MSTZ vs. BTC-USD

Last updated Apr 1, 2026

Compare and contrast key facts about T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) and Bitcoin (BTC-USD).

MSTZ is an actively managed fund by REX. It was launched on Sep 17, 2024.

Performance

MSTZ vs. BTC-USD - 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 Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

MSTZ vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-27.23%	-38.95%	-94.26%
BTC-USD Bitcoin	-21.95%	-6.27%	51.13%

Returns By Period

In the year-to-date period, MSTZ achieves a -27.23% return, which is significantly lower than BTC-USD's -21.95% return.

MSTZ

• 1D: -5.53%
• 1M: -4.07%
• YTD: -27.23%
• 6M: 137.26%
• 1Y: -11.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTC-USD

• 1D: 2.33%
• 1M: 3.83%
• YTD: -21.95%
• 6M: -40.13%
• 1Y: -17.26%
• 3Y*: 33.86%
• 5Y*: 3.06%
• 10Y*: 66.39%

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

Return for Risk

MSTZ vs. BTC-USD — Risk / Return Rank

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

MSTZ

MSTZ Risk / Return Rank: 20
MSTZ Sharpe Ratio Rank: 10
MSTZ Sortino Ratio Rank: 36
MSTZ Omega Ratio Rank: 35
MSTZ Calmar Ratio Rank: 10
MSTZ Martin Ratio Rank: 11

BTC-USD

BTC-USD Risk / Return Rank: 45
BTC-USD Sharpe Ratio Rank: 69
BTC-USD Sortino Ratio Rank: 62
BTC-USD Omega Ratio Rank: 62
BTC-USD Calmar Ratio Rank: 34
BTC-USD Martin Ratio Rank: 0

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. 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 ratio Return per unit of total volatility	-0.08	-0.39	+0.31
Sortino ratio Return per unit of downside risk	1.02	-0.29	+1.31
Omega ratio Gain probability vs. loss probability	1.14	0.97	+0.17
Calmar ratio Return relative to maximum drawdown	-0.12	-1.12	+1.00
Martin ratio Return relative to average drawdown	-0.17	-2.03	+1.86
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. BTC-USD - Sharpe Ratio Comparison

The current MSTZ Sharpe Ratio is -0.08, which is higher than the BTC-USD Sharpe Ratio of -0.39. The chart below compares the historical Sharpe Ratios of MSTZ and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MSTZ	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.08	-0.39	+0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.05	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.53	1.20	-1.72

Correlation

The correlation between MSTZ and BTC-USD is -0.57. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

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.

Drawdown Indicators

	MSTZ	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-99.36%	-85.30%	-14.06%
Max Drawdown (1Y) Largest decline over 1 year	-83.20%	-49.65%	-33.55%
Max Drawdown (5Y) Largest decline over 5 years	—	-76.67%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-83.80%	—
Current Drawdown Current decline from peak	-97.45%	-45.25%	-52.20%
Average Drawdown Average peak-to-trough decline	-93.91%	-41.98%	-51.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	61.32%	27.45%	+33.87%

Volatility

MSTZ vs. BTC-USD - Volatility Comparison

T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a higher volatility of 38.43% compared to Bitcoin (BTC-USD) at 14.34%. 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.

Volatility by Period

	MSTZ	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	38.43%	14.34%	+24.09%
Volatility (6M) Calculated over the trailing 6-month period	122.48%	36.23%	+86.25%
Volatility (1Y) Calculated over the trailing 1-year period	147.15%	36.76%	+110.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	173.11%	46.91%	+126.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	173.11%	56.70%	+116.41%