FDTX vs. MSTZ

Last updated Jul 14, 2026

FDTX (Fidelity Disruptive Technology ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - FDTX is a Technology Equities fund actively managed by Fidelity, while MSTZ is a Inverse Equities fund actively managed by REX. Both are actively managed. Over the past year, FDTX returned 37.87% vs 264.10% for MSTZ. At a correlation of -0.46, they often move in opposite directions. FDTX charges 0.50%/yr vs 1.05%/yr for MSTZ.

Performance

FDTX vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Disruptive Technology ETF (FDTX) 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, FDTX achieves a 30.46% return, which is significantly higher than MSTZ's -26.97% return.

FDTX

• 1D: -2.98%
• 1M: -2.86%
• 6M: 26.77%
• YTD: 30.46%
• 1Y: 37.87%
• 3Y*: 25.27%
• 5Y*: —
• 10Y*: —

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)

FDTX vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FDTX Fidelity Disruptive Technology ETF	30.46%	15.25%	12.33%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-26.97%	-38.95%	-94.43%

Correlation

The correlation between FDTX and MSTZ is -0.48, 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	-0.48
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	-0.46

Return for Risk

FDTX vs. MSTZ — Risk / Return Rank

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

FDTX

FDTX Risk / Return Rank: 46
FDTX Sharpe Ratio Rank: 47
FDTX Sortino Ratio Rank: 43
FDTX Omega Ratio Rank: 45
FDTX Calmar Ratio Rank: 49
FDTX Martin Ratio Rank: 45

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.

FDTX vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Technology ETF (FDTX) 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.

	FDTX	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	1.32	1.64	-0.32
Sortino ratio: Return per unit of downside risk	1.81	2.34	-0.53
Omega ratio: Gain probability vs. loss probability	1.23	1.30	-0.07
Calmar ratio: Return relative to maximum drawdown	1.96	2.86	-0.90
Martin ratio: Return relative to average drawdown	5.93	5.59	+0.34

FDTX vs. MSTZ - Sharpe Ratio Comparison

The current FDTX Sharpe Ratio is 1.32, which is comparable to the MSTZ Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of FDTX 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

FDTX vs. MSTZ - Drawdown Comparison

The maximum FDTX drawdown since its inception was -27.23%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for FDTX and MSTZ.

Drawdown Indicators

	FDTX	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-27.23%	-99.38%	+72.15%
Max Drawdown (1Y) Largest decline over 1 year	-19.38%	-84.89%	+65.51%
Max Drawdown (3Y) Largest decline over 3 years	-27.23%	—	—
Current Drawdown Current decline from peak	-8.88%	-97.51%	+88.63%
Average Drawdown Average peak-to-trough decline	-5.50%	-94.53%	+89.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.40%	43.41%	-37.01%

Volatility

FDTX vs. MSTZ - Volatility Comparison

The current volatility for Fidelity Disruptive Technology ETF (FDTX) is 13.55%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 56.46%. This indicates that FDTX 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

	FDTX	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.55%	56.46%	-42.91%
Volatility (6M) Calculated over the trailing 6-month period	24.82%	135.20%	-110.38%
Volatility (1Y) Calculated over the trailing 1-year period	28.86%	148.41%	-119.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.71%	171.17%	-144.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.71%	171.17%	-144.46%

FDTX vs. MSTZ - Expense Ratio Comparison

FDTX has a 0.50% expense ratio, which is lower than MSTZ's 1.05% expense ratio.

Dividends

FDTX vs. MSTZ - Dividend Comparison

Neither FDTX nor MSTZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FDTX and MSTZ in my portfolio?

FDTX 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, FDTX or MSTZ?

MSTZ has higher volatility (56.46%) compared to FDTX (13.55%). In terms of maximum drawdown, FDTX dropped -27.23% vs MSTZ's -99.38%.

Which ETF is better, FDTX or MSTZ?

On 1-year performance, MSTZ leads with 264.10% vs 37.87% for FDTX. On fees, FDTX is cheaper at 0.50% per year. On volatility, FDTX has been the lower-risk option at 13.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDTX or MSTZ?

Over the 1-year period, MSTZ has performed better with a 264.10% return vs 37.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDTX or MSTZ?

FDTX is cheaper with a 0.50% expense ratio, compared with 1.05% for MSTZ.

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

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

What is the main difference between FDTX and MSTZ?

FDTX is categorized as Technology Equities, while MSTZ is Inverse Equities. They also come from different issuers: Fidelity and REX. Their fees differ too: 0.50% for FDTX and 1.05% for MSTZ.

Which has better risk-adjusted returns?

MSTZ currently has the higher Sharpe Ratio (1.64 vs 1.32), 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.