EUDV vs. MSTZ

Last updated Jul 14, 2026

EUDV (ProShares MSCI Europe Dividend Growers ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - EUDV is a Europe Equities fund tracking the MSCI Europe Dividend Masters Index, while MSTZ is a Inverse Equities fund actively managed by REX. EUDV is passively managed, while MSTZ is actively managed. Over the past year, EUDV returned 0.50% vs 282.56% for MSTZ. At a correlation of -0.30, they often move in opposite directions. EUDV charges 0.55%/yr vs 1.05%/yr for MSTZ.

Performance

EUDV vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares MSCI Europe Dividend Growers ETF (EUDV) 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, EUDV achieves a 2.26% return, which is significantly higher than MSTZ's -23.27% return.

EUDV

• 1D: -0.34%
• 1M: -0.77%
• 6M: -0.32%
• YTD: 2.26%
• 1Y: 0.50%
• 3Y*: 6.80%
• 5Y*: 1.71%
• 10Y*: 5.35%

MSTZ

• 1D: 5.07%
• 1M: 46.38%
• 6M: -9.68%
• YTD: -23.27%
• 1Y: 282.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EUDV vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EUDV ProShares MSCI Europe Dividend Growers ETF	2.26%	14.05%	-9.88%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-23.27%	-38.95%	-94.43%

Correlation

The correlation between EUDV and MSTZ is -0.35, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.35
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	-0.30

Return for Risk

EUDV vs. MSTZ — Risk / Return Rank

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

EUDV

EUDV Risk / Return Rank: 10
EUDV Sharpe Ratio Rank: 10
EUDV Sortino Ratio Rank: 9
EUDV Omega Ratio Rank: 9
EUDV Calmar Ratio Rank: 10
EUDV Martin Ratio Rank: 10

MSTZ

MSTZ Risk / Return Rank: 68
MSTZ Sharpe Ratio Rank: 76
MSTZ Sortino Ratio Rank: 67
MSTZ Omega Ratio Rank: 68
MSTZ Calmar Ratio Rank: 80
MSTZ Martin Ratio Rank: 49

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.

EUDV vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares MSCI Europe Dividend Growers ETF (EUDV) 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.

	EUDV	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	0.04	1.92	-1.88
Sortino ratio: Return per unit of downside risk	0.15	2.45	-2.30
Omega ratio: Gain probability vs. loss probability	1.02	1.32	-0.30
Calmar ratio: Return relative to maximum drawdown	0.05	3.35	-3.31
Martin ratio: Return relative to average drawdown	0.13	6.53	-6.40

EUDV vs. MSTZ - Sharpe Ratio Comparison

The current EUDV Sharpe Ratio is 0.04, which is lower than the MSTZ Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of EUDV 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

EUDV vs. MSTZ - Drawdown Comparison

The maximum EUDV drawdown since its inception was -37.51%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for EUDV and MSTZ.

Drawdown Indicators

	EUDV	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-37.51%	-99.38%	+61.87%
Max Drawdown (1Y) Largest decline over 1 year	-10.63%	-84.89%	+74.26%
Max Drawdown (3Y) Largest decline over 3 years	-13.69%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-37.51%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.51%	—	—
Current Drawdown Current decline from peak	-3.68%	-97.39%	+93.71%
Average Drawdown Average peak-to-trough decline	-8.56%	-94.53%	+85.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.93%	43.51%	-39.58%

Volatility

EUDV vs. MSTZ - Volatility Comparison

The current volatility for ProShares MSCI Europe Dividend Growers ETF (EUDV) is 3.32%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 56.56%. This indicates that EUDV 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

	EUDV	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	56.56%	-53.24%
Volatility (6M) Calculated over the trailing 6-month period	11.69%	135.11%	-123.42%
Volatility (1Y) Calculated over the trailing 1-year period	14.13%	148.53%	-134.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.19%	171.02%	-154.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.91%	171.02%	-154.11%

EUDV vs. MSTZ - Expense Ratio Comparison

EUDV has a 0.55% expense ratio, which is lower than MSTZ's 1.05% expense ratio.

Dividends

EUDV vs. MSTZ - Dividend Comparison

EUDV's dividend yield for the trailing twelve months is around 2.11%, while MSTZ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUDV ProShares MSCI Europe Dividend Growers ETF	2.11%	1.74%	1.92%	1.87%	1.77%	2.30%	1.27%	2.20%	2.22%	2.33%	2.53%	0.37%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EUDV and MSTZ in my portfolio?

EUDV 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.

Which is riskier, EUDV or MSTZ?

MSTZ has higher volatility (56.56%) compared to EUDV (3.32%). In terms of maximum drawdown, EUDV dropped -37.51% vs MSTZ's -99.38%.

Which ETF is better, EUDV or MSTZ?

On 1-year performance, MSTZ leads with 282.56% vs 0.50% for EUDV. On fees, EUDV is cheaper at 0.55% per year. On volatility, EUDV has been the lower-risk option at 3.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EUDV or MSTZ?

Over the 1-year period, MSTZ has performed better with a 282.56% return vs 0.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EUDV or MSTZ?

EUDV is cheaper with a 0.55% expense ratio, compared with 1.05% for MSTZ.

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

EUDV has the higher dividend yield at 2.11%, compared with 0.00% for MSTZ.

What is the main difference between EUDV and MSTZ?

EUDV is categorized as Europe Equities, while MSTZ is Inverse Equities. They also come from different issuers: ProShares and REX. Their fees differ too: 0.55% for EUDV and 1.05% for MSTZ.

Which has better risk-adjusted returns?

MSTZ currently has the higher Sharpe Ratio (1.92 vs 0.04), 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.