Browse everything: Tickers A–Z · Issuers · Comparisons · Tags
MSTZ ETF — T-REX 2X Inverse MSTR Daily Target ETF
T-REX 2X Inverse MSTR Daily Target ETF (MSTZ)
Updated October 16, 2026.
MSTZ is an ETF linked to Strategy (MSTR). its expense ratio is 1.05%. Total return is -99.3% over the past 2.1 years, 102.4 points behind MSTR at 3.1%.
This ETF seeks to deliver twice the inverse daily performance of MicroStrategy (MSTR) through leveraged financial instruments, making it designed for traders seeking short exposure to the stock. The fund does not distribute income to shareholders and carries an expense ratio of 1.05%. It appeals to experienced traders using tactical short positions rather than buy-and-hold income investors, and its daily reset mechanism means it is not suitable as a long-term holding.
MSTZ holdings and sector exposure
Holdings are not available for this snapshot.
Economic / reference exposure: MSTR (physical holdings below may be collateral and options, not the reference asset itself).
MSTZ performance versus MSTR
Price and return data through 2026-10-16.
Total return is -99.3% over the past 2.1 years, 102.4 points behind MSTR at 3.1%. Over the past year its total return — price change plus distributions reinvested — is -49.9%. Its deepest 1-year drawdown was 91.8%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -30.9% | — |
| 3M | -74.3% | — |
| 6M | -62.1% | — |
| YTD | -81.4% | — |
| 1Y | -49.9% | — |
| 2Y CAGR | — | -86.80% |
| Since inception (2.1 years) | -99.3% | -91.10% |
MSTZ key facts
- Issuer
- REX Shares
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 09/17/2024
- Expense ratio
- 1.05%
- Distribution frequency
- None
- Last close
- $3.19 (as of 2026-10-16)
- AUM
- $82,602,627
- Average volume
- 66242629.0
- Beta
- -6.0521
How Dividend Vision calculates yield and returns
Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: REX Shares; Index: Strategy (MSTR); prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
MSTZ risks and drawbacks
Total return has trailed MSTR over the available window. The deepest 1-year drawdown on record here is 91.8%.
Who may consider MSTZ — and who may not
It is a weaker fit for investors who need monthly cash flow (MSTZ does not currently distribute); investors whose main goal is matching MSTR total return. This is educational context, not a recommendation to buy or sell.
More on MSTZ
Frequently asked questions
Does MSTZ pay monthly?
No. MSTZ does not currently distribute.
What is MSTZ linked to?
MSTZ is linked to Strategy (MSTR), not a broad market index.
What is MSTZ's expense ratio?
MSTZ's expense ratio is 1.05%.
When does MSTZ pay a dividend?
MSTZ does not currently distribute.
How has MSTZ performed?
Total return is -99.3% over the past 2.1 years, 102.4 points behind MSTR at 3.1%. Over the past year its total return — price change plus distributions reinvested — is -49.9%. Its deepest 1-year drawdown was 91.8%.
More securities from REX Shares.
Tickers
Holdings as-of date unavailable.
| Ticker | Name | Weight |
|---|
See how this investment would fit into your portfolio.