TSLQ vs. MSTZ

Last updated Jun 24, 2026

TSLQ (Tradr 2X Short TSLA Daily ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both Inverse Equities funds. Both are actively managed. Over the past year, TSLQ returned -49.38% vs 138.79% for MSTZ. At a 0.43 correlation, their price movements are largely independent. TSLQ charges 1.17%/yr vs 1.05%/yr for MSTZ.

Performance

TSLQ vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Short TSLA Daily ETF (TSLQ) 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, TSLQ achieves a 13.60% return, which is significantly higher than MSTZ's -28.57% return.

TSLQ

• 1D: 11.57%
• 1M: 18.36%
• YTD: 13.60%
• 6M: 31.99%
• 1Y: -49.38%
• 3Y*: -64.10%
• 5Y*: —
• 10Y*: —

MSTZ

• 1D: 10.06%
• 1M: 102.15%
• YTD: -28.57%
• 6M: -23.10%
• 1Y: 138.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSLQ vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TSLQ Tradr 2X Short TSLA Daily ETF	13.60%	-74.67%	-81.15%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-28.57%	-38.95%	-94.43%

Correlation

The correlation between TSLQ and MSTZ is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	0.43

Return for Risk

TSLQ vs. MSTZ — Risk / Return Rank

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

TSLQ

TSLQ Risk / Return Rank: 5
TSLQ Sharpe Ratio Rank: 4
TSLQ Sortino Ratio Rank: 5
TSLQ Omega Ratio Rank: 5
TSLQ Calmar Ratio Rank: 3
TSLQ Martin Ratio Rank: 5

MSTZ

MSTZ Risk / Return Rank: 34
MSTZ Sharpe Ratio Rank: 28
MSTZ Sortino Ratio Rank: 41
MSTZ Omega Ratio Rank: 40
MSTZ Calmar Ratio Rank: 35
MSTZ Martin Ratio Rank: 26

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.

TSLQ vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Short TSLA Daily ETF (TSLQ) 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.

	TSLQ	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.56	0.97	-1.54
Sortino ratio: Return per unit of downside risk	-0.47	1.98	-2.45
Omega ratio: Gain probability vs. loss probability	0.95	1.25	-0.30
Calmar ratio: Return relative to maximum drawdown	-0.69	1.64	-2.33
Martin ratio: Return relative to average drawdown	-0.88	3.27	-4.15

TSLQ vs. MSTZ - Sharpe Ratio Comparison

The current TSLQ Sharpe Ratio is -0.56, which is lower than the MSTZ Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of TSLQ 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

TSLQ vs. MSTZ - Drawdown Comparison

The maximum TSLQ drawdown since its inception was -98.73%, roughly equal to the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for TSLQ and MSTZ.

Drawdown Indicators

	TSLQ	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-98.73%	-99.38%	+0.65%
Max Drawdown (1Y) Largest decline over 1 year	-72.21%	-84.89%	+12.68%
Max Drawdown (3Y) Largest decline over 3 years	-97.85%	—	—
Current Drawdown Current decline from peak	-98.31%	-97.57%	-0.74%
Average Drawdown Average peak-to-trough decline	-67.61%	-94.45%	+26.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	56.23%	42.87%	+13.36%

Volatility

TSLQ vs. MSTZ - Volatility Comparison

The current volatility for Tradr 2X Short TSLA Daily ETF (TSLQ) is 27.76%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 42.31%. This indicates that TSLQ 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

	TSLQ	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.76%	42.31%	-14.55%
Volatility (6M) Calculated over the trailing 6-month period	56.68%	127.64%	-70.96%
Volatility (1Y) Calculated over the trailing 1-year period	89.33%	143.71%	-54.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	94.31%	169.81%	-75.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	94.31%	169.81%	-75.50%

TSLQ vs. MSTZ - Expense Ratio Comparison

TSLQ has a 1.17% expense ratio, which is higher than MSTZ's 1.05% expense ratio.

Dividends

TSLQ vs. MSTZ - Dividend Comparison

TSLQ's dividend yield for the trailing twelve months is around 9.30%, while MSTZ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	0.00%	0.00%	0.00%	0.00%	0.00%
TSLQ Tradr 2X Short TSLA Daily ETF	9.30%	10.56%	4.95%	13.35%	2.56%

Frequently Asked Questions

Can I hold both TSLQ and MSTZ in my portfolio?

TSLQ and MSTZ have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSLQ or MSTZ?

MSTZ has higher volatility (42.31%) compared to TSLQ (27.76%). In terms of maximum drawdown, TSLQ dropped -98.73% vs MSTZ's -99.38%.

Which ETF is better, TSLQ or MSTZ?

On 1-year performance, MSTZ leads with 138.79% vs -49.38% for TSLQ. On fees, MSTZ is cheaper at 1.05% per year. On volatility, TSLQ has been the lower-risk option at 27.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLQ or MSTZ?

Over the 1-year period, MSTZ has performed better with a 138.79% return vs -49.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLQ or MSTZ?

MSTZ is cheaper with a 1.05% expense ratio, compared with 1.17% for TSLQ.

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

TSLQ has the higher dividend yield at 9.30%, compared with 0.00% for MSTZ.

What is the main difference between TSLQ and MSTZ?

They also come from different issuers: Tradr and REX. Their fees differ too: 1.17% for TSLQ and 1.05% for MSTZ.

Which has better risk-adjusted returns?

MSTZ currently has the higher Sharpe Ratio (0.97 vs -0.56), 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.