LCF vs. MSTZ

Last updated Aug 2, 2026

LCF (Touchstone US Large Cap Focused ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - LCF is a Large Cap Blend Equities fund actively managed by Touchstone, while MSTZ is a Inverse Equities fund actively managed by REX. Both are actively managed. Over the past year, LCF returned 16.71% vs 159.07% for MSTZ. Their -0.44 correlation means they have often moved in opposite directions in the past. LCF charges 0.70%/yr vs 1.05%/yr for MSTZ.

Performance

LCF vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Touchstone US Large Cap Focused ETF (LCF) 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, LCF achieves a 6.49% return, which is significantly higher than MSTZ's -30.44% return.

LCF

• 1D: 1.59%
• 1M: 3.00%
• 6M: 5.38%
• YTD: 6.49%
• 1Y: 16.71%
• 3Y*: 15.99%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.99%

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)
LCF Touchstone US Large Cap Focused ETF	$28.58K	$30.07K	$168.21K
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	$101.73M	$133.33M	$177.41M

LCF vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LCF Touchstone US Large Cap Focused ETF	6.49%	17.20%	4.44%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-30.44%	-38.95%	-94.43%

Correlation

The correlation between LCF and MSTZ is -0.48, 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.	-0.48
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	-0.44

Return for Risk

LCF vs. MSTZ — Risk / Return Rank

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

LCF

LCF Risk / Return Rank: 41
LCF Sharpe Ratio Rank: 44
LCF Sortino Ratio Rank: 42
LCF Omega Ratio Rank: 41
LCF Calmar Ratio Rank: 36
LCF Martin Ratio Rank: 43

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.

LCF vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Touchstone US Large Cap Focused ETF (LCF) 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.

	LCF	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	1.11	1.38	-0.27
Sortino ratio: Return per unit of downside risk	1.58	2.22	-0.63
Omega ratio: Gain probability vs. loss probability	1.19	1.28	-0.09
Calmar ratio: Return relative to maximum drawdown	1.23	2.44	-1.21
Martin ratio: Return relative to average drawdown	4.75	4.53	+0.22

LCF vs. MSTZ - Sharpe Ratio Comparison

The current LCF Sharpe Ratio is 1.11, which is comparable to the MSTZ Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of LCF 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

LCF vs. MSTZ - Drawdown Comparison

The maximum LCF drawdown since its inception was -18.28%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for LCF and MSTZ.

Drawdown Indicators

	LCF	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-18.28%	-99.38%	+81.10%
Max Drawdown (1Y) Largest decline over 1 year	-11.67%	-84.89%	+73.22%
Max Drawdown (3Y) Largest decline over 3 years	-18.28%	—	—
Current Drawdown Current decline from peak	0.00%	-97.63%	+97.63%
Average Drawdown Average peak-to-trough decline	-2.80%	-94.63%	+91.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	45.62%	-42.59%

Volatility

LCF vs. MSTZ - Volatility Comparison

The current volatility for Touchstone US Large Cap Focused ETF (LCF) is 4.32%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 37.86%. This indicates that LCF 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

	LCF	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.32%	37.86%	-33.54%
Volatility (6M) Calculated over the trailing 6-month period	10.39%	134.52%	-124.13%
Volatility (1Y) Calculated over the trailing 1-year period	13.01%	150.23%	-137.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.47%	169.87%	-154.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.47%	169.87%	-154.40%

LCF vs. MSTZ - Expense Ratio Comparison

LCF has a 0.70% expense ratio, which is lower than MSTZ's 1.05% expense ratio.

Dividends

LCF vs. MSTZ - Dividend Comparison

LCF's dividend yield for the trailing twelve months is around 0.51%, while MSTZ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
LCF Touchstone US Large Cap Focused ETF	0.51%	0.55%	0.63%	0.71%	0.24%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LCF and MSTZ in my portfolio?

LCF and MSTZ have a correlation of -0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LCF or MSTZ?

MSTZ has higher volatility (37.86%) compared to LCF (4.32%). In terms of maximum drawdown, LCF dropped -18.28% vs MSTZ's -99.38%.

Which ETF is better, LCF or MSTZ?

On 1-year performance, MSTZ leads with 159.07% vs 16.71% for LCF. On fees, LCF is cheaper at 0.70% per year. On volatility, LCF has been the lower-risk option at 4.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LCF or MSTZ?

Over the 1-year period, MSTZ has performed better with a 159.07% return vs 16.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LCF or MSTZ?

LCF is cheaper with a 0.70% expense ratio, compared with 1.05% for MSTZ.

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

LCF has the higher dividend yield at 0.51%, compared with 0.00% for MSTZ.

What is the main difference between LCF and MSTZ?

LCF is categorized as Large Cap Blend Equities, while MSTZ is Inverse Equities. They also come from different issuers: Touchstone and REX. Their fees differ too: 0.70% for LCF and 1.05% for MSTZ.

Which has better risk-adjusted returns?

MSTZ currently has the higher Sharpe Ratio (1.38 vs 1.11), 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.