MSTR vs. MSTZ

Last updated Apr 4, 2026

Compare and contrast key facts about MicroStrategy Incorporated (MSTR) and T-REX 2X Inverse MSTR Daily Target ETF (MSTZ).

MSTZ is an actively managed fund by REX. It was launched on Sep 17, 2024.

Performance

MSTR vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroStrategy Incorporated (MSTR) 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 MSTR having a -21.14% return and MSTZ slightly lower at -21.34%.

MSTR

• 1D: -2.40%
• 1M: -18.17%
• YTD: -21.14%
• 6M: -65.92%
• 1Y: -57.55%
• 3Y*: 59.13%
• 5Y*: 11.24%
• 10Y*: 20.56%

MSTZ

• 1D: 4.74%
• 1M: 38.93%
• YTD: -21.34%
• 6M: 210.11%
• 1Y: -3.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSTR vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MSTR MicroStrategy Incorporated	-21.14%	-47.53%	118.30%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-21.34%	-38.95%	-94.26%

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, cushioning overall portfolio drawdowns.

Return for Risk

MSTR vs. MSTZ — Risk / Return Rank

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

MSTR

MSTR Risk / Return Rank: 9
MSTR Sharpe Ratio Rank: 7
MSTR Sortino Ratio Rank: 6
MSTR Omega Ratio Rank: 9
MSTR Calmar Ratio Rank: 11
MSTR Martin Ratio Rank: 11

MSTZ

MSTZ Risk / Return Rank: 24
MSTZ Sharpe Ratio Rank: 13
MSTZ Sortino Ratio Rank: 42
MSTZ Omega Ratio Rank: 40
MSTZ Calmar Ratio Rank: 12
MSTZ Martin Ratio Rank: 11

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.

MSTR vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroStrategy Incorporated (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.

	MSTR	MSTZ	Difference
Sharpe ratio Return per unit of total volatility	-0.84	0.10	-0.94
Sortino ratio Return per unit of downside risk	-1.36	1.26	-2.62
Omega ratio Gain probability vs. loss probability	0.85	1.17	-0.32
Calmar ratio Return relative to maximum drawdown	-0.80	0.11	-0.91
Martin ratio Return relative to average drawdown	-1.37	0.15	-1.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSTR vs. MSTZ - Sharpe Ratio Comparison

The current MSTR Sharpe Ratio is -0.84, which is lower than the MSTZ Sharpe Ratio of 0.10. The chart below compares the historical Sharpe Ratios of MSTR 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.

Sharpe Ratios by Period

	MSTR	MSTZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.84	0.10	-0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	-0.52	+0.65

Drawdowns

MSTR vs. MSTZ - Drawdown Comparison

The maximum MSTR drawdown since its inception was -99.86%, roughly equal to the maximum MSTZ drawdown of -99.36%. Use the drawdown chart below to compare losses from any high point for MSTR and MSTZ.

Drawdown Indicators

	MSTR	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-99.86%	-99.36%	-0.50%
Max Drawdown (1Y) Largest decline over 1 year	-76.53%	-83.20%	+6.67%
Max Drawdown (5Y) Largest decline over 5 years	-84.11%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-89.27%	—	—
Current Drawdown Current decline from peak	-74.71%	-97.24%	+22.53%
Average Drawdown Average peak-to-trough decline	-86.60%	-93.93%	+7.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	44.47%	61.49%	-17.02%

Volatility

MSTR vs. MSTZ - Volatility Comparison

The current volatility for MicroStrategy Incorporated (MSTR) is 15.06%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 29.24%. 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.

Volatility by Period

	MSTR	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.06%	29.24%	-14.18%
Volatility (6M) Calculated over the trailing 6-month period	55.30%	122.00%	-66.70%
Volatility (1Y) Calculated over the trailing 1-year period	73.86%	146.69%	-72.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	91.26%	172.73%	-81.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.14%	172.73%	-99.59%

Dividends

MSTR vs. MSTZ - Dividend Comparison

Neither MSTR nor MSTZ has paid dividends to shareholders.

Tickers have no history of dividend payments