{"url":"https://etfiq.com/compare/leverage/mstp-vs-mstz","section":"compare","title":"MSTP vs MSTZ: which held to its multiple? | ETFIQ","description":"MSTP sets out to return +2 times MSTR each day and MSTZ -2 times. Over the three months to Sep 30, 2026 they finished \u22129.7 pts and +48.5 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, MSTP or MSTZ?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, MSTP finished 9.7 points from what its multiple implies and MSTZ finished 48.5 points from its own, so MSTP came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are MSTP and MSTZ levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Strategy, MSTP at +2 times and MSTZ at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, MSTP or MSTZ?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window MSTP\u2019s moved at 83% annualized and MSTZ\u2019s at 83%, so MSTP has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold MSTP or MSTZ for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, MSTP or MSTZ?","acceptedAnswer":{"@type":"Answer","text":"MSTP charges 1.50% a year and MSTZ charges 1.05%, so MSTZ is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"MSTP vs MSTZ","item":"https://etfiq.com/compare/leverage/mstp-vs-mstz"}]},{"@type":"WebPage","name":"MSTP vs MSTZ: which held to its multiple?","description":"MSTP sets out to return +2 times MSTR each day and MSTZ -2 times. Over the three months to Sep 30, 2026 they finished \u22129.7 pts and +48.5 pts away.","url":"https://etfiq.com/compare/leverage/mstp-vs-mstz","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, MSTP finished 11.9 points short and MSTZ 0.1 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of MSTP and MSTZ","description":"MSTP sets out to return +2 times MSTR each day and MSTZ -2 times. Over the three months to Sep 30, 2026 they finished \u22129.7 pts and +48.5 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/mstp-vs-mstz","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":7180,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / MSTP vs MSTZ \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n MSTP vs MSTZ: which held to its multiple?\n\n Over three months against its own daily promise, MSTP finished 11.9 points short and MSTZ 0.1 points short.\n Copy this for sharing \n \n GraniteShares 2x Long MSTR Daily ETF and T-REX 2X INVERSE MSTR DAILY TARGET ETF.\n\n Download as PDF \n\n +118.2% MSTP returned, 3 months \n \u221279.3% MSTZ returned, 3 months \n \u22129.7 pts MSTP from its stated multiple \n +48.5 pts MSTZ from its stated multiple \n\n ETFIQ Decay Resistance Score: MSTZ scores h","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/mstp-vs-mstz","a":{"ticker":"MSTP","name":"GraniteShares 2x Long MSTR Daily ETF","issuer":"GraniteShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: MSTP returned +118.2% where its own daily promise gave +130.0%, 11.9 points short.","url":"https://etfiq.com/funds/mstp","key_facts":[{"label":"What MSTR did","value":"+63.9%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+130.0%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+118.2%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u221211.9 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$16m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.50%","as_of":"2026-09-30","source":"485BPOS XBRL, Oct 24, 2025"}]},"b":{"ticker":"MSTZ","name":"T-REX 2X INVERSE MSTR DAILY TARGET ETF","issuer":"T-REX","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: MSTZ returned \u221279.3% where its own daily promise gave \u221279.2%, 0.1 points short.","url":"https://etfiq.com/funds/mstz","key_facts":[{"label":"What MSTR did","value":"+63.9%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"\u221279.2%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221279.3%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22120.1 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$99m","as_of":"2026-09-30","source":"issuer page, as of Sep 29, 2026"},{"label":"Expense ratio","value":"1.05%","as_of":"2026-09-30","source":"485BPOS XBRL, Dec 29, 2025"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/mstp-vs-mstz"}