MSTX vs CDL

Comparison between Defiance Daily Target 2x Long MSTR ETF (MSTX, ETF) and VICTORYSHARES US LARGE CAP HIGH DIV VOLATILITY WTD ETF (CDL, ETF).

MSTX vs CDL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MSTX(ETF)	CDL(ETF)
Net Assets	$388M	$388M
Expense Ratio	N/A	0.35%
Max Drawdown	99.10%	41.37%
Sharpe Ratio	-1.57	1.63
5Y Beta	4.82	0.45
P/E Ratio	N/A	17.35
Forward P/E	N/A	13.65
PEG Ratio	N/A	0.44
5Y Dividends CAGR	N/A	10.08%
5Y EPS CAGR	N/A	5.91%
Debt to Equity	N/A	19.58%
P/S Ratio	N/A	1.60
P/B Ratio	N/A	2.22

Net Assets

MSTX

$388M

Winner

CDL

$388M

Expense Ratio

MSTX

N/A

CDL

0.35%

Max Drawdown

MSTX

99.10%

Winner

CDL

41.37%

Sharpe Ratio

MSTX

-1.57

Winner

CDL

1.63

5Y Beta

MSTX

4.82

Winner

CDL

0.45

P/E Ratio

MSTX

N/A

CDL

17.35

Forward P/E

MSTX

N/A

CDL

13.65

PEG Ratio

MSTX

N/A

CDL

0.44

5Y Dividends CAGR

MSTX

N/A

CDL

10.08%

5Y EPS CAGR

MSTX

N/A

CDL

5.91%

Debt to Equity

MSTX

N/A

CDL

19.58%

P/S Ratio

MSTX

N/A

CDL

1.60

P/B Ratio

MSTX

N/A

CDL

2.22

MSTX vs CDL - Holdings Comparison

MSTX and CDL have 0 common holdings. Overlap is 0.00%

MSTX's top 25 holdings weight is 6.35%. CDL's top 25 holdings weight is 34.37%.

Rank	MSTX	CDL
#1	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 3.86%	ALLIANT ENERGY CORP (LNT) - 1.66%
#2	STRATEGY INC CLASS A (MSTR) - 1.30%	DUKE ENERGY CORP (DUK) - 1.65%
#3	DREYFUS GOVERNMENT CASH MGMT INSTL (DGCXX) - 1.19%	WEC ENERGY GROUP INC (WEC) - 1.64%
#4	N/A	EVERGY INC (EVRG) - 1.63%
#5	N/A	DTE ENERGY CO (DTE) - 1.56%
#6	N/A	FIRSTENERGY CORP (FE) - 1.55%
#7	N/A	CMS ENERGY CORP (CMS) - 1.54%
#8	N/A	COCA-COLA CO (KO) - 1.54%
#9	N/A	SOUTHERN CO (SO) - 1.52%
#10	N/A	DOMINION ENERGY INC (D) - 1.41%
#11	N/A	CONSOLIDATED EDISON INC (ED) - 1.40%
#12	N/A	AMERICAN ELECTRIC POWER CO INC (AEP) - 1.34%
#13	N/A	PPL CORP (PPL) - 1.33%
#14	N/A	XCEL ENERGY INC (XEL) - 1.28%
#15	N/A	CHEVRON CORP (CVX) - 1.26%
#16	N/A	KINDER MORGAN INC CLASS P (KMI) - 1.24%
#17	N/A	PROCTER & GAMBLE CO (PG) - 1.24%
#18	N/A	EXELON CORP (EXC) - 1.22%
#19	N/A	AUTOMATIC DATA PROCESSING INC (ADP) - 1.22%
#20	N/A	CNA FINANCIAL CORP (CNA) - 1.21%
#21	N/A	ALTRIA GROUP INC (MO) - 1.20%
#22	N/A	PUBLIC SERVICE ENTERPRISE GROUP INC (PEG) - 1.20%
#23	N/A	PRINCIPAL FINANCIAL GROUP INC (PFG) - 1.18%
#24	N/A	FRANKLIN RESOURCES INC (BEN) - 1.18%
#25	N/A	METLIFE INC (MET) - 1.17%
Total Holdings	3	101

MSTX vs CDL - Historical Returns

Returns include dividend reinvestment.

