MSTZ vs. MSII

Last updated Aug 5, 2026

MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) and MSII (REX MSTR Growth & Income ETF) are both exchange-traded funds - MSTZ is a Inverse Equities fund actively managed by REX, while MSII is a Leveraged Equities fund actively managed by REX. Both are actively managed. Their -0.90 correlation means they have often moved in opposite directions in the past. MSTZ charges 1.05%/yr vs 0.99%/yr for MSII.

Performance

MSTZ vs. MSII - 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 REX MSTR Growth & Income ETF (MSII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MSTZ

• 1D: -6.16%
• 1M: -2.61%
• 6M: -44.51%
• YTD: -36.91%
• 1Y: 167.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -87.10%

MSII

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	$97.62M	$122.56M	$177.90M

MSTZ vs. MSII - Yearly Performance Comparison

	2026 (YTD)	2025
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-36.91%	265.67%
MSII REX MSTR Growth & Income ETF	-28.10%	-61.03%

Correlation

The correlation between MSTZ and MSII is -0.89, 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.	-0.89
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025	-0.90

The correlation between MSTZ and MSII has been stable across timeframes, ranging from -0.90 to -0.89 - a consistent structural relationship.

Return for Risk

MSTZ vs. MSII — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MSTZ

MSTZ Risk / Return Rank: 45
MSTZ Sharpe Ratio Rank: 40
MSTZ Sortino Ratio Rank: 52
MSTZ Omega Ratio Rank: 52
MSTZ Calmar Ratio Rank: 49
MSTZ Martin Ratio Rank: 34

MSII

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MSTZ vs. MSII - 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 REX MSTR Growth & Income ETF (MSII). 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	MSII	Difference
Sharpe ratio: Return per unit of total volatility	1.13	—	—
Sortino ratio: Return per unit of downside risk	2.08	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	1.99	—	—
Martin ratio: Return relative to average drawdown	3.67	—	—

Drawdowns

Drawdown Indicators

	MSTZ	MSII	Difference
Max Drawdown Largest peak-to-trough decline	-99.38%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-84.89%	—	—
Current Drawdown Current decline from peak	-97.85%	—	—
Average Drawdown Average peak-to-trough decline	-94.64%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	45.88%	—	—

Volatility

Volatility by Period

	MSTZ	MSII	Difference
Volatility (1M) Calculated over the trailing 1-month period	34.21%	—	—
Volatility (6M) Calculated over the trailing 6-month period	133.75%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	149.38%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	169.58%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	169.58%	—	—

MSTZ vs. MSII - Expense Ratio Comparison

MSTZ has a 1.05% expense ratio, which is higher than MSII's 0.99% expense ratio.

Dividends

MSTZ vs. MSII - Dividend Comparison

Neither MSTZ nor MSII has paid dividends to shareholders.

Position	TTM	2025
MSII REX MSTR Growth & Income ETF	60.40%	48.93%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both MSTZ and MSII in my portfolio?

MSTZ and MSII have a correlation of -0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSTZ or MSII?

On fees, MSII is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MSTZ or MSII?

MSII is cheaper with a 0.99% expense ratio, compared with 1.05% for MSTZ.

Which ETF pays a higher dividend yield, MSTZ or MSII?

MSII has the higher dividend yield at 60.40%, compared with 0.00% for MSTZ.

What is the main difference between MSTZ and MSII?

MSTZ is categorized as Inverse Equities, while MSII is Leveraged Equities. Their fees differ too: 1.05% for MSTZ and 0.99% for MSII.