Westwood Enhanced Midstream Income ETF (MDST) Performance
MDST total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +19.3% since Dec 31, 2025
- 1 year
- +23.8% total return
- Since first price
- +49.8% since 2024
MDST trailing returns vs SPY, QQQ, AGG
| Period | MDST total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +2.0% | +1.1% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.1% | −3.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +8.0% | +3.1% | +7.8% | +8.4% | −1.5% |
| YTD | +19.3% | +10.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +23.8% | +12.5% | +14.4% | +15.9% | −1.1% |
| Since inceptionApr 9, 2024 | +49.8% | +16.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MDST vs SPY
From Apr 9, 2024: MDST grew to $14,978, SPY to $15,066.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MDST returns by calendar year
1 of 1 full years positive. Best 2025 (+7.1%), worst 2025 (+7.1%). 2026 is year to date.
MDST annual returns table
| Year | MDST | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +19.3% | −7.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +7.1% | −14.2% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MDST largest drawdowns
Now 1.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Apr 2, 2025 | −14.2% | Apr 8, 2025 | Jul 31, 2025 | 6 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MDST risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +15.5% |
| Volatility (annualized) | 11.9% |
| Sharpe ratio | 0.92 |
| Sortino ratio | 1.43 |
| Best month | +9.5% |
| Worst month | −7.1% |
| Best 12 months | +25.3% |
| Worst 12 months | +2.9% |
| Positive months | 76% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MDST rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 19 | +2.9% | +16.2% | +25.3% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
MDST performance overview
Westwood Enhanced Midstream Income ETF (MDST) returned +23.8% over the past year, with distributions reinvested. Since its first recorded price on Apr 9, 2024 it has returned +49.8%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −14.2%, from Apr 2, 2025 to Apr 8, 2025, and it took 4 months to get back to the old high. Volatility has been 11.9% a year.
Related: MDST chart, MDST holdings, MDST dividends, MDST valuation. See the MDST overview for the latest quote and fund facts.
MDST performance FAQ
What is the MDST return over the past year?
MDST returned +23.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 12.5%.
How much would $10,000 invested in MDST be worth?
$10,000 invested in MDST at its first recorded close on April 9, 2024 would be worth about $14,978 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of MDST?
The largest peak-to-trough decline was −14.2% between April 2, 2025 and April 8, 2025. It recovered to the old high on July 31, 2025, 4 months after the bottom.
How volatile is MDST?
Over the past history MDST had an annualized volatility of 11.9% and a Sharpe ratio of 0.92 (excess return over 1–3 month T-bills per unit of risk).