CNBS vs. MSTZ

Last updated Jul 12, 2026

CNBS (Amplify Seymour Cannabis ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - CNBS is a Cannabis fund actively managed by Amplify, while MSTZ is a Inverse Equities fund actively managed by REX. Both are actively managed. Over the past year, CNBS returned 43.24% vs 264.10% for MSTZ. At a correlation of -0.21, they often move in opposite directions. CNBS charges 0.75%/yr vs 1.05%/yr for MSTZ.

Performance

CNBS vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Seymour Cannabis ETF (CNBS) 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, CNBS achieves a -6.55% return, which is significantly higher than MSTZ's -26.97% return.

CNBS

• 1D: 0.36%
• 1M: -9.18%
• 6M: -7.50%
• YTD: -6.55%
• 1Y: 43.24%
• 3Y*: -7.39%
• 5Y*: -33.44%
• 10Y*: —

MSTZ

• 1D: -1.53%
• 1M: 39.32%
• 6M: -19.19%
• YTD: -26.97%
• 1Y: 264.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CNBS vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CNBS Amplify Seymour Cannabis ETF	-6.55%	15.33%	-31.65%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-26.97%	-38.95%	-94.43%

Correlation

The correlation between CNBS and MSTZ is -0.27, 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	-0.27
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	-0.21

Return for Risk

CNBS vs. MSTZ — Risk / Return Rank

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

CNBS

CNBS Risk / Return Rank: 23
CNBS Sharpe Ratio Rank: 16
CNBS Sortino Ratio Rank: 32
CNBS Omega Ratio Rank: 29
CNBS Calmar Ratio Rank: 21
CNBS Martin Ratio Rank: 17

MSTZ

MSTZ Risk / Return Rank: 60
MSTZ Sharpe Ratio Rank: 61
MSTZ Sortino Ratio Rank: 62
MSTZ Omega Ratio Rank: 63
MSTZ Calmar Ratio Rank: 71
MSTZ Martin Ratio Rank: 43

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.

CNBS vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Seymour Cannabis ETF (CNBS) 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.

	CNBS	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	0.37	1.64	-1.27
Sortino ratio: Return per unit of downside risk	1.43	2.34	-0.90
Omega ratio: Gain probability vs. loss probability	1.17	1.30	-0.13
Calmar ratio: Return relative to maximum drawdown	0.76	2.86	-2.10
Martin ratio: Return relative to average drawdown	1.33	5.59	-4.26

CNBS vs. MSTZ - Sharpe Ratio Comparison

The current CNBS Sharpe Ratio is 0.37, which is lower than the MSTZ Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of CNBS 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

CNBS vs. MSTZ - Drawdown Comparison

The maximum CNBS drawdown since its inception was -95.71%, roughly equal to the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for CNBS and MSTZ.

Drawdown Indicators

	CNBS	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-95.71%	-99.38%	+3.67%
Max Drawdown (1Y) Largest decline over 1 year	-51.25%	-84.89%	+33.64%
Max Drawdown (3Y) Largest decline over 3 years	-73.41%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-92.83%	—	—
Current Drawdown Current decline from peak	-91.86%	-97.51%	+5.65%
Average Drawdown Average peak-to-trough decline	-71.51%	-94.53%	+23.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.27%	43.41%	-14.14%

Volatility

CNBS vs. MSTZ - Volatility Comparison

The current volatility for Amplify Seymour Cannabis ETF (CNBS) is 15.13%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 56.46%. This indicates that CNBS 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

	CNBS	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.13%	56.46%	-41.33%
Volatility (6M) Calculated over the trailing 6-month period	53.16%	135.20%	-82.04%
Volatility (1Y) Calculated over the trailing 1-year period	106.03%	148.41%	-42.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.19%	171.17%	-105.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.29%	171.17%	-109.88%

CNBS vs. MSTZ - Expense Ratio Comparison

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

Dividends

CNBS vs. MSTZ - Dividend Comparison

Neither CNBS nor MSTZ has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
CNBS Amplify Seymour Cannabis ETF	0.00%	0.00%	43.54%	0.00%	0.00%	0.00%	0.58%	0.58%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CNBS and MSTZ in my portfolio?

CNBS and MSTZ have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CNBS or MSTZ?

MSTZ has higher volatility (56.46%) compared to CNBS (15.13%). In terms of maximum drawdown, CNBS dropped -95.71% vs MSTZ's -99.38%.

Which ETF is better, CNBS or MSTZ?

On 1-year performance, MSTZ leads with 264.10% vs 43.24% for CNBS. On fees, CNBS is cheaper at 0.75% per year. On volatility, CNBS has been the lower-risk option at 15.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CNBS or MSTZ?

Over the 1-year period, MSTZ has performed better with a 264.10% return vs 43.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CNBS or MSTZ?

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

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

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

What is the main difference between CNBS and MSTZ?

CNBS is categorized as Cannabis, while MSTZ is Inverse Equities. They also come from different issuers: Amplify and REX. Their fees differ too: 0.75% for CNBS and 1.05% for MSTZ.

Which has better risk-adjusted returns?

MSTZ currently has the higher Sharpe Ratio (1.64 vs 0.37), 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.