RFV vs. MSTZ

Last updated Jul 17, 2026

RFV (Invesco S&P MidCap 400® Pure Value ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - RFV is a Small Cap Value Equities fund tracking the S&P Mid Cap 400 Pure Value, while MSTZ is a Inverse Equities fund actively managed by REX. RFV is passively managed, while MSTZ is actively managed. Over the past year, RFV returned 20.79% vs 299.04% for MSTZ. At a correlation of -0.27, they often move in opposite directions. RFV charges 0.35%/yr vs 1.05%/yr for MSTZ.

Performance

RFV vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P MidCap 400® Pure Value ETF (RFV) 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, RFV achieves a 17.36% return, which is significantly higher than MSTZ's -27.52% return.

RFV

• 1D: 1.33%
• 1M: 2.81%
• 6M: 11.22%
• YTD: 17.36%
• 1Y: 20.79%
• 3Y*: 13.82%
• 5Y*: 12.93%
• 10Y*: 12.46%

MSTZ

• 1D: 6.51%
• 1M: 38.88%
• 6M: -2.59%
• YTD: -27.52%
• 1Y: 299.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RFV vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RFV Invesco S&P MidCap 400® Pure Value ETF	17.36%	7.66%	5.80%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-27.52%	-38.95%	-94.43%

Correlation

The correlation between RFV and MSTZ is -0.24, 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	-0.24
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	-0.27

Return for Risk

RFV vs. MSTZ — Risk / Return Rank

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

RFV

RFV Risk / Return Rank: 41
RFV Sharpe Ratio Rank: 41
RFV Sortino Ratio Rank: 44
RFV Omega Ratio Rank: 40
RFV Calmar Ratio Rank: 40
RFV Martin Ratio Rank: 39

MSTZ

MSTZ Risk / Return Rank: 70
MSTZ Sharpe Ratio Rank: 80
MSTZ Sortino Ratio Rank: 69
MSTZ Omega Ratio Rank: 69
MSTZ Calmar Ratio Rank: 83
MSTZ Martin Ratio Rank: 51

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.

RFV vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400® Pure Value ETF (RFV) 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.

	RFV	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	1.20	2.03	-0.83
Sortino ratio: Return per unit of downside risk	1.85	2.49	-0.64
Omega ratio: Gain probability vs. loss probability	1.22	1.33	-0.11
Calmar ratio: Return relative to maximum drawdown	1.67	3.55	-1.88
Martin ratio: Return relative to average drawdown	4.92	6.84	-1.92

RFV vs. MSTZ - Sharpe Ratio Comparison

The current RFV Sharpe Ratio is 1.20, which is lower than the MSTZ Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of RFV 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

RFV vs. MSTZ - Drawdown Comparison

The maximum RFV drawdown since its inception was -71.82%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for RFV and MSTZ.

Drawdown Indicators

	RFV	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-71.82%	-99.38%	+27.56%
Max Drawdown (1Y) Largest decline over 1 year	-12.51%	-84.89%	+72.38%
Max Drawdown (3Y) Largest decline over 3 years	-24.65%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.65%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-52.24%	—	—
Current Drawdown Current decline from peak	0.00%	-97.53%	+97.53%
Average Drawdown Average peak-to-trough decline	-9.74%	-94.55%	+84.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.23%	43.95%	-39.72%

Volatility

RFV vs. MSTZ - Volatility Comparison

The current volatility for Invesco S&P MidCap 400® Pure Value ETF (RFV) is 3.17%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 55.03%. This indicates that RFV 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

	RFV	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.17%	55.03%	-51.86%
Volatility (6M) Calculated over the trailing 6-month period	11.47%	134.45%	-122.98%
Volatility (1Y) Calculated over the trailing 1-year period	17.34%	148.58%	-131.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.86%	170.73%	-148.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.84%	170.73%	-145.89%

RFV vs. MSTZ - Expense Ratio Comparison

RFV has a 0.35% expense ratio, which is lower than MSTZ's 1.05% expense ratio.

Dividends

RFV vs. MSTZ - Dividend Comparison

RFV's dividend yield for the trailing twelve months is around 1.62%, while MSTZ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%
RFV Invesco S&P MidCap 400® Pure Value ETF	1.62%	2.07%	1.31%	1.27%	2.05%	1.60%	1.52%	1.71%	1.39%	1.36%	0.88%	1.79%

Frequently Asked Questions

Can I hold both RFV and MSTZ in my portfolio?

RFV and MSTZ have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RFV or MSTZ?

MSTZ has higher volatility (55.03%) compared to RFV (3.17%). In terms of maximum drawdown, RFV dropped -71.82% vs MSTZ's -99.38%.

Which ETF is better, RFV or MSTZ?

On 1-year performance, MSTZ leads with 299.04% vs 20.79% for RFV. On fees, RFV is cheaper at 0.35% per year. On volatility, RFV has been the lower-risk option at 3.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RFV or MSTZ?

Over the 1-year period, MSTZ has performed better with a 299.04% return vs 20.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RFV or MSTZ?

RFV is cheaper with a 0.35% expense ratio, compared with 1.05% for MSTZ.

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

RFV has the higher dividend yield at 1.62%, compared with 0.00% for MSTZ.

What is the main difference between RFV and MSTZ?

RFV is categorized as Small Cap Value Equities, while MSTZ is Inverse Equities. They also come from different issuers: Invesco and REX. Their fees differ too: 0.35% for RFV and 1.05% for MSTZ.

Which has better risk-adjusted returns?

MSTZ currently has the higher Sharpe Ratio (2.03 vs 1.20), 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.