BRKD vs. MSTZ

Last updated Apr 18, 2026

BRKD (Direxion Daily BRKB Bear 1X Shares) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both Inverse Equities funds. BRKD is passively managed, while MSTZ is actively managed. Over the past year, BRKD returned 12.58% vs -17.18% for MSTZ. At -0.01, they often move in opposite directions. BRKD charges 1.00%/yr vs 1.05%/yr for MSTZ.

Performance

BRKD vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily BRKB Bear 1X Shares (BRKD) 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, BRKD achieves a 5.90% return, which is significantly higher than MSTZ's -62.62% return.

BRKD

• 1D: 0.00%
• 1M: 1.36%
• YTD: 5.90%
• 6M: 4.75%
• 1Y: 12.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSTZ

• 1D: -23.78%
• 1M: -36.47%
• YTD: -62.62%
• 6M: 5.25%
• 1Y: -17.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BRKD vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BRKD Direxion Daily BRKB Bear 1X Shares	5.90%	-6.69%	2.19%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-62.62%	-38.95%	66.96%

Correlation

The correlation between BRKD and MSTZ is -0.11, 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	-0.11
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024	-0.01

Return for Risk

BRKD vs. MSTZ — Risk / Return Rank

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

BRKD

BRKD Risk / Return Rank: 18
BRKD Sharpe Ratio Rank: 16
BRKD Sortino Ratio Rank: 17
BRKD Omega Ratio Rank: 16
BRKD Calmar Ratio Rank: 23
BRKD Martin Ratio Rank: 17

MSTZ

MSTZ Risk / Return Rank: 8
MSTZ Sharpe Ratio Rank: 5
MSTZ Sortino Ratio Rank: 13
MSTZ Omega Ratio Rank: 13
MSTZ Calmar Ratio Rank: 4
MSTZ Martin Ratio Rank: 4

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.

BRKD vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily BRKB Bear 1X Shares (BRKD) 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.

	BRKD	MSTZ	Difference
Sharpe ratio Return per unit of total volatility	0.81	-0.13	+0.94
Sortino ratio Return per unit of downside risk	1.36	0.83	+0.53
Omega ratio Gain probability vs. loss probability	1.16	1.11	+0.05
Calmar ratio Return relative to maximum drawdown	1.61	-0.27	+1.88
Martin ratio Return relative to average drawdown	3.12	-0.52	+3.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BRKD vs. MSTZ - Sharpe Ratio Comparison

The current BRKD Sharpe Ratio is 0.81, which is higher than the MSTZ Sharpe Ratio of -0.13. The chart below compares the historical Sharpe Ratios of BRKD 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.

Sharpe Ratios by Period

	BRKD	MSTZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.81	-0.13	+0.94
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	-0.54	+0.58

Drawdowns

BRKD vs. MSTZ - Drawdown Comparison

The maximum BRKD drawdown since its inception was -17.92%, smaller than the maximum MSTZ drawdown of -99.36%. Use the drawdown chart below to compare losses from any high point for BRKD and MSTZ.

Drawdown Indicators

	BRKD	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-17.92%	-99.36%	+81.44%
Max Drawdown (1Y) Largest decline over 1 year	-9.34%	-77.04%	+67.70%
Current Drawdown Current decline from peak	-3.69%	-98.69%	+95.00%
Average Drawdown Average peak-to-trough decline	-8.13%	-94.03%	+85.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.81%	39.99%	-35.18%

Volatility

BRKD vs. MSTZ - Volatility Comparison

The current volatility for Direxion Daily BRKB Bear 1X Shares (BRKD) is 3.19%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 39.84%. This indicates that BRKD 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

	BRKD	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.19%	39.84%	-36.65%
Volatility (6M) Calculated over the trailing 6-month period	10.57%	125.09%	-114.52%
Volatility (1Y) Calculated over the trailing 1-year period	15.60%	135.99%	-120.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.06%	172.39%	-154.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.06%	172.39%	-154.33%

BRKD vs. MSTZ - Expense Ratio Comparison

BRKD has a 1.00% expense ratio, which is lower than MSTZ's 1.05% expense ratio.

Dividends

BRKD vs. MSTZ - Dividend Comparison

BRKD's dividend yield for the trailing twelve months is around 2.82%, while MSTZ has not paid dividends to shareholders.

	TTM	2025
BRKD Direxion Daily BRKB Bear 1X Shares	2.82%	3.50%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	0.00%	0.00%