WTID vs. MSTZ

Last updated Apr 1, 2026

Compare and contrast key facts about MicroSectors Energy -3X Inverse Leveraged ETN (WTID) and T-REX 2X Inverse MSTR Daily Target ETF (MSTZ).

WTID and MSTZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WTID is a passively managed fund by REX that tracks the performance of the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%). It was launched on Feb 16, 2023. MSTZ is an actively managed fund by REX. It was launched on Sep 17, 2024.

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.

WTID vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WTID MicroSectors Energy -3X Inverse Leveraged ETN	-64.82%	-44.50%	9.69%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-27.23%	-38.95%	-94.26%

Returns By Period

In the year-to-date period, WTID achieves a -64.82% return, which is significantly lower than MSTZ's -27.23% return.

WTID

• 1D: 4.88%
• 1M: -34.34%
• YTD: -64.82%
• 6M: -65.12%
• 1Y: -73.42%
• 3Y*: -48.22%
• 5Y*: —
• 10Y*: —

MSTZ

• 1D: -5.53%
• 1M: -4.07%
• YTD: -27.23%
• 6M: 137.26%
• 1Y: -11.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WTID vs. MSTZ - Expense Ratio Comparison

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

MSTZ

T-REX 2X Inverse MSTR Daily Target ETF

WTID

MicroSectors Energy -3X Inverse Leveraged ETN

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: 2

MSTZ

MSTZ Risk / Return Rank: 20
MSTZ Sharpe Ratio Rank: 10
MSTZ Sortino Ratio Rank: 36
MSTZ Omega Ratio Rank: 35
MSTZ Calmar Ratio Rank: 10
MSTZ Martin Ratio Rank: 11

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	-0.91	-0.08	-0.84
Sortino ratio Return per unit of downside risk	-1.81	1.02	-2.82
Omega ratio Gain probability vs. loss probability	0.80	1.14	-0.34
Calmar ratio Return relative to maximum drawdown	-0.86	-0.12	-0.74
Martin ratio Return relative to average drawdown	-1.33	-0.17	-1.16
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 -0.91, which is lower than the MSTZ Sharpe Ratio of -0.08. The chart below compares the historical Sharpe Ratios of WTID and MSTZ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	WTID	MSTZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.91	-0.08	-0.84
Sharpe Ratio (All Time) Calculated using the full available price history	-0.66	-0.53	-0.14

Correlation

The correlation between WTID and MSTZ is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

WTID vs. MSTZ - Dividend Comparison

Neither WTID nor MSTZ has paid dividends to shareholders.

Tickers have no history of dividend payments

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	-86.07%	-83.20%	-2.87%
Current Drawdown Current decline from peak	-89.63%	-97.45%	+7.82%
Average Drawdown Average peak-to-trough decline	-52.57%	-93.91%	+41.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	56.03%	61.32%	-5.29%

Volatility

WTID vs. MSTZ - Volatility Comparison

The current volatility for MicroSectors Energy -3X Inverse Leveraged ETN (WTID) is 17.45%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 38.43%. 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	17.45%	38.43%	-20.98%
Volatility (6M) Calculated over the trailing 6-month period	44.85%	122.48%	-77.63%
Volatility (1Y) Calculated over the trailing 1-year period	80.62%	147.15%	-66.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.06%	173.11%	-104.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.06%	173.11%	-104.05%