T-REX 2X Long MSTR Daily Target ETF (MSTU) Performance
MSTU total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −58.3% since Dec 31, 2025
- 1 year
- −89.9% total return
- Since first price
- −86.4% since 2024
MSTU trailing returns vs SPY, QQQ, AGG
| Period | MSTU total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −23.8% | −23.8% | −1.0% | −5.0% | +0.9% |
| 3 months | +92.4% | +90.4% | +3.2% | +1.9% | −0.4% |
| 6 months | −54.9% | −55.4% | +7.8% | +8.4% | −1.5% |
| YTD | −58.3% | −58.7% | +12.3% | +15.1% | −1.0% |
| 1 year | −89.9% | −90.0% | +14.4% | +15.9% | −1.1% |
| Since inceptionSep 18, 2024 | −86.4% | −86.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MSTU vs SPY
From Sep 18, 2024: MSTU grew to $1,357, SPY to $13,892.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MSTU returns by calendar year
0 of 1 full years positive. Best 2025 (−89.1%), worst 2025 (−89.1%). 2026 is year to date.
MSTU annual returns table
| Year | MSTU | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −58.3% | −87.0% | +12.3% | +15.1% | −1.0% |
| 2025 | −89.1% | −93.7% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MSTU largest drawdowns
Now 98.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 20, 2024 | −99.4% | Jun 26, 2026 | not yet | 1.6 years | 1.9 years so far |
| Oct 29, 2024 | −26.2% | Nov 4, 2024 | Nov 7, 2024 | 6 days | 9 days |
| Oct 11, 2024 | −17.8% | Oct 17, 2024 | Oct 18, 2024 | 6 days | 7 days |
| Nov 12, 2024 | −16.3% | Nov 14, 2024 | Nov 18, 2024 | 2 days | 6 days |
| Sep 27, 2024 | −15.1% | Oct 1, 2024 | Oct 7, 2024 | 4 days | 10 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MSTU risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | −68.4% |
| Volatility (annualized) | 168.9% |
| Sharpe ratio | 0.12 |
| Sortino ratio | 0.21 |
| Best month | +106.8% |
| Worst month | −73.6% |
| Best 12 months | +16.0% |
| Worst 12 months | −98.1% |
| Positive months | 42% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MSTU rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 14 | −98.1% | −91.7% | +16.0% | 7% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
MSTU performance overview
T-REX 2X Long MSTR Daily Target ETF (MSTU) returned −89.9% over the past year, with distributions reinvested. Since its first recorded price on Sep 18, 2024 it has returned −86.4%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −99.4%, from Nov 20, 2024 to Jun 26, 2026; the fund has not yet regained that high. Volatility has been 168.9% a year.
Related: MSTU chart, MSTU dividends. See the MSTU overview for the latest quote and fund facts.
MSTU performance FAQ
What is the MSTU return over the past year?
MSTU returned −89.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 90.0%.
How much would $10,000 invested in MSTU be worth?
$10,000 invested in MSTU at its first recorded close on September 18, 2024 would be worth about $1,357 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of MSTU?
The largest peak-to-trough decline was −99.4% between November 20, 2024 and June 26, 2026. It has not yet recovered to that high; it is 98.7% below its peak.
How volatile is MSTU?
Over the past history MSTU had an annualized volatility of 168.9% and a Sharpe ratio of 0.12 (excess return over 1–3 month T-bills per unit of risk).