TSLT vs. MSTZ

Last updated Aug 2, 2026

TSLT (T-Rex 2X Long Tesla Daily Target ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - TSLT is a Leveraged Equities fund tracking the Tesla, Inc. (200%), while MSTZ is a Inverse Equities fund actively managed by REX. TSLT is passively managed, while MSTZ is actively managed. Over the past year, TSLT returned -27.14% vs 159.07% for MSTZ. Their -0.42 correlation means they have often moved in opposite directions in the past. Both charge a 1.05% expense ratio.

Performance

TSLT vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Long Tesla Daily Target ETF (TSLT) 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, TSLT achieves a -61.81% return, which is significantly lower than MSTZ's -30.44% return.

TSLT

• 1D: 1.29%
• 1M: -40.70%
• 6M: -57.20%
• YTD: -61.81%
• 1Y: -27.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -23.82%

MSTZ

• 1D: 8.95%
• 1M: 7.38%
• 6M: -24.16%
• YTD: -30.44%
• 1Y: 159.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -86.57%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	$101.73M	$133.33M	$177.41M
TSLT T-Rex 2X Long Tesla Daily Target ETF	$37.83M	$41.41M	$54.11M

TSLT vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TSLT T-Rex 2X Long Tesla Daily Target ETF	-61.81%	-29.49%	160.16%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-30.44%	-38.95%	-94.43%

Correlation

The correlation between TSLT and MSTZ is -0.44, 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.	-0.44
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	-0.42

Return for Risk

TSLT vs. MSTZ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TSLT

TSLT Risk / Return Rank: 8
TSLT Sharpe Ratio Rank: 7
TSLT Sortino Ratio Rank: 11
TSLT Omega Ratio Rank: 10
TSLT Calmar Ratio Rank: 6
TSLT Martin Ratio Rank: 5

MSTZ

MSTZ Risk / Return Rank: 61
MSTZ Sharpe Ratio Rank: 58
MSTZ Sortino Ratio Rank: 68
MSTZ Omega Ratio Rank: 68
MSTZ Calmar Ratio Rank: 70
MSTZ Martin Ratio Rank: 42

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TSLT vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long Tesla Daily Target ETF (TSLT) 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.

	TSLT	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.33	1.38	-1.71
Sortino ratio: Return per unit of downside risk	0.12	2.22	-2.10
Omega ratio: Gain probability vs. loss probability	1.01	1.28	-0.27
Calmar ratio: Return relative to maximum drawdown	-0.43	2.44	-2.87
Martin ratio: Return relative to average drawdown	-0.94	4.53	-5.47

TSLT vs. MSTZ - Sharpe Ratio Comparison

The current TSLT Sharpe Ratio is -0.33, which is lower than the MSTZ Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of TSLT 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

TSLT vs. MSTZ - Drawdown Comparison

The maximum TSLT drawdown since its inception was -83.16%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for TSLT and MSTZ.

Drawdown Indicators

	TSLT	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-83.16%	-99.38%	+16.22%
Max Drawdown (1Y) Largest decline over 1 year	-70.65%	-84.89%	+14.24%
Current Drawdown Current decline from peak	-81.45%	-97.63%	+16.18%
Average Drawdown Average peak-to-trough decline	-51.45%	-94.63%	+43.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.01%	45.62%	-13.61%

Volatility

TSLT vs. MSTZ - Volatility Comparison

T-Rex 2X Long Tesla Daily Target ETF (TSLT) has a higher volatility of 43.62% compared to T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) at 37.86%. This indicates that TSLT's price experiences larger fluctuations and is considered to be riskier than MSTZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSLT	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	43.62%	37.86%	+5.76%
Volatility (6M) Calculated over the trailing 6-month period	70.67%	134.52%	-63.85%
Volatility (1Y) Calculated over the trailing 1-year period	92.45%	150.23%	-57.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	117.71%	169.87%	-52.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	117.71%	169.87%	-52.16%

TSLT vs. MSTZ - Expense Ratio Comparison

Both TSLT and MSTZ have an expense ratio of 1.05%.

Dividends

TSLT vs. MSTZ - Dividend Comparison

Neither TSLT nor MSTZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TSLT and MSTZ in my portfolio?

TSLT and MSTZ have a correlation of -0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSLT or MSTZ?

TSLT has higher volatility (43.62%) compared to MSTZ (37.86%). In terms of maximum drawdown, TSLT dropped -83.16% vs MSTZ's -99.38%.

Which ETF is better, TSLT or MSTZ?

On 1-year performance, MSTZ leads with 159.07% vs -27.14% for TSLT. Both ETFs have the same 1.05% expense ratio. On volatility, MSTZ has been the lower-risk option at 37.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLT or MSTZ?

Over the 1-year period, MSTZ has performed better with a 159.07% return vs -27.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLT or MSTZ?

TSLT and MSTZ have the same expense ratio: 1.05% per year.

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

TSLT and MSTZ have nearly identical dividend yields, around 0.00%.

What is the main difference between TSLT and MSTZ?

TSLT is categorized as Leveraged Equities, while MSTZ is Inverse Equities. They also come from different issuers: T-Rex and REX.

Which has better risk-adjusted returns?

MSTZ currently has the higher Sharpe Ratio (1.38 vs -0.33), 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.