MSII vs. CEPI

Last updated Jun 4, 2026

MSII (REX MSTR Growth & Income ETF) and CEPI (REX Crypto Equity Premium Income ETF) are both exchange-traded funds - MSII is a Leveraged Equities fund actively managed by REX, while CEPI is a Cryptocurrency fund actively managed by REX. Both are actively managed. A 0.71 correlation means they provide meaningful diversification when combined. MSII charges 0.99%/yr vs 0.85%/yr for CEPI.

Performance

MSII vs. CEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX MSTR Growth & Income ETF (MSII) and REX Crypto Equity Premium Income ETF (CEPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSII achieves a -21.10% return, which is significantly lower than CEPI's 20.71% return.

MSII

• 1D: -8.30%
• 1M: -32.66%
• YTD: -21.10%
• 6M: -34.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CEPI

• 1D: -1.35%
• 1M: 7.21%
• YTD: 20.71%
• 6M: 18.40%
• 1Y: 34.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSII vs. CEPI - Yearly Performance Comparison

	2026 (YTD)	2025
MSII REX MSTR Growth & Income ETF	-21.10%	-60.25%
CEPI REX Crypto Equity Premium Income ETF	20.71%	10.24%

Correlation

The correlation between MSII and CEPI is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	0.71

Return for Risk

MSII vs. CEPI — Risk / Return Rank

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

CEPI

CEPI Risk / Return Rank: 32
CEPI Sharpe Ratio Rank: 35
CEPI Sortino Ratio Rank: 33
CEPI Omega Ratio Rank: 36
CEPI Calmar Ratio Rank: 31
CEPI Martin Ratio Rank: 26

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.

MSII vs. CEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX MSTR Growth & Income ETF (MSII) and REX Crypto Equity Premium Income ETF (CEPI). 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.

Sharpe Ratios by Period

	MSII	CEPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.28	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.97	0.45	-1.42

Drawdowns

MSII vs. CEPI - Drawdown Comparison

The maximum MSII drawdown since its inception was -78.73%, which is greater than CEPI's maximum drawdown of -29.48%. Use the drawdown chart below to compare losses from any high point for MSII and CEPI.

Drawdown Indicators

	MSII	CEPI	Difference
Max Drawdown Largest peak-to-trough decline	-78.73%	-29.48%	-49.25%
Max Drawdown (1Y) Largest decline over 1 year	—	-22.47%	—
Current Drawdown Current decline from peak	-74.38%	-2.08%	-72.30%
Average Drawdown Average peak-to-trough decline	-46.16%	-8.65%	-37.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.43%	—

Volatility

Volatility by Period

	MSII	CEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.92%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	71.20%	26.79%	+44.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.20%	31.57%	+39.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.20%	31.57%	+39.63%

MSII vs. CEPI - Expense Ratio Comparison

MSII has a 0.99% expense ratio, which is higher than CEPI's 0.85% expense ratio.

Dividends

MSII vs. CEPI - Dividend Comparison

MSII's dividend yield for the trailing twelve months is around 90.41%, more than CEPI's 42.71% yield.

Position	TTM	2025
CEPI REX Crypto Equity Premium Income ETF	42.71%	50.78%
MSII REX MSTR Growth & Income ETF	90.41%	48.93%

Frequently Asked Questions

Can I hold both MSII and CEPI in my portfolio?

MSII and CEPI have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSII or CEPI?

On fees, CEPI is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MSII or CEPI?

CEPI is cheaper with a 0.85% expense ratio, compared with 0.99% for MSII.

Which ETF pays a higher dividend yield, MSII or CEPI?

MSII has the higher dividend yield at 90.41%, compared with 42.71% for CEPI.

What is the main difference between MSII and CEPI?

MSII is categorized as Leveraged Equities, while CEPI is Cryptocurrency. Their fees differ too: 0.99% for MSII and 0.85% for CEPI.