MSTR vs. MSTZ
MSTR (Strategy Inc) is a stock, while MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) is Inverse Equities fund actively managed by REX. Over the past year, MSTR returned -78.81% vs 282.56% for MSTZ. At a correlation of -1.00, they often move in opposite directions.
Performance
MSTR vs. MSTZ - Performance Comparison
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Returns By Period
In the year-to-date period, MSTR achieves a -39.39% return, which is significantly lower than MSTZ's -23.27% return.
MSTR
- 1D
- -2.68%
- 1M
- -25.71%
- 6M
- -43.23%
- YTD
- -39.39%
- 1Y
- -78.81%
- 3Y*
- 26.14%
- 5Y*
- 10.45%
- 10Y*
- 17.27%
MSTZ
- 1D
- 5.07%
- 1M
- 46.38%
- 6M
- -9.68%
- YTD
- -23.27%
- 1Y
- 282.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTR vs. MSTZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MSTR Strategy Inc | -39.39% | -47.53% | 120.63% |
MSTZ T-REX 2X Inverse MSTR Daily Target ETF | -23.27% | -38.95% | -94.43% |
Correlation
The correlation between MSTR and MSTZ is -1.00, 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 | -1.00 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024 | -1.00 |
The correlation between MSTR and MSTZ has been stable across timeframes, ranging from -1.00 to -1.00 - a consistent structural relationship.
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Return for Risk
MSTR vs. MSTZ — Risk / Return Rank
MSTR
MSTZ
MSTR vs. MSTZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Inc (MSTR) 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.
| MSTR | MSTZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.98 | ||
| Sortino ratioReturn per unit of downside risk | -4.83 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 1.32 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 3.35 | -4.32 |
| Martin ratioReturn relative to average drawdown | -1.38 | 6.53 | -7.91 |
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Drawdowns
MSTR vs. MSTZ - Drawdown Comparison
The maximum MSTR drawdown since its inception was -99.86%, roughly equal to the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for MSTR and MSTZ.
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Drawdown Indicators
| MSTR | MSTZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.86% | -99.38% | -0.48% |
Max Drawdown (1Y)Largest decline over 1 year | -81.95% | -84.89% | +2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -82.63% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -84.11% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -89.27% | — | — |
Current DrawdownCurrent decline from peak | -80.56% | -97.39% | +16.83% |
Average DrawdownAverage peak-to-trough decline | -86.43% | -94.53% | +8.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 57.18% | 43.51% | +13.67% |
Volatility
MSTR vs. MSTZ - Volatility Comparison
The current volatility for Strategy Inc (MSTR) is 26.76%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 56.56%. This indicates that MSTR 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.
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Volatility by Period
| MSTR | MSTZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.76% | 56.56% | -29.80% |
Volatility (6M)Calculated over the trailing 6-month period | 61.05% | 135.11% | -74.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.29% | 148.53% | -74.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.78% | 171.02% | -80.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.25% | 171.02% | -96.77% |
Dividends
MSTR vs. MSTZ - Dividend Comparison
Neither MSTR nor MSTZ has paid dividends to shareholders.
Frequently Asked Questions
MSTR and MSTZ have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTZ has higher volatility (56.56%) compared to MSTR (26.76%). In terms of maximum drawdown, MSTR dropped -99.86% vs MSTZ's -99.38%.
MSTZ currently has the higher Sharpe Ratio (1.92 vs -1.06), 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.
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