MBND vs MST

Comparison between STATE STREET(R) NUVEEN MUNICIPAL BOND ETF (MBND, ETF) and DEFIANCE LEVERAGED LONG + INCOME MSTR ETF (MST, ETF).

MBND vs MST - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MBND(ETF)	MST(ETF)
Net Assets	$27M	$27M
Expense Ratio	0.40%	N/A
Max Drawdown	15.51%	97.95%
Sharpe Ratio	0.41	-1.51
5Y Beta	0.01	4.70
5Y Dividends CAGR	60.54%	N/A

Net Assets

Winner

MBND

$27M

MST

$27M

Expense Ratio

MBND

0.40%

MST

N/A

Max Drawdown

Winner

MBND

15.51%

MST

97.95%

Sharpe Ratio

Winner

MBND

0.41

MST

-1.51

5Y Beta

Winner

MBND

0.01

MST

4.70

5Y Dividends CAGR

MBND

60.54%

MST

N/A

MBND vs MST - Historical Returns

Returns include dividend reinvestment.

Period	MBND	MST
1 month	+0.34%	-54.80%
3 months	+0.38%	-31.83%
6 months	+1.17%	-62.37%
1 year	+4.55%	-93.18%
5 years(CAGR)	+0.49%	N/A
Max(CAGR)	+0.66%	-91.94%

Winner

MBND

+0.34%

MST

-54.80%

Winner

MBND

+0.38%

MST

-31.83%

Winner

MBND

+1.17%

MST

-62.37%

Winner

MBND

+4.55%

MST

-93.18%

5Y(CAGR)

MBND

+0.49%

MST

N/A

Max(CAGR)

Winner

MBND

+0.66%

MST

-91.94%

MBND vs MST - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	MBND	MST
2026	+0.86%	-53.68%
2025	+2.79%	-87.64%
2024	+2.86%	N/A
2023	+5.48%	N/A
2022	-8.57%	N/A
2021	+0.59%	N/A

MBND vs MST Drawdown Comparison

The maximum drawdown for MBND was -13.18%, occurring on Oct 25, 2022. Recovery took 1033 trading sessions.

The maximum drawdown for MST was -95.30%, occurring on Jun 10, 2026. This drawdown has not yet recovered.

The current MBND drawdown is -0.84%. The current MST drawdown is -94.70%.

Rank	MBND	MST
#1	-13.18% Aug 3, 2021 - Sep 15, 2025	-95.30% Jul 16, 2025 - Jun 10, 2026
#2	-2.44% Feb 27, 2026 - Mar 27, 2026	-24.82% May 13, 2025 - Jul 14, 2025
#3	-2.07% Feb 11, 2021 - Jun 4, 2021	-4.88% May 9, 2025 - May 13, 2025
#4	-0.80% Sep 17, 2025 - Oct 15, 2025	-4.07% May 2, 2025 - May 8, 2025
#5	-0.57% Nov 12, 2025 - Jan 5, 2026	-3.45% Jul 14, 2025 - Jul 16, 2025
#6	-0.53% Jun 14, 2021 - Jul 8, 2021	N/A
#7	-0.33% Oct 27, 2025 - Nov 12, 2025	N/A
#8	-0.24% Jan 16, 2026 - Jan 30, 2026	N/A
#9	-0.13% Jul 8, 2021 - Jul 15, 2021	N/A
#10	-0.10% Jul 20, 2021 - Jul 28, 2021	N/A
#11	-0.10% Feb 19, 2026 - Feb 24, 2026	N/A
#12	-0.09% Feb 12, 2026 - Feb 17, 2026	N/A
#13	-0.08% Jul 28, 2021 - Aug 3, 2021	N/A
#14	-0.03% Feb 10, 2026 - Feb 12, 2026	N/A
#15	-0.03% Jan 30, 2026 - Feb 4, 2026	N/A

Correlation

Correlation between MBND and MST is -0.93 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-0.93

-101