WTID vs. MSTZ

Last updated Jun 4, 2026

WTID (MicroSectors Energy -3X Inverse Leveraged ETN) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both Inverse Equities funds from REX. WTID is passively managed, while MSTZ is actively managed. Over the past year, WTID returned -72.92% vs 94.24% for MSTZ. At a 0.11 correlation, their price movements are largely independent. WTID charges 0.95%/yr vs 1.05%/yr for MSTZ.

Performance

WTID vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Energy -3X Inverse Leveraged ETN (WTID) 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, WTID achieves a -62.23% return, which is significantly lower than MSTZ's -46.88% return.

WTID

• 1D: -3.31%
• 1M: -1.13%
• YTD: -62.23%
• 6M: -57.99%
• 1Y: -72.92%
• 3Y*: -48.40%
• 5Y*: —
• 10Y*: —

MSTZ

• 1D: 14.02%
• 1M: 86.49%
• YTD: -46.88%
• 6M: -23.06%
• 1Y: 94.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WTID vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WTID MicroSectors Energy -3X Inverse Leveraged ETN	-62.23%	-44.50%	9.69%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-46.88%	-38.95%	-94.26%

Correlation

The correlation between WTID and MSTZ is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (All Time) Calculated using the full available price history since Sep 19, 2024	0.11

Return for Risk

WTID vs. MSTZ — Risk / Return Rank

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

WTID

WTID Risk / Return Rank: 1
WTID Sharpe Ratio Rank: 1
WTID Sortino Ratio Rank: 0
WTID Omega Ratio Rank: 1
WTID Calmar Ratio Rank: 1
WTID Martin Ratio Rank: 1

MSTZ

MSTZ Risk / Return Rank: 26
MSTZ Sharpe Ratio Rank: 20
MSTZ Sortino Ratio Rank: 32
MSTZ Omega Ratio Rank: 34
MSTZ Calmar Ratio Rank: 24
MSTZ Martin Ratio Rank: 20

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.

WTID vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Energy -3X Inverse Leveraged ETN (WTID) 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.

	WTID	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	-1.10	0.68	-1.78
Sortino ratio: Return per unit of downside risk	-2.24	1.74	-3.99
Omega ratio: Gain probability vs. loss probability	0.77	1.23	-0.46
Calmar ratio: Return relative to maximum drawdown	-0.94	1.12	-2.05
Martin ratio: Return relative to average drawdown	-1.55	2.35	-3.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WTID vs. MSTZ - Sharpe Ratio Comparison

The current WTID Sharpe Ratio is -1.10, which is lower than the MSTZ Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of WTID 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.

Sharpe Ratios by Period

	WTID	MSTZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.10	0.68	-1.78
Sharpe Ratio (All Time) Calculated using the full available price history	-0.61	-0.53	-0.08

Drawdowns

WTID vs. MSTZ - Drawdown Comparison

The maximum WTID drawdown since its inception was -90.35%, smaller than the maximum MSTZ drawdown of -99.36%. Use the drawdown chart below to compare losses from any high point for WTID and MSTZ.

Drawdown Indicators

	WTID	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-90.35%	-99.36%	+9.01%
Max Drawdown (1Y) Largest decline over 1 year	-78.12%	-84.89%	+6.77%
Max Drawdown (3Y) Largest decline over 3 years	-88.99%	—	—
Current Drawdown Current decline from peak	-88.87%	-98.14%	+9.27%
Average Drawdown Average peak-to-trough decline	-54.44%	-94.39%	+39.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	47.10%	40.30%	+6.80%

Volatility

WTID vs. MSTZ - Volatility Comparison

The current volatility for MicroSectors Energy -3X Inverse Leveraged ETN (WTID) is 25.63%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 37.49%. This indicates that WTID 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

	WTID	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.63%	37.49%	-11.86%
Volatility (6M) Calculated over the trailing 6-month period	53.59%	125.82%	-72.23%
Volatility (1Y) Calculated over the trailing 1-year period	66.54%	140.34%	-73.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.34%	170.37%	-100.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.34%	170.37%	-100.03%

WTID vs. MSTZ - Expense Ratio Comparison

WTID has a 0.95% expense ratio, which is lower than MSTZ's 1.05% expense ratio.

Dividends

WTID vs. MSTZ - Dividend Comparison

Neither WTID nor MSTZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WTID and MSTZ in my portfolio?

WTID and MSTZ have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WTID or MSTZ?

MSTZ has higher volatility (37.49%) compared to WTID (25.63%). In terms of maximum drawdown, WTID dropped -90.35% vs MSTZ's -99.36%.

Which ETF is better, WTID or MSTZ?

On 1-year performance, MSTZ leads with 94.24% vs -72.92% for WTID. On fees, WTID is cheaper at 0.95% per year. On volatility, WTID has been the lower-risk option at 25.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WTID or MSTZ?

Over the 1-year period, MSTZ has performed better with a 94.24% return vs -72.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WTID or MSTZ?

WTID is cheaper with a 0.95% expense ratio, compared with 1.05% for MSTZ.

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

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

What is the main difference between WTID and MSTZ?

Their fees differ too: 0.95% for WTID and 1.05% for MSTZ.

Which has better risk-adjusted returns?

MSTZ currently has the higher Sharpe Ratio (0.68 vs -1.10), 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.