BWTG vs MDST
Brendan Wood TopGun ETF vs Westwood Salient Enhanced Midstream Income ETF
Which is better, BWTG or MDST?
MDST has been ahead.
MDST has a lower expense ratio. MDST led over 1Y and the full window. BWTG is less concentrated, with 56.7% of the fund in its ten largest positions against 63.7%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BWTG | MDST |
|---|---|---|
| Expense Ratio | 0.95% | 0.80%Best |
| AUM | $21M | $305M |
| Dividend Yield | 0.33% | 10.69% |
| Holdings | 42 | 110 |
| YTD Return | +5.61% | +15.57%Best |
| 1Y Return | +10.02% | +21.87%Best |
| 3Y Return (annualized) | +19.00% | - |
| Volatility (annualized) | 11.4%Best | 11.9% |
| Max Drawdown | -13.2%Best | -14.2% |
| $10,000 over 2.5 years | $13,344 | $14,630Best |
| Top 10 Weight | 56.7%Best | 63.7% |
| Fund Family | Brendan Wood TopGun | Westwood Funds |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Mid Cap Blend |
| Inception | Nov 9, 2023 | Apr 8, 2024 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: Apr 9, 2024 to Oct 14, 2026 (2.5 years).
BWTG vs MDST growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.5 years both funds cover.
BWTG vs MDST Performance
Brendan Wood TopGun ETF (BWTG) is an ETF from Brendan Wood TopGun and Westwood Salient Enhanced Midstream Income ETF (MDST) is an ETF from Westwood Funds. Over the past year BWTG returned +10.02% while MDST returned +21.87%. Year to date, BWTG is up 5.61% versus a gain of 15.57% for MDST.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MDST has been the more volatile fund, with annualized monthly volatility of 11.9% compared with 11.4% for BWTG. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -13.2% for BWTG and -14.2% for MDST. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.40. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BWTG charges 0.95% per year while MDST charges 0.80%. On a $10,000 position that is $95 vs $80 annually, a gap of $15 per year that compounds over a long holding period. On income, BWTG currently yields 0.33% against 10.69% for MDST.
Holdings Overlap
10.4% of BWTG's money is in holdings MDST also owns. 13.5% of MDST's money is in holdings BWTG also owns.
MDST and BWTG share little of their money.
2 positions in common, counted across the 20 positions we hold weights for in BWTG and 25 in MDST, against full books of 42 and 110.
What only one of them owns
Our book lists 19 positions for MDST that do not appear in our book for BWTG (64.4% of the fund), and 13 for BWTG that do not appear in MDST (64.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of BWTG and MDST you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BWTG or MDST?
BWTG has an expense ratio of 0.95% while MDST charges 0.80%. MDST is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, BWTG or MDST?
Over the past year BWTG returned +10.02% vs +21.87% for MDST, so MDST leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BWTG or MDST?
MDST has been the more volatile fund at 11.9% annualized versus 11.4% for BWTG. Worst drawdown: BWTG -13.2% vs MDST -14.2%.
Should I hold both BWTG and MDST?
BWTG and MDST have a monthly-return correlation of 0.40, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between BWTG and MDST?
13.5% of MDST's money is in holdings BWTG also owns. 13.5% of MDST's is in holdings BWTG also owns. They hold 2 positions in common, counted across the 20 positions we hold weights for in BWTG and 25 in MDST.
Which pays a higher dividend, BWTG or MDST?
BWTG yields 0.33% while MDST yields 10.69%, so MDST currently pays the higher dividend yield.
Is MDST better than BWTG?
MDST has a lower expense ratio. MDST led over 1Y and the full window. BWTG is less concentrated, with 56.7% of the fund in its ten largest positions against 63.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.