CORD vs. MSTZ

Last updated Jun 4, 2026

CORD (T-Rex 2X Inverse CRWV Daily Target ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both Inverse Equities funds. Both are actively managed. At a 0.40 correlation, their price movements are largely independent. CORD charges 1.50%/yr vs 1.05%/yr for MSTZ.

Performance

CORD vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Inverse CRWV Daily Target ETF (CORD) 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, CORD achieves a -87.59% return, which is significantly lower than MSTZ's -46.88% return.

CORD

• 1D: 14.09%
• 1M: 3.13%
• YTD: -87.59%
• 6M: -88.97%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSTZ

• 1D: 14.02%
• 1M: 86.49%
• YTD: -46.88%
• 6M: -23.06%
• 1Y: 94.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CORD vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025
CORD T-Rex 2X Inverse CRWV Daily Target ETF	-87.59%	44.68%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-46.88%	197.74%

Correlation

The correlation between CORD and MSTZ is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 29, 2025	0.40

Return for Risk

CORD vs. MSTZ — Risk / Return Rank

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

MSTZ

MSTZ Risk / Return Rank: 26
MSTZ Sharpe Ratio Rank: 20
MSTZ Sortino Ratio Rank: 32
MSTZ Omega Ratio Rank: 34
MSTZ Calmar Ratio Rank: 24
MSTZ Martin Ratio Rank: 20

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.

CORD vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Inverse CRWV Daily Target ETF (CORD) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CORD	MSTZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.49	-0.53	+0.04

Drawdowns

CORD vs. MSTZ - Drawdown Comparison

The maximum CORD drawdown since its inception was -93.69%, smaller than the maximum MSTZ drawdown of -99.36%. Use the drawdown chart below to compare losses from any high point for CORD and MSTZ.

Drawdown Indicators

	CORD	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-93.69%	-99.36%	+5.67%
Max Drawdown (1Y) Largest decline over 1 year	—	-84.89%	—
Current Drawdown Current decline from peak	-91.90%	-98.14%	+6.24%
Average Drawdown Average peak-to-trough decline	-56.33%	-94.39%	+38.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	40.30%	—

Volatility

Volatility by Period

	CORD	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	37.49%	—
Volatility (6M) Calculated over the trailing 6-month period	—	125.82%	—
Volatility (1Y) Calculated over the trailing 1-year period	187.84%	140.34%	+47.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	187.84%	170.37%	+17.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	187.84%	170.37%	+17.47%

CORD vs. MSTZ - Expense Ratio Comparison

CORD has a 1.50% expense ratio, which is higher than MSTZ's 1.05% expense ratio.

Dividends

CORD vs. MSTZ - Dividend Comparison

Neither CORD nor MSTZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CORD and MSTZ in my portfolio?

CORD and MSTZ have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CORD or MSTZ?

On fees, MSTZ is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CORD or MSTZ?

MSTZ is cheaper with a 1.05% expense ratio, compared with 1.50% for CORD.

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

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

What is the main difference between CORD and MSTZ?

They also come from different issuers: Tuttle Capital Management and REX. Their fees differ too: 1.50% for CORD and 1.05% for MSTZ.