
2026	-6.31%	-61.49%
2025	+12.03%	-89.80%
2024	-10.51%	+143.64%
2023	-4.63%	N/A
2022	-12.97%	N/A
2021	-0.69%	N/A
2020	+14.96%	N/A
2019	+3.23%	N/A

IVOL vs MSTX Drawdown Comparison

The maximum drawdown for IVOL was -31.17%, occurring on Dec 18, 2024. This drawdown has not yet recovered.

The maximum drawdown for MSTX was -98.84%, occurring on Jun 10, 2026. This drawdown has not yet recovered.

The current IVOL drawdown is -26.65%. The current MSTX drawdown is -98.71%.

Rank	IVOL	MSTX
#1	-31.17% May 10, 2021 - Dec 18, 2024	-98.84% Nov 20, 2024 - Jun 10, 2026
#2	-8.02% Mar 6, 2020 - Mar 26, 2020	-38.90% Aug 23, 2024 - Sep 26, 2024
#3	-3.93% Mar 26, 2020 - Apr 8, 2020	-26.07% Oct 29, 2024 - Nov 7, 2024
#4	-3.23% Jun 6, 2019 - Feb 28, 2020	-16.43% Nov 12, 2024 - Nov 18, 2024
#5	-2.52% Apr 13, 2020 - May 8, 2020	-15.43% Oct 11, 2024 - Oct 18, 2024
#6	-2.26% Feb 16, 2021 - May 5, 2021	-13.61% Sep 27, 2024 - Oct 7, 2024
#7	-1.94% Aug 31, 2020 - Dec 2, 2020	-9.40% Aug 21, 2024 - Aug 23, 2024
#8	-1.50% May 16, 2019 - May 30, 2019	-7.75% Oct 8, 2024 - Oct 11, 2024
#9	-1.37% May 8, 2020 - Jun 4, 2020	-4.50% Oct 22, 2024 - Oct 24, 2024
#10	-1.22% Jun 5, 2020 - Aug 5, 2020	-2.11% Aug 19, 2024 - Aug 21, 2024
#11	-0.51% Aug 17, 2020 - Aug 25, 2020	-1.07% Oct 24, 2024 - Oct 28, 2024
#12	-0.47% Jan 21, 2021 - Feb 3, 2021	-0.42% Nov 7, 2024 - Nov 11, 2024
#13	-0.39% Dec 21, 2020 - Jan 4, 2021	N/A
#14	-0.39% Jan 7, 2021 - Jan 14, 2021	N/A
#15	-0.31% Feb 8, 2021 - Feb 12, 2021	N/A

Correlation

Correlation between IVOL and MSTX is -0.35 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.35

-101