MSDD vs. MSTZ
MSDD (GraniteShares 2x Short MSTR Daily ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both Inverse Equities funds. Both are actively managed. With a 1.00 correlation, they move nearly in lockstep. MSDD charges 1.50%/yr vs 1.05%/yr for MSTZ.
Performance
MSDD vs. MSTZ - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with MSDD having a -47.16% return and MSTZ slightly higher at -46.88%.
MSDD
- 1D
- 13.67%
- 1M
- 85.18%
- YTD
- -47.16%
- 6M
- -24.30%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTZ
- 1D
- 14.02%
- 1M
- 86.49%
- YTD
- -46.88%
- 6M
- -23.06%
- 1Y
- 94.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSDD vs. MSTZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSDD GraniteShares 2x Short MSTR Daily ETF | -47.16% | 271.43% |
MSTZ T-REX 2X Inverse MSTR Daily Target ETF | -46.88% | 277.34% |
Correlation
The correlation between MSDD and MSTZ is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 11, 2025 | 1.00 |
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Return for Risk
MSDD vs. MSTZ — Risk / Return Rank
MSDD
MSTZ
MSDD vs. MSTZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short MSTR Daily ETF (MSDD) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| MSDD | MSTZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | -0.53 | +1.24 |
Drawdowns
MSDD vs. MSTZ - Drawdown Comparison
The maximum MSDD drawdown since its inception was -84.91%, smaller than the maximum MSTZ drawdown of -99.36%. Use the drawdown chart below to compare losses from any high point for MSDD and MSTZ.
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Drawdown Indicators
| MSDD | MSTZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.91% | -99.36% | +14.45% |
Max Drawdown (1Y)Largest decline over 1 year | — | -84.89% | — |
Current DrawdownCurrent decline from peak | -67.67% | -98.14% | +30.47% |
Average DrawdownAverage peak-to-trough decline | -29.42% | -94.39% | +64.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 40.30% | — |
Volatility
MSDD vs. MSTZ - Volatility Comparison
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Volatility by Period
| MSDD | MSTZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 37.49% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 125.82% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 141.56% | 140.34% | +1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 141.56% | 170.37% | -28.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 141.56% | 170.37% | -28.81% |
MSDD vs. MSTZ - Expense Ratio Comparison
MSDD has a 1.50% expense ratio, which is higher than MSTZ's 1.05% expense ratio.
Dividends
MSDD vs. MSTZ - Dividend Comparison
Neither MSDD nor MSTZ has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 1.00, MSDD and MSTZ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, MSTZ is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MSTZ is cheaper with a 1.05% expense ratio, compared with 1.50% for MSDD.
MSDD and MSTZ have nearly identical dividend yields, around 0.00%.
They also come from different issuers: GraniteShares and REX. Their fees differ too: 1.50% for MSDD and 1.05% for MSTZ.
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