MSII vs. IMST
MSII (REX MSTR Growth & Income ETF) and IMST (Bitwise Funds Trust) are both exchange-traded funds - MSII is a Leveraged Equities fund actively managed by REX, while IMST is a Derivative Income fund actively managed by Bitwise. Both are actively managed. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.99% expense ratio.
Performance
MSII vs. IMST - Performance Comparison
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Returns By Period
In the year-to-date period, MSII achieves a -21.10% return, which is significantly lower than IMST's -14.98% return.
MSII
- 1D
- -8.30%
- 1M
- -32.66%
- YTD
- -21.10%
- 6M
- -34.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IMST
- 1D
- -5.79%
- 1M
- -25.22%
- YTD
- -14.98%
- 6M
- -28.07%
- 1Y
- -62.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSII vs. IMST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSII REX MSTR Growth & Income ETF | -21.10% | -60.25% |
IMST Bitwise Funds Trust | -14.98% | -55.09% |
Correlation
The correlation between MSII and IMST is 0.98 - 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 5, 2025 | 0.98 |
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Return for Risk
MSII vs. IMST — Risk / Return Rank
MSII
IMST
MSII vs. IMST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for REX MSTR Growth & Income ETF (MSII) and Bitwise Funds Trust (IMST). 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
| MSII | IMST | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -1.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.97 | -0.80 | -0.17 |
Drawdowns
MSII vs. IMST - Drawdown Comparison
The maximum MSII drawdown since its inception was -78.73%, which is greater than IMST's maximum drawdown of -69.86%. Use the drawdown chart below to compare losses from any high point for MSII and IMST.
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Drawdown Indicators
| MSII | IMST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.73% | -69.86% | -8.87% |
Max Drawdown (1Y)Largest decline over 1 year | — | -69.86% | — |
Current DrawdownCurrent decline from peak | -74.38% | -66.74% | -7.64% |
Average DrawdownAverage peak-to-trough decline | -46.16% | -35.27% | -10.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 46.22% | — |
Volatility
MSII vs. IMST - Volatility Comparison
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Volatility by Period
| MSII | IMST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 14.83% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 44.06% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 71.20% | 56.91% | +14.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.20% | 59.73% | +11.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.20% | 59.73% | +11.47% |
MSII vs. IMST - Expense Ratio Comparison
Both MSII and IMST have an expense ratio of 0.99%.
Dividends
MSII vs. IMST - Dividend Comparison
MSII's dividend yield for the trailing twelve months is around 90.41%, less than IMST's 221.80% yield.
| Position | TTM | 2025 |
|---|---|---|
IMST Bitwise Funds Trust | 221.80% | 195.93% |
MSII REX MSTR Growth & Income ETF | 90.41% | 48.93% |
Frequently Asked Questions
With a correlation of 0.98, MSII and IMST 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.
Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
MSII and IMST have the same expense ratio: 0.99% per year.
IMST has the higher dividend yield at 221.80%, compared with 90.41% for MSII.
MSII is categorized as Leveraged Equities, while IMST is Derivative Income. They also come from different issuers: REX and Bitwise.
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