BDCZ vs. MSTZ
BDCZ (ETRACS MVIS Business Development Companies Index ETN) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - BDCZ is a Financials Equities fund tracking the BDCZ-US - MVIS US Business Development Companies Index, while MSTZ is a Inverse Equities fund actively managed by REX. BDCZ is passively managed, while MSTZ is actively managed. Over the past year, BDCZ returned -10.62% vs 159.07% for MSTZ. Their -0.28 correlation means they have often moved in opposite directions in the past. BDCZ charges 0.85%/yr vs 1.05%/yr for MSTZ.
Performance
BDCZ vs. MSTZ - Performance Comparison
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Returns By Period
In the year-to-date period, BDCZ achieves a -6.58% return, which is significantly higher than MSTZ's -30.44% return.
BDCZ
- 1D
- -0.16%
- 1M
- -1.29%
- 6M
- -6.46%
- YTD
- -6.58%
- 1Y
- -10.62%
- 3Y*
- 2.54%
- 5Y*
- 3.98%
- 10Y*
- 6.30%
- ALL TIME*
- 5.90%
MSTZ
- 1D
- 8.95%
- 1M
- 7.38%
- 6M
- -24.16%
- YTD
- -30.44%
- 1Y
- 159.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -86.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $30.15K | $28.17K | $19.88K | |
| $101.73M | $133.33M | $177.41M |
BDCZ vs. MSTZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BDCZ ETRACS MVIS Business Development Companies Index ETN | -6.58% | -3.72% | 5.40% |
MSTZ T-REX 2X Inverse MSTR Daily Target ETF | -30.44% | -38.95% | -94.43% |
Correlation
The correlation between BDCZ and MSTZ is -0.26, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.26 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024 | -0.28 |
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Return for Risk
BDCZ vs. MSTZ — Risk / Return Rank
BDCZ
MSTZ
BDCZ vs. MSTZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS MVIS Business Development Companies Index ETN (BDCZ) 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.
| BDCZ | MSTZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.83 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.28 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 2.44 | -3.14 |
| Martin ratioReturn relative to average drawdown | -1.24 | 4.53 | -5.78 |
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Drawdowns
BDCZ vs. MSTZ - Drawdown Comparison
The maximum BDCZ drawdown since its inception was -55.63%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for BDCZ and MSTZ.
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Drawdown Indicators
| BDCZ | MSTZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.63% | -99.38% | +43.75% |
Max Drawdown (1Y)Largest decline over 1 year | -16.80% | -84.89% | +68.09% |
Max Drawdown (3Y)Largest decline over 3 years | -20.77% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -55.63% | — | — |
Current DrawdownCurrent decline from peak | -16.01% | -97.63% | +81.62% |
Average DrawdownAverage peak-to-trough decline | -7.98% | -94.63% | +86.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.36% | 45.62% | -36.26% |
Volatility
BDCZ vs. MSTZ - Volatility Comparison
The current volatility for ETRACS MVIS Business Development Companies Index ETN (BDCZ) is 5.90%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 37.86%. This indicates that BDCZ 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.
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Volatility by Period
| BDCZ | MSTZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.90% | 37.86% | -31.96% |
Volatility (6M)Calculated over the trailing 6-month period | 18.49% | 134.52% | -116.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.56% | 150.23% | -127.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.27% | 169.87% | -151.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.96% | 169.87% | -147.91% |
BDCZ vs. MSTZ - Expense Ratio Comparison
BDCZ has a 0.85% expense ratio, which is lower than MSTZ's 1.05% expense ratio.
Dividends
BDCZ vs. MSTZ - Dividend Comparison
BDCZ's dividend yield for the trailing twelve months is around 12.12%, while MSTZ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BDCZ ETRACS MVIS Business Development Companies Index ETN | 12.12% | 10.65% | 9.26% | 9.13% | 9.39% | 7.49% | 10.01% | 8.40% | 9.66% | 8.74% | 7.98% |
MSTZ T-REX 2X Inverse MSTR Daily Target ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BDCZ and MSTZ have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTZ has higher volatility (37.86%) compared to BDCZ (5.90%). In terms of maximum drawdown, BDCZ dropped -55.63% vs MSTZ's -99.38%.
On 1-year performance, MSTZ leads with 159.07% vs -10.62% for BDCZ. On fees, BDCZ is cheaper at 0.85% per year. On volatility, BDCZ has been the lower-risk option at 5.90%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MSTZ has performed better with a 159.07% return vs -10.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BDCZ is cheaper with a 0.85% expense ratio, compared with 1.05% for MSTZ.
BDCZ has the higher dividend yield at 12.12%, compared with 0.00% for MSTZ.
BDCZ is categorized as Financials Equities, while MSTZ is Inverse Equities. They also come from different issuers: UBS and REX. Their fees differ too: 0.85% for BDCZ and 1.05% for MSTZ.
MSTZ currently has the higher Sharpe Ratio (1.38 vs -0.52), 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.
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