MSTU vs. FBTC
Compare and contrast key facts about T-Rex 2X Long MSTR Daily Target ETF (MSTU) and Fidelity Wise Origin Bitcoin Trust (FBTC).
MSTU and FBTC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MSTU is an actively managed fund by T-Rex. It was launched on Sep 18, 2024. FBTC is a passively managed fund by Fidelity that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 11, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MSTU or FBTC.
Key characteristics
| MSTU | FBTC | |
|---|---|---|
| Daily Std Dev | 210.97% | 57.94% |
| Max Drawdown | -26.25% | -27.42% |
| Current Drawdown | -16.33% | -2.65% |
Correlation
The correlation between MSTU and FBTC is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MSTU vs. FBTC - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MSTU vs. FBTC - Expense Ratio Comparison
MSTU has a 1.05% expense ratio, which is higher than FBTC's 0.25% expense ratio.
Risk-Adjusted Performance
MSTU vs. FBTC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long MSTR Daily Target ETF (MSTU) and Fidelity Wise Origin Bitcoin Trust (FBTC). 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.
Not enough dataDividends
MSTU vs. FBTC - Dividend Comparison
Neither MSTU nor FBTC has paid dividends to shareholders.
Drawdowns
MSTU vs. FBTC - Drawdown Comparison
The maximum MSTU drawdown since its inception was -26.25%, roughly equal to the maximum FBTC drawdown of -27.42%. Use the drawdown chart below to compare losses from any high point for MSTU and FBTC. For additional features, visit the drawdowns tool.
Volatility
MSTU vs. FBTC - Volatility Comparison
T-Rex 2X Long MSTR Daily Target ETF (MSTU) has a higher volatility of 62.43% compared to Fidelity Wise Origin Bitcoin Trust (FBTC) at 18.37%. This indicates that MSTU's price experiences larger fluctuations and is considered to be riskier than FBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.