BOEG vs. MSTZ

Last updated Jul 15, 2026

BOEG (Leverage Shares 2X Long BA Daily ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - BOEG 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, BOEG returned -28.91% vs 266.72% for MSTZ. At a correlation of -0.33, they often move in opposite directions. BOEG charges 0.75%/yr vs 1.05%/yr for MSTZ.

Performance

BOEG vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long BA Daily ETF (BOEG) 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, BOEG achieves a -11.21% return, which is significantly higher than MSTZ's -31.90% return.

BOEG

• 1D: 1.46%
• 1M: -3.29%
• 6M: -29.42%
• YTD: -11.21%
• 1Y: -28.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSTZ

• 1D: -11.25%
• 1M: 29.92%
• 6M: -7.52%
• YTD: -31.90%
• 1Y: 266.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BOEG vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025
BOEG Leverage Shares 2X Long BA Daily ETF	-11.21%	6.85%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-31.90%	255.07%

Correlation

The correlation between BOEG and MSTZ is -0.34, 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	-0.34
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025	-0.33

Return for Risk

BOEG vs. MSTZ — Risk / Return Rank

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

BOEG

BOEG Risk / Return Rank: 5
BOEG Sharpe Ratio Rank: 5
BOEG Sortino Ratio Rank: 6
BOEG Omega Ratio Rank: 6
BOEG Calmar Ratio Rank: 4
BOEG Martin Ratio Rank: 3

MSTZ

MSTZ Risk / Return Rank: 65
MSTZ Sharpe Ratio Rank: 71
MSTZ Sortino Ratio Rank: 65
MSTZ Omega Ratio Rank: 66
MSTZ Calmar Ratio Rank: 77
MSTZ Martin Ratio Rank: 46

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.

BOEG vs. MSTZ - Risk-Adjusted Trends Comparison

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

	BOEG	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.45	1.81	-2.26
Sortino ratio: Return per unit of downside risk	-0.33	2.41	-2.73
Omega ratio: Gain probability vs. loss probability	0.96	1.31	-0.35
Calmar ratio: Return relative to maximum drawdown	-0.62	3.16	-3.79
Martin ratio: Return relative to average drawdown	-1.18	6.14	-7.32

BOEG vs. MSTZ - Sharpe Ratio Comparison

The current BOEG Sharpe Ratio is -0.45, which is lower than the MSTZ Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of BOEG 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

BOEG vs. MSTZ - Drawdown Comparison

The maximum BOEG drawdown since its inception was -46.47%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for BOEG and MSTZ.

Drawdown Indicators

	BOEG	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-46.47%	-99.38%	+52.91%
Max Drawdown (1Y) Largest decline over 1 year	-46.47%	-84.89%	+38.42%
Current Drawdown Current decline from peak	-33.34%	-97.68%	+64.34%
Average Drawdown Average peak-to-trough decline	-20.12%	-94.54%	+74.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.55%	43.66%	-19.11%

Volatility

BOEG vs. MSTZ - Volatility Comparison

The current volatility for Leverage Shares 2X Long BA Daily ETF (BOEG) is 18.23%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 57.19%. This indicates that BOEG 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

	BOEG	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.23%	57.19%	-38.96%
Volatility (6M) Calculated over the trailing 6-month period	47.52%	135.18%	-87.66%
Volatility (1Y) Calculated over the trailing 1-year period	64.01%	148.74%	-84.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.93%	171.04%	-107.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.93%	171.04%	-107.11%

BOEG vs. MSTZ - Expense Ratio Comparison

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

Dividends

BOEG vs. MSTZ - Dividend Comparison

Neither BOEG nor MSTZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BOEG and MSTZ in my portfolio?

BOEG and MSTZ have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BOEG or MSTZ?

MSTZ has higher volatility (57.19%) compared to BOEG (18.23%). In terms of maximum drawdown, BOEG dropped -46.47% vs MSTZ's -99.38%.

Which ETF is better, BOEG or MSTZ?

On 1-year performance, MSTZ leads with 266.72% vs -28.91% for BOEG. On fees, BOEG is cheaper at 0.75% per year. On volatility, BOEG has been the lower-risk option at 18.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BOEG or MSTZ?

Over the 1-year period, MSTZ has performed better with a 266.72% return vs -28.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BOEG or MSTZ?

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

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

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

What is the main difference between BOEG and MSTZ?

BOEG 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 BOEG and 1.05% for MSTZ.

Which has better risk-adjusted returns?

MSTZ currently has the higher Sharpe Ratio (1.81 vs -0.45), 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.