A side-by-side comparison of Defiance Leveraged Long + Income MSTR ETF (MST) and QQQY (QQQY) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | MST | QQQY |
|---|---|---|
| YTD Return | +40.35%✓ | -16.47% |
| 1-Day Change | +0.39%✓ | -26.90% |
| 1-Week Change | +11.97%✓ | -26.01% |
| 1-Month Change | +20.89%✓ | -26.17% |
| Current Price | $16.74 | $22.95 |
| AUM | $31M | — |
| MER (Expense Ratio) | 131% | — |
| Dividend Yield | 298.79% | — |
| Distribution Frequency | Weekly | — |
| Inception Date | 2025-05-01 | — |
| Holdings Count | 1 | — |
| MorningStar Rating | — | — |
| Category | Trading--Miscellaneous | — |
| Beta | 0.00 | — |
| 52-Week High | $120.70 | — |
| 52-Week Low | $5.77 | — |
| 50-Day MA | $11.66 | — |
| 200-Day MA | $22.72 | — |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | MST | QQQY |
|---|---|---|
| YTD | +40.35%✓ | -16.47% |
| 1 Year | -88.41% | — |
| 3 Year | — | — |
| 5 Year | — | — |
| 10 Year | — | — |
| 1Y Volatility | 142.22% | — |
| Sharpe Ratio (3Y) | — | — |
Past performance is not a guarantee of future results.
Sector Weights
| Sector | MST | QQQY |
|---|---|---|
| Basic Materials | 0.00% | — |
| Communication Services | 0.00% | — |
| Consumer Cyclicals | 0.00% | — |
| Consumer Defensive | 0.00% | — |
| Energy | 0.00% | — |
| Financial Services | 0.00% | — |
| Healthcare | 0.00% | — |
| Industrials | 0.00% | — |
| Real Estate | 0.00% | — |
| Technology | 0.00% | — |
| Utilities | 0.00% | — |
About MST
The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by entering into derivatives transactions (i.e., swap agreements and options contracts) to gain long exposure to MicroStrategy Incorporated ("MSTR," or the "Underlying Security"). The fund is non-diversified.
About QQQY
QQQY (QQQY.TO) is a Canadian-listed ETF traded on the TO. More detailed information will be available soon.
Which ETF is Right for You?
Both MST and QQQY are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, MST scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between MST and QQQY?
MST (Defiance Leveraged Long + Income MSTR ETF) and QQQY (QQQY) are both Canadian-listed ETFs. Key differences include their AUM ($31M vs —), dividend yield (298.79% vs N/A), and year-to-date performance (+40.35% vs -16.47%).
Is MST better than QQQY?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, MST has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy MST and QQQY on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both MST and QQQY should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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