JULT vs. MSTZ

Last updated Aug 2, 2026

JULT (AllianzIM U.S. Large Cap Buffer10 Jul ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - JULT is a Options Trading fund actively managed by Allianz, while MSTZ is a Inverse Equities fund actively managed by REX. Both are actively managed. Over the past year, JULT returned 14.13% vs 159.07% for MSTZ. Their -0.43 correlation means they have often moved in opposite directions in the past. JULT charges 0.74%/yr vs 1.05%/yr for MSTZ.

Performance

JULT vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Large Cap Buffer10 Jul ETF (JULT) 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, JULT achieves a 6.69% return, which is significantly higher than MSTZ's -30.44% return.

JULT

• 1D: 0.48%
• 1M: 0.40%
• 6M: 5.80%
• YTD: 6.69%
• 1Y: 14.13%
• 3Y*: 14.12%
• 5Y*: 11.27%
• 10Y*: —
• ALL TIME*: 11.89%

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)
JULT AllianzIM U.S. Large Cap Buffer10 Jul ETF	$809.92K	$2.14M	$1.31M
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	$101.73M	$133.33M	$177.41M

JULT vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JULT AllianzIM U.S. Large Cap Buffer10 Jul ETF	6.69%	13.73%	3.54%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-30.44%	-38.95%	-94.43%

Correlation

The correlation between JULT and MSTZ is -0.46, 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.	-0.46
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	-0.43

Return for Risk

JULT vs. MSTZ — Risk / Return Rank

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

JULT

JULT Risk / Return Rank: 81
JULT Sharpe Ratio Rank: 80
JULT Sortino Ratio Rank: 82
JULT Omega Ratio Rank: 85
JULT Calmar Ratio Rank: 71
JULT Martin Ratio Rank: 88

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.

JULT vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap Buffer10 Jul ETF (JULT) 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.

	JULT	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	1.86	1.38	+0.48
Sortino ratio: Return per unit of downside risk	2.70	2.22	+0.49
Omega ratio: Gain probability vs. loss probability	1.37	1.28	+0.09
Calmar ratio: Return relative to maximum drawdown	2.51	2.44	+0.06
Martin ratio: Return relative to average drawdown	13.26	4.53	+8.72

JULT vs. MSTZ - Sharpe Ratio Comparison

The current JULT Sharpe Ratio is 1.86, which is higher than the MSTZ Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of JULT 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

JULT vs. MSTZ - Drawdown Comparison

The maximum JULT drawdown since its inception was -13.57%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for JULT and MSTZ.

Drawdown Indicators

	JULT	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-13.57%	-99.38%	+85.81%
Max Drawdown (1Y) Largest decline over 1 year	-5.22%	-84.89%	+79.67%
Max Drawdown (3Y) Largest decline over 3 years	-13.57%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.57%	—	—
Current Drawdown Current decline from peak	-0.46%	-97.63%	+97.17%
Average Drawdown Average peak-to-trough decline	-1.74%	-94.63%	+92.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.99%	45.62%	-44.63%

Volatility

JULT vs. MSTZ - Volatility Comparison

The current volatility for AllianzIM U.S. Large Cap Buffer10 Jul ETF (JULT) is 2.29%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 37.86%. This indicates that JULT 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

	JULT	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.29%	37.86%	-35.57%
Volatility (6M) Calculated over the trailing 6-month period	5.43%	134.52%	-129.09%
Volatility (1Y) Calculated over the trailing 1-year period	7.04%	150.23%	-143.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.01%	169.87%	-158.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.39%	169.87%	-159.48%

JULT vs. MSTZ - Expense Ratio Comparison

JULT has a 0.74% expense ratio, which is lower than MSTZ's 1.05% expense ratio.

Dividends

JULT vs. MSTZ - Dividend Comparison

Neither JULT nor MSTZ has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
JULT AllianzIM U.S. Large Cap Buffer10 Jul ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.86%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JULT and MSTZ in my portfolio?

JULT and MSTZ have a correlation of -0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JULT or MSTZ?

MSTZ has higher volatility (37.86%) compared to JULT (2.29%). In terms of maximum drawdown, JULT dropped -13.57% vs MSTZ's -99.38%.

Which ETF is better, JULT or MSTZ?

On 1-year performance, MSTZ leads with 159.07% vs 14.13% for JULT. On fees, JULT is cheaper at 0.74% per year. On volatility, JULT has been the lower-risk option at 2.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JULT or MSTZ?

Over the 1-year period, MSTZ has performed better with a 159.07% return vs 14.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JULT or MSTZ?

JULT is cheaper with a 0.74% expense ratio, compared with 1.05% for MSTZ.

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

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

What is the main difference between JULT and MSTZ?

JULT is categorized as Options Trading, while MSTZ is Inverse Equities. They also come from different issuers: Allianz and REX. Their fees differ too: 0.74% for JULT and 1.05% for MSTZ.

Which has better risk-adjusted returns?

JULT currently has the higher Sharpe Ratio (1.86 vs 1.38), 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.