PTF vs. MSTZ

Last updated Jul 16, 2026

PTF (Invesco Dorsey Wright Technology Momentum ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - PTF is a Momentum fund tracking the Dorsey Wright Technology Technical Leaders Index, while MSTZ is a Inverse Equities fund actively managed by REX. PTF is passively managed, while MSTZ is actively managed. Over the past year, PTF returned 60.82% vs 252.57% for MSTZ. At a correlation of -0.44, they often move in opposite directions. PTF charges 0.60%/yr vs 1.05%/yr for MSTZ.

Performance

PTF vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dorsey Wright Technology Momentum ETF (PTF) 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, PTF achieves a 42.26% return, which is significantly higher than MSTZ's -31.95% return.

PTF

• 1D: -3.81%
• 1M: -20.00%
• 6M: 31.78%
• YTD: 42.26%
• 1Y: 60.82%
• 3Y*: 29.39%
• 5Y*: 18.13%
• 10Y*: 23.75%

MSTZ

• 1D: -0.09%
• 1M: 46.79%
• 6M: 0.09%
• YTD: -31.95%
• 1Y: 252.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PTF vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PTF Invesco Dorsey Wright Technology Momentum ETF	42.26%	5.68%	19.58%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-31.95%	-38.95%	-94.43%

Correlation

The correlation between PTF and MSTZ is -0.43, 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	-0.43
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	-0.44

Return for Risk

PTF vs. MSTZ — Risk / Return Rank

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

PTF

PTF Risk / Return Rank: 55
PTF Sharpe Ratio Rank: 47
PTF Sortino Ratio Rank: 42
PTF Omega Ratio Rank: 46
PTF Calmar Ratio Rank: 70
PTF Martin Ratio Rank: 70

MSTZ

MSTZ Risk / Return Rank: 61
MSTZ Sharpe Ratio Rank: 65
MSTZ Sortino Ratio Rank: 62
MSTZ Omega Ratio Rank: 64
MSTZ Calmar Ratio Rank: 73
MSTZ Martin Ratio Rank: 43

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.

PTF vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dorsey Wright Technology Momentum ETF (PTF) 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.

	PTF	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	1.34	1.71	-0.37
Sortino ratio: Return per unit of downside risk	1.77	2.37	-0.60
Omega ratio: Gain probability vs. loss probability	1.24	1.31	-0.07
Calmar ratio: Return relative to maximum drawdown	2.80	3.00	-0.20
Martin ratio: Return relative to average drawdown	10.19	5.79	+4.40

PTF vs. MSTZ - Sharpe Ratio Comparison

The current PTF Sharpe Ratio is 1.34, which is comparable to the MSTZ Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of PTF 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

PTF vs. MSTZ - Drawdown Comparison

The maximum PTF drawdown since its inception was -55.38%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for PTF and MSTZ.

Drawdown Indicators

	PTF	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-55.38%	-99.38%	+44.00%
Max Drawdown (1Y) Largest decline over 1 year	-21.86%	-84.89%	+63.03%
Max Drawdown (3Y) Largest decline over 3 years	-36.11%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-44.88%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.88%	—	—
Current Drawdown Current decline from peak	-21.36%	-97.68%	+76.32%
Average Drawdown Average peak-to-trough decline	-13.25%	-94.55%	+81.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.99%	43.81%	-37.82%

Volatility

PTF vs. MSTZ - Volatility Comparison

The current volatility for Invesco Dorsey Wright Technology Momentum ETF (PTF) is 22.58%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 56.66%. This indicates that PTF 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

	PTF	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.58%	56.66%	-34.08%
Volatility (6M) Calculated over the trailing 6-month period	37.35%	135.05%	-97.70%
Volatility (1Y) Calculated over the trailing 1-year period	45.58%	148.51%	-102.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.62%	170.85%	-134.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.83%	170.85%	-137.02%

PTF vs. MSTZ - Expense Ratio Comparison

PTF has a 0.60% expense ratio, which is lower than MSTZ's 1.05% expense ratio.

Dividends

PTF vs. MSTZ - Dividend Comparison

PTF's dividend yield for the trailing twelve months is around 0.01%, while MSTZ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
PTF Invesco Dorsey Wright Technology Momentum ETF	0.01%	0.21%	0.00%	0.07%	0.00%	0.00%	0.00%	0.00%	0.08%	0.04%	0.26%

Frequently Asked Questions

Can I hold both PTF and MSTZ in my portfolio?

PTF and MSTZ have a correlation of -0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTF or MSTZ?

MSTZ has higher volatility (56.66%) compared to PTF (22.58%). In terms of maximum drawdown, PTF dropped -55.38% vs MSTZ's -99.38%.

Which ETF is better, PTF or MSTZ?

On 1-year performance, MSTZ leads with 252.57% vs 60.82% for PTF. On fees, PTF is cheaper at 0.60% per year. On volatility, PTF has been the lower-risk option at 22.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PTF or MSTZ?

Over the 1-year period, MSTZ has performed better with a 252.57% return vs 60.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PTF or MSTZ?

PTF is cheaper with a 0.60% expense ratio, compared with 1.05% for MSTZ.

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

PTF has the higher dividend yield at 0.01%, compared with 0.00% for MSTZ.

What is the main difference between PTF and MSTZ?

PTF is categorized as Momentum, while MSTZ is Inverse Equities. They also come from different issuers: Invesco and REX. Their fees differ too: 0.60% for PTF and 1.05% for MSTZ.

Which has better risk-adjusted returns?

MSTZ currently has the higher Sharpe Ratio (1.71 vs 1.34), 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.