MSTU vs. ILS

Last updated Jul 12, 2026

MSTU (T-Rex 2X Long MSTR Daily Target ETF) and ILS (Brookmont Catastrophic Bond ETF) are both exchange-traded funds - MSTU is a Leveraged Equities fund actively managed by T-Rex, while ILS is a Nontraditional Bonds fund actively managed by Brookmont. Both are actively managed. Over the past year, MSTU returned -98.08% vs 7.48% for ILS. At a correlation of -0.16, they often move in opposite directions. MSTU charges 1.05%/yr vs 1.58%/yr for ILS.

Performance

MSTU vs. ILS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Long MSTR Daily Target ETF (MSTU) and Brookmont Catastrophic Bond ETF (ILS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSTU achieves a -77.44% return, which is significantly lower than ILS's 2.92% return.

MSTU

• 1D: 1.35%
• 1M: -46.73%
• 6M: -78.64%
• YTD: -77.44%
• 1Y: -98.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ILS

• 1D: 0.24%
• 1M: 1.04%
• 6M: 2.72%
• YTD: 2.92%
• 1Y: 7.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSTU vs. ILS - Yearly Performance Comparison

	2026 (YTD)	2025
MSTU T-Rex 2X Long MSTR Daily Target ETF	-77.44%	-84.78%
ILS Brookmont Catastrophic Bond ETF	2.92%	3.54%

Correlation

The correlation between MSTU and ILS is -0.12, 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	-0.12
Correlation (All Time) Calculated using the full available price history since Apr 1, 2025	-0.16

Return for Risk

MSTU vs. ILS — Risk / Return Rank

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

MSTU

MSTU Risk / Return Rank: 2
MSTU Sharpe Ratio Rank: 4
MSTU Sortino Ratio Rank: 0
MSTU Omega Ratio Rank: 0
MSTU Calmar Ratio Rank: 0
MSTU Martin Ratio Rank: 3

ILS

ILS Risk / Return Rank: 97
ILS Sharpe Ratio Rank: 95
ILS Sortino Ratio Rank: 97
ILS Omega Ratio Rank: 96
ILS Calmar Ratio Rank: 98
ILS Martin Ratio Rank: 98

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.

MSTU vs. ILS - 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 Brookmont Catastrophic Bond ETF (ILS). 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	ILS	Difference
Sharpe ratio: Return per unit of total volatility	-0.67	3.05	-3.72
Sortino ratio: Return per unit of downside risk	-2.62	5.06	-7.68
Omega ratio: Gain probability vs. loss probability	0.73	1.69	-0.96
Calmar ratio: Return relative to maximum drawdown	-0.99	13.78	-14.78
Martin ratio: Return relative to average drawdown	-1.20	51.17	-52.38

MSTU vs. ILS - Sharpe Ratio Comparison

The current MSTU Sharpe Ratio is -0.67, which is lower than the ILS Sharpe Ratio of 3.05. The chart below compares the historical Sharpe Ratios of MSTU and ILS, 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

MSTU vs. ILS - Drawdown Comparison

The maximum MSTU drawdown since its inception was -99.43%, which is greater than ILS's maximum drawdown of -2.46%. Use the drawdown chart below to compare losses from any high point for MSTU and ILS.

Drawdown Indicators

	MSTU	ILS	Difference
Max Drawdown Largest peak-to-trough decline	-99.43%	-2.46%	-96.97%
Max Drawdown (1Y) Largest decline over 1 year	-98.62%	-0.55%	-98.07%
Current Drawdown Current decline from peak	-99.27%	0.00%	-99.27%
Average Drawdown Average peak-to-trough decline	-73.27%	-0.52%	-72.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	81.18%	0.15%	+81.03%

Volatility

MSTU vs. ILS - Volatility Comparison

T-Rex 2X Long MSTR Daily Target ETF (MSTU) has a higher volatility of 53.11% compared to Brookmont Catastrophic Bond ETF (ILS) at 0.46%. This indicates that MSTU's price experiences larger fluctuations and is considered to be riskier than ILS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSTU	ILS	Difference
Volatility (1M) Calculated over the trailing 1-month period	53.11%	0.46%	+52.65%
Volatility (6M) Calculated over the trailing 6-month period	121.11%	1.49%	+119.62%
Volatility (1Y) Calculated over the trailing 1-year period	146.57%	2.50%	+144.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	169.77%	3.72%	+166.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	169.77%	3.72%	+166.05%

MSTU vs. ILS - Expense Ratio Comparison

MSTU has a 1.05% expense ratio, which is lower than ILS's 1.58% expense ratio.

Dividends

MSTU vs. ILS - Dividend Comparison

MSTU has not paid dividends to shareholders, while ILS's dividend yield for the trailing twelve months is around 8.18%.

Position	TTM	2025
ILS Brookmont Catastrophic Bond ETF	8.18%	6.06%
MSTU T-Rex 2X Long MSTR Daily Target ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both MSTU and ILS in my portfolio?

MSTU and ILS have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSTU or ILS?

MSTU has higher volatility (53.11%) compared to ILS (0.46%). In terms of maximum drawdown, MSTU dropped -99.43% vs ILS's -2.46%.

Which ETF is better, MSTU or ILS?

On 1-year performance, ILS leads with 7.48% vs -98.08% for MSTU. On fees, MSTU is cheaper at 1.05% per year. On volatility, ILS has been the lower-risk option at 0.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSTU or ILS?

Over the 1-year period, ILS has performed better with a 7.48% return vs -98.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSTU or ILS?

MSTU is cheaper with a 1.05% expense ratio, compared with 1.58% for ILS.

Which ETF pays a higher dividend yield, MSTU or ILS?

ILS has the higher dividend yield at 8.18%, compared with 0.00% for MSTU.

What is the main difference between MSTU and ILS?

MSTU is categorized as Leveraged Equities, while ILS is Nontraditional Bonds. They also come from different issuers: T-Rex and Brookmont. Their fees differ too: 1.05% for MSTU and 1.58% for ILS.

Which has better risk-adjusted returns?

ILS currently has the higher Sharpe Ratio (3.05 vs -0.67), 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.