BUFZ vs. MSTZ

Last updated Aug 4, 2026

BUFZ (FT Cboe Vest Laddered Moderate Buffer ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - BUFZ is a Options Trading fund actively managed by FT Vest, while MSTZ is a Inverse Equities fund actively managed by REX. Both are actively managed. Over the past year, BUFZ returned 12.36% vs 150.38% for MSTZ. Their -0.45 correlation means they have often moved in opposite directions in the past. Both charge a 1.05% expense ratio.

Performance

BUFZ vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest Laddered Moderate Buffer ETF (BUFZ) 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, BUFZ achieves a 6.26% return, which is significantly higher than MSTZ's -32.77% return.

BUFZ

• 1D: 0.28%
• 1M: 1.02%
• 6M: 5.23%
• YTD: 6.26%
• 1Y: 12.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.80%

MSTZ

• 1D: -3.35%
• 1M: 3.78%
• 6M: -35.30%
• YTD: -32.77%
• 1Y: 150.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -86.70%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BUFZ FT Cboe Vest Laddered Moderate Buffer ETF	$5.64M	$4.23M	$4.47M
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	$99.07M	$124.74M	$178.48M

BUFZ vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BUFZ FT Cboe Vest Laddered Moderate Buffer ETF	6.26%	11.05%	2.36%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-32.77%	-38.95%	-94.43%

Correlation

The correlation between BUFZ and MSTZ is -0.47, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.47
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	-0.45

Return for Risk

BUFZ vs. MSTZ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BUFZ

BUFZ Risk / Return Rank: 91
BUFZ Sharpe Ratio Rank: 90
BUFZ Sortino Ratio Rank: 92
BUFZ Omega Ratio Rank: 92
BUFZ Calmar Ratio Rank: 86
BUFZ Martin Ratio Rank: 94

MSTZ

MSTZ Risk / Return Rank: 46
MSTZ Sharpe Ratio Rank: 40
MSTZ Sortino Ratio Rank: 56
MSTZ Omega Ratio Rank: 56
MSTZ Calmar Ratio Rank: 47
MSTZ Martin Ratio Rank: 34

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BUFZ vs. MSTZ - Risk-Adjusted Trends Comparison

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

	BUFZ	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	2.35	1.01	+1.34
Sortino ratio: Return per unit of downside risk	3.53	2.01	+1.52
Omega ratio: Gain probability vs. loss probability	1.48	1.26	+0.22
Calmar ratio: Return relative to maximum drawdown	3.54	1.78	+1.76
Martin ratio: Return relative to average drawdown	18.57	3.30	+15.27

BUFZ vs. MSTZ - Sharpe Ratio Comparison

The current BUFZ Sharpe Ratio is 2.35, which is higher than the MSTZ Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of BUFZ 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

BUFZ vs. MSTZ - Drawdown Comparison

The maximum BUFZ drawdown since its inception was -10.14%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for BUFZ and MSTZ.

Drawdown Indicators

	BUFZ	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-10.14%	-99.38%	+89.24%
Max Drawdown (1Y) Largest decline over 1 year	-3.51%	-84.89%	+81.38%
Current Drawdown Current decline from peak	0.00%	-97.71%	+97.71%
Average Drawdown Average peak-to-trough decline	-0.63%	-94.63%	+94.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.67%	45.77%	-45.10%

Volatility

BUFZ vs. MSTZ - Volatility Comparison

The current volatility for FT Cboe Vest Laddered Moderate Buffer ETF (BUFZ) is 1.55%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 33.58%. This indicates that BUFZ 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

	BUFZ	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.55%	33.58%	-32.03%
Volatility (6M) Calculated over the trailing 6-month period	4.32%	134.23%	-129.91%
Volatility (1Y) Calculated over the trailing 1-year period	5.29%	149.52%	-144.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.22%	169.71%	-162.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.22%	169.71%	-162.49%

BUFZ vs. MSTZ - Expense Ratio Comparison

Both BUFZ and MSTZ have an expense ratio of 1.05%.

Dividends

BUFZ vs. MSTZ - Dividend Comparison

Neither BUFZ nor MSTZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BUFZ and MSTZ in my portfolio?

BUFZ 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, BUFZ or MSTZ?

MSTZ has higher volatility (33.58%) compared to BUFZ (1.55%). In terms of maximum drawdown, BUFZ dropped -10.14% vs MSTZ's -99.38%.

Which ETF is better, BUFZ or MSTZ?

On 1-year performance, MSTZ leads with 150.38% vs 12.36% for BUFZ. Both ETFs have the same 1.05% expense ratio. On volatility, BUFZ has been the lower-risk option at 1.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BUFZ or MSTZ?

Over the 1-year period, MSTZ has performed better with a 150.38% return vs 12.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BUFZ or MSTZ?

BUFZ and MSTZ have the same expense ratio: 1.05% per year.

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

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

What is the main difference between BUFZ and MSTZ?

BUFZ is categorized as Options Trading, while MSTZ is Inverse Equities. They also come from different issuers: FT Vest and REX.

Which has better risk-adjusted returns?

BUFZ currently has the higher Sharpe Ratio (2.35 vs 1.01), 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.