MSTZ vs. BTC-USD
MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) is Inverse Equities fund actively managed by REX, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past year, MSTZ returned 94.24% vs -40.02% for BTC-USD. At a correlation of -0.57, they often move in opposite directions.
Performance
MSTZ vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, MSTZ achieves a -46.88% return, which is significantly lower than BTC-USD's -27.71% return.
MSTZ
- 1D
- 14.02%
- 1M
- 86.49%
- YTD
- -46.88%
- 6M
- -23.06%
- 1Y
- 94.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -5.18%
- 1M
- -20.79%
- YTD
- -27.71%
- 6M
- -32.32%
- 1Y
- -40.02%
- 3Y*
- 32.61%
- 5Y*
- 11.41%
- 10Y*
- 60.00%
MSTZ vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MSTZ T-REX 2X Inverse MSTR Daily Target ETF | -46.88% | -38.95% | -94.26% |
BTC-USD Bitcoin | -27.71% | -6.27% | 51.13% |
Correlation
The correlation between MSTZ and BTC-USD is -0.63, 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 | -0.63 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2024 | -0.57 |
The correlation between MSTZ and BTC-USD has been stable across timeframes, ranging from -0.63 to -0.57 - a consistent structural relationship.
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Return for Risk
MSTZ vs. BTC-USD — Risk / Return Rank
MSTZ
BTC-USD
MSTZ vs. BTC-USD - 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 Bitcoin (BTC-USD). 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 | BTC-USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.68 | -0.93 | +1.61 |
Sortino ratioReturn per unit of downside risk | 1.74 | -1.31 | +3.05 |
Omega ratioGain probability vs. loss probability | 1.23 | 0.87 | +0.36 |
Calmar ratioReturn relative to maximum drawdown | 1.12 | -0.81 | +1.92 |
Martin ratioReturn relative to average drawdown | 2.35 | -1.42 | +3.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MSTZ | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | -0.93 | +1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.21 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.53 | 1.13 | -1.66 |
Drawdowns
MSTZ vs. BTC-USD - Drawdown Comparison
The maximum MSTZ drawdown since its inception was -99.36%, which is greater than BTC-USD's maximum drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for MSTZ and BTC-USD.
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Drawdown Indicators
| MSTZ | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.36% | -85.30% | -14.06% |
Max Drawdown (1Y)Largest decline over 1 year | -84.89% | -49.65% | -35.24% |
Max Drawdown (3Y)Largest decline over 3 years | — | -49.65% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -98.14% | -49.29% | -48.85% |
Average DrawdownAverage peak-to-trough decline | -94.39% | -42.27% | -52.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.30% | 33.73% | +6.57% |
Volatility
MSTZ vs. BTC-USD - Volatility Comparison
T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a higher volatility of 37.49% compared to Bitcoin (BTC-USD) at 10.81%. This indicates that MSTZ's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTZ | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 37.49% | 10.81% | +26.68% |
Volatility (6M)Calculated over the trailing 6-month period | 125.82% | 34.33% | +91.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 140.34% | 35.60% | +104.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 170.37% | 45.05% | +125.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 170.37% | 56.69% | +113.68% |
Frequently Asked Questions
MSTZ and BTC-USD have a correlation of -0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTZ has higher volatility (37.49%) compared to BTC-USD (10.81%). In terms of maximum drawdown, MSTZ dropped -99.36% vs BTC-USD's -85.30%.
MSTZ currently has the higher Sharpe Ratio (0.68 vs -0.93), 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.
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