TOK vs MDST

Comparison between ISHARES MSCI KOKUSAI ETF (TOK, ETF) and Westwood Salient Enhanced Midstream Income ETF (MDST, ETF).

TOK vs MDST - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TOK(ETF)	MDST(ETF)
Net Assets	$252M	$252M
Expense Ratio	0.25%	0.80%
Max Drawdown	56.60%	16.16%
Sharpe Ratio	1.45	1.16
5Y Beta	0.85	0.45
P/E Ratio	27.72	23.94
Forward P/E	21.45	16.62
5Y Dividends CAGR	7.63%	N/A
5Y EPS CAGR	25.59%	15.49%
Debt to Equity	35.07%	N/A
P/S Ratio	3.69	1.12
P/B Ratio	5.45	3.41

Net Assets

Winner

TOK

$252M

MDST

$252M

Expense Ratio

Winner

TOK

0.25%

MDST

0.80%

Max Drawdown

TOK

56.60%

Winner

MDST

16.16%

Sharpe Ratio

Winner

TOK

1.45

MDST

1.16

5Y Beta

TOK

0.85

Winner

MDST

0.45

P/E Ratio

TOK

27.72

Winner

MDST

23.94

Forward P/E

TOK

21.45

Winner

MDST

16.62

5Y Dividends CAGR

TOK

7.63%

MDST

N/A

5Y EPS CAGR

Winner

TOK

25.59%

MDST

15.49%

Debt to Equity

TOK

35.07%

MDST

N/A

P/S Ratio

TOK

3.69

Winner

MDST

1.12

P/B Ratio

TOK

5.45

Winner

MDST

3.41

TOK vs MDST - Holdings Comparison

TOK and MDST have 6 common holdings. Overlap is 0.21%

TOK's top 25 holdings weight is 39.52%. MDST's top 25 holdings weight is 100.91%.

Rank	TOK	MDST
#1	NVIDIA CORP (NVDA) - 6.43%	ENBRIDGE INC (n/a) - 9.05%
#2	APPLE INC (AAPL) - 5.27%	ENERGY TRANSFER LP (ET) - 8.88%
#3	MICROSOFT CORP (MSFT) - 3.54%	WILLIAMS COMPANIES INC (WMB) - 8.39%
#4	AMAZON.COM INC (AMZN) - 2.99%	ENTERPRISE PRODUCTS PARTNERS LP (EPD) - 6.80%
#5	ALPHABET INC CLASS A (GOOGL) - 2.70%	DT MIDSTREAM INC ORDINARY SHARES (DTM) - 6.33%
#6	ALPHABET INC CLASS C (GOOG) - 2.25%	KINDER MORGAN INC CLASS P (KMI) - 5.56%
#7	BROADCOM INC (AVGO) - 2.22%	TC ENERGY CORP (n/a) - 4.89%
#8	META PLATFORMS INC CLASS A (META) - 1.57%	PEMBINA PIPELINE CORP (n/a) - 4.85%
#9	TESLA INC (TSLA) - 1.37%	SOUTH BOW CORP (n/a) - 4.61%
#10	ELI LILLY AND CO (LLY) - 0.98%	ONEOK INC (OKE) - 4.55%
#11	JPMORGAN CHASE & CO (JPM) - 0.97%	TARGA RESOURCES CORP (TRGP) - 4.54%
#12	MICRON TECHNOLOGY INC (MU) - 0.94%	PLAINS GP HOLDINGS LP CLASS A (PAGP) - 4.54%
#13	EXXON MOBIL CORP (XOM) - 0.82%	MPLX LP PARTNERSHIP UNITS (MPLX) - 4.47%
#14	ADVANCED MICRO DEVICES INC (AMD) - 0.81%	ANTERO MIDSTREAM CORP (AM) - 4.42%
#15	BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 0.79%	CHENIERE ENERGY INC (LNG) - 4.30%
#16	WALMART INC (WMT) - 0.70%	HESS MIDSTREAM LP CLASS A (HESM) - 4.07%
#17	VISA INC CLASS A (V) - 0.67%	KINETIK HOLDINGS INC (KNTK) - 2.95%
#18	ASML HOLDING NV (n/a) - 0.67%	WESTERN MIDSTREAM PARTNERS LP (WES) - 2.45%
#19	JOHNSON & JOHNSON (JNJ) - 0.66%	US DOLLARS (n/a) - 1.88%
#20	INTEL CORP (INTC) - 0.60%	n/a (VG) - 1.51%
#21	COSTCO WHOLESALE CORP (COST) - 0.58%	NEXTDECADE CORP (NEXT) - 0.91%
#22	CISCO SYSTEMS INC (CSCO) - 0.55%	DELEK LOGISTICS PARTNERS LP (DKL) - 0.45%
#23	MASTERCARD INC CLASS A (MA) - 0.51%	SELECT WATER SOLUTIONS INC CLASS A (WTTR) - 0.38%
#24	CATERPILLAR INC (CAT) - 0.48%	GENESIS ENERGY LP (GEL) - 0.13%
#25	ABBVIE INC (ABBV) - 0.45%	KMI US 06/18/26 C35 (n/a) - 0.00%
Total Holdings	1157	119

TOK vs MDST - Historical Returns

Returns include dividend reinvestment.

