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 138.79% vs -40.30% 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
The year-to-date returns for both investments are quite close, with MSTZ having a -28.57% return and BTC-USD slightly higher at -28.07%.
MSTZ
- 1D
- 10.06%
- 1M
- 102.15%
- YTD
- -28.57%
- 6M
- -23.10%
- 1Y
- 138.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -1.58%
- 1M
- -18.24%
- YTD
- -28.07%
- 6M
- -28.01%
- 1Y
- -40.30%
- 3Y*
- 27.25%
- 5Y*
- 12.68%
- 10Y*
- 57.41%
MSTZ vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MSTZ T-REX 2X Inverse MSTR Daily Target ETF | -28.57% | -38.95% | -94.43% |
BTC-USD Bitcoin | -28.07% | -6.27% | 54.78% |
Correlation
The correlation between MSTZ and BTC-USD is -0.64, 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 | -0.64 |
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 -0.64 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 | +1.91 | ||
| Sortino ratioReturn per unit of downside risk | +3.30 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.86 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | -0.79 | +2.43 |
| Martin ratioReturn relative to average drawdown | 3.27 | -1.32 | +4.60 |
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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% | -51.21% | -33.68% |
Max Drawdown (3Y)Largest decline over 3 years | — | -51.21% | — |
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 | -97.57% | -49.54% | -48.03% |
Average DrawdownAverage peak-to-trough decline | -94.45% | -42.40% | -52.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.87% | 31.29% | +11.58% |
Volatility
MSTZ vs. BTC-USD - Volatility Comparison
T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a higher volatility of 42.31% compared to Bitcoin (BTC-USD) at 12.23%. 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 | 42.31% | 12.23% | +30.08% |
Volatility (6M)Calculated over the trailing 6-month period | 127.64% | 34.57% | +93.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 143.71% | 35.70% | +108.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 169.81% | 44.26% | +125.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 169.81% | 56.41% | +113.40% |
Frequently Asked Questions
MSTZ and BTC-USD have a correlation of -0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTZ has higher volatility (42.31%) compared to BTC-USD (12.23%). In terms of maximum drawdown, MSTZ dropped -99.38% vs BTC-USD's -85.30%.
MSTZ currently has the higher Sharpe Ratio (0.97 vs -0.94), 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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