SMZ vs. MSTZ
SMZ (Tradr 2X Short SMR Daily ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both Inverse Equities funds. SMZ is passively managed, while MSTZ is actively managed. A 0.55 correlation means they provide meaningful diversification when combined. SMZ charges 1.49%/yr vs 1.05%/yr for MSTZ.
Performance
SMZ vs. MSTZ - Performance Comparison
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Returns By Period
SMZ
- 1D
- -0.22%
- 1M
- -6.34%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTZ
- 1D
- -1.53%
- 1M
- 30.47%
- 6M
- -19.19%
- YTD
- -26.97%
- 1Y
- 264.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMZ vs. MSTZ - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
SMZ Tradr 2X Short SMR Daily ETF | 4.34% |
MSTZ T-REX 2X Inverse MSTR Daily Target ETF | -7.02% |
Correlation
The correlation between SMZ and MSTZ is 0.55, 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 Feb 11, 2026 | 0.55 |
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Return for Risk
SMZ vs. MSTZ — Risk / Return Rank
SMZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MSTZ
SMZ vs. MSTZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Short SMR Daily ETF (SMZ) 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.
| SMZ | MSTZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.86 | — |
| Martin ratioReturn relative to average drawdown | — | 5.59 | — |
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Drawdowns
SMZ vs. MSTZ - Drawdown Comparison
The maximum SMZ drawdown since its inception was -77.30%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for SMZ and MSTZ.
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Drawdown Indicators
| SMZ | MSTZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.30% | -99.38% | +22.08% |
Max Drawdown (1Y)Largest decline over 1 year | — | -84.89% | — |
Current DrawdownCurrent decline from peak | -59.15% | -97.51% | +38.36% |
Average DrawdownAverage peak-to-trough decline | -38.88% | -94.53% | +55.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 43.41% | — |
Volatility
SMZ vs. MSTZ - Volatility Comparison
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Volatility by Period
| SMZ | MSTZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 56.46% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 135.20% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 187.85% | 148.41% | +39.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 187.85% | 171.17% | +16.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 187.85% | 171.17% | +16.68% |
SMZ vs. MSTZ - Expense Ratio Comparison
SMZ has a 1.49% expense ratio, which is higher than MSTZ's 1.05% expense ratio.
Dividends
SMZ vs. MSTZ - Dividend Comparison
Neither SMZ nor MSTZ has paid dividends to shareholders.
Frequently Asked Questions
SMZ and MSTZ have a correlation of 0.55, 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 1.49% for SMZ.
SMZ and MSTZ have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Tradr and REX. Their fees differ too: 1.49% for SMZ and 1.05% for MSTZ.
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