MSTI vs QLDY
Comparison between MADISON SHORT-TERM STRATEGIC INCOME ETF (MSTI, ETF) and DEFIANCE NASDAQ 100 LIGHTNINGSPREAD(TM) INCOME ETF (QLDY, ETF).
MSTI vs QLDY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MSTI
$49M
Winner
QLDY
$49M
Expense Ratio
Winner
MSTI
0.36%
QLDY
1.04%
Max Drawdown
Winner
MSTI
3.53%
QLDY
27.93%
Sharpe Ratio
MSTI
-0.35
Winner
QLDY
0.37
5Y Beta
Winner
MSTI
0.05
QLDY
1.56
MSTI vs QLDY - Historical Returns
Returns include dividend reinvestment.
1M
MSTI
+0.70%
Winner
QLDY
+1.81%
3M
Winner
MSTI
+0.66%
QLDY
-7.58%
6M
MSTI
+0.39%
Winner
QLDY
+10.14%
1Y
MSTI
+3.01%
Winner
QLDY
+9.26%
Max(CAGR)
MSTI
+5.58%
Winner
QLDY
+9.95%
MSTI vs QLDY - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | MSTI | QLDY |
|---|---|---|
| 2026 | +1.15% | +8.35% |
| 2025 | +6.12% | +1.48% |
| 2024 | +5.14% | N/A |
| 2023 | +4.14% | N/A |
MSTI vs QLDY Drawdown Comparison
The maximum drawdown for MSTI was -1.48%, occurring on Oct 19, 2023. Recovery took 37 trading sessions.
The maximum drawdown for QLDY was -17.44%, occurring on Mar 30, 2026. Recovery took 121 trading sessions.
The current QLDY drawdown is -9.64%.
| Rank | MSTI | QLDY |
|---|---|---|
| #1 | -1.48% Sep 13, 2023 - Nov 3, 2023 | -17.44% Oct 29, 2025 - Apr 24, 2026 |
| #2 | -1.32% Feb 20, 2026 - May 1, 2026 | -14.74% Jun 2, 2026 - Jul 29, 2026 |
| #3 | -1.22% Oct 2, 2024 - Jan 24, 2025 | -3.79% Oct 9, 2025 - Oct 24, 2025 |
| #4 | -1.07% Apr 3, 2025 - Apr 25, 2025 | -3.39% May 14, 2026 - May 26, 2026 |
| #5 | -1.07% Mar 27, 2024 - May 3, 2024 | -1.91% Sep 22, 2025 - Oct 1, 2025 |
| #6 | -0.97% Feb 1, 2024 - Mar 8, 2024 | -1.04% Apr 27, 2026 - Apr 30, 2026 |
| #7 | -0.81% May 1, 2026 - Jun 26, 2026 | -0.85% May 11, 2026 - May 13, 2026 |
| #8 | -0.71% Jun 29, 2026 - Aug 5, 2026 | -0.55% Oct 2, 2025 - Oct 8, 2025 |
| #9 | -0.67% Sep 23, 2025 - Oct 21, 2025 | -0.25% May 1, 2026 - May 5, 2026 |
| #10 | -0.65% Apr 30, 2025 - May 19, 2025 | -0.02% May 6, 2026 - May 8, 2026 |
| #11 | -0.62% Dec 27, 2023 - Jan 11, 2024 | N/A |
| #12 | -0.56% Jan 12, 2024 - Feb 1, 2024 | N/A |
| #13 | -0.49% Mar 11, 2024 - Mar 27, 2024 | N/A |
| #14 | -0.49% May 19, 2025 - May 29, 2025 | N/A |
| #15 | -0.46% Feb 4, 2025 - Feb 21, 2025 | N/A |
Correlation
Correlation between MSTI and QLDY is 0.36 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
0.36
-101
Dividend Comparison (2023 - 2026)
MSTI vs QLDY dividend yield comparison.
| Year | MSTI | QLDY |
|---|---|---|
| 2026 | 2.64% | 23.18% |
| 2025 | 5.40% | 9.34% |
| 2024 | 5.48% | 0.00% |
| 2023 | 1.55% | 0.00% |
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