FDD vs. MSTZ

Last updated Jul 12, 2026

FDD (First Trust STOXX European Select Dividend Index Fund) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - FDD is a Europe Equities fund tracking the STOXX Europe Select Dividend 30, while MSTZ is a Inverse Equities fund actively managed by REX. FDD is passively managed, while MSTZ is actively managed. Over the past year, FDD returned 27.34% vs 264.10% for MSTZ. At a correlation of -0.31, they often move in opposite directions. FDD charges 0.58%/yr vs 1.05%/yr for MSTZ.

Performance

FDD vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust STOXX European Select Dividend Index Fund (FDD) 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, FDD achieves a 11.38% return, which is significantly higher than MSTZ's -26.97% return.

FDD

• 1D: 0.51%
• 1M: -2.00%
• 6M: 10.75%
• YTD: 11.38%
• 1Y: 27.34%
• 3Y*: 25.42%
• 5Y*: 11.74%
• 10Y*: 10.25%

MSTZ

• 1D: -1.53%
• 1M: 39.32%
• 6M: -19.19%
• YTD: -26.97%
• 1Y: 264.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FDD vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FDD First Trust STOXX European Select Dividend Index Fund	11.38%	62.50%	-6.31%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-26.97%	-38.95%	-94.43%

Correlation

The correlation between FDD and MSTZ is -0.31, 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	-0.31
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	-0.31

Return for Risk

FDD vs. MSTZ — Risk / Return Rank

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

FDD

FDD Risk / Return Rank: 65
FDD Sharpe Ratio Rank: 65
FDD Sortino Ratio Rank: 64
FDD Omega Ratio Rank: 59
FDD Calmar Ratio Rank: 71
FDD Martin Ratio Rank: 65

MSTZ

MSTZ Risk / Return Rank: 60
MSTZ Sharpe Ratio Rank: 61
MSTZ Sortino Ratio Rank: 62
MSTZ Omega Ratio Rank: 63
MSTZ Calmar Ratio Rank: 71
MSTZ Martin Ratio Rank: 43

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.

FDD vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust STOXX European Select Dividend Index Fund (FDD) 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.

	FDD	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	1.69	1.64	+0.05
Sortino ratio: Return per unit of downside risk	2.38	2.34	+0.04
Omega ratio: Gain probability vs. loss probability	1.29	1.30	-0.01
Calmar ratio: Return relative to maximum drawdown	2.88	2.86	+0.02
Martin ratio: Return relative to average drawdown	9.24	5.59	+3.65

FDD vs. MSTZ - Sharpe Ratio Comparison

The current FDD Sharpe Ratio is 1.69, which is comparable to the MSTZ Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of FDD 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

FDD vs. MSTZ - Drawdown Comparison

The maximum FDD drawdown since its inception was -74.77%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for FDD and MSTZ.

Drawdown Indicators

	FDD	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-74.77%	-99.38%	+24.61%
Max Drawdown (1Y) Largest decline over 1 year	-9.39%	-84.89%	+75.50%
Max Drawdown (3Y) Largest decline over 3 years	-13.06%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-34.84%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.43%	—	—
Current Drawdown Current decline from peak	-2.39%	-97.51%	+95.12%
Average Drawdown Average peak-to-trough decline	-35.28%	-94.53%	+59.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	43.41%	-40.49%

Volatility

FDD vs. MSTZ - Volatility Comparison

The current volatility for First Trust STOXX European Select Dividend Index Fund (FDD) is 4.80%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 56.46%. This indicates that FDD 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

	FDD	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.80%	56.46%	-51.66%
Volatility (6M) Calculated over the trailing 6-month period	13.09%	135.20%	-122.11%
Volatility (1Y) Calculated over the trailing 1-year period	16.03%	148.41%	-132.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.45%	171.17%	-152.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.75%	171.17%	-151.42%

FDD vs. MSTZ - Expense Ratio Comparison

FDD has a 0.58% expense ratio, which is lower than MSTZ's 1.05% expense ratio.

Dividends

FDD vs. MSTZ - Dividend Comparison

FDD's dividend yield for the trailing twelve months is around 5.35%, while MSTZ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDD First Trust STOXX European Select Dividend Index Fund	5.35%	3.99%	7.65%	6.85%	6.07%	3.44%	4.01%	4.69%	5.05%	2.78%	4.88%	4.35%
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 FDD and MSTZ in my portfolio?

FDD and MSTZ have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDD or MSTZ?

MSTZ has higher volatility (56.46%) compared to FDD (4.80%). In terms of maximum drawdown, FDD dropped -74.77% vs MSTZ's -99.38%.

Which ETF is better, FDD or MSTZ?

On 1-year performance, MSTZ leads with 264.10% vs 27.34% for FDD. On fees, FDD is cheaper at 0.58% per year. On volatility, FDD has been the lower-risk option at 4.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDD or MSTZ?

Over the 1-year period, MSTZ has performed better with a 264.10% return vs 27.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDD or MSTZ?

FDD is cheaper with a 0.58% expense ratio, compared with 1.05% for MSTZ.

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

FDD has the higher dividend yield at 5.35%, compared with 0.00% for MSTZ.

What is the main difference between FDD and MSTZ?

FDD is categorized as Europe Equities, while MSTZ is Inverse Equities. They also come from different issuers: First Trust and REX. Their fees differ too: 0.58% for FDD and 1.05% for MSTZ.

Which has better risk-adjusted returns?

FDD currently has the higher Sharpe Ratio (1.69 vs 1.64), 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.