MCHI vs. MSTZ
MCHI (iShares MSCI China ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - MCHI is a China Equities fund tracking the MSCI China Index, while MSTZ is a Inverse Equities fund actively managed by REX. MCHI is passively managed, while MSTZ is actively managed. Over the past year, MCHI returned 0.60% vs 159.07% for MSTZ. Their -0.30 correlation means they have often moved in opposite directions in the past. MCHI charges 0.59%/yr vs 1.05%/yr for MSTZ.
Performance
MCHI vs. MSTZ - Performance Comparison
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Returns By Period
In the year-to-date period, MCHI achieves a -6.49% return, which is significantly higher than MSTZ's -30.44% return.
MCHI
- 1D
- 0.54%
- 1M
- 9.61%
- 6M
- -9.98%
- YTD
- -6.49%
- 1Y
- 0.60%
- 3Y*
- 7.33%
- 5Y*
- -2.80%
- 10Y*
- 4.22%
- ALL TIME*
- 2.49%
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) |
|---|---|---|---|
| $148.99M | $159.51M | $173.67M | |
| $101.73M | $133.33M | $177.41M |
MCHI vs. MSTZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MCHI iShares MSCI China ETF | -6.49% | 31.04% | 15.16% |
MSTZ T-REX 2X Inverse MSTR Daily Target ETF | -30.44% | -38.95% | -94.43% |
Correlation
The correlation between MCHI and MSTZ is -0.35, 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. | -0.35 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024 | -0.30 |
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Return for Risk
MCHI vs. MSTZ — Risk / Return Rank
MCHI
MSTZ
MCHI vs. MSTZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China ETF (MCHI) 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.
| MCHI | MSTZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.43 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.28 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 2.44 | -2.48 |
| Martin ratioReturn relative to average drawdown | -0.09 | 4.53 | -4.62 |
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Drawdowns
MCHI vs. MSTZ - Drawdown Comparison
The maximum MCHI drawdown since its inception was -62.95%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for MCHI and MSTZ.
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Drawdown Indicators
| MCHI | MSTZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.95% | -99.38% | +36.43% |
Max Drawdown (1Y)Largest decline over 1 year | -23.22% | -84.89% | +61.67% |
Max Drawdown (3Y)Largest decline over 3 years | -25.35% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -51.41% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -62.95% | — | — |
Current DrawdownCurrent decline from peak | -36.24% | -97.63% | +61.39% |
Average DrawdownAverage peak-to-trough decline | -24.67% | -94.63% | +69.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.26% | 45.62% | -34.36% |
Volatility
MCHI vs. MSTZ - Volatility Comparison
The current volatility for iShares MSCI China ETF (MCHI) is 5.57%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 37.86%. This indicates that MCHI 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.
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Volatility by Period
| MCHI | MSTZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.57% | 37.86% | -32.29% |
Volatility (6M)Calculated over the trailing 6-month period | 14.73% | 134.52% | -119.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.62% | 150.23% | -129.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.41% | 169.87% | -139.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.35% | 169.87% | -142.52% |
MCHI vs. MSTZ - Expense Ratio Comparison
MCHI has a 0.59% expense ratio, which is lower than MSTZ's 1.05% expense ratio.
Dividends
MCHI vs. MSTZ - Dividend Comparison
MCHI's dividend yield for the trailing twelve months is around 1.96%, while MSTZ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCHI iShares MSCI China ETF | 1.96% | 2.12% | 2.31% | 2.66% | 1.78% | 1.04% | 1.04% | 1.45% | 1.60% | 1.56% | 1.66% | 2.76% |
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% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MCHI and MSTZ have a correlation of -0.35, 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 MCHI (5.57%). In terms of maximum drawdown, MCHI dropped -62.95% vs MSTZ's -99.38%.
On 1-year performance, MSTZ leads with 159.07% vs 0.60% for MCHI. On fees, MCHI is cheaper at 0.59% per year. On volatility, MCHI has been the lower-risk option at 5.57%. 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 0.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MCHI is cheaper with a 0.59% expense ratio, compared with 1.05% for MSTZ.
MCHI has the higher dividend yield at 1.96%, compared with 0.00% for MSTZ.
MCHI is categorized as China Equities, while MSTZ is Inverse Equities. They also come from different issuers: iShares and REX. Their fees differ too: 0.59% for MCHI and 1.05% for MSTZ.
MSTZ currently has the higher Sharpe Ratio (1.38 vs -0.05), 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.
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