RAAX vs. MSTZ

Last updated Jul 15, 2026

RAAX (VanEck Inflation Allocation ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - RAAX is a Diversified Portfolio fund actively managed by VanEck, while MSTZ is a Inverse Equities fund actively managed by REX. Both are actively managed. Over the past year, RAAX returned 27.36% vs 266.72% for MSTZ. At a correlation of -0.22, they often move in opposite directions. RAAX charges 0.89%/yr vs 1.05%/yr for MSTZ.

Performance

RAAX vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Inflation Allocation ETF (RAAX) 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, RAAX achieves a 14.09% return, which is significantly higher than MSTZ's -31.90% return.

RAAX

• 1D: 1.37%
• 1M: -3.02%
• 6M: 8.05%
• YTD: 14.09%
• 1Y: 27.36%
• 3Y*: 18.69%
• 5Y*: 13.33%
• 10Y*: —

MSTZ

• 1D: -11.25%
• 1M: 29.92%
• 6M: -7.52%
• YTD: -31.90%
• 1Y: 266.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RAAX vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RAAX VanEck Inflation Allocation ETF	14.09%	26.74%	1.20%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-31.90%	-38.95%	-94.43%

Correlation

The correlation between RAAX and MSTZ is -0.21, 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	-0.21
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	-0.22

Return for Risk

RAAX vs. MSTZ — Risk / Return Rank

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

RAAX

RAAX Risk / Return Rank: 72
RAAX Sharpe Ratio Rank: 74
RAAX Sortino Ratio Rank: 69
RAAX Omega Ratio Rank: 72
RAAX Calmar Ratio Rank: 76
RAAX Martin Ratio Rank: 68

MSTZ

MSTZ Risk / Return Rank: 65
MSTZ Sharpe Ratio Rank: 71
MSTZ Sortino Ratio Rank: 65
MSTZ Omega Ratio Rank: 66
MSTZ Calmar Ratio Rank: 77
MSTZ Martin Ratio Rank: 46

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.

RAAX vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Inflation Allocation ETF (RAAX) 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.

	RAAX	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	1.88	1.81	+0.07
Sortino ratio: Return per unit of downside risk	2.51	2.41	+0.10
Omega ratio: Gain probability vs. loss probability	1.34	1.31	+0.03
Calmar ratio: Return relative to maximum drawdown	3.12	3.16	-0.04
Martin ratio: Return relative to average drawdown	9.81	6.14	+3.67

RAAX vs. MSTZ - Sharpe Ratio Comparison

The current RAAX Sharpe Ratio is 1.88, which is comparable to the MSTZ Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of RAAX 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

RAAX vs. MSTZ - Drawdown Comparison

The maximum RAAX drawdown since its inception was -33.91%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for RAAX and MSTZ.

Drawdown Indicators

	RAAX	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-33.91%	-99.38%	+65.47%
Max Drawdown (1Y) Largest decline over 1 year	-8.81%	-84.89%	+76.08%
Max Drawdown (3Y) Largest decline over 3 years	-11.59%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.55%	—	—
Current Drawdown Current decline from peak	-6.67%	-97.68%	+91.01%
Average Drawdown Average peak-to-trough decline	-6.77%	-94.54%	+87.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	43.66%	-40.86%

Volatility

RAAX vs. MSTZ - Volatility Comparison

The current volatility for VanEck Inflation Allocation ETF (RAAX) is 5.12%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 57.19%. This indicates that RAAX 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

	RAAX	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.12%	57.19%	-52.07%
Volatility (6M) Calculated over the trailing 6-month period	12.47%	135.18%	-122.71%
Volatility (1Y) Calculated over the trailing 1-year period	14.64%	148.74%	-134.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.72%	171.04%	-155.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.79%	171.04%	-155.25%

RAAX vs. MSTZ - Expense Ratio Comparison

RAAX has a 0.89% expense ratio, which is lower than MSTZ's 1.05% expense ratio.

Dividends

RAAX vs. MSTZ - Dividend Comparison

RAAX's dividend yield for the trailing twelve months is around 2.05%, 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%
RAAX VanEck Inflation Allocation ETF	2.05%	2.34%	1.91%	3.66%	1.53%	8.72%	6.27%	2.37%	0.56%

Frequently Asked Questions

Can I hold both RAAX and MSTZ in my portfolio?

RAAX and MSTZ have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RAAX or MSTZ?

MSTZ has higher volatility (57.19%) compared to RAAX (5.12%). In terms of maximum drawdown, RAAX dropped -33.91% vs MSTZ's -99.38%.

Which ETF is better, RAAX or MSTZ?

On 1-year performance, MSTZ leads with 266.72% vs 27.36% for RAAX. On fees, RAAX is cheaper at 0.89% per year. On volatility, RAAX has been the lower-risk option at 5.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RAAX or MSTZ?

Over the 1-year period, MSTZ has performed better with a 266.72% return vs 27.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RAAX or MSTZ?

RAAX is cheaper with a 0.89% expense ratio, compared with 1.05% for MSTZ.

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

RAAX has the higher dividend yield at 2.05%, compared with 0.00% for MSTZ.

What is the main difference between RAAX and MSTZ?

RAAX is categorized as Diversified Portfolio, while MSTZ is Inverse Equities. They also come from different issuers: VanEck and REX. Their fees differ too: 0.89% for RAAX and 1.05% for MSTZ.

Which has better risk-adjusted returns?

RAAX currently has the higher Sharpe Ratio (1.88 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.