USXF vs. MSTZ

Last updated Jul 14, 2026

USXF (iShares ESG Advanced MSCI USA ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - USXF is a Large Cap Growth Equities fund tracking the MSCI USA Choice ESG Screened Index, while MSTZ is a Inverse Equities fund actively managed by REX. USXF is passively managed, while MSTZ is actively managed. Over the past year, USXF returned 25.16% vs 264.10% for MSTZ. At a correlation of -0.43, they often move in opposite directions. USXF charges 0.10%/yr vs 1.05%/yr for MSTZ.

Performance

USXF vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares ESG Advanced MSCI USA ETF (USXF) 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, USXF achieves a 17.64% return, which is significantly higher than MSTZ's -26.97% return.

USXF

• 1D: -1.72%
• 1M: 0.12%
• 6M: 14.63%
• YTD: 17.64%
• 1Y: 25.16%
• 3Y*: 23.84%
• 5Y*: 14.32%
• 10Y*: —

MSTZ

• 1D: -1.53%
• 1M: 39.32%
• 6M: -19.19%
• YTD: -26.97%
• 1Y: 264.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

USXF vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
USXF iShares ESG Advanced MSCI USA ETF	17.64%	16.97%	3.86%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-26.97%	-38.95%	-94.43%

Correlation

The correlation between USXF and MSTZ is -0.43, 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	-0.43
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	-0.43

Return for Risk

USXF vs. MSTZ — Risk / Return Rank

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

USXF

USXF Risk / Return Rank: 55
USXF Sharpe Ratio Rank: 51
USXF Sortino Ratio Rank: 47
USXF Omega Ratio Rank: 48
USXF Calmar Ratio Rank: 62
USXF Martin Ratio Rank: 65

MSTZ

MSTZ Risk / Return Rank: 60
MSTZ Sharpe Ratio Rank: 61
MSTZ Sortino Ratio Rank: 62
MSTZ Omega Ratio Rank: 63
MSTZ Calmar Ratio Rank: 71
MSTZ Martin Ratio Rank: 43

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.

USXF vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced MSCI USA ETF (USXF) 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.

	USXF	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	1.39	1.64	-0.24
Sortino ratio: Return per unit of downside risk	1.91	2.34	-0.42
Omega ratio: Gain probability vs. loss probability	1.25	1.30	-0.06
Calmar ratio: Return relative to maximum drawdown	2.48	2.86	-0.38
Martin ratio: Return relative to average drawdown	9.28	5.59	+3.69

USXF vs. MSTZ - Sharpe Ratio Comparison

The current USXF Sharpe Ratio is 1.39, which is comparable to the MSTZ Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of USXF 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

USXF vs. MSTZ - Drawdown Comparison

The maximum USXF drawdown since its inception was -29.54%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for USXF and MSTZ.

Drawdown Indicators

	USXF	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-29.54%	-99.38%	+69.84%
Max Drawdown (1Y) Largest decline over 1 year	-10.19%	-84.89%	+74.70%
Max Drawdown (3Y) Largest decline over 3 years	-20.93%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.54%	—	—
Current Drawdown Current decline from peak	-3.08%	-97.51%	+94.43%
Average Drawdown Average peak-to-trough decline	-6.35%	-94.53%	+88.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.72%	43.41%	-40.69%

Volatility

USXF vs. MSTZ - Volatility Comparison

The current volatility for iShares ESG Advanced MSCI USA ETF (USXF) is 7.55%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 56.46%. This indicates that USXF 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

	USXF	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.55%	56.46%	-48.91%
Volatility (6M) Calculated over the trailing 6-month period	15.16%	135.20%	-120.04%
Volatility (1Y) Calculated over the trailing 1-year period	18.17%	148.41%	-130.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.94%	171.17%	-151.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.37%	171.17%	-151.80%

USXF vs. MSTZ - Expense Ratio Comparison

USXF has a 0.10% expense ratio, which is lower than MSTZ's 1.05% expense ratio.

Dividends

USXF vs. MSTZ - Dividend Comparison

USXF's dividend yield for the trailing twelve months is around 0.82%, while MSTZ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USXF iShares ESG Advanced MSCI USA ETF	0.82%	0.93%	1.00%	1.21%	1.39%	0.86%	0.58%

Frequently Asked Questions

Can I hold both USXF and MSTZ in my portfolio?

USXF 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, USXF or MSTZ?

MSTZ has higher volatility (56.46%) compared to USXF (7.55%). In terms of maximum drawdown, USXF dropped -29.54% vs MSTZ's -99.38%.

Which ETF is better, USXF or MSTZ?

On 1-year performance, MSTZ leads with 264.10% vs 25.16% for USXF. On fees, USXF is cheaper at 0.10% per year. On volatility, USXF has been the lower-risk option at 7.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USXF or MSTZ?

Over the 1-year period, MSTZ has performed better with a 264.10% return vs 25.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USXF or MSTZ?

USXF is cheaper with a 0.10% expense ratio, compared with 1.05% for MSTZ.

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

USXF has the higher dividend yield at 0.82%, compared with 0.00% for MSTZ.

What is the main difference between USXF and MSTZ?

USXF is categorized as Large Cap Growth Equities, while MSTZ is Inverse Equities. They also come from different issuers: iShares and REX. Their fees differ too: 0.10% for USXF and 1.05% for MSTZ.

Which has better risk-adjusted returns?

MSTZ currently has the higher Sharpe Ratio (1.64 vs 1.39), 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.