CRCD vs. MSFX

Last updated Apr 1, 2026

Compare and contrast key facts about T-REX 2X Inverse CRCL Daily Target ETF (CRCD) and T-Rex 2X Long Microsoft Daily Target ETF (MSFX).

CRCD and MSFX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CRCD is an actively managed fund by T-Rex. It was launched on Sep 25, 2025. MSFX is an actively managed fund by T-Rex. It was launched on Jan 10, 2024.

Performance

CRCD vs. MSFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Inverse CRCL Daily Target ETF (CRCD) and T-Rex 2X Long Microsoft Daily Target ETF (MSFX). The values are adjusted to include any dividend payments, if applicable.

CRCD vs. MSFX - Yearly Performance Comparison

	2026 (YTD)	2025
CRCD T-REX 2X Inverse CRCL Daily Target ETF	-80.36%	43.19%
MSFX T-Rex 2X Long Microsoft Daily Target ETF	-44.61%	-15.65%

Returns By Period

In the year-to-date period, CRCD achieves a -80.36% return, which is significantly lower than MSFX's -44.61% return.

CRCD

• 1D: -13.13%
• 1M: -45.34%
• YTD: -80.36%
• 6M: -69.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSFX

• 1D: -0.53%
• 1M: -15.17%
• YTD: -44.61%
• 6M: -54.72%
• 1Y: -22.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CRCD vs. MSFX - Expense Ratio Comparison

CRCD has a 1.50% expense ratio, which is higher than MSFX's 1.05% expense ratio.

CRCD

T-REX 2X Inverse CRCL Daily Target ETF

MSFX

T-Rex 2X Long Microsoft Daily Target ETF

Return for Risk

CRCD vs. MSFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MSFX

MSFX Risk / Return Rank: 6
MSFX Sharpe Ratio Rank: 5
MSFX Sortino Ratio Rank: 6
MSFX Omega Ratio Rank: 6
MSFX Calmar Ratio Rank: 7
MSFX Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CRCD vs. MSFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Inverse CRCL Daily Target ETF (CRCD) and T-Rex 2X Long Microsoft Daily Target ETF (MSFX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CRCD	MSFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.45	-0.39	-0.06

Correlation

The correlation between CRCD and MSFX is -0.36. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

CRCD vs. MSFX - Dividend Comparison

CRCD has not paid dividends to shareholders, while MSFX's dividend yield for the trailing twelve months is around 9.64%.

	TTM	2025
CRCD T-REX 2X Inverse CRCL Daily Target ETF	0.00%	0.00%
MSFX T-Rex 2X Long Microsoft Daily Target ETF	9.64%	5.34%

Drawdowns

CRCD vs. MSFX - Drawdown Comparison

The maximum CRCD drawdown since its inception was -94.38%, which is greater than MSFX's maximum drawdown of -60.86%. Use the drawdown chart below to compare losses from any high point for CRCD and MSFX.

Drawdown Indicators

	CRCD	MSFX	Difference
Max Drawdown Largest peak-to-trough decline	-94.38%	-60.86%	-33.52%
Max Drawdown (1Y) Largest decline over 1 year	—	-60.86%	—
Current Drawdown Current decline from peak	-90.68%	-58.07%	-32.61%
Average Drawdown Average peak-to-trough decline	-40.91%	-19.14%	-21.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	24.76%	—

Volatility

Volatility by Period

	CRCD	MSFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.74%	—
Volatility (6M) Calculated over the trailing 6-month period	—	39.22%	—
Volatility (1Y) Calculated over the trailing 1-year period	203.98%	53.12%	+150.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	203.98%	47.75%	+156.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	203.98%	47.75%	+156.23%