QQDN vs. MSTZ
QQDN (ProShares UltraShort QQQ Mega) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both Inverse Equities funds. QQDN is passively managed, while MSTZ is actively managed. At a 0.45 correlation, their price movements are largely independent. QQDN charges 0.95%/yr vs 1.05%/yr for MSTZ.
Performance
QQDN vs. MSTZ - Performance Comparison
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Returns By Period
In the year-to-date period, QQDN achieves a -17.46% return, which is significantly higher than MSTZ's -49.10% return.
QQDN
- 1D
- -0.14%
- 1M
- -6.55%
- YTD
- -17.46%
- 6M
- -13.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTZ
- 1D
- -4.17%
- 1M
- 84.18%
- YTD
- -49.10%
- 6M
- -27.85%
- 1Y
- 77.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQDN vs. MSTZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQDN ProShares UltraShort QQQ Mega | -17.46% | -34.14% |
MSTZ T-REX 2X Inverse MSTR Daily Target ETF | -49.10% | 255.07% |
Correlation
The correlation between QQDN and MSTZ is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025 | 0.45 |
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Return for Risk
QQDN vs. MSTZ — Risk / Return Rank
QQDN
MSTZ
QQDN vs. MSTZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort QQQ Mega (QQDN) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| QQDN | MSTZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.21 | -0.53 | -0.68 |
Drawdowns
QQDN vs. MSTZ - Drawdown Comparison
The maximum QQDN drawdown since its inception was -50.19%, smaller than the maximum MSTZ drawdown of -99.36%. Use the drawdown chart below to compare losses from any high point for QQDN and MSTZ.
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Drawdown Indicators
| QQDN | MSTZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.19% | -99.36% | +49.17% |
Max Drawdown (1Y)Largest decline over 1 year | — | -84.89% | — |
Current DrawdownCurrent decline from peak | -47.00% | -98.21% | +51.21% |
Average DrawdownAverage peak-to-trough decline | -30.23% | -94.40% | +64.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 40.54% | — |
Volatility
QQDN vs. MSTZ - Volatility Comparison
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Volatility by Period
| QQDN | MSTZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 37.72% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 125.30% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 38.51% | 140.15% | -101.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.51% | 170.19% | -131.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.51% | 170.19% | -131.68% |
QQDN vs. MSTZ - Expense Ratio Comparison
QQDN has a 0.95% expense ratio, which is lower than MSTZ's 1.05% expense ratio.
Dividends
QQDN vs. MSTZ - Dividend Comparison
QQDN's dividend yield for the trailing twelve months is around 4.93%, while MSTZ has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
MSTZ T-REX 2X Inverse MSTR Daily Target ETF | 0.00% | 0.00% |
QQDN ProShares UltraShort QQQ Mega | 4.93% | 3.42% |
Frequently Asked Questions
QQDN and MSTZ have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQDN is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQDN is cheaper with a 0.95% expense ratio, compared with 1.05% for MSTZ.
QQDN has the higher dividend yield at 4.93%, compared with 0.00% for MSTZ.
They also come from different issuers: ProShares and REX. Their fees differ too: 0.95% for QQDN and 1.05% for MSTZ.
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