RKLZ vs. MSTZ
RKLZ (Defiance Daily Target 2X Short RKLB ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both Inverse Equities funds. Both are actively managed. At a 0.48 correlation, their price movements are largely independent. RKLZ charges 1.29%/yr vs 1.05%/yr for MSTZ.
Performance
RKLZ vs. MSTZ - Performance Comparison
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Returns By Period
In the year-to-date period, RKLZ achieves a -89.18% return, which is significantly lower than MSTZ's 1.05% return.
RKLZ
- 1D
- 10.97%
- 1M
- 137.97%
- YTD
- -89.18%
- 6M
- -87.03%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTZ
- 1D
- 19.27%
- 1M
- 186.45%
- YTD
- 1.05%
- 6M
- 9.89%
- 1Y
- 279.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RKLZ vs. MSTZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RKLZ Defiance Daily Target 2X Short RKLB ETF | -89.18% | -75.89% |
MSTZ T-REX 2X Inverse MSTR Daily Target ETF | 1.05% | 43.39% |
Correlation
The correlation between RKLZ and MSTZ is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025 | 0.48 |
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Return for Risk
RKLZ vs. MSTZ — Risk / Return Rank
RKLZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MSTZ
RKLZ vs. MSTZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short RKLB ETF (RKLZ) 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.
| RKLZ | MSTZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.31 | — |
| Martin ratioReturn relative to average drawdown | — | 6.57 | — |
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Drawdowns
RKLZ vs. MSTZ - Drawdown Comparison
The maximum RKLZ drawdown since its inception was -99.10%, roughly equal to the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for RKLZ and MSTZ.
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Drawdown Indicators
| RKLZ | MSTZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.10% | -99.38% | +0.28% |
Max Drawdown (1Y)Largest decline over 1 year | — | -84.89% | — |
Current DrawdownCurrent decline from peak | -97.63% | -96.56% | -1.07% |
Average DrawdownAverage peak-to-trough decline | -81.58% | -94.46% | +12.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 42.70% | — |
Volatility
RKLZ vs. MSTZ - Volatility Comparison
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Volatility by Period
| RKLZ | MSTZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 46.08% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 129.73% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 207.29% | 145.84% | +61.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 207.29% | 170.65% | +36.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 207.29% | 170.65% | +36.64% |
RKLZ vs. MSTZ - Expense Ratio Comparison
RKLZ has a 1.29% expense ratio, which is higher than MSTZ's 1.05% expense ratio.
Dividends
RKLZ vs. MSTZ - Dividend Comparison
Neither RKLZ nor MSTZ has paid dividends to shareholders.
Frequently Asked Questions
RKLZ 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.
On fees, MSTZ is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MSTZ is cheaper with a 1.05% expense ratio, compared with 1.29% for RKLZ.
RKLZ and MSTZ have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance and REX. Their fees differ too: 1.29% for RKLZ and 1.05% for MSTZ.
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