CRCD vs. MSTZ
CRCD (T-REX 2X Inverse CRCL Daily Target ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both Inverse Equities funds. Both are actively managed. A 0.63 correlation means they provide meaningful diversification when combined. CRCD charges 1.50%/yr vs 1.05%/yr for MSTZ.
Performance
CRCD vs. MSTZ - Performance Comparison
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Returns By Period
In the year-to-date period, CRCD achieves a -88.01% return, which is significantly lower than MSTZ's -46.88% return.
CRCD
- 1D
- 20.12%
- 1M
- 35.97%
- YTD
- -88.01%
- 6M
- -87.46%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTZ
- 1D
- 14.02%
- 1M
- 86.49%
- YTD
- -46.88%
- 6M
- -23.06%
- 1Y
- 94.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CRCD vs. MSTZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRCD T-REX 2X Inverse CRCL Daily Target ETF | -88.01% | 43.19% |
MSTZ T-REX 2X Inverse MSTR Daily Target ETF | -46.88% | 197.74% |
Correlation
The correlation between CRCD and MSTZ is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 29, 2025 | 0.63 |
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Return for Risk
CRCD vs. MSTZ — Risk / Return Rank
CRCD
MSTZ
CRCD vs. MSTZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Inverse CRCL Daily Target ETF (CRCD) 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.
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Sharpe Ratios by Period
| CRCD | 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 | -0.45 | -0.53 | +0.08 |
Drawdowns
CRCD vs. MSTZ - Drawdown Comparison
The maximum CRCD drawdown since its inception was -96.95%, roughly equal to the maximum MSTZ drawdown of -99.36%. Use the drawdown chart below to compare losses from any high point for CRCD and MSTZ.
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Drawdown Indicators
| CRCD | MSTZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.95% | -99.36% | +2.41% |
Max Drawdown (1Y)Largest decline over 1 year | — | -84.89% | — |
Current DrawdownCurrent decline from peak | -94.31% | -98.14% | +3.83% |
Average DrawdownAverage peak-to-trough decline | -54.51% | -94.39% | +39.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 40.30% | — |
Volatility
CRCD vs. MSTZ - Volatility Comparison
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Volatility by Period
| CRCD | 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 | 204.54% | 140.34% | +64.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 204.54% | 170.37% | +34.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 204.54% | 170.37% | +34.17% |
CRCD vs. MSTZ - Expense Ratio Comparison
CRCD has a 1.50% expense ratio, which is higher than MSTZ's 1.05% expense ratio.
Dividends
CRCD vs. MSTZ - Dividend Comparison
Neither CRCD nor MSTZ has paid dividends to shareholders.
Frequently Asked Questions
CRCD and MSTZ have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
MSTZ is cheaper with a 1.05% expense ratio, compared with 1.50% for CRCD.
CRCD and MSTZ have nearly identical dividend yields, around 0.00%.
They also come from different issuers: T-Rex and REX. Their fees differ too: 1.50% for CRCD and 1.05% for MSTZ.
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