VFMO vs. MSTZ

Last updated Jun 26, 2026

VFMO (Vanguard U.S. Momentum Factor ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - VFMO is a Momentum fund actively managed by Vanguard, while MSTZ is a Inverse Equities fund actively managed by REX. Both are actively managed. Over the past year, VFMO returned 46.44% vs 279.21% for MSTZ. At a correlation of -0.48, they often move in opposite directions. VFMO charges 0.13%/yr vs 1.05%/yr for MSTZ.

Performance

VFMO vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard U.S. Momentum Factor ETF (VFMO) 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, VFMO achieves a 28.14% return, which is significantly higher than MSTZ's 1.05% return.

VFMO

• 1D: 2.05%
• 1M: 4.29%
• YTD: 28.14%
• 6M: 24.50%
• 1Y: 46.44%
• 3Y*: 28.85%
• 5Y*: 14.38%
• 10Y*: —

MSTZ

• 1D: 19.27%
• 1M: 186.45%
• YTD: 1.05%
• 6M: 9.89%
• 1Y: 279.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VFMO vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
VFMO Vanguard U.S. Momentum Factor ETF	28.14%	17.39%	4.67%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	1.05%	-38.95%	-94.43%

Correlation

The correlation between VFMO and MSTZ is -0.49, 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	-0.49
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	-0.48

Return for Risk

VFMO vs. MSTZ — Risk / Return Rank

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

VFMO

VFMO Risk / Return Rank: 77
VFMO Sharpe Ratio Rank: 76
VFMO Sortino Ratio Rank: 68
VFMO Omega Ratio Rank: 69
VFMO Calmar Ratio Rank: 86
VFMO Martin Ratio Rank: 86

MSTZ

MSTZ Risk / Return Rank: 62
MSTZ Sharpe Ratio Rank: 69
MSTZ Sortino Ratio Rank: 60
MSTZ Omega Ratio Rank: 59
MSTZ Calmar Ratio Rank: 74
MSTZ Martin Ratio Rank: 45

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.

VFMO vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Momentum Factor ETF (VFMO) 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.

	VFMO	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	2.09	1.93	+0.16
Sortino ratio: Return per unit of downside risk	2.70	2.48	+0.22
Omega ratio: Gain probability vs. loss probability	1.36	1.32	+0.04
Calmar ratio: Return relative to maximum drawdown	4.25	3.31	+0.94
Martin ratio: Return relative to average drawdown	15.78	6.57	+9.21

VFMO vs. MSTZ - Sharpe Ratio Comparison

The current VFMO Sharpe Ratio is 2.09, which is comparable to the MSTZ Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of VFMO 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

VFMO vs. MSTZ - Drawdown Comparison

The maximum VFMO drawdown since its inception was -36.77%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for VFMO and MSTZ.

Drawdown Indicators

	VFMO	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-36.77%	-99.38%	+62.61%
Max Drawdown (1Y) Largest decline over 1 year	-10.98%	-84.89%	+73.91%
Max Drawdown (3Y) Largest decline over 3 years	-24.40%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.80%	—	—
Current Drawdown Current decline from peak	-0.53%	-96.56%	+96.03%
Average Drawdown Average peak-to-trough decline	-7.72%	-94.46%	+86.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	42.70%	-39.75%

Volatility

VFMO vs. MSTZ - Volatility Comparison

The current volatility for Vanguard U.S. Momentum Factor ETF (VFMO) is 8.30%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 46.08%. This indicates that VFMO 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

	VFMO	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.30%	46.08%	-37.78%
Volatility (6M) Calculated over the trailing 6-month period	17.41%	129.73%	-112.32%
Volatility (1Y) Calculated over the trailing 1-year period	22.36%	145.84%	-123.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.91%	170.65%	-148.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.64%	170.65%	-147.01%

VFMO vs. MSTZ - Expense Ratio Comparison

VFMO has a 0.13% expense ratio, which is lower than MSTZ's 1.05% expense ratio.

Dividends

VFMO vs. MSTZ - Dividend Comparison

VFMO's dividend yield for the trailing twelve months is around 0.57%, while MSTZ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VFMO Vanguard U.S. Momentum Factor ETF	0.57%	0.82%	0.72%	0.89%	1.72%	0.81%	0.45%	1.22%	0.70%

Frequently Asked Questions

Can I hold both VFMO and MSTZ in my portfolio?

VFMO and MSTZ have a correlation of -0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VFMO or MSTZ?

MSTZ has higher volatility (46.08%) compared to VFMO (8.30%). In terms of maximum drawdown, VFMO dropped -36.77% vs MSTZ's -99.38%.

Which ETF is better, VFMO or MSTZ?

On 1-year performance, MSTZ leads with 279.21% vs 46.44% for VFMO. On fees, VFMO is cheaper at 0.13% per year. On volatility, VFMO has been the lower-risk option at 8.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VFMO or MSTZ?

Over the 1-year period, MSTZ has performed better with a 279.21% return vs 46.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VFMO or MSTZ?

VFMO is cheaper with a 0.13% expense ratio, compared with 1.05% for MSTZ.

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

VFMO has the higher dividend yield at 0.57%, compared with 0.00% for MSTZ.

What is the main difference between VFMO and MSTZ?

VFMO is categorized as Momentum, while MSTZ is Inverse Equities. They also come from different issuers: Vanguard and REX. Their fees differ too: 0.13% for VFMO and 1.05% for MSTZ.

Which has better risk-adjusted returns?

VFMO currently has the higher Sharpe Ratio (2.09 vs 1.93), 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.