# MSTR Leveraged ETFs: 2x & Inverse, Compared

> 6 leveraged and inverse ETFs on MSTR: multiple, issuer, fee and net assets. Each against its stated multiple, as of Oct 27, 2026.

Data as of Oct 27, 2026. Rebuilt every trading night.

Data as of Oct 27, 2026 .

## MSTR leveraged and inverse ETFs

As of Oct 27, 2026, 6 ETFs aim to return −2x to 2x the daily move in Strategy Inc (MSTR). 4 issuers sell them. Over three months they finished from −22.7 to +19.2 percentage points against what their stated multiples implied.

### Browse leveraged ETFs

### All 6 leveraged and inverse ETFs on MSTR

| Ticker | Fund | Issuer | 1M vs multiple | 3M vs multiple | 1Y vs multiple | Net assets | Net assets as of | Fee | Total return 1M | Total return 3M | Total return YTD | Total return 1Y | Total return 3Y | Total return since launch | Multiple |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| MSTU | T-REX 2X LONG MSTR DAILY TARGET ETF | T-REX | −3.5 pts | −22.1 pts | not comparable | $657m | Oct 26, 2026 | 1.05% | −25.3% | +71.9% | −61.1% | −91.2% | not available | −87.3% since Sep 2024 | +2x |
| MSTX | Defiance Daily Target 2X Long MSTR ETF | Defiance | −3.5 pts | −22.7 pts | not comparable | $286m | Oct 26, 2026 | 1.31% | −25.3% | +71.3% | −61.8% | −91.4% | not available | −89.8% since Aug 2024 | +2x |
| MSTZ | T-REX 2X INVERSE MSTR DAILY TARGET ETF | T-REX | −9.5 pts | +19.2 pts | −154.6 pts | $84m | Oct 26, 2026 | 1.05% | +12.3% | −74.8% | −83.3% | −50.2% | not available | −99.4% since Sep 2024 | -2x |
| MSTP | GraniteShares 2x Long MSTR Daily ETF | GraniteShares | −3.3 pts | −21.7 pts | not comparable | $14m | Oct 26, 2026 | 1.50% | −25.1% | +72.3% | −58.7% | −90.4% | not available | −95.4% since Jun 2025 | +2x |
| SMST | Defiance Daily Target 2X Short MSTR ETF | Defiance | −11.4 pts | +18.2 pts | −160.7 pts | $3.9m | Oct 26, 2026 | 1.38% | +10.4% | −75.8% | −85.0% | −56.3% | not available | −99.2% since Aug 2024 | -2x |
| MSTC | Corgi MSTR 2x Daily ETF | Corgi | −3.3 pts | −19.3 pts | not available | $785,458 | Oct 27, 2026 | 0.20% | −25.1% | +74.7% | not available | not available | not available | +105.1% since Jun 2026 | +2x |

What MSTR itself did over the same days: −10.9% over one month, +47.0% over three months, −52.2% over one year.

### Questions people ask

Which 2x MSTR ETFs are there? As of Oct 27, 2026, 4 ETFs set out to return 2x the daily move in Strategy Inc (MSTR): MSTU , MSTX , MSTP and MSTC. Which inverse MSTR ETFs are there? As of Oct 27, 2026, 2 ETFs set out to return the opposite of the daily move in Strategy Inc (MSTR), at −2x: MSTZ and SMST. Which MSTR leveraged ETF is largest? MSTU , T-REX 2X LONG MSTR DAILY TARGET ETF, at $657m in net assets on Oct 26, 2026, the largest of the 6 on MSTR with a published size.

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, MSTR leveraged and inverse ETFs, data as of Oct 27, 2026. https://etfiq.com/leverage/mstr-leveraged-etfs
Licence: https://etfiq.com/license/ Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
HTML: https://etfiq.com/leverage/mstr-leveraged-etfs