INTW vs. MSTZ

Last updated Jul 15, 2026

INTW (GraniteShares 2x Long INTC Daily ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - INTW is a Leveraged Equities fund actively managed by GraniteShares, while MSTZ is a Inverse Equities fund actively managed by REX. Both are actively managed. Over the past year, INTW returned 998.82% vs 266.72% for MSTZ. At a correlation of -0.21, they often move in opposite directions. INTW charges 1.50%/yr vs 1.05%/yr for MSTZ.

Performance

INTW vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long INTC Daily ETF (INTW) 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, INTW achieves a 438.59% return, which is significantly higher than MSTZ's -31.90% return.

INTW

• 1D: 8.88%
• 1M: -30.74%
• 6M: 237.35%
• YTD: 438.59%
• 1Y: 998.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSTZ

• 1D: -11.25%
• 1M: 29.92%
• 6M: -7.52%
• YTD: -31.90%
• 1Y: 266.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

INTW vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025
INTW GraniteShares 2x Long INTC Daily ETF	438.59%	60.89%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-31.90%	-2.89%

Correlation

The correlation between INTW and MSTZ is -0.22, 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	-0.22
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	-0.21

Return for Risk

INTW vs. MSTZ — Risk / Return Rank

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

INTW

INTW Risk / Return Rank: 97
INTW Sharpe Ratio Rank: 99
INTW Sortino Ratio Rank: 95
INTW Omega Ratio Rank: 93
INTW Calmar Ratio Rank: 99
INTW Martin Ratio Rank: 98

MSTZ

MSTZ Risk / Return Rank: 65
MSTZ Sharpe Ratio Rank: 71
MSTZ Sortino Ratio Rank: 65
MSTZ Omega Ratio Rank: 66
MSTZ Calmar Ratio Rank: 77
MSTZ Martin Ratio Rank: 46

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.

INTW vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long INTC Daily ETF (INTW) 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.

	INTW	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	6.59	1.81	+4.78
Sortino ratio: Return per unit of downside risk	4.12	2.41	+1.71
Omega ratio: Gain probability vs. loss probability	1.52	1.31	+0.20
Calmar ratio: Return relative to maximum drawdown	20.46	3.16	+17.29
Martin ratio: Return relative to average drawdown	44.31	6.14	+38.17

INTW vs. MSTZ - Sharpe Ratio Comparison

The current INTW Sharpe Ratio is 6.59, which is higher than the MSTZ Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of INTW 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

INTW vs. MSTZ - Drawdown Comparison

The maximum INTW drawdown since its inception was -60.58%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for INTW and MSTZ.

Drawdown Indicators

	INTW	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-60.58%	-99.38%	+38.80%
Max Drawdown (1Y) Largest decline over 1 year	-49.34%	-84.89%	+35.55%
Current Drawdown Current decline from peak	-44.57%	-97.68%	+53.11%
Average Drawdown Average peak-to-trough decline	-29.60%	-94.54%	+64.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.74%	43.66%	-20.92%

Volatility

INTW vs. MSTZ - Volatility Comparison

The current volatility for GraniteShares 2x Long INTC Daily ETF (INTW) is 53.00%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 57.19%. This indicates that INTW 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

	INTW	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	53.00%	57.19%	-4.19%
Volatility (6M) Calculated over the trailing 6-month period	123.09%	135.18%	-12.09%
Volatility (1Y) Calculated over the trailing 1-year period	153.27%	148.74%	+4.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	149.36%	171.04%	-21.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	149.36%	171.04%	-21.68%

INTW vs. MSTZ - Expense Ratio Comparison

INTW has a 1.50% expense ratio, which is higher than MSTZ's 1.05% expense ratio.

Dividends

INTW vs. MSTZ - Dividend Comparison

Neither INTW nor MSTZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both INTW and MSTZ in my portfolio?

INTW and MSTZ have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INTW or MSTZ?

MSTZ has higher volatility (57.19%) compared to INTW (53.00%). In terms of maximum drawdown, INTW dropped -60.58% vs MSTZ's -99.38%.

Which ETF is better, INTW or MSTZ?

On 1-year performance, INTW leads with 998.82% vs 266.72% for MSTZ. On fees, MSTZ is cheaper at 1.05% per year. On volatility, INTW has been the lower-risk option at 53.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, INTW or MSTZ?

Over the 1-year period, INTW has performed better with a 998.82% return vs 266.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, INTW or MSTZ?

MSTZ is cheaper with a 1.05% expense ratio, compared with 1.50% for INTW.

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

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

What is the main difference between INTW and MSTZ?

INTW is categorized as Leveraged Equities, while MSTZ is Inverse Equities. They also come from different issuers: GraniteShares and REX. Their fees differ too: 1.50% for INTW and 1.05% for MSTZ.

Which has better risk-adjusted returns?

INTW currently has the higher Sharpe Ratio (6.59 vs 1.81), 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.