Period	MSTX	CDL
1 month	-61.78%	+0.77%
3 months	-39.53%	+1.89%
6 months	-72.15%	+12.35%
1 year	-95.53%	+21.08%
5 years(CAGR)	N/A	+9.02%
10 years(CAGR)	N/A	+10.97%
Max(CAGR)	-70.93%	+11.02%

MSTX

-61.78%

Winner

CDL

+0.77%

MSTX

-39.53%

Winner

CDL

+1.89%

MSTX

-72.15%

Winner

CDL

+12.35%

MSTX

-95.53%

Winner

CDL

+21.08%

5Y(CAGR)

MSTX

N/A

CDL

+9.02%

10Y(CAGR)

MSTX

N/A

CDL

+10.97%

Max(CAGR)

MSTX

-70.93%

Winner

CDL

+11.02%

MSTX vs CDL - Annual Returns (2015 - 2026)

Returns include dividend reinvestment.

Year	MSTX	CDL
2026	-62.00%	+11.51%
2025	-89.80%	+9.00%
2024	+143.64%	+14.13%
2023	N/A	+2.66%
2022	N/A	-0.49%
2021	N/A	+35.24%
2020	N/A	-3.15%
2019	N/A	+26.55%
2018	N/A	-5.51%
2017	N/A	+15.39%
2016	N/A	+21.72%
2015	N/A	+0.35%

MSTX vs CDL Drawdown Comparison

The maximum drawdown for MSTX was -98.72%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The maximum drawdown for CDL was -41.02%, occurring on Mar 23, 2020. Recovery took 250 trading sessions.

The current MSTX drawdown is -98.72%. The current CDL drawdown is -0.65%.

Rank	MSTX	CDL
#1	-98.72% Nov 20, 2024 - Jun 5, 2026	-41.02% Jan 17, 2020 - Jan 14, 2021
#2	-38.90% Aug 23, 2024 - Sep 26, 2024	-17.28% Apr 20, 2022 - Mar 20, 2024
#3	-26.07% Oct 29, 2024 - Nov 7, 2024	-15.21% Sep 14, 2018 - Apr 1, 2019
#4	-16.43% Nov 12, 2024 - Nov 18, 2024	-12.87% Nov 29, 2024 - Aug 13, 2025
#5	-15.43% Oct 11, 2024 - Oct 18, 2024	-9.66% Nov 2, 2015 - Mar 4, 2016
#6	-13.61% Sep 27, 2024 - Oct 7, 2024	-9.13% Jan 26, 2018 - Aug 17, 2018
#7	-9.40% Aug 21, 2024 - Aug 23, 2024	-8.30% Aug 14, 2015 - Oct 12, 2015
#8	-7.75% Oct 8, 2024 - Oct 11, 2024	-6.55% Jul 26, 2019 - Sep 11, 2019
#9	-4.50% Oct 22, 2024 - Oct 24, 2024	-6.36% Apr 30, 2019 - Jun 20, 2019
#10	-2.11% Aug 19, 2024 - Aug 21, 2024	-5.66% Mar 2, 2026 - Apr 30, 2026
#11	-1.07% Oct 24, 2024 - Oct 28, 2024	-5.43% Jan 14, 2022 - Mar 25, 2022
#12	-0.42% Nov 7, 2024 - Nov 11, 2024	-5.26% Mar 28, 2024 - May 9, 2024
#13	N/A	-4.84% May 10, 2021 - Aug 11, 2021
#14	N/A	-4.79% Jan 14, 2021 - Feb 8, 2021
#15	N/A	-4.69% Nov 23, 2021 - Dec 15, 2021

Correlation

Correlation between MSTX and CDL is -0.70 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.70

-101

Dividend Comparison (2015 - 2026)

MSTX vs CDL dividend yield comparison.

Year	MSTX	CDL
2026	0.00%	1.00%
2025	0.00%	3.33%
2024	41.01%	3.27%
2023	0.00%	3.61%
2022	0.00%	3.31%
2021	0.00%	2.60%
2020	0.00%	3.32%
2019	0.00%	3.05%
2018	0.00%	3.32%
2017	0.00%	2.87%
2016	0.00%	2.97%
2015	0.00%	1.28%