MSTZ vs. BRKD

Last updated Jun 4, 2026

MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) and BRKD (Direxion Daily BRKB Bear 1X Shares) are both Inverse Equities funds. MSTZ is actively managed, while BRKD is passively managed. Over the past year, MSTZ returned 94.24% vs 7.98% for BRKD. At a correlation of -0.02, they often move in opposite directions. MSTZ charges 1.05%/yr vs 1.00%/yr for BRKD.

Performance

MSTZ vs. BRKD - 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 Direxion Daily BRKB Bear 1X Shares (BRKD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSTZ achieves a -46.88% return, which is significantly lower than BRKD's 5.90% return.

MSTZ

• 1D: 14.02%
• 1M: 86.49%
• YTD: -46.88%
• 6M: -23.06%
• 1Y: 94.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BRKD

• 1D: 0.00%
• 1M: 0.00%
• YTD: 5.90%
• 6M: 6.63%
• 1Y: 7.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSTZ vs. BRKD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-46.88%	-38.95%	66.96%
BRKD Direxion Daily BRKB Bear 1X Shares	5.90%	-6.69%	2.19%

Correlation

The correlation between MSTZ and BRKD is -0.14, 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	-0.14
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024	-0.02

The correlation between MSTZ and BRKD shifts across timeframes, from -0.14 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MSTZ vs. BRKD — Risk / Return Rank

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

MSTZ

MSTZ Risk / Return Rank: 26
MSTZ Sharpe Ratio Rank: 20
MSTZ Sortino Ratio Rank: 32
MSTZ Omega Ratio Rank: 34
MSTZ Calmar Ratio Rank: 24
MSTZ Martin Ratio Rank: 20

BRKD

BRKD Risk / Return Rank: 20
BRKD Sharpe Ratio Rank: 20
BRKD Sortino Ratio Rank: 20
BRKD Omega Ratio Rank: 20
BRKD Calmar Ratio Rank: 21
BRKD Martin Ratio Rank: 17

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. BRKD - 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 Direxion Daily BRKB Bear 1X Shares (BRKD). 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.

	MSTZ	BRKD	Difference
Sharpe ratio Return per unit of total volatility	0.68	0.60	+0.07
Sortino ratio Return per unit of downside risk	1.74	1.00	+0.74
Omega ratio Gain probability vs. loss probability	1.23	1.12	+0.10
Calmar ratio Return relative to maximum drawdown	1.12	0.86	+0.26
Martin ratio Return relative to average drawdown	2.35	1.67	+0.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSTZ vs. BRKD - Sharpe Ratio Comparison

The current MSTZ Sharpe Ratio is 0.68, which is comparable to the BRKD Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of MSTZ and BRKD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MSTZ	BRKD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.68	0.60	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	-0.53	0.04	-0.57

Drawdowns

MSTZ vs. BRKD - Drawdown Comparison

The maximum MSTZ drawdown since its inception was -99.36%, which is greater than BRKD's maximum drawdown of -17.92%. Use the drawdown chart below to compare losses from any high point for MSTZ and BRKD.

Drawdown Indicators

	MSTZ	BRKD	Difference
Max Drawdown Largest peak-to-trough decline	-99.36%	-17.92%	-81.44%
Max Drawdown (1Y) Largest decline over 1 year	-84.89%	-9.34%	-75.55%
Current Drawdown Current decline from peak	-98.14%	-3.69%	-94.45%
Average Drawdown Average peak-to-trough decline	-94.39%	-7.74%	-86.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.30%	4.78%	+35.52%

Volatility

MSTZ vs. BRKD - Volatility Comparison

T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a higher volatility of 37.49% compared to Direxion Daily BRKB Bear 1X Shares (BRKD) at 0.00%. This indicates that MSTZ's price experiences larger fluctuations and is considered to be riskier than BRKD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSTZ	BRKD	Difference
Volatility (1M) Calculated over the trailing 1-month period	37.49%	0.00%	+37.49%
Volatility (6M) Calculated over the trailing 6-month period	125.82%	9.21%	+116.61%
Volatility (1Y) Calculated over the trailing 1-year period	140.34%	13.36%	+126.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	170.37%	17.26%	+153.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	170.37%	17.26%	+153.11%

MSTZ vs. BRKD - Expense Ratio Comparison

MSTZ has a 1.05% expense ratio, which is higher than BRKD's 1.00% expense ratio.

Dividends

MSTZ vs. BRKD - Dividend Comparison

MSTZ has not paid dividends to shareholders, while BRKD's dividend yield for the trailing twelve months is around 2.82%.

Position	TTM	2025
BRKD Direxion Daily BRKB Bear 1X Shares	2.82%	3.50%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both MSTZ and BRKD in my portfolio?

MSTZ and BRKD have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSTZ or BRKD?

MSTZ has higher volatility (37.49%) compared to BRKD (0.00%). In terms of maximum drawdown, MSTZ dropped -99.36% vs BRKD's -17.92%.

Which ETF is better, MSTZ or BRKD?

On 1-year performance, MSTZ leads with 94.24% vs 7.98% for BRKD. On fees, BRKD is cheaper at 1.00% per year. On volatility, BRKD has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSTZ or BRKD?

Over the 1-year period, MSTZ has performed better with a 94.24% return vs 7.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSTZ or BRKD?

BRKD is cheaper with a 1.00% expense ratio, compared with 1.05% for MSTZ.

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

BRKD has the higher dividend yield at 2.82%, compared with 0.00% for MSTZ.

What is the main difference between MSTZ and BRKD?

They also come from different issuers: REX and Direxion. Their fees differ too: 1.05% for MSTZ and 1.00% for BRKD.

Which has better risk-adjusted returns?

MSTZ currently has the higher Sharpe Ratio (0.68 vs 0.60), 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.