MKOR vs. MSTZ

Last updated Jun 26, 2026

MKOR (Matthews Korea Active ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - MKOR is a Asia Pacific Equities fund actively managed by Matthews, while MSTZ is a Inverse Equities fund actively managed by REX. Both are actively managed. Over the past year, MKOR returned 139.15% vs 279.21% for MSTZ. At a correlation of -0.36, they often move in opposite directions. MKOR charges 0.79%/yr vs 1.05%/yr for MSTZ.

Performance

MKOR vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matthews Korea Active ETF (MKOR) 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, MKOR achieves a 90.76% return, which is significantly higher than MSTZ's 1.05% return.

MKOR

• 1D: 2.68%
• 1M: -1.16%
• YTD: 90.76%
• 6M: 95.59%
• 1Y: 139.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSTZ

• 1D: 19.27%
• 1M: 186.45%
• YTD: 1.05%
• 6M: 9.89%
• 1Y: 279.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MKOR vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MKOR Matthews Korea Active ETF	90.76%	70.33%	-14.71%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	1.05%	-38.95%	-94.43%

Correlation

The correlation between MKOR and MSTZ is -0.43, 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	-0.43
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	-0.36

Return for Risk

MKOR vs. MSTZ — Risk / Return Rank

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

MKOR

MKOR Risk / Return Rank: 93
MKOR Sharpe Ratio Rank: 95
MKOR Sortino Ratio Rank: 88
MKOR Omega Ratio Rank: 91
MKOR Calmar Ratio Rank: 95
MKOR Martin Ratio Rank: 95

MSTZ

MSTZ Risk / Return Rank: 62
MSTZ Sharpe Ratio Rank: 69
MSTZ Sortino Ratio Rank: 60
MSTZ Omega Ratio Rank: 59
MSTZ Calmar Ratio Rank: 74
MSTZ Martin Ratio Rank: 45

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.

MKOR vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matthews Korea Active ETF (MKOR) 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.

	MKOR	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	3.35	1.93	+1.41
Sortino ratio: Return per unit of downside risk	3.50	2.48	+1.02
Omega ratio: Gain probability vs. loss probability	1.51	1.32	+0.20
Calmar ratio: Return relative to maximum drawdown	6.79	3.31	+3.48
Martin ratio: Return relative to average drawdown	24.50	6.57	+17.93

MKOR vs. MSTZ - Sharpe Ratio Comparison

The current MKOR Sharpe Ratio is 3.35, which is higher than the MSTZ Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of MKOR 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

MKOR vs. MSTZ - Drawdown Comparison

The maximum MKOR drawdown since its inception was -22.09%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for MKOR and MSTZ.

Drawdown Indicators

	MKOR	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-22.09%	-99.38%	+77.29%
Max Drawdown (1Y) Largest decline over 1 year	-20.62%	-84.89%	+64.27%
Current Drawdown Current decline from peak	-7.46%	-96.56%	+89.10%
Average Drawdown Average peak-to-trough decline	-6.28%	-94.46%	+88.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.70%	42.70%	-37.00%

Volatility

MKOR vs. MSTZ - Volatility Comparison

The current volatility for Matthews Korea Active ETF (MKOR) is 21.99%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 46.08%. This indicates that MKOR 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

	MKOR	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.99%	46.08%	-24.09%
Volatility (6M) Calculated over the trailing 6-month period	39.05%	129.73%	-90.68%
Volatility (1Y) Calculated over the trailing 1-year period	41.85%	145.84%	-103.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.29%	170.65%	-141.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.29%	170.65%	-141.36%

MKOR vs. MSTZ - Expense Ratio Comparison

MKOR has a 0.79% expense ratio, which is lower than MSTZ's 1.05% expense ratio.

Dividends

MKOR vs. MSTZ - Dividend Comparison

MKOR's dividend yield for the trailing twelve months is around 1.38%, while MSTZ has not paid dividends to shareholders.

Position	TTM	2025	2024
MKOR Matthews Korea Active ETF	1.38%	2.62%	5.28%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MKOR and MSTZ in my portfolio?

MKOR and MSTZ have a correlation of -0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MKOR or MSTZ?

MSTZ has higher volatility (46.08%) compared to MKOR (21.99%). In terms of maximum drawdown, MKOR dropped -22.09% vs MSTZ's -99.38%.

Which ETF is better, MKOR or MSTZ?

On 1-year performance, MSTZ leads with 279.21% vs 139.15% for MKOR. On fees, MKOR is cheaper at 0.79% per year. On volatility, MKOR has been the lower-risk option at 21.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MKOR or MSTZ?

Over the 1-year period, MSTZ has performed better with a 279.21% return vs 139.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MKOR or MSTZ?

MKOR is cheaper with a 0.79% expense ratio, compared with 1.05% for MSTZ.

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

MKOR has the higher dividend yield at 1.38%, compared with 0.00% for MSTZ.

What is the main difference between MKOR and MSTZ?

MKOR is categorized as Asia Pacific Equities, while MSTZ is Inverse Equities. They also come from different issuers: Matthews and REX. Their fees differ too: 0.79% for MKOR and 1.05% for MSTZ.

Which has better risk-adjusted returns?

MKOR currently has the higher Sharpe Ratio (3.35 vs 1.93), 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.