QQH vs. MSTZ

Last updated Jul 12, 2026

QQH (HCM Defender 100 Index ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - QQH is a Technology Equities fund tracking the HCM Defender 100 Index, while MSTZ is a Inverse Equities fund actively managed by REX. QQH is passively managed, while MSTZ is actively managed. Over the past year, QQH returned 25.71% vs 264.10% for MSTZ. At a correlation of -0.46, they often move in opposite directions. QQH charges 1.14%/yr vs 1.05%/yr for MSTZ.

Performance

QQH vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HCM Defender 100 Index ETF (QQH) 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, QQH achieves a 10.24% return, which is significantly higher than MSTZ's -26.97% return.

QQH

• 1D: 0.68%
• 1M: 1.46%
• 6M: 8.00%
• YTD: 10.24%
• 1Y: 25.71%
• 3Y*: 22.29%
• 5Y*: 11.77%
• 10Y*: —

MSTZ

• 1D: -1.53%
• 1M: 39.32%
• 6M: -19.19%
• YTD: -26.97%
• 1Y: 264.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQH vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQH HCM Defender 100 Index ETF	10.24%	15.66%	11.27%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-26.97%	-38.95%	-94.43%

Correlation

The correlation between QQH and MSTZ is -0.46, 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	-0.46
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	-0.46

Return for Risk

QQH vs. MSTZ — Risk / Return Rank

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

QQH

QQH Risk / Return Rank: 36
QQH Sharpe Ratio Rank: 37
QQH Sortino Ratio Rank: 34
QQH Omega Ratio Rank: 36
QQH Calmar Ratio Rank: 39
QQH Martin Ratio Rank: 34

MSTZ

MSTZ Risk / Return Rank: 60
MSTZ Sharpe Ratio Rank: 61
MSTZ Sortino Ratio Rank: 62
MSTZ Omega Ratio Rank: 63
MSTZ Calmar Ratio Rank: 71
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.

QQH vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HCM Defender 100 Index ETF (QQH) 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.

	QQH	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	1.09	1.64	-0.55
Sortino ratio: Return per unit of downside risk	1.52	2.34	-0.82
Omega ratio: Gain probability vs. loss probability	1.20	1.30	-0.11
Calmar ratio: Return relative to maximum drawdown	1.58	2.86	-1.28
Martin ratio: Return relative to average drawdown	4.09	5.59	-1.50

QQH vs. MSTZ - Sharpe Ratio Comparison

The current QQH Sharpe Ratio is 1.09, which is lower than the MSTZ Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of QQH 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

QQH vs. MSTZ - Drawdown Comparison

The maximum QQH drawdown since its inception was -41.87%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for QQH and MSTZ.

Drawdown Indicators

	QQH	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-41.87%	-99.38%	+57.51%
Max Drawdown (1Y) Largest decline over 1 year	-16.18%	-84.89%	+68.71%
Max Drawdown (3Y) Largest decline over 3 years	-24.84%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-41.87%	—	—
Current Drawdown Current decline from peak	-4.49%	-97.51%	+93.02%
Average Drawdown Average peak-to-trough decline	-12.83%	-94.53%	+81.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.25%	43.41%	-37.16%

Volatility

QQH vs. MSTZ - Volatility Comparison

The current volatility for HCM Defender 100 Index ETF (QQH) is 10.81%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 56.46%. This indicates that QQH 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

	QQH	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.81%	56.46%	-45.65%
Volatility (6M) Calculated over the trailing 6-month period	18.56%	135.20%	-116.64%
Volatility (1Y) Calculated over the trailing 1-year period	23.57%	148.41%	-124.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.13%	171.17%	-149.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.02%	171.17%	-146.15%

QQH vs. MSTZ - Expense Ratio Comparison

QQH has a 1.14% expense ratio, which is higher than MSTZ's 1.05% expense ratio.

Dividends

QQH vs. MSTZ - Dividend Comparison

QQH's dividend yield for the trailing twelve months is around 0.19%, while MSTZ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
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%
QQH HCM Defender 100 Index ETF	0.19%	0.21%	0.24%	0.27%	0.00%	0.00%	0.00%	0.21%

Frequently Asked Questions

Can I hold both QQH and MSTZ in my portfolio?

QQH and MSTZ have a correlation of -0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQH or MSTZ?

MSTZ has higher volatility (56.46%) compared to QQH (10.81%). In terms of maximum drawdown, QQH dropped -41.87% vs MSTZ's -99.38%.

Which ETF is better, QQH or MSTZ?

On 1-year performance, MSTZ leads with 264.10% vs 25.71% for QQH. On fees, MSTZ is cheaper at 1.05% per year. On volatility, QQH has been the lower-risk option at 10.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQH or MSTZ?

Over the 1-year period, MSTZ has performed better with a 264.10% return vs 25.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQH or MSTZ?

MSTZ is cheaper with a 1.05% expense ratio, compared with 1.14% for QQH.

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

QQH has the higher dividend yield at 0.19%, compared with 0.00% for MSTZ.

What is the main difference between QQH and MSTZ?

QQH is categorized as Technology Equities, while MSTZ is Inverse Equities. They also come from different issuers: Howard Capital Management and REX. Their fees differ too: 1.14% for QQH and 1.05% for MSTZ.

Which has better risk-adjusted returns?

MSTZ currently has the higher Sharpe Ratio (1.64 vs 1.09), 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.