MSTZ vs. TSLZ

Last updated Aug 5, 2026

MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) and TSLZ (T-Rex 2X Inverse Tesla Daily Target ETF) are both Inverse Equities funds. Both are actively managed. Over the past year, MSTZ returned 167.49% vs -51.66% for TSLZ. Their 0.42 correlation means their historical movements had little consistent relationship. Both charge a 1.05% expense ratio.

Performance

MSTZ vs. TSLZ - 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 T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSTZ achieves a -36.91% return, which is significantly lower than TSLZ's 30.55% return.

MSTZ

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

TSLZ

• 1D: -3.37%
• 1M: 29.62%
• 6M: 18.97%
• YTD: 30.55%
• 1Y: -51.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -72.77%

*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
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	$38.09M	$32.22M	$41.20M

MSTZ vs. TSLZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-36.91%	-38.95%	-94.43%
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	30.55%	-75.98%	-81.72%

Correlation

The correlation between MSTZ and TSLZ is 0.44, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.44
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	0.42

Return for Risk

MSTZ vs. TSLZ — 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

TSLZ

TSLZ Risk / Return Rank: 5
TSLZ Sharpe Ratio Rank: 4
TSLZ Sortino Ratio Rank: 5
TSLZ Omega Ratio Rank: 5
TSLZ Calmar Ratio Rank: 3
TSLZ Martin Ratio Rank: 5

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. TSLZ - 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 T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ). 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	TSLZ	Difference
Sharpe ratio: Return per unit of total volatility	1.13	-0.56	+1.70
Sortino ratio: Return per unit of downside risk	2.08	-0.48	+2.56
Omega ratio: Gain probability vs. loss probability	1.27	0.95	+0.32
Calmar ratio: Return relative to maximum drawdown	1.99	-0.76	+2.74
Martin ratio: Return relative to average drawdown	3.67	-0.93	+4.60

MSTZ vs. TSLZ - Sharpe Ratio Comparison

The current MSTZ Sharpe Ratio is 1.13, which is higher than the TSLZ Sharpe Ratio of -0.56. The chart below compares the historical Sharpe Ratios of MSTZ and TSLZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MSTZ vs. TSLZ - Drawdown Comparison

The maximum MSTZ drawdown since its inception was -99.38%, roughly equal to the maximum TSLZ drawdown of -99.11%. Use the drawdown chart below to compare losses from any high point for MSTZ and TSLZ.

Drawdown Indicators

	MSTZ	TSLZ	Difference
Max Drawdown Largest peak-to-trough decline	-99.38%	-99.11%	-0.27%
Max Drawdown (1Y) Largest decline over 1 year	-84.89%	-68.61%	-16.28%
Current Drawdown Current decline from peak	-97.85%	-98.63%	+0.78%
Average Drawdown Average peak-to-trough decline	-94.64%	-76.66%	-17.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	45.88%	55.35%	-9.47%

Volatility

MSTZ vs. TSLZ - Volatility Comparison

T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) and T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) have volatilities of 34.21% and 32.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSTZ	TSLZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	34.21%	32.71%	+1.50%
Volatility (6M) Calculated over the trailing 6-month period	133.75%	67.42%	+66.33%
Volatility (1Y) Calculated over the trailing 1-year period	149.38%	91.78%	+57.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	169.58%	117.59%	+51.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	169.58%	117.59%	+51.99%

MSTZ vs. TSLZ - Expense Ratio Comparison

Both MSTZ and TSLZ have an expense ratio of 1.05%.

Dividends

MSTZ vs. TSLZ - Dividend Comparison

MSTZ has not paid dividends to shareholders, while TSLZ's dividend yield for the trailing twelve months is around 0.53%.

Position	TTM	2025	2024	2023
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	0.00%	0.00%	0.00%	0.00%
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	0.53%	0.69%	2.08%	12.15%

Frequently Asked Questions

Can I hold both MSTZ and TSLZ in my portfolio?

MSTZ and TSLZ have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSTZ or TSLZ?

MSTZ has higher volatility (34.21%) compared to TSLZ (32.71%). In terms of maximum drawdown, MSTZ dropped -99.38% vs TSLZ's -99.11%.

Which ETF is better, MSTZ or TSLZ?

On 1-year performance, MSTZ leads with 167.49% vs -51.66% for TSLZ. Both ETFs have the same 1.05% expense ratio. On volatility, TSLZ has been the lower-risk option at 32.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSTZ or TSLZ?

Over the 1-year period, MSTZ has performed better with a 167.49% return vs -51.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSTZ or TSLZ?

MSTZ and TSLZ have the same expense ratio: 1.05% per year.

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

TSLZ has the higher dividend yield at 0.53%, compared with 0.00% for MSTZ.

What is the main difference between MSTZ and TSLZ?

They also come from different issuers: REX and T-Rex.

Which has better risk-adjusted returns?

MSTZ currently has the higher Sharpe Ratio (1.13 vs -0.56), 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.