MSTU vs. IONQ

Last updated Jun 14, 2026

MSTU (T-Rex 2X Long MSTR Daily Target ETF) is Leveraged Equities fund actively managed by T-Rex, while IONQ (IonQ, Inc.) is a stock. Over the past year, MSTU returned -95.55% vs 52.88% for IONQ. At a 0.44 correlation, their price movements are largely independent.

Performance

MSTU vs. IONQ - 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 IonQ, Inc. (IONQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSTU achieves a -57.64% return, which is significantly lower than IONQ's 28.93% return.

MSTU

• 1D: 6.02%
• 1M: -59.35%
• YTD: -57.64%
• 6M: -69.76%
• 1Y: -95.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IONQ

• 1D: -0.24%
• 1M: 0.66%
• YTD: 28.93%
• 6M: 14.90%
• 1Y: 52.88%
• 3Y*: 75.90%
• 5Y*: 40.49%
• 10Y*: —

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

MSTU vs. IONQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MSTU T-Rex 2X Long MSTR Daily Target ETF	-57.64%	-89.07%	205.47%
IONQ IonQ, Inc.	28.93%	7.42%	414.41%

Correlation

The correlation between MSTU and IONQ is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	0.44

Return for Risk

MSTU vs. IONQ — 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: 1
MSTU Calmar Ratio Rank: 0
MSTU Martin Ratio Rank: 4

IONQ

IONQ Risk / Return Rank: 61
IONQ Sharpe Ratio Rank: 61
IONQ Sortino Ratio Rank: 66
IONQ Omega Ratio Rank: 62
IONQ Calmar Ratio Rank: 59
IONQ Martin Ratio Rank: 57

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. IONQ - 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 IonQ, Inc. (IONQ). 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	IONQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.68	0.53	-1.21
Sortino ratio: Return per unit of downside risk	-2.07	1.43	-3.51
Omega ratio: Gain probability vs. loss probability	0.78	1.16	-0.38
Calmar ratio: Return relative to maximum drawdown	-0.98	0.73	-1.72
Martin ratio: Return relative to average drawdown	-1.24	1.33	-2.57

MSTU vs. IONQ - Sharpe Ratio Comparison

The current MSTU Sharpe Ratio is -0.68, which is lower than the IONQ Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of MSTU and IONQ, 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. IONQ - Drawdown Comparison

The maximum MSTU drawdown since its inception was -98.80%, which is greater than IONQ's maximum drawdown of -90.00%. Use the drawdown chart below to compare losses from any high point for MSTU and IONQ.

Drawdown Indicators

	MSTU	IONQ	Difference
Max Drawdown Largest peak-to-trough decline	-98.80%	-90.00%	-8.80%
Max Drawdown (1Y) Largest decline over 1 year	-97.12%	-67.61%	-29.51%
Max Drawdown (3Y) Largest decline over 3 years	—	-67.61%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-90.00%	—
Current Drawdown Current decline from peak	-98.63%	-29.53%	-69.10%
Average Drawdown Average peak-to-trough decline	-72.20%	-50.88%	-21.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	76.86%	37.20%	+39.66%

Volatility

MSTU vs. IONQ - Volatility Comparison

T-Rex 2X Long MSTR Daily Target ETF (MSTU) has a higher volatility of 43.50% compared to IonQ, Inc. (IONQ) at 31.60%. This indicates that MSTU's price experiences larger fluctuations and is considered to be riskier than IONQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSTU	IONQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	43.50%	31.60%	+11.90%
Volatility (6M) Calculated over the trailing 6-month period	113.54%	68.80%	+44.74%
Volatility (1Y) Calculated over the trailing 1-year period	140.26%	93.28%	+46.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	168.69%	100.48%	+68.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	168.69%	97.53%	+71.16%

Dividends

MSTU vs. IONQ - Dividend Comparison

Neither MSTU nor IONQ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MSTU and IONQ in my portfolio?

MSTU and IONQ have a correlation of 0.49, 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 IONQ?

MSTU has higher volatility (43.50%) compared to IONQ (31.60%). In terms of maximum drawdown, MSTU dropped -98.80% vs IONQ's -90.00%.

Which has better risk-adjusted returns?

IONQ currently has the higher Sharpe Ratio (0.53 vs -0.68), 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.