- Issuer
- T-Rex
- Inception Date
- Jan 10, 2024
- Category
- Leveraged Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
MSFX Performance Chart
T-Rex 2X Long Microsoft Daily Target ETF (MSFX) is down 47.6% since the beginning of the year. MSFX is currently trading at $14 per share.
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Returns By Period
T-Rex 2X Long Microsoft Daily Target ETF (MSFX) has returned -47.64% so far this year and -50.92% over the past 12 months.
T-Rex 2X Long Microsoft Daily Target ETF
- 1D
- -6.41%
- 1M
- -24.51%
- YTD
- -47.64%
- 6M
- -49.12%
- 1Y
- -50.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MSFX Monthly Returns History
Based on dividend-adjusted daily data since Jan 11, 2024, MSFX's average daily return is -0.04%, while the average monthly return is -0.65%.
Historically, 47% of months were positive and 53% were negative. The best month was May 2025 with a return of +34.4%, while the worst month was Jun 2026 at -34.1%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 6 months.
On a daily basis, MSFX closed higher 50% of trading days. The best single day was Apr 9, 2025 with a return of +19.7%, while the worst single day was Jan 29, 2026 at -19.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -23.11% | -17.59% | -12.12% | 19.17% | 19.67% | -34.07% | -47.64% | ||||||
| 2025 | -4.73% | -9.29% | -12.32% | 7.75% | 34.44% | 16.06% | 13.42% | -10.83% | 3.49% | -1.09% | -10.47% | -6.98% | 9.84% |
| 2024 | 5.50% | 7.00% | 1.81% | -15.56% | 12.52% | 15.91% | -14.84% | -1.31% | 4.73% | -12.14% | 7.63% | -2.20% | 3.03% |
Benchmark Metrics
T-Rex 2X Long Microsoft Daily Target ETF has an annualized alpha of -37.90%, beta of 1.96, and R2 of 0.38 versus S&P 500 Index. Calculated based on daily prices since January 11, 2024.
- This ETF participated in 320.32% of S&P 500 Index downside but only 115.12% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.38 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -37.90%
- Beta
- 1.96
- R²
- 0.38
- Upside Capture
- 115.12%
- Downside Capture
- 320.32%
Expense Ratio
MSFX has a high expense ratio of 1.05%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MSFX ranks 1 for risk / return — in the bottom 1% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for T-Rex 2X Long Microsoft Daily Target ETF (MSFX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MSFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.01 | ||
| Sortino ratioReturn per unit of downside risk | -4.16 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.37 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 2.78 | -3.62 |
| Martin ratioReturn relative to average drawdown | -1.50 | 12.44 | -13.94 |
Dividends
Dividend History
T-Rex 2X Long Microsoft Daily Target ETF provided a 10.20% dividend yield over the last twelve months, with an annual payout of $1.46 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $1.46 | $1.46 |
Dividend yield | 10.20% | 5.34% |
Monthly Dividends
The table displays the monthly dividend distributions for T-Rex 2X Long Microsoft Daily Target ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $1.46 | $1.46 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the T-Rex 2X Long Microsoft Daily Target ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the T-Rex 2X Long Microsoft Daily Target ETF was 60.86%, occurring on Mar 27, 2026. The portfolio has not yet recovered.
The current T-Rex 2X Long Microsoft Daily Target ETF drawdown is 60.36%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -60.86%Mar 2026 | 7mo 24d | — | 10mo 22dAug 2025 - now |
2025 selloff2025 | -48.80%Apr 2025 | 9mo 4d | 3mo 10d | 1y 9dJul 2024 - Jul 2025 |
2024 correction2024 | -19.42%Apr 2024 | 1mo 9d | 1mo 13d | 2mo 22dMar 2024 - Jun 2024 |
2024 pullback2024 | -9.44%Mar 2024 | 23d | 8d | 1mo 1dFeb 2024 - Mar 2024 |
2024 pullback2024 | -5.82%Jan 2024 | 1d | 2d | 3dJan 2024 - Feb 2024 |
Drawdown Indicators
| MSFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.86% | -56.78% | -4.08% |
Max Drawdown (1Y)Largest decline over 1 year | -60.86% | -9.10% | -51.76% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -60.36% | -1.80% | -58.56% |
Average DrawdownAverage peak-to-trough decline | -21.84% | -10.71% | -11.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.88% | 2.03% | +31.85% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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