MSII vs. MSTZ

Last updated Jun 24, 2026

MSII (REX MSTR Growth & Income ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - MSII is a Leveraged Equities fund actively managed by REX, while MSTZ is a Inverse Equities fund actively managed by REX. Both are actively managed. Over the past year, MSII returned -70.57% vs 138.79% for MSTZ. At a correlation of -0.96, they often move in opposite directions. MSII charges 0.99%/yr vs 1.05%/yr for MSTZ.

Performance

MSII vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX MSTR Growth & Income ETF (MSII) and T-REX 2X Inverse MSTR Daily Target ETF (MSTZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with MSII having a -28.10% return and MSTZ slightly lower at -28.57%.

MSII

• 1D: 0.00%
• 1M: -30.37%
• YTD: -28.10%
• 6M: -30.19%
• 1Y: -70.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSTZ

• 1D: 10.06%
• 1M: 102.15%
• YTD: -28.57%
• 6M: -23.10%
• 1Y: 138.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSII vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025
MSII REX MSTR Growth & Income ETF	-28.10%	-61.03%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-28.57%	265.67%

Correlation

The correlation between MSII and MSTZ is -0.96, 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	-0.96
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025	-0.96

The correlation between MSII and MSTZ has been stable across timeframes, ranging from -0.96 to -0.96 - a consistent structural relationship.

Return for Risk

MSII vs. MSTZ — Risk / Return Rank

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

MSII

MSII Risk / Return Rank: 1
MSII Sharpe Ratio Rank: 1
MSII Sortino Ratio Rank: 1
MSII Omega Ratio Rank: 1
MSII Calmar Ratio Rank: 1
MSII Martin Ratio Rank: 3

MSTZ

MSTZ Risk / Return Rank: 34
MSTZ Sharpe Ratio Rank: 28
MSTZ Sortino Ratio Rank: 41
MSTZ Omega Ratio Rank: 40
MSTZ Calmar Ratio Rank: 35
MSTZ 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. MSTZ - Risk-Adjusted Trends Comparison

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

	MSII	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.98	0.97	-1.95
Sortino ratio: Return per unit of downside risk	-1.76	1.98	-3.74
Omega ratio: Gain probability vs. loss probability	0.79	1.25	-0.46
Calmar ratio: Return relative to maximum drawdown	-0.90	1.64	-2.54
Martin ratio: Return relative to average drawdown	-1.28	3.27	-4.55

MSII vs. MSTZ - Sharpe Ratio Comparison

The current MSII Sharpe Ratio is -0.98, which is lower than the MSTZ Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of MSII 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

MSII vs. MSTZ - Drawdown Comparison

The maximum MSII drawdown since its inception was -78.73%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for MSII and MSTZ.

Drawdown Indicators

	MSII	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-78.73%	-99.38%	+20.65%
Max Drawdown (1Y) Largest decline over 1 year	-78.73%	-84.89%	+6.16%
Current Drawdown Current decline from peak	-76.65%	-97.57%	+20.92%
Average Drawdown Average peak-to-trough decline	-47.49%	-94.45%	+46.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	55.34%	42.87%	+12.47%

Volatility

MSII vs. MSTZ - Volatility Comparison

The current volatility for REX MSTR Growth & Income ETF (MSII) is 21.17%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 42.31%. This indicates that MSII 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

	MSII	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.17%	42.31%	-21.14%
Volatility (6M) Calculated over the trailing 6-month period	56.72%	127.64%	-70.92%
Volatility (1Y) Calculated over the trailing 1-year period	71.96%	143.71%	-71.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.62%	169.81%	-99.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.62%	169.81%	-99.19%

MSII vs. MSTZ - Expense Ratio Comparison

MSII has a 0.99% expense ratio, which is lower than MSTZ's 1.05% expense ratio.

Dividends

MSII vs. MSTZ - Dividend Comparison

MSII's dividend yield for the trailing twelve months is around 97.58%, while MSTZ has not paid dividends to shareholders.

Position	TTM	2025
MSII REX MSTR Growth & Income ETF	97.58%	48.93%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both MSII and MSTZ in my portfolio?

MSII and MSTZ have a correlation of -0.96, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSII or MSTZ?

MSTZ has higher volatility (42.31%) compared to MSII (21.17%). In terms of maximum drawdown, MSII dropped -78.73% vs MSTZ's -99.38%.

Which ETF is better, MSII or MSTZ?

On 1-year performance, MSTZ leads with 138.79% vs -70.57% for MSII. On fees, MSII is cheaper at 0.99% per year. On volatility, MSII has been the lower-risk option at 21.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSII or MSTZ?

Over the 1-year period, MSTZ has performed better with a 138.79% return vs -70.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSII or MSTZ?

MSII is cheaper with a 0.99% expense ratio, compared with 1.05% for MSTZ.

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

MSII has the higher dividend yield at 97.58%, compared with 0.00% for MSTZ.

What is the main difference between MSII and MSTZ?

MSII is categorized as Leveraged Equities, while MSTZ is Inverse Equities. Their fees differ too: 0.99% for MSII and 1.05% for MSTZ.

Which has better risk-adjusted returns?

MSTZ currently has the higher Sharpe Ratio (0.97 vs -0.98), 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.