MOAT vs. MSTZ

Last updated Aug 2, 2026

MOAT (VanEck Morningstar Wide Moat ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - MOAT is a Large Cap Blend Equities fund tracking the Morningstar Wide Moat Focus Index, while MSTZ is a Inverse Equities fund actively managed by REX. MOAT is passively managed, while MSTZ is actively managed. Over the past year, MOAT returned 14.29% vs 159.07% for MSTZ. Their -0.32 correlation means they have often moved in opposite directions in the past. MOAT charges 0.47%/yr vs 1.05%/yr for MSTZ.

Performance

MOAT vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Morningstar Wide Moat ETF (MOAT) 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, MOAT achieves a 4.36% return, which is significantly higher than MSTZ's -30.44% return.

MOAT

• 1D: 0.23%
• 1M: 1.68%
• 6M: 3.18%
• YTD: 4.36%
• 1Y: 14.29%
• 3Y*: 10.60%
• 5Y*: 8.70%
• 10Y*: 13.65%
• ALL TIME*: 13.81%

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)
MOAT VanEck Morningstar Wide Moat ETF	$65.74M	$67.48M	$82.03M
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	$101.73M	$133.33M	$177.41M

MOAT vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MOAT VanEck Morningstar Wide Moat ETF	4.36%	13.20%	-0.74%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-30.44%	-38.95%	-94.43%

Correlation

The correlation between MOAT and MSTZ is -0.36, 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.	-0.36
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	-0.32

Return for Risk

MOAT vs. MSTZ — Risk / Return Rank

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

MOAT

MOAT Risk / Return Rank: 35
MOAT Sharpe Ratio Rank: 38
MOAT Sortino Ratio Rank: 38
MOAT Omega Ratio Rank: 35
MOAT Calmar Ratio Rank: 32
MOAT Martin Ratio Rank: 33

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.

MOAT vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Wide Moat ETF (MOAT) 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.

	MOAT	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	0.95	1.38	-0.43
Sortino ratio: Return per unit of downside risk	1.44	2.22	-0.78
Omega ratio: Gain probability vs. loss probability	1.16	1.28	-0.12
Calmar ratio: Return relative to maximum drawdown	1.06	2.44	-1.38
Martin ratio: Return relative to average drawdown	3.17	4.53	-1.36

MOAT vs. MSTZ - Sharpe Ratio Comparison

The current MOAT Sharpe Ratio is 0.95, which is lower than the MSTZ Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of MOAT 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

MOAT vs. MSTZ - Drawdown Comparison

The maximum MOAT drawdown since its inception was -33.31%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for MOAT and MSTZ.

Drawdown Indicators

	MOAT	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-33.31%	-99.38%	+66.07%
Max Drawdown (1Y) Largest decline over 1 year	-12.43%	-84.89%	+72.46%
Max Drawdown (3Y) Largest decline over 3 years	-21.44%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.96%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.31%	—	—
Current Drawdown Current decline from peak	-0.06%	-97.63%	+97.57%
Average Drawdown Average peak-to-trough decline	-3.82%	-94.63%	+90.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.16%	45.62%	-41.46%

Volatility

MOAT vs. MSTZ - Volatility Comparison

The current volatility for VanEck Morningstar Wide Moat ETF (MOAT) is 4.00%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 37.86%. This indicates that MOAT 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

	MOAT	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.00%	37.86%	-33.86%
Volatility (6M) Calculated over the trailing 6-month period	10.47%	134.52%	-124.05%
Volatility (1Y) Calculated over the trailing 1-year period	14.04%	150.23%	-136.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.29%	169.87%	-151.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.62%	169.87%	-151.25%

MOAT vs. MSTZ - Expense Ratio Comparison

MOAT has a 0.47% expense ratio, which is lower than MSTZ's 1.05% expense ratio.

Dividends

MOAT vs. MSTZ - Dividend Comparison

MOAT's dividend yield for the trailing twelve months is around 1.30%, while MSTZ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MOAT VanEck Morningstar Wide Moat ETF	1.30%	1.36%	1.37%	0.86%	1.25%	1.08%	1.46%	1.31%	1.79%	1.07%	1.17%	2.13%
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

Can I hold both MOAT and MSTZ in my portfolio?

MOAT and MSTZ have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MOAT or MSTZ?

MSTZ has higher volatility (37.86%) compared to MOAT (4.00%). In terms of maximum drawdown, MOAT dropped -33.31% vs MSTZ's -99.38%.

Which ETF is better, MOAT or MSTZ?

On 1-year performance, MSTZ leads with 159.07% vs 14.29% for MOAT. On fees, MOAT is cheaper at 0.47% per year. On volatility, MOAT has been the lower-risk option at 4.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MOAT or MSTZ?

Over the 1-year period, MSTZ has performed better with a 159.07% return vs 14.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MOAT or MSTZ?

MOAT is cheaper with a 0.47% expense ratio, compared with 1.05% for MSTZ.

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

MOAT has the higher dividend yield at 1.30%, compared with 0.00% for MSTZ.

What is the main difference between MOAT and MSTZ?

MOAT is categorized as Large Cap Blend Equities, while MSTZ is Inverse Equities. They also come from different issuers: VanEck and REX. Their fees differ too: 0.47% for MOAT and 1.05% for MSTZ.

Which has better risk-adjusted returns?

MSTZ currently has the higher Sharpe Ratio (1.38 vs 0.95), 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.