VPL vs. MSTZ

Last updated Jul 30, 2026

VPL (Vanguard FTSE Pacific ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - VPL is a Asia Pacific Equities fund tracking the FTSE Developed Asia Pacific Index, while MSTZ is a Inverse Equities fund actively managed by REX. VPL is passively managed, while MSTZ is actively managed. Over the past year, VPL returned 31.48% vs 196.56% for MSTZ. Their -0.30 correlation means they have often moved in opposite directions in the past. VPL charges 0.08%/yr vs 1.05%/yr for MSTZ.

Performance

VPL vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard FTSE Pacific ETF (VPL) 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, VPL achieves a 16.05% return, which is significantly higher than MSTZ's -29.62% return.

VPL

• 1D: -1.52%
• 1M: -8.71%
• 6M: 5.65%
• YTD: 16.05%
• 1Y: 31.48%
• 3Y*: 16.85%
• 5Y*: 8.49%
• 10Y*: 8.98%
• ALL TIME*: 6.29%

MSTZ

• 1D: 5.83%
• 1M: -12.15%
• 6M: -17.04%
• YTD: -29.62%
• 1Y: 196.56%
• 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	$106.99M	$154.40M	$179.66M
VPL Vanguard FTSE Pacific ETF	$41.30M	$49.16M	$63.13M

VPL vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
VPL Vanguard FTSE Pacific ETF	16.05%	32.66%	-4.95%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-29.62%	-38.95%	-94.43%

Correlation

The correlation between VPL and MSTZ is -0.35, 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.	-0.35
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	-0.30

Return for Risk

VPL vs. MSTZ — Risk / Return Rank

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

VPL

VPL Risk / Return Rank: 60
VPL Sharpe Ratio Rank: 57
VPL Sortino Ratio Rank: 53
VPL Omega Ratio Rank: 60
VPL Calmar Ratio Rank: 68
VPL Martin Ratio Rank: 62

MSTZ

MSTZ Risk / Return Rank: 60
MSTZ Sharpe Ratio Rank: 56
MSTZ Sortino Ratio Rank: 67
MSTZ Omega Ratio Rank: 67
MSTZ Calmar Ratio Rank: 67
MSTZ Martin Ratio Rank: 40

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.

VPL vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Pacific ETF (VPL) 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.

	VPL	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	1.36	1.32	+0.04
Sortino ratio: Return per unit of downside risk	1.87	2.19	-0.32
Omega ratio: Gain probability vs. loss probability	1.26	1.28	-0.02
Calmar ratio: Return relative to maximum drawdown	2.37	2.33	+0.04
Martin ratio: Return relative to average drawdown	7.36	4.36	+3.00

VPL vs. MSTZ - Sharpe Ratio Comparison

The current VPL Sharpe Ratio is 1.36, which is comparable to the MSTZ Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of VPL 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

VPL vs. MSTZ - Drawdown Comparison

The maximum VPL drawdown since its inception was -55.49%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for VPL and MSTZ.

Drawdown Indicators

	VPL	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-55.49%	-99.38%	+43.89%
Max Drawdown (1Y) Largest decline over 1 year	-13.33%	-84.89%	+71.56%
Max Drawdown (3Y) Largest decline over 3 years	-16.35%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.09%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.90%	—	—
Current Drawdown Current decline from peak	-13.10%	-97.61%	+84.51%
Average Drawdown Average peak-to-trough decline	-11.59%	-94.61%	+83.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.29%	45.32%	-41.03%

Volatility

VPL vs. MSTZ - Volatility Comparison

The current volatility for Vanguard FTSE Pacific ETF (VPL) is 7.84%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 40.97%. This indicates that VPL 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

	VPL	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.84%	40.97%	-33.13%
Volatility (6M) Calculated over the trailing 6-month period	21.18%	135.13%	-113.95%
Volatility (1Y) Calculated over the trailing 1-year period	23.24%	149.72%	-126.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.22%	169.97%	-151.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.66%	169.97%	-152.31%

VPL vs. MSTZ - Expense Ratio Comparison

VPL has a 0.08% expense ratio, which is lower than MSTZ's 1.05% expense ratio.

Dividends

VPL vs. MSTZ - Dividend Comparison

VPL's dividend yield for the trailing twelve months is around 2.88%, while MSTZ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%
VPL Vanguard FTSE Pacific ETF	2.88%	4.01%	3.15%	3.12%	2.75%	3.19%	1.81%	2.84%	3.06%	2.57%	2.65%	2.43%

Frequently Asked Questions

Can I hold both VPL and MSTZ in my portfolio?

VPL and MSTZ have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VPL or MSTZ?

MSTZ has higher volatility (40.97%) compared to VPL (7.84%). In terms of maximum drawdown, VPL dropped -55.49% vs MSTZ's -99.38%.

Which ETF is better, VPL or MSTZ?

On 1-year performance, MSTZ leads with 196.56% vs 31.48% for VPL. On fees, VPL is cheaper at 0.08% per year. On volatility, VPL has been the lower-risk option at 7.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VPL or MSTZ?

Over the 1-year period, MSTZ has performed better with a 196.56% return vs 31.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VPL or MSTZ?

VPL is cheaper with a 0.08% expense ratio, compared with 1.05% for MSTZ.

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

VPL has the higher dividend yield at 2.88%, compared with 0.00% for MSTZ.

What is the main difference between VPL and MSTZ?

VPL is categorized as Asia Pacific Equities, while MSTZ is Inverse Equities. They also come from different issuers: Vanguard and REX. Their fees differ too: 0.08% for VPL and 1.05% for MSTZ.

Which has better risk-adjusted returns?

VPL currently has the higher Sharpe Ratio (1.36 vs 1.32), 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.