ARMG vs. MSTZ

Last updated Jul 14, 2026

ARMG (Leverage Shares 2X Long ARM Daily ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - ARMG is a Leveraged Equities fund actively managed by Leverage Shares, while MSTZ is a Inverse Equities fund actively managed by REX. Both are actively managed. Over the past year, ARMG returned 123.28% vs 282.56% for MSTZ. At a correlation of -0.31, they often move in opposite directions. ARMG charges 0.75%/yr vs 1.05%/yr for MSTZ.

Performance

ARMG vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long ARM Daily ETF (ARMG) 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, ARMG achieves a 374.91% return, which is significantly higher than MSTZ's -23.27% return.

ARMG

• 1D: -15.27%
• 1M: -43.03%
• 6M: 363.53%
• YTD: 374.91%
• 1Y: 123.28%
• 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)

ARMG vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025
ARMG Leverage Shares 2X Long ARM Daily ETF	374.91%	-62.65%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-23.27%	-9.45%

Correlation

The correlation between ARMG and MSTZ is -0.33, 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	-0.33
Correlation (All Time) Calculated using the full available price history since Jan 14, 2025	-0.31

Return for Risk

ARMG vs. MSTZ — Risk / Return Rank

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

ARMG

ARMG Risk / Return Rank: 41
ARMG Sharpe Ratio Rank: 29
ARMG Sortino Ratio Rank: 54
ARMG Omega Ratio Rank: 51
ARMG Calmar Ratio Rank: 45
ARMG Martin Ratio Rank: 28

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.

ARMG vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long ARM Daily ETF (ARMG) 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.

	ARMG	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	0.86	1.92	-1.06
Sortino ratio: Return per unit of downside risk	2.09	2.45	-0.36
Omega ratio: Gain probability vs. loss probability	1.26	1.32	-0.06
Calmar ratio: Return relative to maximum drawdown	1.82	3.35	-1.53
Martin ratio: Return relative to average drawdown	3.11	6.53	-3.42

ARMG vs. MSTZ - Sharpe Ratio Comparison

The current ARMG Sharpe Ratio is 0.86, which is lower than the MSTZ Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of ARMG 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

ARMG vs. MSTZ - Drawdown Comparison

The maximum ARMG drawdown since its inception was -80.28%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for ARMG and MSTZ.

Drawdown Indicators

	ARMG	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-80.28%	-99.38%	+19.10%
Max Drawdown (1Y) Largest decline over 1 year	-68.13%	-84.89%	+16.76%
Current Drawdown Current decline from peak	-56.68%	-97.39%	+40.71%
Average Drawdown Average peak-to-trough decline	-51.58%	-94.53%	+42.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.80%	43.51%	-3.71%

Volatility

ARMG vs. MSTZ - Volatility Comparison

Leverage Shares 2X Long ARM Daily ETF (ARMG) has a higher volatility of 59.73% compared to T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) at 56.56%. This indicates that ARMG's price experiences larger fluctuations and is considered to be riskier than MSTZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARMG	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	59.73%	56.56%	+3.17%
Volatility (6M) Calculated over the trailing 6-month period	122.78%	135.11%	-12.33%
Volatility (1Y) Calculated over the trailing 1-year period	144.88%	148.53%	-3.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	144.35%	171.02%	-26.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	144.35%	171.02%	-26.67%

ARMG vs. MSTZ - Expense Ratio Comparison

ARMG has a 0.75% expense ratio, which is lower than MSTZ's 1.05% expense ratio.

Dividends

ARMG vs. MSTZ - Dividend Comparison

ARMG's dividend yield for the trailing twelve months is around 1.02%, while MSTZ has not paid dividends to shareholders.

Position	TTM	2025
ARMG Leverage Shares 2X Long ARM Daily ETF	1.02%	4.86%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both ARMG and MSTZ in my portfolio?

ARMG and MSTZ have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARMG or MSTZ?

ARMG has higher volatility (59.73%) compared to MSTZ (56.56%). In terms of maximum drawdown, ARMG dropped -80.28% vs MSTZ's -99.38%.

Which ETF is better, ARMG or MSTZ?

On 1-year performance, MSTZ leads with 282.56% vs 123.28% for ARMG. On fees, ARMG is cheaper at 0.75% per year. On volatility, MSTZ has been the lower-risk option at 56.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ARMG or MSTZ?

Over the 1-year period, MSTZ has performed better with a 282.56% return vs 123.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ARMG or MSTZ?

ARMG is cheaper with a 0.75% expense ratio, compared with 1.05% for MSTZ.

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

ARMG has the higher dividend yield at 1.02%, compared with 0.00% for MSTZ.

What is the main difference between ARMG and MSTZ?

ARMG is categorized as Leveraged Equities, while MSTZ is Inverse Equities. They also come from different issuers: Leverage Shares and REX. Their fees differ too: 0.75% for ARMG and 1.05% for MSTZ.

Which has better risk-adjusted returns?

MSTZ currently has the higher Sharpe Ratio (1.92 vs 0.86), 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.