VGMS vs. MSTZ

Last updated Jul 17, 2026

VGMS (Vanguard Multi-Sector Income Bond ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - VGMS is a Multisector Bonds fund actively managed by Vanguard, while MSTZ is a Inverse Equities fund actively managed by REX. Both are actively managed. Over the past year, VGMS returned 6.26% vs 299.04% for MSTZ. At a correlation of -0.31, they often move in opposite directions. VGMS charges 0.30%/yr vs 1.05%/yr for MSTZ.

Performance

VGMS vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Multi-Sector Income Bond ETF (VGMS) 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, VGMS achieves a 1.70% return, which is significantly higher than MSTZ's -27.52% return.

VGMS

• 1D: -0.06%
• 1M: 0.04%
• 6M: 1.39%
• YTD: 1.70%
• 1Y: 6.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSTZ

• 1D: 6.51%
• 1M: 38.88%
• 6M: -2.59%
• YTD: -27.52%
• 1Y: 299.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VGMS vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025
VGMS Vanguard Multi-Sector Income Bond ETF	1.70%	5.51%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-27.52%	277.34%

Correlation

The correlation between VGMS and MSTZ is -0.32, 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	-0.32
Correlation (All Time) Calculated using the full available price history since Jun 11, 2025	-0.31

Return for Risk

VGMS vs. MSTZ — Risk / Return Rank

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

VGMS

VGMS Risk / Return Rank: 76
VGMS Sharpe Ratio Rank: 76
VGMS Sortino Ratio Rank: 80
VGMS Omega Ratio Rank: 80
VGMS Calmar Ratio Rank: 64
VGMS Martin Ratio Rank: 78

MSTZ

MSTZ Risk / Return Rank: 70
MSTZ Sharpe Ratio Rank: 80
MSTZ Sortino Ratio Rank: 69
MSTZ Omega Ratio Rank: 69
MSTZ Calmar Ratio Rank: 83
MSTZ Martin Ratio Rank: 51

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.

VGMS vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Multi-Sector Income Bond ETF (VGMS) 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.

	VGMS	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	1.94	2.03	-0.09
Sortino ratio: Return per unit of downside risk	2.87	2.49	+0.38
Omega ratio: Gain probability vs. loss probability	1.37	1.33	+0.05
Calmar ratio: Return relative to maximum drawdown	2.55	3.55	-1.00
Martin ratio: Return relative to average drawdown	11.61	6.84	+4.77

VGMS vs. MSTZ - Sharpe Ratio Comparison

The current VGMS Sharpe Ratio is 1.94, which is comparable to the MSTZ Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of VGMS 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

VGMS vs. MSTZ - Drawdown Comparison

The maximum VGMS drawdown since its inception was -2.46%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for VGMS and MSTZ.

Drawdown Indicators

	VGMS	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-2.46%	-99.38%	+96.92%
Max Drawdown (1Y) Largest decline over 1 year	-2.46%	-84.89%	+82.43%
Current Drawdown Current decline from peak	-0.20%	-97.53%	+97.33%
Average Drawdown Average peak-to-trough decline	-0.30%	-94.55%	+94.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.54%	43.95%	-43.41%

Volatility

VGMS vs. MSTZ - Volatility Comparison

The current volatility for Vanguard Multi-Sector Income Bond ETF (VGMS) is 0.87%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 55.03%. This indicates that VGMS 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

	VGMS	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.87%	55.03%	-54.16%
Volatility (6M) Calculated over the trailing 6-month period	2.70%	134.45%	-131.75%
Volatility (1Y) Calculated over the trailing 1-year period	3.24%	148.58%	-145.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.20%	170.73%	-167.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.20%	170.73%	-167.53%

VGMS vs. MSTZ - Expense Ratio Comparison

VGMS has a 0.30% expense ratio, which is lower than MSTZ's 1.05% expense ratio.

Dividends

VGMS vs. MSTZ - Dividend Comparison

VGMS's dividend yield for the trailing twelve months is around 5.37%, while MSTZ has not paid dividends to shareholders.

Position	TTM	2025
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	0.00%	0.00%
VGMS Vanguard Multi-Sector Income Bond ETF	5.37%	2.94%

Frequently Asked Questions

Can I hold both VGMS and MSTZ in my portfolio?

VGMS and MSTZ have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VGMS or MSTZ?

MSTZ has higher volatility (55.03%) compared to VGMS (0.87%). In terms of maximum drawdown, VGMS dropped -2.46% vs MSTZ's -99.38%.

Which ETF is better, VGMS or MSTZ?

On 1-year performance, MSTZ leads with 299.04% vs 6.26% for VGMS. On fees, VGMS is cheaper at 0.30% per year. On volatility, VGMS has been the lower-risk option at 0.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VGMS or MSTZ?

Over the 1-year period, MSTZ has performed better with a 299.04% return vs 6.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VGMS or MSTZ?

VGMS is cheaper with a 0.30% expense ratio, compared with 1.05% for MSTZ.

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

VGMS has the higher dividend yield at 5.37%, compared with 0.00% for MSTZ.

What is the main difference between VGMS and MSTZ?

VGMS is categorized as Multisector Bonds, while MSTZ is Inverse Equities. They also come from different issuers: Vanguard and REX. Their fees differ too: 0.30% for VGMS and 1.05% for MSTZ.

Which has better risk-adjusted returns?

MSTZ currently has the higher Sharpe Ratio (2.03 vs 1.94), 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.