MSTZ vs. BMNU

Last updated Jun 23, 2026

MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) and BMNU (T-REX 2X Long BMNR Daily Target ETF) are both exchange-traded funds - MSTZ is a Inverse Equities fund actively managed by REX, while BMNU is a Leveraged Equities fund actively managed by REX. Both are actively managed. At a correlation of -0.81, they often move in opposite directions. MSTZ charges 1.05%/yr vs 1.50%/yr for BMNU.

Performance

MSTZ vs. BMNU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) and T-REX 2X Long BMNR Daily Target ETF (BMNU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSTZ achieves a -35.10% return, which is significantly higher than BMNU's -79.92% return.

MSTZ

• 1D: 5.10%
• 1M: 83.66%
• YTD: -35.10%
• 6M: -24.64%
• 1Y: 119.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BMNU

• 1D: -4.00%
• 1M: -34.02%
• YTD: -79.92%
• 6M: -84.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSTZ vs. BMNU - Yearly Performance Comparison

	2026 (YTD)	2025
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-35.10%	180.23%
BMNU T-REX 2X Long BMNR Daily Target ETF	-79.92%	-80.88%

Correlation

The correlation between MSTZ and BMNU is -0.81, 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 (All Time) Calculated using the full available price history since Sep 26, 2025	-0.81

Return for Risk

MSTZ vs. BMNU — Risk / Return Rank

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

MSTZ

MSTZ Risk / Return Rank: 30
MSTZ Sharpe Ratio Rank: 24
MSTZ Sortino Ratio Rank: 37
MSTZ Omega Ratio Rank: 37
MSTZ Calmar Ratio Rank: 29
MSTZ Martin Ratio Rank: 23

BMNU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

MSTZ vs. BMNU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) and T-REX 2X Long BMNR Daily Target ETF (BMNU). 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.

	MSTZ	BMNU	Difference
Sharpe ratio: Return per unit of total volatility	0.84	—	—
Sortino ratio: Return per unit of downside risk	1.89	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	1.42	—	—
Martin ratio: Return relative to average drawdown	2.81	—	—

Drawdowns

MSTZ vs. BMNU - Drawdown Comparison

The maximum MSTZ drawdown since its inception was -99.38%, roughly equal to the maximum BMNU drawdown of -97.58%. Use the drawdown chart below to compare losses from any high point for MSTZ and BMNU.

Drawdown Indicators

	MSTZ	BMNU	Difference
Max Drawdown Largest peak-to-trough decline	-99.38%	-97.58%	-1.80%
Max Drawdown (1Y) Largest decline over 1 year	-84.89%	—	—
Current Drawdown Current decline from peak	-97.79%	-97.55%	-0.24%
Average Drawdown Average peak-to-trough decline	-94.44%	-80.41%	-14.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.73%	—	—

Volatility

Volatility by Period

	MSTZ	BMNU	Difference
Volatility (1M) Calculated over the trailing 1-month period	41.90%	—	—
Volatility (6M) Calculated over the trailing 6-month period	127.30%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	143.69%	185.51%	-41.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	169.83%	185.51%	-15.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	169.83%	185.51%	-15.68%

MSTZ vs. BMNU - Expense Ratio Comparison

MSTZ has a 1.05% expense ratio, which is lower than BMNU's 1.50% expense ratio.

Dividends

MSTZ vs. BMNU - Dividend Comparison

Neither MSTZ nor BMNU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MSTZ and BMNU in my portfolio?

MSTZ and BMNU have a correlation of -0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSTZ or BMNU?

On fees, MSTZ is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MSTZ or BMNU?

MSTZ is cheaper with a 1.05% expense ratio, compared with 1.50% for BMNU.

Which ETF pays a higher dividend yield, MSTZ or BMNU?

MSTZ and BMNU have nearly identical dividend yields, around 0.00%.

What is the main difference between MSTZ and BMNU?

MSTZ is categorized as Inverse Equities, while BMNU is Leveraged Equities. Their fees differ too: 1.05% for MSTZ and 1.50% for BMNU.