MSOX vs. MSTZ

Last updated Aug 2, 2026

MSOX (Advisorshares Msos 2x Daily ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - MSOX is a Leveraged Equities fund actively managed by AdvisorShares, while MSTZ is a Inverse Equities fund actively managed by REX. Both are actively managed. Over the past year, MSOX returned -44.33% vs 159.07% for MSTZ. Their -0.19 correlation means they have often moved in opposite directions in the past. MSOX charges 0.95%/yr vs 1.05%/yr for MSTZ.

Performance

MSOX vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Advisorshares Msos 2x Daily ETF (MSOX) 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, MSOX achieves a -49.55% return, which is significantly lower than MSTZ's -30.44% return.

MSOX

• 1D: 0.44%
• 1M: -27.56%
• 6M: -30.25%
• YTD: -49.55%
• 1Y: -44.33%
• 3Y*: -66.81%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -74.69%

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)
MSOX Advisorshares Msos 2x Daily ETF	$3.60M	$4.46M	$7.39M
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	$101.73M	$133.33M	$177.41M

MSOX vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MSOX Advisorshares Msos 2x Daily ETF	-49.55%	-51.20%	-79.23%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-30.44%	-38.95%	-94.43%

Correlation

The correlation between MSOX and MSTZ is -0.29, 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.	-0.29
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	-0.19

Return for Risk

MSOX vs. MSTZ — Risk / Return Rank

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

MSOX

MSOX Risk / Return Rank: 18
MSOX Sharpe Ratio Rank: 8
MSOX Sortino Ratio Rank: 38
MSOX Omega Ratio Rank: 33
MSOX Calmar Ratio Rank: 6
MSOX Martin Ratio Rank: 7

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.

MSOX vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Advisorshares Msos 2x Daily ETF (MSOX) 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.

	MSOX	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.16	1.38	-1.54
Sortino ratio: Return per unit of downside risk	1.40	2.22	-0.82
Omega ratio: Gain probability vs. loss probability	1.16	1.28	-0.12
Calmar ratio: Return relative to maximum drawdown	-0.41	2.44	-2.85
Martin ratio: Return relative to average drawdown	-0.56	4.53	-5.09

MSOX vs. MSTZ - Sharpe Ratio Comparison

The current MSOX Sharpe Ratio is -0.16, which is lower than the MSTZ Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of MSOX 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

MSOX vs. MSTZ - Drawdown Comparison

The maximum MSOX drawdown since its inception was -99.75%, roughly equal to the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for MSOX and MSTZ.

Drawdown Indicators

	MSOX	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-99.75%	-99.38%	-0.37%
Max Drawdown (1Y) Largest decline over 1 year	-84.89%	-84.89%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	-98.83%	—	—
Current Drawdown Current decline from peak	-99.67%	-97.63%	-2.04%
Average Drawdown Average peak-to-trough decline	-89.19%	-94.63%	+5.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	62.34%	45.62%	+16.72%

Volatility

MSOX vs. MSTZ - Volatility Comparison

The current volatility for Advisorshares Msos 2x Daily ETF (MSOX) is 25.51%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 37.86%. This indicates that MSOX 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

	MSOX	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.51%	37.86%	-12.35%
Volatility (6M) Calculated over the trailing 6-month period	110.30%	134.52%	-24.22%
Volatility (1Y) Calculated over the trailing 1-year period	217.82%	150.23%	+67.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	166.50%	169.87%	-3.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	166.50%	169.87%	-3.37%

MSOX vs. MSTZ - Expense Ratio Comparison

MSOX has a 0.95% expense ratio, which is lower than MSTZ's 1.05% expense ratio.

Dividends

MSOX vs. MSTZ - Dividend Comparison

Neither MSOX nor MSTZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MSOX and MSTZ in my portfolio?

MSOX and MSTZ have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSOX or MSTZ?

MSTZ has higher volatility (37.86%) compared to MSOX (25.51%). In terms of maximum drawdown, MSOX dropped -99.75% vs MSTZ's -99.38%.

Which ETF is better, MSOX or MSTZ?

On 1-year performance, MSTZ leads with 159.07% vs -44.33% for MSOX. On fees, MSOX is cheaper at 0.95% per year. On volatility, MSOX has been the lower-risk option at 25.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSOX or MSTZ?

Over the 1-year period, MSTZ has performed better with a 159.07% return vs -44.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSOX or MSTZ?

MSOX is cheaper with a 0.95% expense ratio, compared with 1.05% for MSTZ.

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

MSOX and MSTZ have nearly identical dividend yields, around 0.00%.

What is the main difference between MSOX and MSTZ?

MSOX is categorized as Leveraged Equities, while MSTZ is Inverse Equities. They also come from different issuers: AdvisorShares and REX. Their fees differ too: 0.95% for MSOX and 1.05% for MSTZ.

Which has better risk-adjusted returns?

MSTZ currently has the higher Sharpe Ratio (1.38 vs -0.16), 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.