DJUN vs. MSTZ

Last updated Aug 2, 2026

DJUN (FT Cboe Vest U.S. Equity Deep Buffer ETF - June) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - DJUN is a Defined Outcome fund tracking the Cboe S&P 500 30% (-5% to -35%) Buffer Protect June Series Index, while MSTZ is a Inverse Equities fund actively managed by REX. DJUN is passively managed, while MSTZ is actively managed. Over the past year, DJUN returned 9.38% vs 159.07% for MSTZ. Their -0.44 correlation means they have often moved in opposite directions in the past. DJUN charges 0.85%/yr vs 1.05%/yr for MSTZ.

Performance

DJUN vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest U.S. Equity Deep Buffer ETF - June (DJUN) 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, DJUN achieves a 4.39% return, which is significantly higher than MSTZ's -30.44% return.

DJUN

• 1D: 0.42%
• 1M: 0.36%
• 6M: 3.79%
• YTD: 4.39%
• 1Y: 9.38%
• 3Y*: 10.46%
• 5Y*: 7.98%
• 10Y*: —
• ALL TIME*: 8.29%

MSTZ

• 1D: 8.95%
• 1M: 7.38%
• 6M: -24.16%
• YTD: -30.44%
• 1Y: 159.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -86.57%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DJUN FT Cboe Vest U.S. Equity Deep Buffer ETF - June	$1.26M	$1.81M	$2.13M
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	$101.73M	$133.33M	$177.41M

DJUN vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DJUN FT Cboe Vest U.S. Equity Deep Buffer ETF - June	4.39%	9.38%	3.13%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-30.44%	-38.95%	-94.43%

Correlation

The correlation between DJUN and MSTZ is -0.48, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.48
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	-0.44

Return for Risk

DJUN vs. MSTZ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DJUN

DJUN Risk / Return Rank: 86
DJUN Sharpe Ratio Rank: 81
DJUN Sortino Ratio Rank: 85
DJUN Omega Ratio Rank: 89
DJUN Calmar Ratio Rank: 79
DJUN Martin Ratio Rank: 92

MSTZ

MSTZ Risk / Return Rank: 61
MSTZ Sharpe Ratio Rank: 58
MSTZ Sortino Ratio Rank: 68
MSTZ Omega Ratio Rank: 68
MSTZ Calmar Ratio Rank: 70
MSTZ Martin Ratio Rank: 42

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DJUN vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Deep Buffer ETF - June (DJUN) 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.

	DJUN	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	1.89	1.38	+0.51
Sortino ratio: Return per unit of downside risk	2.85	2.22	+0.63
Omega ratio: Gain probability vs. loss probability	1.41	1.28	+0.13
Calmar ratio: Return relative to maximum drawdown	2.84	2.44	+0.39
Martin ratio: Return relative to average drawdown	16.29	4.53	+11.76

DJUN vs. MSTZ - Sharpe Ratio Comparison

The current DJUN Sharpe Ratio is 1.89, which is higher than the MSTZ Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of DJUN 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

DJUN vs. MSTZ - Drawdown Comparison

The maximum DJUN drawdown since its inception was -11.96%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for DJUN and MSTZ.

Drawdown Indicators

	DJUN	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-11.96%	-99.38%	+87.42%
Max Drawdown (1Y) Largest decline over 1 year	-3.15%	-84.89%	+81.74%
Max Drawdown (3Y) Largest decline over 3 years	-11.96%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-11.96%	—	—
Current Drawdown Current decline from peak	-0.35%	-97.63%	+97.28%
Average Drawdown Average peak-to-trough decline	-1.56%	-94.63%	+93.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.55%	45.62%	-45.07%

Volatility

DJUN vs. MSTZ - Volatility Comparison

The current volatility for FT Cboe Vest U.S. Equity Deep Buffer ETF - June (DJUN) is 1.72%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 37.86%. This indicates that DJUN 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

	DJUN	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.72%	37.86%	-36.14%
Volatility (6M) Calculated over the trailing 6-month period	3.94%	134.52%	-130.58%
Volatility (1Y) Calculated over the trailing 1-year period	4.74%	150.23%	-145.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.54%	169.87%	-161.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.99%	169.87%	-161.88%

DJUN vs. MSTZ - Expense Ratio Comparison

DJUN has a 0.85% expense ratio, which is lower than MSTZ's 1.05% expense ratio.

Dividends

DJUN vs. MSTZ - Dividend Comparison

Neither DJUN nor MSTZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DJUN and MSTZ in my portfolio?

DJUN and MSTZ have a correlation of -0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DJUN or MSTZ?

MSTZ has higher volatility (37.86%) compared to DJUN (1.72%). In terms of maximum drawdown, DJUN dropped -11.96% vs MSTZ's -99.38%.

Which ETF is better, DJUN or MSTZ?

On 1-year performance, MSTZ leads with 159.07% vs 9.38% for DJUN. On fees, DJUN is cheaper at 0.85% per year. On volatility, DJUN has been the lower-risk option at 1.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DJUN or MSTZ?

Over the 1-year period, MSTZ has performed better with a 159.07% return vs 9.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DJUN or MSTZ?

DJUN is cheaper with a 0.85% expense ratio, compared with 1.05% for MSTZ.

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

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

What is the main difference between DJUN and MSTZ?

DJUN is categorized as Defined Outcome, while MSTZ is Inverse Equities. They also come from different issuers: First Trust and REX. Their fees differ too: 0.85% for DJUN and 1.05% for MSTZ.

Which has better risk-adjusted returns?

DJUN currently has the higher Sharpe Ratio (1.89 vs 1.38), 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.