BEDY vs. MSTZ

Last updated Jul 14, 2026

BEDY (BNY Mellon Enhanced Dividend Income ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - BEDY is a Large Cap Value Equities fund actively managed by BNY Mellon, while MSTZ is a Inverse Equities fund actively managed by REX. Both are actively managed. At a correlation of -0.28, they often move in opposite directions. BEDY charges 0.50%/yr vs 1.05%/yr for MSTZ.

Performance

BEDY vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Enhanced Dividend Income ETF (BEDY) 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, BEDY achieves a 14.52% return, which is significantly higher than MSTZ's -23.27% return.

BEDY

• 1D: 0.31%
• 1M: 1.48%
• 6M: 11.16%
• YTD: 14.52%
• 1Y: —
• 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)

BEDY vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025
BEDY BNY Mellon Enhanced Dividend Income ETF	14.52%	1.45%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-23.27%	31.72%

Correlation

The correlation between BEDY and MSTZ is -0.28, 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 (All Time) Calculated using the full available price history since Dec 8, 2025	-0.28

Return for Risk

BEDY vs. MSTZ — Risk / Return Rank

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

BEDY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

BEDY vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Enhanced Dividend Income ETF (BEDY) 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.

	BEDY	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.92	—
Sortino ratio: Return per unit of downside risk	—	2.45	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	3.35	—
Martin ratio: Return relative to average drawdown	—	6.53	—

Drawdowns

BEDY vs. MSTZ - Drawdown Comparison

The maximum BEDY drawdown since its inception was -6.25%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for BEDY and MSTZ.

Drawdown Indicators

	BEDY	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-6.25%	-99.38%	+93.13%
Max Drawdown (1Y) Largest decline over 1 year	—	-84.89%	—
Current Drawdown Current decline from peak	0.00%	-97.39%	+97.39%
Average Drawdown Average peak-to-trough decline	-1.18%	-94.53%	+93.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	43.51%	—

Volatility

Volatility by Period

	BEDY	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	56.56%	—
Volatility (6M) Calculated over the trailing 6-month period	—	135.11%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.87%	148.53%	-136.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.87%	171.02%	-159.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.87%	171.02%	-159.15%

BEDY vs. MSTZ - Expense Ratio Comparison

BEDY has a 0.50% expense ratio, which is lower than MSTZ's 1.05% expense ratio.

Dividends

BEDY vs. MSTZ - Dividend Comparison

BEDY's dividend yield for the trailing twelve months is around 3.92%, while MSTZ has not paid dividends to shareholders.

Position	TTM	2025
BEDY BNY Mellon Enhanced Dividend Income ETF	3.92%	0.09%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both BEDY and MSTZ in my portfolio?

BEDY and MSTZ have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BEDY or MSTZ?

On fees, BEDY is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BEDY or MSTZ?

BEDY is cheaper with a 0.50% expense ratio, compared with 1.05% for MSTZ.

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

BEDY has the higher dividend yield at 3.92%, compared with 0.00% for MSTZ.

What is the main difference between BEDY and MSTZ?

BEDY is categorized as Large Cap Value Equities, while MSTZ is Inverse Equities. They also come from different issuers: BNY Mellon and REX. Their fees differ too: 0.50% for BEDY and 1.05% for MSTZ.