DAMD vs. MSTZ
DAMD (Defiance Daily Target 2X Short AMD ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both Inverse Equities funds. DAMD is passively managed, while MSTZ is actively managed. At a 0.35 correlation, their price movements are largely independent. DAMD charges 1.31%/yr vs 1.05%/yr for MSTZ.
Performance
DAMD vs. MSTZ - Performance Comparison
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Returns By Period
In the year-to-date period, DAMD achieves a -92.84% return, which is significantly lower than MSTZ's -27.52% return.
DAMD
- 1D
- 11.32%
- 1M
- -8.29%
- 6M
- -91.69%
- YTD
- -92.84%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTZ
- 1D
- 6.51%
- 1M
- 38.88%
- 6M
- -2.59%
- YTD
- -27.52%
- 1Y
- 299.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DAMD vs. MSTZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DAMD Defiance Daily Target 2X Short AMD ETF | -92.84% | 13.18% |
MSTZ T-REX 2X Inverse MSTR Daily Target ETF | -27.52% | 62.25% |
Correlation
The correlation between DAMD and MSTZ is 0.35, 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 Nov 14, 2025 | 0.35 |
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Return for Risk
DAMD vs. MSTZ — Risk / Return Rank
DAMD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MSTZ
DAMD vs. MSTZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short AMD ETF (DAMD) 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.
| DAMD | MSTZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.33 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.55 | — |
| Martin ratioReturn relative to average drawdown | — | 6.84 | — |
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Drawdowns
DAMD vs. MSTZ - Drawdown Comparison
The maximum DAMD drawdown since its inception was -95.19%, roughly equal to the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for DAMD and MSTZ.
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Drawdown Indicators
| DAMD | MSTZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.19% | -99.38% | +4.19% |
Max Drawdown (1Y)Largest decline over 1 year | — | -84.89% | — |
Current DrawdownCurrent decline from peak | -93.96% | -97.53% | +3.57% |
Average DrawdownAverage peak-to-trough decline | -48.25% | -94.55% | +46.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 43.95% | — |
Volatility
DAMD vs. MSTZ - Volatility Comparison
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Volatility by Period
| DAMD | MSTZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 55.03% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 134.45% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 140.63% | 148.58% | -7.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 140.63% | 170.73% | -30.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 140.63% | 170.73% | -30.10% |
DAMD vs. MSTZ - Expense Ratio Comparison
DAMD has a 1.31% expense ratio, which is higher than MSTZ's 1.05% expense ratio.
Dividends
DAMD vs. MSTZ - Dividend Comparison
Neither DAMD nor MSTZ has paid dividends to shareholders.
Frequently Asked Questions
DAMD and MSTZ have a correlation of 0.35, 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 1.31% for DAMD.
DAMD and MSTZ have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance and REX. Their fees differ too: 1.31% for DAMD and 1.05% for MSTZ.
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