MSTU vs. MSII

Last updated Jun 24, 2026

MSTU (T-Rex 2X Long MSTR Daily Target ETF) and MSII (REX MSTR Growth & Income ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, MSTU returned -96.65% vs -70.57% for MSII. With a 0.96 correlation, they move nearly in lockstep. MSTU charges 1.05%/yr vs 0.99%/yr for MSII.

Performance

MSTU vs. MSII - 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 REX MSTR Growth & Income ETF (MSII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSTU achieves a -70.88% return, which is significantly lower than MSII's -28.10% return.

MSTU

• 1D: -10.37%
• 1M: -61.22%
• YTD: -70.88%
• 6M: -73.38%
• 1Y: -96.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSII

• 1D: 0.00%
• 1M: -30.37%
• YTD: -28.10%
• 6M: -30.19%
• 1Y: -70.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSTU vs. MSII - Yearly Performance Comparison

	2026 (YTD)	2025
MSTU T-Rex 2X Long MSTR Daily Target ETF	-70.88%	-89.87%
MSII REX MSTR Growth & Income ETF	-28.10%	-61.03%

Correlation

The correlation between MSTU and MSII is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025	0.96

The correlation between MSTU and MSII has been stable across timeframes, ranging from 0.96 to 0.96 - a consistent structural relationship.

Return for Risk

MSTU vs. MSII — 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: 1
MSTU Martin Ratio Rank: 3

MSII

MSII Risk / Return Rank: 1
MSII Sharpe Ratio Rank: 1
MSII Sortino Ratio Rank: 1
MSII Omega Ratio Rank: 1
MSII Calmar Ratio Rank: 1
MSII Martin Ratio Rank: 3

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. MSII - 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 REX MSTR Growth & Income ETF (MSII). 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	MSII	Difference
Sharpe ratio: Return per unit of total volatility	-0.68	-0.98	+0.30
Sortino ratio: Return per unit of downside risk	-2.29	-1.76	-0.53
Omega ratio: Gain probability vs. loss probability	0.76	0.79	-0.03
Calmar ratio: Return relative to maximum drawdown	-0.99	-0.90	-0.09
Martin ratio: Return relative to average drawdown	-1.23	-1.28	+0.04

MSTU vs. MSII - Sharpe Ratio Comparison

The current MSTU Sharpe Ratio is -0.68, which is higher than the MSII Sharpe Ratio of -0.98. The chart below compares the historical Sharpe Ratios of MSTU and MSII, 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. MSII - Drawdown Comparison

The maximum MSTU drawdown since its inception was -99.06%, which is greater than MSII's maximum drawdown of -78.73%. Use the drawdown chart below to compare losses from any high point for MSTU and MSII.

Drawdown Indicators

	MSTU	MSII	Difference
Max Drawdown Largest peak-to-trough decline	-99.06%	-78.73%	-20.33%
Max Drawdown (1Y) Largest decline over 1 year	-97.73%	-78.73%	-19.00%
Current Drawdown Current decline from peak	-99.06%	-76.65%	-22.41%
Average Drawdown Average peak-to-trough decline	-72.57%	-47.49%	-25.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	78.30%	55.34%	+22.96%

Volatility

MSTU vs. MSII - Volatility Comparison

T-Rex 2X Long MSTR Daily Target ETF (MSTU) has a higher volatility of 44.20% compared to REX MSTR Growth & Income ETF (MSII) at 21.17%. This indicates that MSTU's price experiences larger fluctuations and is considered to be riskier than MSII based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSTU	MSII	Difference
Volatility (1M) Calculated over the trailing 1-month period	44.20%	21.17%	+23.03%
Volatility (6M) Calculated over the trailing 6-month period	114.02%	56.72%	+57.30%
Volatility (1Y) Calculated over the trailing 1-year period	142.01%	71.96%	+70.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	168.53%	70.62%	+97.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	168.53%	70.62%	+97.91%

MSTU vs. MSII - Expense Ratio Comparison

MSTU has a 1.05% expense ratio, which is higher than MSII's 0.99% expense ratio.

Dividends

MSTU vs. MSII - Dividend Comparison

MSTU has not paid dividends to shareholders, while MSII's dividend yield for the trailing twelve months is around 97.58%.

Position	TTM	2025
MSII REX MSTR Growth & Income ETF	97.58%	48.93%
MSTU T-Rex 2X Long MSTR Daily Target ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both MSTU and MSII in my portfolio?

With a correlation of 0.96, MSTU and MSII move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, MSTU or MSII?

MSTU has higher volatility (44.20%) compared to MSII (21.17%). In terms of maximum drawdown, MSTU dropped -99.06% vs MSII's -78.73%.

Which ETF is better, MSTU or MSII?

On 1-year performance, MSII leads with -70.57% vs -96.65% for MSTU. On fees, MSII is cheaper at 0.99% per year. On volatility, MSII has been the lower-risk option at 21.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSTU or MSII?

Over the 1-year period, MSII has performed better with a -70.57% return vs -96.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSTU or MSII?

MSII is cheaper with a 0.99% expense ratio, compared with 1.05% for MSTU.

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

MSII has the higher dividend yield at 97.58%, compared with 0.00% for MSTU.

What is the main difference between MSTU and MSII?

They also come from different issuers: T-Rex and REX. Their fees differ too: 1.05% for MSTU and 0.99% for MSII.

Which has better risk-adjusted returns?

MSTU currently has the higher Sharpe Ratio (-0.68 vs -0.98), 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.