FTRI vs. MSTZ

Last updated Aug 2, 2026

FTRI (First Trust Indxx Global Natural Resources Income ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - FTRI is a Natural Resources fund tracking the Indxx Global Natural Resources Income Index, while MSTZ is a Inverse Equities fund actively managed by REX. FTRI is passively managed, while MSTZ is actively managed. Over the past year, FTRI returned 19.85% vs 159.07% for MSTZ. Their -0.26 correlation means they have often moved in opposite directions in the past. FTRI charges 0.70%/yr vs 1.05%/yr for MSTZ.

Performance

FTRI vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Indxx Global Natural Resources Income ETF (FTRI) 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, FTRI achieves a 6.71% return, which is significantly higher than MSTZ's -30.44% return.

FTRI

• 1D: -0.97%
• 1M: 2.46%
• 6M: -2.84%
• YTD: 6.71%
• 1Y: 19.85%
• 3Y*: 11.52%
• 5Y*: 8.30%
• 10Y*: 10.05%
• ALL TIME*: 11.41%

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)
FTRI First Trust Indxx Global Natural Resources Income ETF	$358.94K	$650.63K	$673.37K
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	$101.73M	$133.33M	$177.41M

FTRI vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FTRI First Trust Indxx Global Natural Resources Income ETF	6.71%	33.62%	-7.02%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-30.44%	-38.95%	-94.43%

Correlation

The correlation between FTRI and MSTZ is -0.29, 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.	-0.29
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	-0.26

Return for Risk

FTRI vs. MSTZ — Risk / Return Rank

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

FTRI

FTRI Risk / Return Rank: 38
FTRI Sharpe Ratio Rank: 44
FTRI Sortino Ratio Rank: 40
FTRI Omega Ratio Rank: 41
FTRI Calmar Ratio Rank: 35
FTRI Martin Ratio Rank: 31

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.

FTRI vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Global Natural Resources Income ETF (FTRI) 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.

	FTRI	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	1.09	1.38	-0.29
Sortino ratio: Return per unit of downside risk	1.48	2.22	-0.73
Omega ratio: Gain probability vs. loss probability	1.19	1.28	-0.09
Calmar ratio: Return relative to maximum drawdown	1.17	2.44	-1.27
Martin ratio: Return relative to average drawdown	2.93	4.53	-1.61

FTRI vs. MSTZ - Sharpe Ratio Comparison

The current FTRI Sharpe Ratio is 1.09, which is comparable to the MSTZ Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of FTRI 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

FTRI vs. MSTZ - Drawdown Comparison

The maximum FTRI drawdown since its inception was -43.82%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for FTRI and MSTZ.

Drawdown Indicators

	FTRI	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-43.82%	-99.38%	+55.56%
Max Drawdown (1Y) Largest decline over 1 year	-17.04%	-84.89%	+67.85%
Max Drawdown (3Y) Largest decline over 3 years	-17.04%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.51%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-43.82%	—	—
Current Drawdown Current decline from peak	-12.51%	-97.63%	+85.12%
Average Drawdown Average peak-to-trough decline	-8.54%	-94.63%	+86.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.81%	45.62%	-38.81%

Volatility

FTRI vs. MSTZ - Volatility Comparison

The current volatility for First Trust Indxx Global Natural Resources Income ETF (FTRI) is 5.11%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 37.86%. This indicates that FTRI 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

	FTRI	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.11%	37.86%	-32.75%
Volatility (6M) Calculated over the trailing 6-month period	15.01%	134.52%	-119.51%
Volatility (1Y) Calculated over the trailing 1-year period	18.32%	150.23%	-131.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.70%	169.87%	-149.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.84%	169.87%	-148.03%

FTRI vs. MSTZ - Expense Ratio Comparison

FTRI has a 0.70% expense ratio, which is lower than MSTZ's 1.05% expense ratio.

Dividends

FTRI vs. MSTZ - Dividend Comparison

FTRI's dividend yield for the trailing twelve months is around 2.10%, while MSTZ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTRI First Trust Indxx Global Natural Resources Income ETF	2.10%	2.35%	4.29%	6.56%	8.37%	6.58%	3.64%	6.25%	4.24%	3.60%	2.96%	0.89%
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 FTRI and MSTZ in my portfolio?

FTRI and MSTZ have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTRI or MSTZ?

MSTZ has higher volatility (37.86%) compared to FTRI (5.11%). In terms of maximum drawdown, FTRI dropped -43.82% vs MSTZ's -99.38%.

Which ETF is better, FTRI or MSTZ?

On 1-year performance, MSTZ leads with 159.07% vs 19.85% for FTRI. On fees, FTRI is cheaper at 0.70% per year. On volatility, FTRI has been the lower-risk option at 5.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTRI or MSTZ?

Over the 1-year period, MSTZ has performed better with a 159.07% return vs 19.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTRI or MSTZ?

FTRI is cheaper with a 0.70% expense ratio, compared with 1.05% for MSTZ.

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

FTRI has the higher dividend yield at 2.10%, compared with 0.00% for MSTZ.

What is the main difference between FTRI and MSTZ?

FTRI is categorized as Natural Resources, while MSTZ is Inverse Equities. They also come from different issuers: First Trust and REX. Their fees differ too: 0.70% for FTRI and 1.05% for MSTZ.

Which has better risk-adjusted returns?

MSTZ currently has the higher Sharpe Ratio (1.38 vs 1.09), 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.