HOOZ vs. MSTZ
HOOZ (Defiance Daily Target 2X Short HOOD ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both Inverse Equities funds. HOOZ is passively managed, while MSTZ is actively managed. A 0.68 correlation means they provide meaningful diversification when combined. HOOZ charges 1.31%/yr vs 1.05%/yr for MSTZ.
Performance
HOOZ vs. MSTZ - Performance Comparison
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Returns By Period
In the year-to-date period, HOOZ achieves a -43.35% return, which is significantly lower than MSTZ's 8.34% return.
HOOZ
- 1D
- -11.54%
- 1M
- -52.19%
- YTD
- -43.35%
- 6M
- -38.09%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTZ
- 1D
- 7.21%
- 1M
- 186.29%
- YTD
- 8.34%
- 6M
- 18.04%
- 1Y
- 302.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HOOZ vs. MSTZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HOOZ Defiance Daily Target 2X Short HOOD ETF | -43.35% | 2.80% |
MSTZ T-REX 2X Inverse MSTR Daily Target ETF | 8.34% | 85.31% |
Correlation
The correlation between HOOZ and MSTZ is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 13, 2025 | 0.68 |
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Return for Risk
HOOZ vs. MSTZ — Risk / Return Rank
HOOZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MSTZ
HOOZ vs. MSTZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short HOOD ETF (HOOZ) 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.
| HOOZ | MSTZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.33 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.59 | — |
| Martin ratioReturn relative to average drawdown | — | 7.12 | — |
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Drawdowns
HOOZ vs. MSTZ - Drawdown Comparison
The maximum HOOZ drawdown since its inception was -77.16%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for HOOZ and MSTZ.
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Drawdown Indicators
| HOOZ | MSTZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.16% | -99.38% | +22.22% |
Max Drawdown (1Y)Largest decline over 1 year | — | -84.89% | — |
Current DrawdownCurrent decline from peak | -73.37% | -96.31% | +22.94% |
Average DrawdownAverage peak-to-trough decline | -32.87% | -94.47% | +61.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 42.75% | — |
Volatility
HOOZ vs. MSTZ - Volatility Comparison
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Volatility by Period
| HOOZ | MSTZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 46.07% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 129.69% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 145.36% | 145.81% | -0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 145.36% | 170.55% | -25.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 145.36% | 170.55% | -25.19% |
HOOZ vs. MSTZ - Expense Ratio Comparison
HOOZ has a 1.31% expense ratio, which is higher than MSTZ's 1.05% expense ratio.
Dividends
HOOZ vs. MSTZ - Dividend Comparison
Neither HOOZ nor MSTZ has paid dividends to shareholders.
Frequently Asked Questions
HOOZ and MSTZ have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MSTZ is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MSTZ is cheaper with a 1.05% expense ratio, compared with 1.31% for HOOZ.
HOOZ and MSTZ have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance and REX. Their fees differ too: 1.31% for HOOZ and 1.05% for MSTZ.
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