BMNZ vs. MSTZ
BMNZ (Defiance Daily Target 2X Short BMNR ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both Inverse Equities funds. BMNZ is passively managed, while MSTZ is actively managed. Their correlation of 0.82 suggests significant overlap in exposure. BMNZ charges 1.31%/yr vs 1.05%/yr for MSTZ.
Performance
BMNZ vs. MSTZ - Performance Comparison
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Returns By Period
In the year-to-date period, BMNZ achieves a 1.13% return, which is significantly higher than MSTZ's -42.45% return.
BMNZ
- 1D
- 22.76%
- 1M
- 77.00%
- YTD
- 1.13%
- 6M
- 35.73%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTZ
- 1D
- 13.06%
- 1M
- 109.55%
- YTD
- -42.45%
- 6M
- -24.19%
- 1Y
- 91.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BMNZ vs. MSTZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BMNZ Defiance Daily Target 2X Short BMNR ETF | 1.13% | -0.49% |
MSTZ T-REX 2X Inverse MSTR Daily Target ETF | -42.45% | 62.25% |
Correlation
The correlation between BMNZ and MSTZ is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 14, 2025 | 0.82 |
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Return for Risk
BMNZ vs. MSTZ — Risk / Return Rank
BMNZ
MSTZ
BMNZ vs. MSTZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short BMNR ETF (BMNZ) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| BMNZ | MSTZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | -0.53 | +0.53 |
Drawdowns
BMNZ vs. MSTZ - Drawdown Comparison
The maximum BMNZ drawdown since its inception was -70.80%, smaller than the maximum MSTZ drawdown of -99.36%. Use the drawdown chart below to compare losses from any high point for BMNZ and MSTZ.
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Drawdown Indicators
| BMNZ | MSTZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.80% | -99.36% | +28.56% |
Max Drawdown (1Y)Largest decline over 1 year | — | -84.89% | — |
Current DrawdownCurrent decline from peak | -43.38% | -97.98% | +54.60% |
Average DrawdownAverage peak-to-trough decline | -51.56% | -94.41% | +42.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 40.74% | — |
Volatility
BMNZ vs. MSTZ - Volatility Comparison
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Volatility by Period
| BMNZ | MSTZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 38.65% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 125.69% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 190.13% | 140.64% | +49.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 190.13% | 170.30% | +19.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 190.13% | 170.30% | +19.83% |
BMNZ vs. MSTZ - Expense Ratio Comparison
BMNZ has a 1.31% expense ratio, which is higher than MSTZ's 1.05% expense ratio.
Dividends
BMNZ vs. MSTZ - Dividend Comparison
Neither BMNZ nor MSTZ has paid dividends to shareholders.
Frequently Asked Questions
BMNZ and MSTZ have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MSTZ is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MSTZ is cheaper with a 1.05% expense ratio, compared with 1.31% for BMNZ.
BMNZ and MSTZ have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance and REX. Their fees differ too: 1.31% for BMNZ and 1.05% for MSTZ.
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