FGRU vs. MSFX

Last updated Jun 4, 2026

FGRU (T-REX 2X Long FIGR Daily Target ETF) and MSFX (T-Rex 2X Long Microsoft Daily Target ETF) are both Leveraged Equities funds from T-Rex. FGRU is passively managed, while MSFX is actively managed. At a 0.28 correlation, their price movements are largely independent. FGRU charges 1.50%/yr vs 1.05%/yr for MSFX.

Performance

FGRU vs. MSFX - Performance Comparison

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

Returns By Period

FGRU

• 1D: -6.91%
• 1M: -29.87%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSFX

• 1D: -6.67%
• 1M: 5.21%
• YTD: -28.34%
• 6M: -29.12%
• 1Y: -29.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FGRU vs. MSFX - Yearly Performance Comparison

	2026 (YTD)
FGRU T-REX 2X Long FIGR Daily Target ETF	-50.02%
MSFX T-Rex 2X Long Microsoft Daily Target ETF	8.95%

Correlation

The correlation between FGRU and MSFX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 19, 2026	0.28

Return for Risk

FGRU 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: 4
MSFX Sharpe Ratio Rank: 4
MSFX Sortino Ratio Rank: 4
MSFX Omega Ratio Rank: 4
MSFX Calmar Ratio Rank: 5
MSFX Martin Ratio Rank: 4

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.

FGRU vs. MSFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long FIGR Daily Target ETF (FGRU) 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

	FGRU	MSFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.44	-0.17	-0.27

Drawdowns

FGRU vs. MSFX - Drawdown Comparison

The maximum FGRU drawdown since its inception was -57.59%, smaller than the maximum MSFX drawdown of -60.86%. Use the drawdown chart below to compare losses from any high point for FGRU and MSFX.

Drawdown Indicators

	FGRU	MSFX	Difference
Max Drawdown Largest peak-to-trough decline	-57.59%	-60.86%	+3.27%
Max Drawdown (1Y) Largest decline over 1 year	—	-60.86%	—
Current Drawdown Current decline from peak	-51.37%	-45.75%	-5.62%
Average Drawdown Average peak-to-trough decline	-30.60%	-21.24%	-9.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	31.80%	—

Volatility

Volatility by Period

	FGRU	MSFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	19.56%	—
Volatility (6M) Calculated over the trailing 6-month period	—	45.26%	—
Volatility (1Y) Calculated over the trailing 1-year period	209.78%	50.40%	+159.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	209.78%	49.33%	+160.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	209.78%	49.33%	+160.45%

FGRU vs. MSFX - Expense Ratio Comparison

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

Dividends

FGRU vs. MSFX - Dividend Comparison

FGRU has not paid dividends to shareholders, while MSFX's dividend yield for the trailing twelve months is around 7.45%.

Position	TTM	2025
FGRU T-REX 2X Long FIGR Daily Target ETF	0.00%	0.00%
MSFX T-Rex 2X Long Microsoft Daily Target ETF	7.45%	5.34%

Frequently Asked Questions

Can I hold both FGRU and MSFX in my portfolio?

FGRU and MSFX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FGRU or MSFX?

On fees, MSFX is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FGRU or MSFX?

MSFX is cheaper with a 1.05% expense ratio, compared with 1.50% for FGRU.

Which ETF pays a higher dividend yield, FGRU or MSFX?

MSFX has the higher dividend yield at 7.45%, compared with 0.00% for FGRU.

What is the main difference between FGRU and MSFX?

Their fees differ too: 1.50% for FGRU and 1.05% for MSFX.