T-REX 2X Inverse MSTR Daily Target ETF
AThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$2.69+0.01 (+0.37%)
- 1.05%
- $87M
- −52.2%
- 27.5M sh
- $2.63
- low $2.18high $28.71
The ETF.net MSTZ Grade
A
Score 75 out of 100
- 12 of 58
Score 75 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A86 out of 100Rank 8 of 58Mission
Whether the fund did what it promised, tested against its stated mandate.A89 out of 100Rank 22 of 32Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C50 out of 100Rank 21 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B62 out of 100Rank 16 of 58Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B67 out of 100Rank 11 of 58
Our read on MSTZ
AA double-inverse day trade on MicroStrategy in a single ticker. MSTZ aims to deliver -2x MSTR's move each day, resets every night, and charges less than the typical single-stock bear fund. Built for short holds, by design.
The fund seeks inverse leveraged daily investment results tied to MSTR and is designed for short-term trading.
Why people hold it
- Puts a -2x MSTR position in one ticker: no margin account, no share borrow to arrange, and as a 1940 Act fund you can't lose more than you put in.rexshares.com
- At 1.05%, it undercuts the typical fee in its single-stock bear cohort. Fees bite hardest on a product you keep trading in and out of.
- One of the more heavily traded names in the single-stock bear group, which is what keeps spreads and exit liquidity workable for short holds.
- Hits its stated daily -2x target closely, one of the tighter implementations among single-stock bear funds.
Worth knowing
- The -2x is a one-day target that resets each night. Hold through a choppy stretch and results can land far from -2x the period move, either direction.rexshares.com
- Two times the inverse of one volatile stock means violent sessions. The fund's own materials frame it as a short-term trading tool needing daily attention.rexshares.com
- Launched in 2024, so the record covers a limited run of market conditions, and it pays no regular distribution. Price direction is the whole return.
MSTZ Holdings
- Stocks
- 2
- 106%
- Cash and Cash Equivalents
MSTZ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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MSTZ$4,777
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MSTZ |
|---|---|
| Year to date | −84.4% |
| 1 month | −38.5% |
| 3 months | −78.6% |
| 1 year | −52.2% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MSTZ |
|---|---|---|
| 2026 YTD | −84.4% | |
| 2025 | −38.9% | |
| 2024 | −94.3% |
MSTZ in the news
MSTZ Dividends
No distributions in the last 12 months.
MSTZ Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 189.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.26
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −99.5%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- −3.35
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MSTZ Cost
1.05%
MSTZ1.05%
- The middle half of Single-Stock Inverse funds
- Median 1.35%
7 of the 43 Single-Stock Inverse funds charge less.
Other funds in Single-Stock Inverse
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- ATSLZT-REX 2X Inverse Tesla Daily Target ETFExpense ratio 1.05%1 year return −31.8%
- ANVDDDirexion Daily NVDA Bear 1X ETFExpense ratio 1.01%1 year return −24.2%
- AORCSDirexion Daily ORCL Bear 1X ETFExpense ratio 0.99%1 year return —
- AMETDDirexion Daily META Bear 1X ETFExpense ratio 1.19%1 year return −15.3%