RGTZ vs. MSDD

Last updated Jun 24, 2026

RGTZ (Defiance Daily Target 2X Short RGTI ETF) and MSDD (GraniteShares 2x Short MSTR Daily ETF) are both Inverse Equities funds. Both are actively managed. A 0.51 correlation means they provide meaningful diversification when combined. RGTZ charges 1.29%/yr vs 1.50%/yr for MSDD.

Performance

RGTZ vs. MSDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Short RGTI ETF (RGTZ) and GraniteShares 2x Short MSTR Daily ETF (MSDD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RGTZ achieves a -85.18% return, which is significantly lower than MSDD's -48.72% return.

RGTZ

• 1D: 1.25%
• 1M: 16.13%
• YTD: -85.18%
• 6M: -81.74%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSDD

• 1D: 0.00%
• 1M: 44.94%
• YTD: -48.72%
• 6M: -45.00%
• 1Y: 69.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RGTZ vs. MSDD - Yearly Performance Comparison

	2026 (YTD)	2025
RGTZ Defiance Daily Target 2X Short RGTI ETF	-85.18%	7.21%
MSDD GraniteShares 2x Short MSTR Daily ETF	-48.72%	252.36%

Correlation

The correlation between RGTZ and MSDD is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 9, 2025	0.51

Return for Risk

RGTZ vs. MSDD — Risk / Return Rank

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

RGTZ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

MSDD

MSDD Risk / Return Rank: 24
MSDD Sharpe Ratio Rank: 17
MSDD Sortino Ratio Rank: 32
MSDD Omega Ratio Rank: 33
MSDD Calmar Ratio Rank: 20
MSDD Martin Ratio Rank: 16

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.

RGTZ vs. MSDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short RGTI ETF (RGTZ) and GraniteShares 2x Short MSTR Daily ETF (MSDD). 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.

	RGTZ	MSDD	Difference
Sharpe ratio: Return per unit of total volatility	—	0.50	—
Sortino ratio: Return per unit of downside risk	—	1.61	—
Omega ratio: Gain probability vs. loss probability	—	1.21	—
Calmar ratio: Return relative to maximum drawdown	—	0.82	—
Martin ratio: Return relative to average drawdown	—	1.63	—

Drawdowns

RGTZ vs. MSDD - Drawdown Comparison

The maximum RGTZ drawdown since its inception was -92.92%, which is greater than MSDD's maximum drawdown of -84.91%. Use the drawdown chart below to compare losses from any high point for RGTZ and MSDD.

Drawdown Indicators

	RGTZ	MSDD	Difference
Max Drawdown Largest peak-to-trough decline	-92.92%	-84.91%	-8.01%
Max Drawdown (1Y) Largest decline over 1 year	—	-84.91%	—
Current Drawdown Current decline from peak	-91.04%	-68.63%	-22.41%
Average Drawdown Average peak-to-trough decline	-44.54%	-31.26%	-13.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	43.14%	—

Volatility

Volatility by Period

	RGTZ	MSDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	32.28%	—
Volatility (6M) Calculated over the trailing 6-month period	—	124.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	218.33%	140.94%	+77.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	218.33%	138.85%	+79.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	218.33%	138.85%	+79.48%

RGTZ vs. MSDD - Expense Ratio Comparison

RGTZ has a 1.29% expense ratio, which is lower than MSDD's 1.50% expense ratio.

Dividends

RGTZ vs. MSDD - Dividend Comparison

Neither RGTZ nor MSDD has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both RGTZ and MSDD in my portfolio?

RGTZ and MSDD have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RGTZ or MSDD?

On fees, RGTZ is cheaper at 1.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RGTZ or MSDD?

RGTZ is cheaper with a 1.29% expense ratio, compared with 1.50% for MSDD.

Which ETF pays a higher dividend yield, RGTZ or MSDD?

RGTZ and MSDD have nearly identical dividend yields, around 0.00%.

What is the main difference between RGTZ and MSDD?

They also come from different issuers: Defiance ETFs and GraniteShares. Their fees differ too: 1.29% for RGTZ and 1.50% for MSDD.