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 167.49% vs -44.42% for BTC-USD. Their -0.57 correlation means they have often moved in opposite directions in the past.
Performance
MSTZ vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, MSTZ achieves a -36.91% return, which is significantly lower than BTC-USD's -26.92% return.
MSTZ
- 1D
- -6.16%
- 1M
- -2.61%
- 6M
- -44.51%
- YTD
- -36.91%
- 1Y
- 167.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -87.10%
BTC-USD
- 1D
- 0.76%
- 1M
- 0.58%
- 6M
- -15.48%
- YTD
- -26.92%
- 1Y
- -44.42%
- 3Y*
- 30.09%
- 5Y*
- 9.36%
- 10Y*
- 59.72%
- ALL TIME*
- 87.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BTC-USD Bitcoin | $1506.18T | $1625.47T | $2048.00T |
| $97.62M | $122.56M | $177.90M |
MSTZ vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MSTZ T-REX 2X Inverse MSTR Daily Target ETF | -36.91% | -38.95% | -94.43% |
BTC-USD Bitcoin | -26.92% | -6.27% | 54.78% |
Correlation
The correlation between MSTZ and BTC-USD is -0.65, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.65 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024 | -0.57 |
The correlation between MSTZ and BTC-USD has been stable across timeframes, ranging from -0.65 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.
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 | +2.16 | ||
| Sortino ratioReturn per unit of downside risk | +3.60 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.85 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | -0.84 | +2.82 |
| Martin ratioReturn relative to average drawdown | 3.67 | -1.28 | +4.94 |
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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 | -97.85% | -48.73% | -49.12% |
Average DrawdownAverage peak-to-trough decline | -94.64% | -42.75% | -51.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.88% | 25.12% | +20.76% |
Volatility
MSTZ vs. BTC-USD - Volatility Comparison
T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a higher volatility of 34.21% compared to Bitcoin (BTC-USD) at 8.45%. 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 | 34.21% | 8.45% | +25.76% |
Volatility (6M)Calculated over the trailing 6-month period | 133.75% | 33.45% | +100.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 149.38% | 35.85% | +113.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 169.58% | 43.62% | +125.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 169.58% | 56.22% | +113.36% |
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 (34.21%) compared to BTC-USD (8.45%). In terms of maximum drawdown, MSTZ dropped -99.38% vs BTC-USD's -85.30%.
MSTZ currently has the higher Sharpe Ratio (1.13 vs -1.03), 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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