SHE vs. MSTZ
SHE (SPDR SSGA Gender Diversity Index ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - SHE is a Large Cap Growth Equities fund tracking the SSGA Gender Diversity (TR), while MSTZ is a Inverse Equities fund actively managed by REX. SHE is passively managed, while MSTZ is actively managed. Over the past year, SHE returned 27.23% vs 159.07% for MSTZ. Their -0.41 correlation means they have often moved in opposite directions in the past. SHE charges 0.20%/yr vs 1.05%/yr for MSTZ.
Performance
SHE vs. MSTZ - Performance Comparison
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Returns By Period
In the year-to-date period, SHE achieves a 17.65% return, which is significantly higher than MSTZ's -30.44% return.
SHE
- 1D
- 0.37%
- 1M
- 0.64%
- 6M
- 14.53%
- YTD
- 17.65%
- 1Y
- 27.23%
- 3Y*
- 20.92%
- 5Y*
- 9.79%
- 10Y*
- 12.27%
- ALL TIME*
- 12.72%
MSTZ
- 1D
- 8.95%
- 1M
- 7.38%
- 6M
- -24.16%
- YTD
- -30.44%
- 1Y
- 159.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -86.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $101.73M | $133.33M | $177.41M | |
| $460.23K | $379.38K | $467.51K |
SHE vs. MSTZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SHE SPDR SSGA Gender Diversity Index ETF | 17.65% | 15.50% | 3.53% |
MSTZ T-REX 2X Inverse MSTR Daily Target ETF | -30.44% | -38.95% | -94.43% |
Correlation
The correlation between SHE and MSTZ is -0.47, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.47 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024 | -0.41 |
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Return for Risk
SHE vs. MSTZ — Risk / Return Rank
SHE
MSTZ
SHE vs. MSTZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA Gender Diversity Index ETF (SHE) 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.
| SHE | MSTZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.28 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 2.44 | +0.59 |
| Martin ratioReturn relative to average drawdown | 11.21 | 4.53 | +6.67 |
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Drawdowns
SHE vs. MSTZ - Drawdown Comparison
The maximum SHE drawdown since its inception was -35.80%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for SHE and MSTZ.
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Drawdown Indicators
| SHE | MSTZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.80% | -99.38% | +63.58% |
Max Drawdown (1Y)Largest decline over 1 year | -8.54% | -84.89% | +76.35% |
Max Drawdown (3Y)Largest decline over 3 years | -17.07% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.69% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.80% | — | — |
Current DrawdownCurrent decline from peak | -2.17% | -97.63% | +95.46% |
Average DrawdownAverage peak-to-trough decline | -6.25% | -94.63% | +88.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 45.62% | -43.31% |
Volatility
SHE vs. MSTZ - Volatility Comparison
The current volatility for SPDR SSGA Gender Diversity Index ETF (SHE) is 3.55%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 37.86%. This indicates that SHE 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.
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Volatility by Period
| SHE | MSTZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.55% | 37.86% | -34.31% |
Volatility (6M)Calculated over the trailing 6-month period | 11.07% | 134.52% | -123.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.70% | 150.23% | -136.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.30% | 169.87% | -152.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.02% | 169.87% | -151.85% |
SHE vs. MSTZ - Expense Ratio Comparison
SHE has a 0.20% expense ratio, which is lower than MSTZ's 1.05% expense ratio.
Dividends
SHE vs. MSTZ - Dividend Comparison
SHE's dividend yield for the trailing twelve months is around 1.08%, while MSTZ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SHE SPDR SSGA Gender Diversity Index ETF | 1.08% | 1.18% | 1.14% | 1.37% | 1.54% | 0.99% | 1.24% | 1.91% | 7.39% | 5.37% | 6.41% |
Frequently Asked Questions
SHE and MSTZ have a correlation of -0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTZ has higher volatility (37.86%) compared to SHE (3.55%). In terms of maximum drawdown, SHE dropped -35.80% vs MSTZ's -99.38%.
On 1-year performance, MSTZ leads with 159.07% vs 27.23% for SHE. On fees, SHE is cheaper at 0.20% per year. On volatility, SHE has been the lower-risk option at 3.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MSTZ has performed better with a 159.07% return vs 27.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SHE is cheaper with a 0.20% expense ratio, compared with 1.05% for MSTZ.
SHE has the higher dividend yield at 1.08%, compared with 0.00% for MSTZ.
SHE is categorized as Large Cap Growth Equities, while MSTZ is Inverse Equities. They also come from different issuers: State Street and REX. Their fees differ too: 0.20% for SHE and 1.05% for MSTZ.
SHE currently has the higher Sharpe Ratio (1.90 vs 1.38), 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.
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