Period	TOK	MDST
1 month	+2.50%	-2.47%
3 months	+11.54%	+2.54%
6 months	+10.82%	+15.35%
1 year	+24.70%	+17.98%
5 years(CAGR)	+12.05%	N/A
10 years(CAGR)	+13.73%	N/A
Max(CAGR)	+8.65%	+18.15%

Winner

TOK

+2.50%

MDST

-2.47%

Winner

TOK

+11.54%

MDST

+2.54%

TOK

+10.82%

Winner

MDST

+15.35%

Winner

TOK

+24.70%

MDST

+17.98%

5Y(CAGR)

TOK

+12.05%

MDST

N/A

10Y(CAGR)

TOK

+13.73%

MDST

N/A

Max(CAGR)

TOK

+8.65%

Winner

MDST

+18.15%

TOK vs MDST - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	TOK	MDST
2026	+9.71%	+13.51%
2025	+21.16%	+5.61%
2024	+20.56%	+17.22%
2023	+24.92%	N/A
2022	-18.26%	N/A
2021	+24.38%	N/A
2020	+14.20%	N/A
2019	+28.56%	N/A
2018	-8.46%	N/A
2017	+20.31%	N/A
2016	+10.27%	N/A
2015	-1.40%	N/A
2014	+6.83%	N/A
2013	+25.47%	N/A
2012	+14.84%	N/A
2011	-3.82%	N/A
2010	+9.79%	N/A
2009	+31.99%	N/A
2008	-39.80%	N/A
2007	-1.23%	N/A

TOK vs MDST Drawdown Comparison

The maximum drawdown for TOK was -56.18%, occurring on Mar 6, 2009. Recovery took 1287 trading sessions.

The maximum drawdown for MDST was -14.19%, occurring on Apr 8, 2025. Recovery took 82 trading sessions.

The current TOK drawdown is -0.60%. The current MDST drawdown is -3.79%.

Rank	TOK	MDST
#1	-56.18% Dec 12, 2007 - Jan 24, 2013	-14.19% Apr 2, 2025 - Jul 31, 2025
#2	-34.82% Feb 12, 2020 - Aug 24, 2020	-7.50% Jan 21, 2025 - Apr 2, 2025
#3	-25.82% Jan 4, 2022 - Dec 13, 2023	-7.20% Nov 29, 2024 - Jan 14, 2025
#4	-18.41% Sep 20, 2018 - Apr 26, 2019	-6.75% Jul 31, 2025 - Dec 4, 2025
#5	-17.59% May 21, 2015 - Dec 7, 2016	-4.99% May 19, 2026 - May 29, 2026
#6	-16.23% Feb 18, 2025 - Jun 4, 2025	-4.30% Mar 27, 2026 - Apr 30, 2026
#7	-11.25% Jul 3, 2014 - Feb 24, 2015	-4.21% Jul 22, 2024 - Aug 19, 2024
#8	-9.43% Jan 26, 2018 - Sep 20, 2018	-3.67% Apr 9, 2024 - Apr 25, 2024
#9	-9.07% Feb 25, 2026 - Apr 15, 2026	-3.16% May 4, 2026 - May 13, 2026
#10	-8.77% Sep 2, 2020 - Nov 11, 2020	-3.11% Dec 4, 2025 - Jan 2, 2026
#11	-7.64% Jul 16, 2024 - Aug 23, 2024	-3.01% May 20, 2024 - Jun 24, 2024
#12	-7.10% May 21, 2013 - Jul 18, 2013	-2.73% Jan 2, 2026 - Jan 16, 2026
#13	-5.82% May 3, 2019 - Jun 20, 2019	-2.67% Sep 23, 2024 - Oct 3, 2024
#14	-5.50% Dec 31, 2013 - Feb 18, 2014	-2.35% Aug 30, 2024 - Sep 16, 2024
#15	-5.47% Jul 26, 2019 - Oct 21, 2019	-2.30% Apr 25, 2024 - May 7, 2024

Correlation

Correlation between TOK and MDST is 0.90 which considered as a very strong positive correlation - the stocks move almost identically together.

0.90

-101

Dividend Comparison (2007 - 2026)

TOK vs MDST dividend yield comparison.

Year	TOK	MDST
2026	0.67%	4.68%
2025	1.37%	10.22%
2024	1.66%	6.60%
2023	1.95%	0.00%
2022	3.55%	0.00%
2021	1.66%	0.00%
2020	1.52%	0.00%
2019	2.12%	0.00%
2018	2.74%	0.00%
2017	2.60%	0.00%
2016	2.56%	0.00%
2015	3.02%	0.00%
2014	2.64%	0.00%
2013	2.38%	0.00%
2012	2.55%	0.00%
2011	2.53%	0.00%
2010	2.06%	0.00%
2009	2.47%	0.00%
2008	1.08%	0.00%
2007	0.07%	0.00%