EUM vs. MSTZ
Compare and contrast key facts about ProShares Short MSCI Emerging Markets (EUM) and T-REX 2X Inverse MSTR Daily Target ETF (MSTZ).
EUM and MSTZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EUM is a passively managed fund by ProShares that tracks the performance of the MSCI Emerging Markets Index (-100%). It was launched on Nov 1, 2007. MSTZ is an actively managed fund by REX. It was launched on Sep 17, 2024.
Performance
EUM vs. MSTZ - Performance Comparison
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EUM vs. MSTZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EUM ProShares Short MSCI Emerging Markets | -4.65% | -22.61% | 2.05% |
MSTZ T-REX 2X Inverse MSTR Daily Target ETF | -24.90% | -38.95% | -94.26% |
Returns By Period
In the year-to-date period, EUM achieves a -4.65% return, which is significantly higher than MSTZ's -24.90% return.
EUM
- 1D
- -0.68%
- 1M
- 6.85%
- YTD
- -4.65%
- 6M
- -6.77%
- 1Y
- -23.48%
- 3Y*
- -10.11%
- 5Y*
- -2.28%
- 10Y*
- -8.57%
MSTZ
- 1D
- 3.21%
- 1M
- 12.49%
- YTD
- -24.90%
- 6M
- 172.88%
- 1Y
- 4.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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EUM vs. MSTZ - Expense Ratio Comparison
EUM has a 0.95% expense ratio, which is lower than MSTZ's 1.05% expense ratio.
Return for Risk
EUM vs. MSTZ — Risk / Return Rank
EUM
MSTZ
EUM vs. MSTZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short MSCI Emerging Markets (EUM) 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.
| EUM | MSTZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.15 | 0.03 | -1.18 |
Sortino ratioReturn per unit of downside risk | -1.65 | 1.17 | -2.82 |
Omega ratioGain probability vs. loss probability | 0.80 | 1.16 | -0.36 |
Calmar ratioReturn relative to maximum drawdown | -0.61 | -0.10 | -0.52 |
Martin ratioReturn relative to average drawdown | -0.91 | -0.13 | -0.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EUM | MSTZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.15 | 0.03 | -1.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.33 | -0.53 | +0.20 |
Correlation
The correlation between EUM and MSTZ is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
EUM vs. MSTZ - Dividend Comparison
EUM's dividend yield for the trailing twelve months is around 3.74%, while MSTZ has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EUM ProShares Short MSCI Emerging Markets | 3.74% | 3.98% | 4.22% | 3.86% | 0.82% | 0.00% | 0.15% | 1.35% | 0.88% |
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% |
Drawdowns
EUM vs. MSTZ - Drawdown Comparison
The maximum EUM drawdown since its inception was -92.17%, smaller than the maximum MSTZ drawdown of -99.36%. Use the drawdown chart below to compare losses from any high point for EUM and MSTZ.
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Drawdown Indicators
| EUM | MSTZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.17% | -99.36% | +7.19% |
Max Drawdown (1Y)Largest decline over 1 year | -38.57% | -83.20% | +44.63% |
Max Drawdown (5Y)Largest decline over 5 years | -43.51% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -65.06% | — | — |
Current DrawdownCurrent decline from peak | -91.40% | -97.37% | +5.97% |
Average DrawdownAverage peak-to-trough decline | -77.02% | -93.92% | +16.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.03% | 61.41% | -35.38% |
Volatility
EUM vs. MSTZ - Volatility Comparison
The current volatility for ProShares Short MSCI Emerging Markets (EUM) is 9.82%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 38.01%. This indicates that EUM 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.
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Volatility by Period
| EUM | MSTZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.82% | 38.01% | -28.19% |
Volatility (6M)Calculated over the trailing 6-month period | 15.41% | 122.49% | -107.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.49% | 147.18% | -126.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.63% | 172.91% | -154.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.34% | 172.91% | -152.57% |