THTA vs. MSTZ

Last updated Jul 14, 2026

THTA (SoFi Enhanced Yield ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - THTA is a Derivative Income fund actively managed by SoFi, while MSTZ is a Inverse Equities fund actively managed by REX. Both are actively managed. Over the past year, THTA returned 15.49% vs 282.56% for MSTZ. At a correlation of -0.16, they often move in opposite directions. THTA charges 0.49%/yr vs 1.05%/yr for MSTZ.

Performance

THTA vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SoFi Enhanced Yield ETF (THTA) 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, THTA achieves a 7.64% return, which is significantly higher than MSTZ's -23.27% return.

THTA

• 1D: -0.57%
• 1M: 0.39%
• 6M: 7.57%
• YTD: 7.64%
• 1Y: 15.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSTZ

• 1D: 5.07%
• 1M: 46.38%
• 6M: -9.68%
• YTD: -23.27%
• 1Y: 282.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

THTA vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
THTA SoFi Enhanced Yield ETF	7.64%	-10.24%	4.56%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-23.27%	-38.95%	-94.43%

Correlation

The correlation between THTA and MSTZ is -0.19, 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	-0.19
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	-0.16

Return for Risk

THTA vs. MSTZ — Risk / Return Rank

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

THTA

THTA Risk / Return Rank: 95
THTA Sharpe Ratio Rank: 93
THTA Sortino Ratio Rank: 94
THTA Omega Ratio Rank: 96
THTA Calmar Ratio Rank: 94
THTA Martin Ratio Rank: 98

MSTZ

MSTZ Risk / Return Rank: 68
MSTZ Sharpe Ratio Rank: 76
MSTZ Sortino Ratio Rank: 67
MSTZ Omega Ratio Rank: 68
MSTZ Calmar Ratio Rank: 80
MSTZ Martin Ratio Rank: 49

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.

THTA vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SoFi Enhanced Yield ETF (THTA) 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.

	THTA	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	2.68	1.92	+0.76
Sortino ratio: Return per unit of downside risk	3.97	2.45	+1.52
Omega ratio: Gain probability vs. loss probability	1.70	1.32	+0.38
Calmar ratio: Return relative to maximum drawdown	5.90	3.35	+2.55
Martin ratio: Return relative to average drawdown	47.75	6.53	+41.22

THTA vs. MSTZ - Sharpe Ratio Comparison

The current THTA Sharpe Ratio is 2.68, which is higher than the MSTZ Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of THTA 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

THTA vs. MSTZ - Drawdown Comparison

The maximum THTA drawdown since its inception was -31.41%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for THTA and MSTZ.

Drawdown Indicators

	THTA	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-31.41%	-99.38%	+67.97%
Max Drawdown (1Y) Largest decline over 1 year	-2.64%	-84.89%	+82.25%
Current Drawdown Current decline from peak	-6.11%	-97.39%	+91.28%
Average Drawdown Average peak-to-trough decline	-7.45%	-94.53%	+87.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.33%	43.51%	-43.18%

Volatility

THTA vs. MSTZ - Volatility Comparison

The current volatility for SoFi Enhanced Yield ETF (THTA) is 1.43%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 56.56%. This indicates that THTA 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

	THTA	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.43%	56.56%	-55.13%
Volatility (6M) Calculated over the trailing 6-month period	4.20%	135.11%	-130.91%
Volatility (1Y) Calculated over the trailing 1-year period	5.81%	148.53%	-142.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.85%	171.02%	-151.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.85%	171.02%	-151.17%

THTA vs. MSTZ - Expense Ratio Comparison

THTA has a 0.49% expense ratio, which is lower than MSTZ's 1.05% expense ratio.

Dividends

THTA vs. MSTZ - Dividend Comparison

THTA's dividend yield for the trailing twelve months is around 11.14%, while MSTZ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	0.00%	0.00%	0.00%	0.00%
THTA SoFi Enhanced Yield ETF	11.14%	12.66%	12.44%	0.58%

Frequently Asked Questions

Can I hold both THTA and MSTZ in my portfolio?

THTA and MSTZ have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, THTA or MSTZ?

MSTZ has higher volatility (56.56%) compared to THTA (1.43%). In terms of maximum drawdown, THTA dropped -31.41% vs MSTZ's -99.38%.

Which ETF is better, THTA or MSTZ?

On 1-year performance, MSTZ leads with 282.56% vs 15.49% for THTA. On fees, THTA is cheaper at 0.49% per year. On volatility, THTA has been the lower-risk option at 1.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, THTA or MSTZ?

Over the 1-year period, MSTZ has performed better with a 282.56% return vs 15.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, THTA or MSTZ?

THTA is cheaper with a 0.49% expense ratio, compared with 1.05% for MSTZ.

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

THTA has the higher dividend yield at 11.14%, compared with 0.00% for MSTZ.

What is the main difference between THTA and MSTZ?

THTA is categorized as Derivative Income, while MSTZ is Inverse Equities. They also come from different issuers: SoFi and REX. Their fees differ too: 0.49% for THTA and 1.05% for MSTZ.

Which has better risk-adjusted returns?

THTA currently has the higher Sharpe Ratio (2.68 vs 1.92), 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.