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MSTZ vs TSDD

T-REX 2X Inverse MSTR Daily Target ETF

MSTZBCboe

GraniteShares 2x Short TSLA Daily ETF

TSDDANasdaq

Overlap

0.0%by weight

Expense ratio

TSDD −0.07pt a year

MSTZ1.05%TSDD0.98%

Avg volume · 30D

MSTZ 3.2×the volume

MSTZ34.9MTSDD11M

MSTZ vs TSDD Performance

Oct 31, 2025 – Oct 30, 2026

−50.7%MSTZ−24.7%TSDD

Oct 31, 2025 to Oct 30, 2026. MSTZ −50.7%. TSDD −24.7%. Use the arrow keys to read each point.100%200%300%Oct 2025Apr 2026Oct 2026
Expense ratio
MSTZ 1.05%
TSDD 0.98%, better
Fund size
MSTZ $75M
TSDD $31M
1Y total return
MSTZ −50.7%
TSDD −24.7%, better
Yield (12M)
MSTZ No data
TSDD 10.55%
Holdings
MSTZ 2
TSDD 1
Avg volume (30D)
MSTZ 34.9M sh, better
TSDD 11M sh
NAV per share
MSTZ $2.85
TSDD $6.07
52W range

ETF.net Grade

MSTZ: Cost 65, Risk 47, Mission 88, Tradability 62, Holdings not scored, Durability 68. TSDD: Cost 94, Risk 49, Mission 98, Tradability 81, Holdings not scored, Durability 72.
Pillar letters and Scores for MSTZ, TSDD, with each pillar’s weight
PillarMSTZTSDD
Cost30% weightB65A94Higher
Mission25% weightA88A98Higher
Risk15% weightC47C49Higher
Tradability15% weightB62A81Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB68A72Higher

Rank among Single-Stock Inverse funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. MSTZ and TSDD are both graded against the same 43 Single-Stock Inverse funds, so their Grades compare head to head.

Single-Stock Inverse⁠

Category · 43 funds
See all 43 ›

TSDD ranks 2nd and MSTZ 17th of 43 funds in the Single-Stock Inverse Category.

  1. Rank 1AAAPDDirexion Daily AAPL Bear 1X ETFScore 86
  2. Rank 2ATSDDGraniteShares 2x Short TSLA Daily ETFScore 84
  3. Rank 3ASKHZLeverage Shares 1X Short SK Hynix Daily ETFScore 81
  4. Rank 15BTSLZT-REX 2X Inverse Tesla Daily Target ETFScore 68
  5. Rank 17BMSTZT-REX 2X Inverse MSTR Daily Target ETFScore 67
  6. Rank 18BPLTZDaily Target 2X Short PLTR ETFScore 65

Our read on each fund

ETF.net Research

MSTZBT-REX 2X Inverse MSTR Daily Target ETF

TSDDAGraniteShares 2x Short TSLA Daily ETF

In short

MSTZ A 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.

TSDD Tesla bears pick their dosage; this is the double. TSDD aims for -2x TSLA's move each day, reset daily, at 0.95% net of a waiver through December 31, 2026. Designed as a short-term tool, not a buy-and-forget holding.

Stated mandate

MSTZ The fund seeks inverse leveraged daily investment results tied to MSTR and is designed for short-term trading.

TSDD The fund seeks daily results before fees and expenses equal to negative 200% of the daily percentage change in Tesla's common stock. It is designed as a short-term inverse leveraged vehicle.

Why people hold it

  • MSTZ 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.
  • TSDD 0.95% net of a waiver through December 31, 2026 (1.13% gross) undercuts fellow 2x short Tesla fund TSLZ at 1.05% and matches 1x bear TSLS at 0.95%, for double the daily exposure.
  • Hews closely to its stated -2x daily target, one of the tighter implementations among single-stock bear funds.
  • Heavily traded for an inverse single-stock fund, so getting in and out is rarely a chore.
  • A 1940 Act ETF that uses swaps and options on TSLA to sit near 200% short at each close: no margin account or stock borrow on your end.graniteshares.com

Worth knowing

  • MSTZ 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.
  • TSDD The -2x target resets every day. Hold longer and compounding pulls results away from -2x TSLA's cumulative move, in either direction.graniteshares.com
  • One stock, geared twice: a sharp TSLA rally bites just as hard in reverse. Risk is the highest-octane part of this package.
  • A small fund, and the fee waiver runs through December 31, 2026; after that costs can step up toward the 1.13% gross level.

Full MSTZ profile⁠

Full TSDD profile⁠

MSTZ vs TSDD Holdings

How MSTZ and TSDD differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of MSTZ and 0.0% of TSDD.

Level by level

  • Asset classEquity, Leveraged/Inverse0.0%
  • Holdings0 in both0.0%

Sector

No Sector split for MSTZ.

Country, concentration and asset class

Country by domicile

No country split for MSTZ.

Concentration

Weight in the 10 largest Holdings

  • MSTZ102.8%
  • TSDD199.9%

Securities held

  • MSTZ1
  • TSDD1

Asset class

MSTZ
Equity
TSDD
Leveraged/Inverse

Holdings

  • Only in MSTZ1
  • In both0
  • Only in TSDD1

Only in MSTZ

1 security, 4.8% of MSTZ by weight

  • Strg Trs Mstr Eq4.78%

Only in TSDD

1 security, 100% of TSDD by weight

  • Tsla199.89%

Weight gaps

MSTZ and TSDD share no securities.

All 9 MSTZ holdings⁠All 2 TSDD holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

MSTZ vs TSDD Cost

Overpaying MSTZ vs TSDD

$1,133

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

  • MSTZ 1.05%

    $19,495

  • TSDD 0.98%

    $18,362

$10,000
30 years

Cost over time

  • MSTZ 1.05%
  • TSDD 0.98%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530MSTZ $19,495TSDD $18,362

Year by year

YearMSTZTSDDOverpaying
10$1,847$1,729$118
20$6,927$6,504$423
30$19,495$18,362$1,133

Expense ratio

  • 1.05%MSTZ
  • 0.98%TSDD, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

TSDD 5th cheapest of 43 funds

MSTZ 20th cheapest of 43 funds

MSTZ vs TSDD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
MSTZ No data
TSDD 10.55%
Payout (12M)
MSTZ None
TSDD $0.65
Last payment
MSTZ No data
TSDD $0.65
Ex-dividend
MSTZ No data
TSDD Dec 29, 2025
Paid on
MSTZ No data
TSDD Dec 31, 2025
Frequency
MSTZ No data
TSDD Irregular

Distribution history

Per share, 2023 to 2026, same scale for both

MSTZAll MSTZ payments⁠

No distribution history available.

TSDDIrregular · 2 paymentsAll TSDD payments⁠
One bar per payment. 2 payments from 2023 to 2026 YTD. Dec 27, 2023 $77.34; Dec 29, 2025 $0.65. Use the arrow keys to read each point.$0$5020232026YTD

MSTZ vs TSDD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MSTZ 185.8%since Oct 2024TSDD 100.6%
Return per unit of riskSharpe ratio, 3 years
MSTZ −0.21since Oct 2024TSDD −0.87
Worst fallMax drawdown, 5 years
MSTZ −99.5%since Sep 2024TSDD −99.1%since Aug 2023
Market sensitivityBeta, 5 years
MSTZ −3.35TSDD −2.40

Popular comparisons

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    T-REX 2X Inverse MSTR Daily Target ETF · Direxion Daily AAPL Bear 1X ETF

    Expense ratio
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  • TSDDAvsAAPDA

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  • TSDDAvsTSLSA

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