OILD vs. MSTZ

Last updated Aug 5, 2026

OILD (MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both Inverse Equities funds from REX. OILD is passively managed, while MSTZ is actively managed. Over the past year, OILD returned -70.97% vs 167.49% for MSTZ. Their 0.10 correlation means their historical movements had little consistent relationship. OILD charges 0.95%/yr vs 1.05%/yr for MSTZ.

Performance

OILD vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) and T-REX 2X Inverse MSTR Daily Target ETF (MSTZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OILD achieves a -62.98% return, which is significantly lower than MSTZ's -36.91% return.

OILD

• 1D: 1.27%
• 1M: -27.98%
• 6M: -43.08%
• YTD: -62.98%
• 1Y: -70.97%
• 3Y*: -42.92%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -58.87%

MSTZ

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

*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
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs	$2.68M	$2.54M	$3.73M

OILD vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs	-62.98%	-41.67%	-1.42%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-36.91%	-38.95%	-94.43%

Correlation

The correlation between OILD and MSTZ is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.01
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	0.10

Return for Risk

OILD vs. MSTZ — Risk / Return Rank

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

OILD

OILD Risk / Return Rank: 1
OILD Sharpe Ratio Rank: 1
OILD Sortino Ratio Rank: 0
OILD Omega Ratio Rank: 1
OILD Calmar Ratio Rank: 1
OILD Martin Ratio Rank: 1

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

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.

OILD vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) and T-REX 2X Inverse MSTR Daily Target ETF (MSTZ). 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.

	OILD	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	-1.12	1.13	-2.26
Sortino ratio: Return per unit of downside risk	-2.25	2.08	-4.33
Omega ratio: Gain probability vs. loss probability	0.77	1.27	-0.49
Calmar ratio: Return relative to maximum drawdown	-0.95	1.99	-2.94
Martin ratio: Return relative to average drawdown	-1.42	3.67	-5.09

OILD vs. MSTZ - Sharpe Ratio Comparison

The current OILD Sharpe Ratio is -1.12, which is lower than the MSTZ Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of OILD and MSTZ, 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

OILD vs. MSTZ - Drawdown Comparison

The maximum OILD drawdown since its inception was -98.90%, roughly equal to the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for OILD and MSTZ.

Drawdown Indicators

	OILD	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-98.90%	-99.38%	+0.48%
Max Drawdown (1Y) Largest decline over 1 year	-74.53%	-84.89%	+10.36%
Max Drawdown (3Y) Largest decline over 3 years	-85.42%	—	—
Current Drawdown Current decline from peak	-98.80%	-97.85%	-0.95%
Average Drawdown Average peak-to-trough decline	-88.92%	-94.64%	+5.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	50.00%	45.88%	+4.12%

Volatility

OILD vs. MSTZ - Volatility Comparison

The current volatility for MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) is 20.27%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 34.21%. This indicates that OILD experiences smaller price fluctuations and is considered to be less risky than MSTZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OILD	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.27%	34.21%	-13.94%
Volatility (6M) Calculated over the trailing 6-month period	50.12%	133.75%	-83.63%
Volatility (1Y) Calculated over the trailing 1-year period	63.36%	149.38%	-86.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.04%	169.58%	-90.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.04%	169.58%	-90.54%

OILD vs. MSTZ - Expense Ratio Comparison

OILD has a 0.95% expense ratio, which is lower than MSTZ's 1.05% expense ratio.

Dividends

OILD vs. MSTZ - Dividend Comparison

Neither OILD nor MSTZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both OILD and MSTZ in my portfolio?

OILD and MSTZ have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OILD or MSTZ?

MSTZ has higher volatility (34.21%) compared to OILD (20.27%). In terms of maximum drawdown, OILD dropped -98.90% vs MSTZ's -99.38%.

Which ETF is better, OILD or MSTZ?

On 1-year performance, MSTZ leads with 167.49% vs -70.97% for OILD. On fees, OILD is cheaper at 0.95% per year. On volatility, OILD has been the lower-risk option at 20.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OILD or MSTZ?

Over the 1-year period, MSTZ has performed better with a 167.49% return vs -70.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OILD or MSTZ?

OILD is cheaper with a 0.95% expense ratio, compared with 1.05% for MSTZ.

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

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

What is the main difference between OILD and MSTZ?

Their fees differ too: 0.95% for OILD and 1.05% for MSTZ.

Which has better risk-adjusted returns?

MSTZ currently has the higher Sharpe Ratio (1.13 vs -1.12), 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.