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Launched

T-REX 2X Inverse MSTR Daily Target ETF

MSTZCboeRexsharesBThis 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.

$3.27−0.02 (−0.61%)

At close: Nov 2, 2026, 4:00 PM ET

B67/ 100

Rank 17 of 58 in Single-Stock Inverse

B67/100Rank 17 of 58inSingle-Stock Inverse
Intraday session: down, 79 prints from 3.29 to 3.27. Range 2.98 to 3.34. Use the arrow keys to read each point.3.003.103.2010 AM12 PM2 PM4 PM
Expense ratio
1.05%
Fund size
$75M
1Y total return
−50.7%
Yield · Last 12 months
No data
Holdings
2
Avg volume · 30D
34.9M sh
52W range
low $2.18high $28.71
Launched

The ETF.net MSTZ Grade

Based on 5 of 6 pillars

B

Score 67 out of 100

Category
Single-Stock Inverse⁠
Rank
17 of 58
Six-pillar profile for MSTZ. Scores out of 100: Cost 65, Risk 47, Mission 88, Tradability 62, Holdings not scored, Durability 68. Strongest: Mission (88). Weakest: Risk (47). Based on 5 of 6 pillars.

Score 67 of 100 falls in the B 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.
    B65 out of 100
    Rank 20 of 58

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A88 out of 100
    Rank 25 of 32

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C47 out of 100
    Rank 28 of 54

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B62 out of 100
    Rank 18 of 58

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B68 out of 100
    Rank 10 of 58

Our read on MSTZ

ETF.net Research

In short

BA 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.

Stated mandate

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

Asset class
Stocks
Holdings
2
Top-10 weight
103%
Largest holding
Cash and Cash Equivalents98.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataCash and Cash Equivalents98.03%65,755,636$65.8M123
2No dataStrg Trs Mstr Eq4.78%56,408,191$3.21M1

Showing 1–2 of 2 holdings

MSTZ Performance

Launched Sep 18, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
MSTZ$4,933
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. MSTZ $4,933. SPY $11,199. Use the arrow keys to read each point.$10,000$20,000$30,000$40,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for MSTZ. Periods over one year show the average yearly return.
PeriodMSTZ
Year to date−80.8%
1 month+20.1%
3 months−72.4%
1 year−50.7%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MSTZ
YearReturn barMSTZ
2026 YTD−80.8%
2025−38.9%
2024−94.3%

Since listing, Sep 18, 2024

MSTZ in the news

MSTZ Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

MSTZ Risk

Risk pillarC47 out of 100Rank 28 of 54 in Single-Stock Inverse

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.

How much the fund’s monthly returns vary, scaled to a year.
185.8%
Annualised · 25 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
−0.21
vs 3-month T-bills · 25 months to Oct 2026
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.

The largest fall from a peak to the low that followed.
−99.5%
25 months · trough Sep 2026
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.

How strongly the fund’s returns move with its asset-class index.
−3.35
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

MSTZ Cost

Compare MSTZ and SKHZ

Overpaying vs SKHZ, cheapest in Single-Stock Inverse

$5,013

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MSTZ 1.05%

    $19,495

  • SKHZ 0.75% Cheapest

    $14,482

$10,000
30 years

Cost over time

  • MSTZ 1.05%
  • SKHZ 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530MSTZ $19,495SKHZ $14,482

Year by year

YearMSTZSKHZOverpaying
10$1,847$1,336$511
20$6,927$5,078$1,849
30$19,495$14,482$5,013

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