MSTZ vs. QBTZ

Last updated Jun 3, 2026

MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) and QBTZ (Defiance Daily Target 2X Short QBTS ETF) are both Inverse Equities funds. Both are actively managed. A 0.53 correlation means they provide meaningful diversification when combined. MSTZ charges 1.05%/yr vs 1.29%/yr for QBTZ.

Performance

MSTZ vs. QBTZ - 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 Defiance Daily Target 2X Short QBTS ETF (QBTZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSTZ achieves a -53.41% return, which is significantly higher than QBTZ's -88.52% return.

MSTZ

• 1D: 18.20%
• 1M: 51.33%
• YTD: -53.41%
• 6M: -37.72%
• 1Y: 56.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QBTZ

• 1D: -5.19%
• 1M: -78.83%
• YTD: -88.52%
• 6M: -94.68%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSTZ vs. QBTZ - Yearly Performance Comparison

	2026 (YTD)	2025
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-53.41%	251.07%
QBTZ Defiance Daily Target 2X Short QBTS ETF	-88.52%	-50.03%

Correlation

The correlation between MSTZ and QBTZ is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 8, 2025	0.53

Return for Risk

MSTZ vs. QBTZ — Risk / Return Rank

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

MSTZ

MSTZ Risk / Return Rank: 21
MSTZ Sharpe Ratio Rank: 15
MSTZ Sortino Ratio Rank: 28
MSTZ Omega Ratio Rank: 29
MSTZ Calmar Ratio Rank: 17
MSTZ Martin Ratio Rank: 15

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. QBTZ - 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 Defiance Daily Target 2X Short QBTS ETF (QBTZ). 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	QBTZ	Difference
Sharpe ratio Return per unit of total volatility	0.41	—	—
Sortino ratio Return per unit of downside risk	1.52	—	—
Omega ratio Gain probability vs. loss probability	1.19	—	—
Calmar ratio Return relative to maximum drawdown	0.64	—	—
Martin ratio Return relative to average drawdown	1.35	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MSTZ	QBTZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.54	-0.42	-0.11

Drawdowns

MSTZ vs. QBTZ - Drawdown Comparison

The maximum MSTZ drawdown since its inception was -99.36%, roughly equal to the maximum QBTZ drawdown of -96.03%. Use the drawdown chart below to compare losses from any high point for MSTZ and QBTZ.

Drawdown Indicators

	MSTZ	QBTZ	Difference
Max Drawdown Largest peak-to-trough decline	-99.36%	-96.03%	-3.33%
Max Drawdown (1Y) Largest decline over 1 year	-84.89%	—	—
Current Drawdown Current decline from peak	-98.37%	-96.01%	-2.36%
Average Drawdown Average peak-to-trough decline	-94.38%	-55.39%	-38.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.08%	—	—

Volatility

Volatility by Period

	MSTZ	QBTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	37.37%	—	—
Volatility (6M) Calculated over the trailing 6-month period	125.27%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	139.71%	234.95%	-95.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	170.21%	234.95%	-64.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	170.21%	234.95%	-64.74%

MSTZ vs. QBTZ - Expense Ratio Comparison

MSTZ has a 1.05% expense ratio, which is lower than QBTZ's 1.29% expense ratio.

Dividends

MSTZ vs. QBTZ - Dividend Comparison

Neither MSTZ nor QBTZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MSTZ and QBTZ in my portfolio?

MSTZ and QBTZ have a correlation of 0.53, 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 QBTZ?

On fees, MSTZ is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MSTZ or QBTZ?

MSTZ is cheaper with a 1.05% expense ratio, compared with 1.29% for QBTZ.

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

MSTZ and QBTZ have nearly identical dividend yields, around 0.00%.

What is the main difference between MSTZ and QBTZ?

They also come from different issuers: REX and Defiance ETFs. Their fees differ too: 1.05% for MSTZ and 1.29% for QBTZ.