MSTU vs. RGTIW

Last updated Jun 14, 2026

MSTU (T-Rex 2X Long MSTR Daily Target ETF) is Leveraged Equities fund actively managed by T-Rex, while RGTIW (Rigetti Computing Inc. Warrants) is a stock. Over the past year, MSTU returned -95.55% vs 150.95% for RGTIW. At a 0.39 correlation, their price movements are largely independent.

Performance

MSTU vs. RGTIW - 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 Rigetti Computing Inc. Warrants (RGTIW). 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 RGTIW's -4.66% return.

MSTU

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

RGTIW

• 1D: 2.92%
• 1M: 21.58%
• YTD: -4.66%
• 6M: -26.71%
• 1Y: 150.95%
• 3Y*: 306.03%
• 5Y*: 53.32%
• 10Y*: —

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

MSTU vs. RGTIW - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MSTU T-Rex 2X Long MSTR Daily Target ETF	-57.64%	-89.07%	205.47%
RGTIW Rigetti Computing Inc. Warrants	-4.66%	75.21%	6,073.32%

Correlation

The correlation between MSTU and RGTIW is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	0.39

Return for Risk

MSTU vs. RGTIW — 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

RGTIW

RGTIW Risk / Return Rank: 72
RGTIW Sharpe Ratio Rank: 67
RGTIW Sortino Ratio Rank: 82
RGTIW Omega Ratio Rank: 76
RGTIW Calmar Ratio Rank: 70
RGTIW Martin Ratio Rank: 63

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. RGTIW - 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 Rigetti Computing Inc. Warrants (RGTIW). 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	RGTIW	Difference
Sharpe ratio: Return per unit of total volatility	-0.68	0.76	-1.44
Sortino ratio: Return per unit of downside risk	-2.07	2.34	-4.41
Omega ratio: Gain probability vs. loss probability	0.78	1.26	-0.48
Calmar ratio: Return relative to maximum drawdown	-0.98	1.48	-2.46
Martin ratio: Return relative to average drawdown	-1.24	2.18	-3.42

MSTU vs. RGTIW - Sharpe Ratio Comparison

The current MSTU Sharpe Ratio is -0.68, which is lower than the RGTIW Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of MSTU and RGTIW, 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. RGTIW - Drawdown Comparison

The maximum MSTU drawdown since its inception was -98.80%, roughly equal to the maximum RGTIW drawdown of -98.81%. Use the drawdown chart below to compare losses from any high point for MSTU and RGTIW.

Drawdown Indicators

	MSTU	RGTIW	Difference
Max Drawdown Largest peak-to-trough decline	-98.80%	-98.81%	+0.01%
Max Drawdown (1Y) Largest decline over 1 year	-97.12%	-89.67%	-7.45%
Max Drawdown (3Y) Largest decline over 3 years	—	-89.67%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-98.81%	—
Current Drawdown Current decline from peak	-98.63%	-76.38%	-22.25%
Average Drawdown Average peak-to-trough decline	-72.20%	-70.03%	-2.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	76.86%	60.66%	+16.20%

Volatility

MSTU vs. RGTIW - Volatility Comparison

The current volatility for T-Rex 2X Long MSTR Daily Target ETF (MSTU) is 43.50%, while Rigetti Computing Inc. Warrants (RGTIW) has a volatility of 70.68%. This indicates that MSTU experiences smaller price fluctuations and is considered to be less risky than RGTIW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSTU	RGTIW	Difference
Volatility (1M) Calculated over the trailing 1-month period	43.50%	70.68%	-27.18%
Volatility (6M) Calculated over the trailing 6-month period	113.54%	119.37%	-5.83%
Volatility (1Y) Calculated over the trailing 1-year period	140.26%	173.70%	-33.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	168.69%	198.39%	-29.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	168.69%	196.23%	-27.54%

Dividends

MSTU vs. RGTIW - Dividend Comparison

Neither MSTU nor RGTIW has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MSTU and RGTIW in my portfolio?

MSTU and RGTIW have a correlation of 0.47, 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 RGTIW?

RGTIW has higher volatility (70.68%) compared to MSTU (43.50%). In terms of maximum drawdown, MSTU dropped -98.80% vs RGTIW's -98.81%.

Which has better risk-adjusted returns?

RGTIW currently has the higher Sharpe Ratio (0.76 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.