QTUM vs. MSTZ

Last updated Jun 26, 2026

QTUM (Defiance Quantum ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - QTUM is a Technology Equities fund tracking the BlueStar Machine Learning and Quantum Computing Index, while MSTZ is a Inverse Equities fund actively managed by REX. QTUM is passively managed, while MSTZ is actively managed. Over the past year, QTUM returned 79.78% vs 279.21% for MSTZ. At a correlation of -0.51, they often move in opposite directions. QTUM charges 0.40%/yr vs 1.05%/yr for MSTZ.

Performance

QTUM vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Quantum ETF (QTUM) 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, QTUM achieves a 46.66% return, which is significantly higher than MSTZ's 1.05% return.

QTUM

• 1D: 0.22%
• 1M: 1.19%
• YTD: 46.66%
• 6M: 44.23%
• 1Y: 79.78%
• 3Y*: 50.10%
• 5Y*: 27.89%
• 10Y*: —

MSTZ

• 1D: 19.27%
• 1M: 186.45%
• YTD: 1.05%
• 6M: 9.89%
• 1Y: 279.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QTUM vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QTUM Defiance Quantum ETF	46.66%	36.65%	34.55%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	1.05%	-38.95%	-94.43%

Correlation

The correlation between QTUM 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	-0.51

The correlation between QTUM and MSTZ has been stable across timeframes, ranging from -0.53 to -0.51 - a consistent structural relationship.

Return for Risk

QTUM vs. MSTZ — Risk / Return Rank

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

QTUM

QTUM Risk / Return Rank: 89
QTUM Sharpe Ratio Rank: 92
QTUM Sortino Ratio Rank: 85
QTUM Omega Ratio Rank: 84
QTUM Calmar Ratio Rank: 92
QTUM Martin Ratio Rank: 91

MSTZ

MSTZ Risk / Return Rank: 62
MSTZ Sharpe Ratio Rank: 69
MSTZ Sortino Ratio Rank: 60
MSTZ Omega Ratio Rank: 59
MSTZ Calmar Ratio Rank: 74
MSTZ Martin Ratio Rank: 45

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.

QTUM vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Quantum ETF (QTUM) 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.

	QTUM	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	2.76	1.93	+0.82
Sortino ratio: Return per unit of downside risk	3.27	2.48	+0.79
Omega ratio: Gain probability vs. loss probability	1.44	1.32	+0.12
Calmar ratio: Return relative to maximum drawdown	5.26	3.31	+1.94
Martin ratio: Return relative to average drawdown	18.84	6.57	+12.26

QTUM vs. MSTZ - Sharpe Ratio Comparison

The current QTUM Sharpe Ratio is 2.76, which is higher than the MSTZ Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of QTUM 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

QTUM vs. MSTZ - Drawdown Comparison

The maximum QTUM drawdown since its inception was -38.45%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for QTUM and MSTZ.

Drawdown Indicators

	QTUM	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-38.45%	-99.38%	+60.93%
Max Drawdown (1Y) Largest decline over 1 year	-15.26%	-84.89%	+69.63%
Max Drawdown (3Y) Largest decline over 3 years	-25.39%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-38.45%	—	—
Current Drawdown Current decline from peak	-4.89%	-96.56%	+91.67%
Average Drawdown Average peak-to-trough decline	-8.22%	-94.46%	+86.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.25%	42.70%	-38.45%

Volatility

QTUM vs. MSTZ - Volatility Comparison

The current volatility for Defiance Quantum ETF (QTUM) is 14.51%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 46.08%. This indicates that QTUM 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

	QTUM	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.51%	46.08%	-31.57%
Volatility (6M) Calculated over the trailing 6-month period	23.72%	129.73%	-106.01%
Volatility (1Y) Calculated over the trailing 1-year period	29.11%	145.84%	-116.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.18%	170.65%	-143.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.47%	170.65%	-143.18%

QTUM vs. MSTZ - Expense Ratio Comparison

QTUM has a 0.40% expense ratio, which is lower than MSTZ's 1.05% expense ratio.

Dividends

QTUM vs. MSTZ - Dividend Comparison

QTUM's dividend yield for the trailing twelve months is around 0.73%, while MSTZ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
QTUM Defiance Quantum ETF	0.73%	1.01%	0.61%	0.81%	1.46%	0.48%	0.42%	0.61%	0.21%

Frequently Asked Questions

Can I hold both QTUM and MSTZ in my portfolio?

QTUM 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.

Which is riskier, QTUM or MSTZ?

MSTZ has higher volatility (46.08%) compared to QTUM (14.51%). In terms of maximum drawdown, QTUM dropped -38.45% vs MSTZ's -99.38%.

Which ETF is better, QTUM or MSTZ?

On 1-year performance, MSTZ leads with 279.21% vs 79.78% for QTUM. On fees, QTUM is cheaper at 0.40% per year. On volatility, QTUM has been the lower-risk option at 14.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QTUM or MSTZ?

Over the 1-year period, MSTZ has performed better with a 279.21% return vs 79.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QTUM or MSTZ?

QTUM is cheaper with a 0.40% expense ratio, compared with 1.05% for MSTZ.

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

QTUM has the higher dividend yield at 0.73%, compared with 0.00% for MSTZ.

What is the main difference between QTUM and MSTZ?

QTUM is categorized as Technology Equities, while MSTZ is Inverse Equities. They also come from different issuers: Defiance and REX. Their fees differ too: 0.40% for QTUM and 1.05% for MSTZ.

Which has better risk-adjusted returns?

QTUM currently has the higher Sharpe Ratio (2.76 vs 1.93), 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.