KGRN vs. MSTZ
KGRN (KraneShares MSCI China Clean Technology Index ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - KGRN is a China Equities fund tracking the MSCI China IMI Environment 10/40 Index, while MSTZ is a Inverse Equities fund actively managed by REX. KGRN is passively managed, while MSTZ is actively managed. Over the past year, KGRN returned -8.93% vs 159.07% for MSTZ. Their -0.27 correlation means they have often moved in opposite directions in the past. KGRN charges 0.79%/yr vs 1.05%/yr for MSTZ.
Performance
KGRN vs. MSTZ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, KGRN achieves a -9.74% return, which is significantly higher than MSTZ's -30.44% return.
KGRN
- 1D
- -1.22%
- 1M
- 4.21%
- 6M
- -10.51%
- YTD
- -9.74%
- 1Y
- -8.93%
- 3Y*
- -6.00%
- 5Y*
- -11.72%
- 10Y*
- —
- ALL TIME*
- 1.06%
MSTZ
- 1D
- 8.95%
- 1M
- 7.38%
- 6M
- -24.16%
- YTD
- -30.44%
- 1Y
- 159.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -86.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $273.80K | $295.76K | $430.09K | |
| $101.73M | $133.33M | $177.41M |
KGRN vs. MSTZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KGRN KraneShares MSCI China Clean Technology Index ETF | -9.74% | 21.45% | 17.17% |
MSTZ T-REX 2X Inverse MSTR Daily Target ETF | -30.44% | -38.95% | -94.43% |
Correlation
The correlation between KGRN and MSTZ is -0.32, 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. | -0.32 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024 | -0.27 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
KGRN vs. MSTZ — Risk / Return Rank
KGRN
MSTZ
KGRN vs. MSTZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares MSCI China Clean Technology Index ETF (KGRN) 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.
| KGRN | MSTZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.81 | ||
| Sortino ratioReturn per unit of downside risk | -2.68 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.28 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.36 | 2.44 | -2.80 |
| Martin ratioReturn relative to average drawdown | -0.71 | 4.53 | -5.25 |
Loading charts...
Drawdowns
KGRN vs. MSTZ - Drawdown Comparison
The maximum KGRN drawdown since its inception was -66.24%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for KGRN and MSTZ.
Loading charts...
Drawdown Indicators
| KGRN | MSTZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.24% | -99.38% | +33.14% |
Max Drawdown (1Y)Largest decline over 1 year | -28.36% | -84.89% | +56.53% |
Max Drawdown (3Y)Largest decline over 3 years | -41.50% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -63.60% | — | — |
Current DrawdownCurrent decline from peak | -52.74% | -97.63% | +44.89% |
Average DrawdownAverage peak-to-trough decline | -34.28% | -94.63% | +60.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.13% | 45.62% | -31.49% |
Volatility
KGRN vs. MSTZ - Volatility Comparison
The current volatility for KraneShares MSCI China Clean Technology Index ETF (KGRN) is 5.44%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 37.86%. This indicates that KGRN 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.
Loading charts...
Volatility by Period
| KGRN | MSTZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 37.86% | -32.42% |
Volatility (6M)Calculated over the trailing 6-month period | 15.54% | 134.52% | -118.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.50% | 150.23% | -126.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.18% | 169.87% | -135.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.69% | 169.87% | -137.18% |
KGRN vs. MSTZ - Expense Ratio Comparison
KGRN has a 0.79% expense ratio, which is lower than MSTZ's 1.05% expense ratio.
Dividends
KGRN vs. MSTZ - Dividend Comparison
KGRN's dividend yield for the trailing twelve months is around 0.95%, while MSTZ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
KGRN KraneShares MSCI China Clean Technology Index ETF | 0.95% | 0.85% | 1.49% | 0.74% | 1.98% | 0.41% | 0.01% | 5.88% | 2.04% |
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% |
Frequently Asked Questions
KGRN and MSTZ have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTZ has higher volatility (37.86%) compared to KGRN (5.44%). In terms of maximum drawdown, KGRN dropped -66.24% vs MSTZ's -99.38%.
On 1-year performance, MSTZ leads with 159.07% vs -8.93% for KGRN. On fees, KGRN is cheaper at 0.79% per year. On volatility, KGRN has been the lower-risk option at 5.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MSTZ has performed better with a 159.07% return vs -8.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KGRN is cheaper with a 0.79% expense ratio, compared with 1.05% for MSTZ.
KGRN has the higher dividend yield at 0.95%, compared with 0.00% for MSTZ.
KGRN is categorized as China Equities, while MSTZ is Inverse Equities. They also come from different issuers: CICC and REX. Their fees differ too: 0.79% for KGRN and 1.05% for MSTZ.
MSTZ currently has the higher Sharpe Ratio (1.38 vs -0.43), 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.
Find the right allocation for KGRN and MSTZ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer