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. Their 0.64 correlation means they have sometimes moved together and sometimes differently. 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 -83.29% return, which is significantly lower than MSTZ's -33.50% return.
CRCD
- 1D
- 4.36%
- 1M
- 3.99%
- 6M
- -85.88%
- YTD
- -83.29%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
MSTZ
- 1D
- 4.73%
- 1M
- -38.62%
- 6M
- -18.42%
- YTD
- -33.50%
- 1Y
- 193.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -87.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.54M | $9.75M | $17.00M | |
| $106.41M | $167.13M | $179.50M |
CRCD vs. MSTZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRCD T-REX 2X Inverse CRCL Daily Target ETF | -83.29% | 38.83% |
MSTZ T-REX 2X Inverse MSTR Daily Target ETF | -33.50% | 180.23% |
Correlation
The correlation between CRCD and MSTZ is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 26, 2025 | 0.64 |
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Return for Risk
CRCD vs. MSTZ — Risk / Return Rank
CRCD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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.
| CRCD | MSTZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.29 | — |
| Martin ratioReturn relative to average drawdown | — | 4.30 | — |
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Drawdowns
CRCD vs. MSTZ - Drawdown Comparison
The maximum CRCD drawdown since its inception was -96.95%, roughly equal to the maximum MSTZ drawdown of -99.38%. 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% | -99.38% | +2.43% |
Max Drawdown (1Y)Largest decline over 1 year | — | -84.89% | — |
Current DrawdownCurrent decline from peak | -92.08% | -97.74% | +5.66% |
Average DrawdownAverage peak-to-trough decline | -61.23% | -94.61% | +33.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 45.18% | — |
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 | — | 49.90% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 135.00% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 199.82% | 149.64% | +50.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 199.82% | 170.10% | +29.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 199.82% | 170.10% | +29.72% |
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 0.64, 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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