BUFR vs. MSTZ

Last updated Jul 14, 2026

BUFR (FT Vest Laddered Buffer ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - BUFR is a Defined Outcome fund actively managed by First Trust, while MSTZ is a Inverse Equities fund actively managed by REX. Both are actively managed. Over the past year, BUFR returned 14.45% vs 282.56% for MSTZ. At a correlation of -0.44, they often move in opposite directions. BUFR charges 0.95%/yr vs 1.05%/yr for MSTZ.

Performance

BUFR vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Laddered Buffer ETF (BUFR) 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, BUFR achieves a 6.95% return, which is significantly higher than MSTZ's -23.27% return.

BUFR

• 1D: -0.41%
• 1M: 0.96%
• 6M: 5.93%
• YTD: 6.95%
• 1Y: 14.45%
• 3Y*: 13.20%
• 5Y*: 9.81%
• 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)

BUFR vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BUFR FT Vest Laddered Buffer ETF	6.95%	12.44%	2.97%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-23.27%	-38.95%	-94.43%

Correlation

The correlation between BUFR and MSTZ is -0.47, 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	-0.47
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	-0.44

Return for Risk

BUFR vs. MSTZ — Risk / Return Rank

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

BUFR

BUFR Risk / Return Rank: 86
BUFR Sharpe Ratio Rank: 86
BUFR Sortino Ratio Rank: 88
BUFR Omega Ratio Rank: 88
BUFR Calmar Ratio Rank: 77
BUFR Martin Ratio Rank: 91

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.

BUFR vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Laddered Buffer ETF (BUFR) 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.

	BUFR	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	2.20	1.92	+0.28
Sortino ratio: Return per unit of downside risk	3.17	2.45	+0.71
Omega ratio: Gain probability vs. loss probability	1.43	1.32	+0.12
Calmar ratio: Return relative to maximum drawdown	3.15	3.35	-0.20
Martin ratio: Return relative to average drawdown	16.61	6.53	+10.08

BUFR vs. MSTZ - Sharpe Ratio Comparison

The current BUFR Sharpe Ratio is 2.20, which is comparable to the MSTZ Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of BUFR 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

BUFR vs. MSTZ - Drawdown Comparison

The maximum BUFR drawdown since its inception was -13.73%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for BUFR and MSTZ.

Drawdown Indicators

	BUFR	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-13.73%	-99.38%	+85.65%
Max Drawdown (1Y) Largest decline over 1 year	-4.61%	-84.89%	+80.28%
Max Drawdown (3Y) Largest decline over 3 years	-12.81%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.73%	—	—
Current Drawdown Current decline from peak	-0.41%	-97.39%	+96.98%
Average Drawdown Average peak-to-trough decline	-2.06%	-94.53%	+92.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	43.51%	-42.64%

Volatility

BUFR vs. MSTZ - Volatility Comparison

The current volatility for FT Vest Laddered Buffer ETF (BUFR) is 1.87%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 56.56%. This indicates that BUFR 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

	BUFR	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.87%	56.56%	-54.69%
Volatility (6M) Calculated over the trailing 6-month period	5.30%	135.11%	-129.81%
Volatility (1Y) Calculated over the trailing 1-year period	6.61%	148.53%	-141.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.48%	171.02%	-160.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.18%	171.02%	-160.84%

BUFR vs. MSTZ - Expense Ratio Comparison

BUFR has a 0.95% expense ratio, which is lower than MSTZ's 1.05% expense ratio.

Dividends

BUFR vs. MSTZ - Dividend Comparison

Neither BUFR nor MSTZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BUFR and MSTZ in my portfolio?

BUFR and MSTZ have a correlation of -0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BUFR or MSTZ?

MSTZ has higher volatility (56.56%) compared to BUFR (1.87%). In terms of maximum drawdown, BUFR dropped -13.73% vs MSTZ's -99.38%.

Which ETF is better, BUFR or MSTZ?

On 1-year performance, MSTZ leads with 282.56% vs 14.45% for BUFR. On fees, BUFR is cheaper at 0.95% per year. On volatility, BUFR has been the lower-risk option at 1.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BUFR or MSTZ?

Over the 1-year period, MSTZ has performed better with a 282.56% return vs 14.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BUFR or MSTZ?

BUFR is cheaper with a 0.95% expense ratio, compared with 1.05% for MSTZ.

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

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

What is the main difference between BUFR and MSTZ?

BUFR is categorized as Defined Outcome, while MSTZ is Inverse Equities. They also come from different issuers: First Trust and REX. Their fees differ too: 0.95% for BUFR and 1.05% for MSTZ.

Which has better risk-adjusted returns?

BUFR currently has the higher Sharpe Ratio (2.20 vs 1.92), 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.