PFXF vs. MSTZ
PFXF (VanEck Preferred Securities ex Financials ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - PFXF is a Preferred Stock/Convertible Bonds fund tracking the ICE Exchange-Listed Fixed & Adjustable Rate Non-Financial Preferred Securities Index, while MSTZ is a Inverse Equities fund actively managed by REX. PFXF is passively managed, while MSTZ is actively managed. Over the past year, PFXF returned 7.70% vs 266.72% for MSTZ. At a correlation of -0.40, they often move in opposite directions. PFXF charges 0.40%/yr vs 1.05%/yr for MSTZ.
Performance
PFXF vs. MSTZ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PFXF achieves a 3.21% return, which is significantly higher than MSTZ's -31.90% return.
PFXF
- 1D
- 0.80%
- 1M
- -3.26%
- 6M
- -0.35%
- YTD
- 3.21%
- 1Y
- 7.70%
- 3Y*
- 7.93%
- 5Y*
- 3.22%
- 10Y*
- 4.65%
MSTZ
- 1D
- -11.25%
- 1M
- 29.92%
- 6M
- -7.52%
- YTD
- -31.90%
- 1Y
- 266.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PFXF vs. MSTZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PFXF VanEck Preferred Securities ex Financials ETF | 3.21% | 9.64% | -2.21% |
MSTZ T-REX 2X Inverse MSTR Daily Target ETF | -31.90% | -38.95% | -94.43% |
Correlation
The correlation between PFXF and MSTZ is -0.53, 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 | -0.53 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024 | -0.40 |
The correlation between PFXF and MSTZ shifts across timeframes, from -0.53 (1 year) to -0.40 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PFXF vs. MSTZ — Risk / Return Rank
PFXF
MSTZ
PFXF vs. MSTZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Preferred Securities ex Financials ETF (PFXF) 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.
| PFXF | MSTZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.31 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 3.16 | -1.98 |
| Martin ratioReturn relative to average drawdown | 3.48 | 6.14 | -2.66 |
Loading charts...
Drawdowns
PFXF vs. MSTZ - Drawdown Comparison
The maximum PFXF drawdown since its inception was -35.49%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for PFXF and MSTZ.
Loading charts...
Drawdown Indicators
| PFXF | MSTZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.49% | -99.38% | +63.89% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -84.89% | +78.34% |
Max Drawdown (3Y)Largest decline over 3 years | -11.90% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.80% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.49% | — | — |
Current DrawdownCurrent decline from peak | -5.81% | -97.68% | +91.87% |
Average DrawdownAverage peak-to-trough decline | -3.91% | -94.54% | +90.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 43.66% | -41.44% |
Volatility
PFXF vs. MSTZ - Volatility Comparison
The current volatility for VanEck Preferred Securities ex Financials ETF (PFXF) is 3.56%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 57.19%. This indicates that PFXF 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.
Loading charts...
Volatility by Period
| PFXF | MSTZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.56% | 57.19% | -53.63% |
Volatility (6M)Calculated over the trailing 6-month period | 7.62% | 135.18% | -127.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.56% | 148.74% | -139.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.06% | 171.04% | -159.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.27% | 171.04% | -157.77% |
PFXF vs. MSTZ - Expense Ratio Comparison
PFXF has a 0.40% expense ratio, which is lower than MSTZ's 1.05% expense ratio.
Dividends
PFXF vs. MSTZ - Dividend Comparison
PFXF's dividend yield for the trailing twelve months is around 6.50%, while MSTZ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSTZ T-REX 2X Inverse MSTR Daily Target ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PFXF VanEck Preferred Securities ex Financials ETF | 6.50% | 6.72% | 7.82% | 7.88% | 6.74% | 4.66% | 5.19% | 5.35% | 6.56% | 5.93% | 5.81% | 5.99% |
Frequently Asked Questions
PFXF and MSTZ 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.
MSTZ has higher volatility (57.19%) compared to PFXF (3.56%). In terms of maximum drawdown, PFXF dropped -35.49% vs MSTZ's -99.38%.
On 1-year performance, MSTZ leads with 266.72% vs 7.70% for PFXF. On fees, PFXF is cheaper at 0.40% per year. On volatility, PFXF has been the lower-risk option at 3.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MSTZ has performed better with a 266.72% return vs 7.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PFXF is cheaper with a 0.40% expense ratio, compared with 1.05% for MSTZ.
PFXF has the higher dividend yield at 6.50%, compared with 0.00% for MSTZ.
PFXF is categorized as Preferred Stock/Convertible Bonds, while MSTZ is Inverse Equities. They also come from different issuers: VanEck and REX. Their fees differ too: 0.40% for PFXF and 1.05% for MSTZ.
MSTZ currently has the higher Sharpe Ratio (1.81 vs 0.81), 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.
Find the right allocation for PFXF and MSTZ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer