QYLG vs. MSTZ

Last updated Jul 14, 2026

QYLG (Global X Nasdaq 100 Covered Call & Growth ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - QYLG is a Nasdaq-100 fund tracking the CBOE Nasdaq-100 BuyWrite V2 Index, while MSTZ is a Inverse Equities fund actively managed by REX. QYLG is passively managed, while MSTZ is actively managed. Over the past year, QYLG returned 25.69% vs 282.56% for MSTZ. At a correlation of -0.48, they often move in opposite directions. QYLG charges 0.60%/yr vs 1.05%/yr for MSTZ.

Performance

QYLG vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) 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, QYLG achieves a 12.90% return, which is significantly higher than MSTZ's -23.27% return.

QYLG

• 1D: -1.71%
• 1M: 0.11%
• 6M: 10.91%
• YTD: 12.90%
• 1Y: 25.69%
• 3Y*: 18.73%
• 5Y*: 11.73%
• 10Y*: —

MSTZ

• 1D: 5.07%
• 1M: 46.38%
• 6M: -9.68%
• YTD: -23.27%
• 1Y: 282.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QYLG vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QYLG Global X Nasdaq 100 Covered Call & Growth ETF	12.90%	15.29%	7.35%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-23.27%	-38.95%	-94.43%

Correlation

The correlation between QYLG and MSTZ is -0.48, 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	-0.48
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	-0.48

Return for Risk

QYLG vs. MSTZ — Risk / Return Rank

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

QYLG

QYLG Risk / Return Rank: 73
QYLG Sharpe Ratio Rank: 71
QYLG Sortino Ratio Rank: 68
QYLG Omega Ratio Rank: 69
QYLG Calmar Ratio Rank: 75
QYLG Martin Ratio Rank: 83

MSTZ

MSTZ Risk / Return Rank: 68
MSTZ Sharpe Ratio Rank: 76
MSTZ Sortino Ratio Rank: 67
MSTZ Omega Ratio Rank: 68
MSTZ Calmar Ratio Rank: 80
MSTZ Martin Ratio Rank: 49

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.

QYLG vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) 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.

	QYLG	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	1.81	1.92	-0.11
Sortino ratio: Return per unit of downside risk	2.48	2.45	+0.03
Omega ratio: Gain probability vs. loss probability	1.33	1.32	+0.01
Calmar ratio: Return relative to maximum drawdown	3.07	3.35	-0.29
Martin ratio: Return relative to average drawdown	12.95	6.53	+6.42

QYLG vs. MSTZ - Sharpe Ratio Comparison

The current QYLG Sharpe Ratio is 1.81, which is comparable to the MSTZ Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of QYLG 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

QYLG vs. MSTZ - Drawdown Comparison

The maximum QYLG drawdown since its inception was -29.98%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for QYLG and MSTZ.

Drawdown Indicators

	QYLG	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-29.98%	-99.38%	+69.40%
Max Drawdown (1Y) Largest decline over 1 year	-8.42%	-84.89%	+76.47%
Max Drawdown (3Y) Largest decline over 3 years	-20.75%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.98%	—	—
Current Drawdown Current decline from peak	-2.49%	-97.39%	+94.90%
Average Drawdown Average peak-to-trough decline	-6.34%	-94.53%	+88.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	43.51%	-41.52%

Volatility

QYLG vs. MSTZ - Volatility Comparison

The current volatility for Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) is 6.76%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 56.56%. This indicates that QYLG 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

	QYLG	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.76%	56.56%	-49.80%
Volatility (6M) Calculated over the trailing 6-month period	12.19%	135.11%	-122.92%
Volatility (1Y) Calculated over the trailing 1-year period	14.28%	148.53%	-134.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.29%	171.02%	-152.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.06%	171.02%	-152.96%

QYLG vs. MSTZ - Expense Ratio Comparison

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

Dividends

QYLG vs. MSTZ - Dividend Comparison

QYLG's dividend yield for the trailing twelve months is around 16.61%, while MSTZ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QYLG Global X Nasdaq 100 Covered Call & Growth ETF	16.61%	17.93%	25.27%	5.43%	6.91%	10.15%	1.44%

Frequently Asked Questions

Can I hold both QYLG and MSTZ in my portfolio?

QYLG and MSTZ have a correlation of -0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QYLG or MSTZ?

MSTZ has higher volatility (56.56%) compared to QYLG (6.76%). In terms of maximum drawdown, QYLG dropped -29.98% vs MSTZ's -99.38%.

Which ETF is better, QYLG or MSTZ?

On 1-year performance, MSTZ leads with 282.56% vs 25.69% for QYLG. On fees, QYLG is cheaper at 0.60% per year. On volatility, QYLG has been the lower-risk option at 6.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QYLG or MSTZ?

Over the 1-year period, MSTZ has performed better with a 282.56% return vs 25.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QYLG or MSTZ?

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

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

QYLG has the higher dividend yield at 16.61%, compared with 0.00% for MSTZ.

What is the main difference between QYLG and MSTZ?

QYLG is categorized as Nasdaq-100, while MSTZ is Inverse Equities. They also come from different issuers: Global X and REX. Their fees differ too: 0.60% for QYLG and 1.05% for MSTZ.

Which has better risk-adjusted returns?

MSTZ currently has the higher Sharpe Ratio (1.92 vs 1.81), 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.