MSTU vs. BTC-USD
MSTU (T-Rex 2X Long MSTR Daily Target ETF) is Leveraged Equities fund actively managed by T-Rex, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past year, MSTU returned -97.30% vs -44.57% for BTC-USD. Their 0.58 correlation means they have sometimes moved together and sometimes differently.
Performance
MSTU vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, MSTU achieves a -78.22% return, which is significantly lower than BTC-USD's -27.65% return.
MSTU
- 1D
- 2.84%
- 1M
- -15.81%
- 6M
- -72.32%
- YTD
- -78.22%
- 1Y
- -97.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -75.33%
BTC-USD
- 1D
- -0.30%
- 1M
- 0.35%
- 6M
- -19.52%
- YTD
- -27.65%
- 1Y
- -44.57%
- 3Y*
- 29.61%
- 5Y*
- 9.77%
- 10Y*
- 59.80%
- ALL TIME*
- 87.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BTC-USD Bitcoin | $1541.04T | $1614.90T | $2068.30T |
| $200.96M | $178.85M | $198.52M |
MSTU vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MSTU T-Rex 2X Long MSTR Daily Target ETF | -78.22% | -89.07% | 205.47% |
BTC-USD Bitcoin | -27.65% | -6.27% | 54.78% |
Correlation
The correlation between MSTU and BTC-USD is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024 | 0.58 |
The correlation between MSTU and BTC-USD has been stable across timeframes, ranging from 0.58 to 0.65 - a consistent structural relationship.
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Return for Risk
MSTU vs. BTC-USD — Risk / Return Rank
MSTU
BTC-USD
MSTU vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long MSTR Daily Target ETF (MSTU) and Bitcoin (BTC-USD). 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.
| MSTU | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 0.85 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | -0.84 | -0.15 |
| Martin ratioReturn relative to average drawdown | -1.20 | -1.29 | +0.08 |
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Drawdowns
MSTU vs. BTC-USD - Drawdown Comparison
The maximum MSTU drawdown since its inception was -99.43%, which is greater than BTC-USD's maximum drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for MSTU and BTC-USD.
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Drawdown Indicators
| MSTU | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.43% | -85.30% | -14.13% |
Max Drawdown (1Y)Largest decline over 1 year | -98.15% | -53.08% | -45.07% |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -99.29% | -49.24% | -50.05% |
Average DrawdownAverage peak-to-trough decline | -74.16% | -42.74% | -31.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 80.83% | 25.03% | +55.80% |
Volatility
MSTU vs. BTC-USD - Volatility Comparison
T-Rex 2X Long MSTR Daily Target ETF (MSTU) has a higher volatility of 32.84% compared to Bitcoin (BTC-USD) at 8.46%. This indicates that MSTU's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTU | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.84% | 8.46% | +24.38% |
Volatility (6M)Calculated over the trailing 6-month period | 119.27% | 33.65% | +85.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 147.80% | 35.87% | +111.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 168.37% | 43.64% | +124.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 168.37% | 56.22% | +112.15% |
Frequently Asked Questions
MSTU and BTC-USD have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTU has higher volatility (32.84%) compared to BTC-USD (8.46%). In terms of maximum drawdown, MSTU dropped -99.43% vs BTC-USD's -85.30%.
MSTU currently has the higher Sharpe Ratio (-0.66 vs -1.03), 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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