HOOW vs. MSTZ

Last updated Jul 14, 2026

HOOW (Roundhill HOOD WeeklyPay ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - HOOW is a Leveraged Equities fund actively managed by Roundhill, while MSTZ is a Inverse Equities fund actively managed by REX. Both are actively managed. Over the past year, HOOW returned 2.30% vs 282.56% for MSTZ. At a correlation of -0.62, they often move in opposite directions. HOOW charges 0.99%/yr vs 1.05%/yr for MSTZ.

Performance

HOOW vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill HOOD WeeklyPay ETF (HOOW) 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, HOOW achieves a -8.58% return, which is significantly higher than MSTZ's -23.27% return.

HOOW

• 1D: -2.38%
• 1M: 20.63%
• 6M: -12.98%
• YTD: -8.58%
• 1Y: 2.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

HOOW vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025
HOOW Roundhill HOOD WeeklyPay ETF	-8.58%	52.60%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-23.27%	247.52%

Correlation

The correlation between HOOW and MSTZ is -0.62, 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	-0.62
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	-0.62

The correlation between HOOW and MSTZ has been stable across timeframes, ranging from -0.62 to -0.62 - a consistent structural relationship.

Return for Risk

HOOW vs. MSTZ — Risk / Return Rank

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

HOOW

HOOW Risk / Return Rank: 12
HOOW Sharpe Ratio Rank: 10
HOOW Sortino Ratio Rank: 15
HOOW Omega Ratio Rank: 15
HOOW Calmar Ratio Rank: 10
HOOW 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.

HOOW vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill HOOD WeeklyPay ETF (HOOW) 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.

	HOOW	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	0.03	1.92	-1.89
Sortino ratio: Return per unit of downside risk	0.66	2.45	-1.79
Omega ratio: Gain probability vs. loss probability	1.08	1.32	-0.24
Calmar ratio: Return relative to maximum drawdown	0.04	3.35	-3.32
Martin ratio: Return relative to average drawdown	0.06	6.53	-6.47

HOOW vs. MSTZ - Sharpe Ratio Comparison

The current HOOW Sharpe Ratio is 0.03, which is lower than the MSTZ Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of HOOW 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

HOOW vs. MSTZ - Drawdown Comparison

The maximum HOOW drawdown since its inception was -65.74%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for HOOW and MSTZ.

Drawdown Indicators

	HOOW	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-65.74%	-99.38%	+33.64%
Max Drawdown (1Y) Largest decline over 1 year	-65.74%	-84.89%	+19.15%
Current Drawdown Current decline from peak	-37.92%	-97.39%	+59.47%
Average Drawdown Average peak-to-trough decline	-30.43%	-94.53%	+64.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.11%	43.51%	-4.40%

Volatility

HOOW vs. MSTZ - Volatility Comparison

The current volatility for Roundhill HOOD WeeklyPay ETF (HOOW) is 22.96%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 56.56%. This indicates that HOOW 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

	HOOW	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.96%	56.56%	-33.60%
Volatility (6M) Calculated over the trailing 6-month period	63.57%	135.11%	-71.54%
Volatility (1Y) Calculated over the trailing 1-year period	83.72%	148.53%	-64.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.81%	171.02%	-87.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.81%	171.02%	-87.21%

HOOW vs. MSTZ - Expense Ratio Comparison

HOOW has a 0.99% expense ratio, which is lower than MSTZ's 1.05% expense ratio.

Dividends

HOOW vs. MSTZ - Dividend Comparison

HOOW's dividend yield for the trailing twelve months is around 131.72%, while MSTZ has not paid dividends to shareholders.

Position	TTM	2025
HOOW Roundhill HOOD WeeklyPay ETF	131.72%	67.92%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both HOOW and MSTZ in my portfolio?

HOOW and MSTZ have a correlation of -0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HOOW or MSTZ?

MSTZ has higher volatility (56.56%) compared to HOOW (22.96%). In terms of maximum drawdown, HOOW dropped -65.74% vs MSTZ's -99.38%.

Which ETF is better, HOOW or MSTZ?

On 1-year performance, MSTZ leads with 282.56% vs 2.30% for HOOW. On fees, HOOW is cheaper at 0.99% per year. On volatility, HOOW has been the lower-risk option at 22.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HOOW or MSTZ?

Over the 1-year period, MSTZ has performed better with a 282.56% return vs 2.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HOOW or MSTZ?

HOOW is cheaper with a 0.99% expense ratio, compared with 1.05% for MSTZ.

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

HOOW has the higher dividend yield at 131.72%, compared with 0.00% for MSTZ.

What is the main difference between HOOW and MSTZ?

HOOW is categorized as Leveraged Equities, while MSTZ is Inverse Equities. They also come from different issuers: Roundhill and REX. Their fees differ too: 0.99% for HOOW and 1.05% for MSTZ.

Which has better risk-adjusted returns?

MSTZ currently has the higher Sharpe Ratio (1.92 vs 0.03), 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.