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 252.57% vs -45.20% for BTC-USD. At a correlation of -0.58, 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 -31.95% return, which is significantly lower than BTC-USD's -26.24% return.
MSTZ
- 1D
- -0.09%
- 1M
- 46.79%
- 6M
- 0.09%
- YTD
- -31.95%
- 1Y
- 252.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -0.69%
- 1M
- -2.62%
- 6M
- -33.43%
- YTD
- -26.24%
- 1Y
- -45.20%
- 3Y*
- 28.74%
- 5Y*
- 15.51%
- 10Y*
- 57.66%
MSTZ vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MSTZ T-REX 2X Inverse MSTR Daily Target ETF | -31.95% | -38.95% | -94.43% |
BTC-USD Bitcoin | -26.24% | -6.27% | 54.78% |
Correlation
The correlation between MSTZ and BTC-USD is -0.65, 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 | -0.65 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024 | -0.58 |
The correlation between MSTZ and BTC-USD has been stable across timeframes, ranging from -0.65 to -0.58 - 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.
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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.76 | ||
| Sortino ratioReturn per unit of downside risk | +3.94 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.84 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | -0.85 | +3.85 |
| Martin ratioReturn relative to average drawdown | 5.79 | -1.38 | +7.17 |
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Drawdowns
MSTZ vs. BTC-USD - Drawdown Comparison
The maximum MSTZ drawdown since its inception was -99.38%, 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 | -99.38% | -85.30% | -14.08% |
Max Drawdown (1Y)Largest decline over 1 year | -84.89% | -53.08% | -31.81% |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.08% | — |
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 | -97.68% | -48.25% | -49.43% |
Average DrawdownAverage peak-to-trough decline | -94.55% | -42.57% | -51.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.81% | 29.20% | +14.61% |
Volatility
MSTZ vs. BTC-USD - Volatility Comparison
T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a higher volatility of 56.66% compared to Bitcoin (BTC-USD) at 9.75%. 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 | 56.66% | 9.75% | +46.91% |
Volatility (6M)Calculated over the trailing 6-month period | 135.05% | 34.90% | +100.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 148.51% | 35.75% | +112.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 170.85% | 43.96% | +126.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 170.85% | 56.34% | +114.51% |
Frequently Asked Questions
MSTZ and BTC-USD have a correlation of -0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTZ has higher volatility (56.66%) compared to BTC-USD (9.75%). In terms of maximum drawdown, MSTZ dropped -99.38% vs BTC-USD's -85.30%.
MSTZ currently has the higher Sharpe Ratio (1.71 vs -1.05), 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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