AIOO vs. MSTZ

Last updated Jul 14, 2026

AIOO (AllianzIM U.S. Equity Buffer100 Protection ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - AIOO is a Defined Outcome fund actively managed by Allianz, while MSTZ is a Inverse Equities fund actively managed by REX. Both are actively managed. Over the past year, AIOO returned 5.09% vs 282.56% for MSTZ. At a correlation of -0.41, they often move in opposite directions. AIOO charges 0.64%/yr vs 1.05%/yr for MSTZ.

Performance

AIOO vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO) and T-REX 2X Inverse MSTR Daily Target ETF (MSTZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIOO achieves a 2.42% return, which is significantly higher than MSTZ's -23.27% return.

AIOO

• 1D: -0.06%
• 1M: 0.32%
• 6M: 2.23%
• YTD: 2.42%
• 1Y: 5.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSTZ

• 1D: 5.07%
• 1M: 46.38%
• 6M: -9.68%
• YTD: -23.27%
• 1Y: 282.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIOO vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025
AIOO AllianzIM U.S. Equity Buffer100 Protection ETF	2.42%	2.65%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-23.27%	310.29%

Correlation

The correlation between AIOO and MSTZ is -0.42, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.42
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025	-0.41

Return for Risk

AIOO vs. MSTZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIOO

AIOO Risk / Return Rank: 93
AIOO Sharpe Ratio Rank: 91
AIOO Sortino Ratio Rank: 94
AIOO Omega Ratio Rank: 91
AIOO Calmar Ratio Rank: 96
AIOO Martin Ratio Rank: 94

MSTZ

MSTZ Risk / Return Rank: 68
MSTZ Sharpe Ratio Rank: 76
MSTZ Sortino Ratio Rank: 67
MSTZ Omega Ratio Rank: 68
MSTZ Calmar Ratio Rank: 80
MSTZ Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIOO vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO) and T-REX 2X Inverse MSTR Daily Target ETF (MSTZ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AIOO	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	2.48	1.92	+0.56
Sortino ratio: Return per unit of downside risk	3.84	2.45	+1.39
Omega ratio: Gain probability vs. loss probability	1.48	1.32	+0.16
Calmar ratio: Return relative to maximum drawdown	6.90	3.35	+3.54
Martin ratio: Return relative to average drawdown	19.91	6.53	+13.38

AIOO vs. MSTZ - Sharpe Ratio Comparison

The current AIOO Sharpe Ratio is 2.48, which is comparable to the MSTZ Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of AIOO and MSTZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AIOO vs. MSTZ - Drawdown Comparison

The maximum AIOO drawdown since its inception was -0.74%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for AIOO and MSTZ.

Drawdown Indicators

	AIOO	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-0.74%	-99.38%	+98.64%
Max Drawdown (1Y) Largest decline over 1 year	-0.74%	-84.89%	+84.15%
Current Drawdown Current decline from peak	-0.06%	-97.39%	+97.33%
Average Drawdown Average peak-to-trough decline	-0.18%	-94.53%	+94.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.26%	43.51%	-43.25%

Volatility

AIOO vs. MSTZ - Volatility Comparison

The current volatility for AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO) is 0.70%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 56.56%. This indicates that AIOO experiences smaller price fluctuations and is considered to be less risky than MSTZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIOO	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.70%	56.56%	-55.86%
Volatility (6M) Calculated over the trailing 6-month period	1.42%	135.11%	-133.69%
Volatility (1Y) Calculated over the trailing 1-year period	2.06%	148.53%	-146.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.05%	171.02%	-168.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.05%	171.02%	-168.97%

AIOO vs. MSTZ - Expense Ratio Comparison

AIOO has a 0.64% expense ratio, which is lower than MSTZ's 1.05% expense ratio.

Dividends

AIOO vs. MSTZ - Dividend Comparison

Neither AIOO nor MSTZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AIOO and MSTZ in my portfolio?

AIOO and MSTZ have a correlation of -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIOO or MSTZ?

MSTZ has higher volatility (56.56%) compared to AIOO (0.70%). In terms of maximum drawdown, AIOO dropped -0.74% vs MSTZ's -99.38%.

Which ETF is better, AIOO or MSTZ?

On 1-year performance, MSTZ leads with 282.56% vs 5.09% for AIOO. On fees, AIOO is cheaper at 0.64% per year. On volatility, AIOO has been the lower-risk option at 0.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AIOO or MSTZ?

Over the 1-year period, MSTZ has performed better with a 282.56% return vs 5.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AIOO or MSTZ?

AIOO is cheaper with a 0.64% expense ratio, compared with 1.05% for MSTZ.

Which ETF pays a higher dividend yield, AIOO or MSTZ?

AIOO and MSTZ have nearly identical dividend yields, around 0.00%.

What is the main difference between AIOO and MSTZ?

AIOO is categorized as Defined Outcome, while MSTZ is Inverse Equities. They also come from different issuers: Allianz and REX. Their fees differ too: 0.64% for AIOO and 1.05% for MSTZ.

Which has better risk-adjusted returns?

AIOO currently has the higher Sharpe Ratio (2.48 vs 1.92), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.