GOOX vs. MSFX

Last updated Jun 5, 2026

GOOX (T-Rex 2X Long Alphabet Daily Target ETF) and MSFX (T-Rex 2X Long Microsoft Daily Target ETF) are both exchange-traded funds - GOOX is a Leveraged Bonds fund actively managed by T-Rex, while MSFX is a Leveraged Equities fund actively managed by T-Rex. Both are actively managed. Over the past year, GOOX returned 295.95% vs -29.06% for MSFX. At a 0.42 correlation, their price movements are largely independent. Both charge a 1.05% expense ratio.

Performance

GOOX vs. MSFX - Performance Comparison

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

Returns By Period

In the year-to-date period, GOOX achieves a 27.57% return, which is significantly higher than MSFX's -27.97% return.

GOOX

• 1D: 7.36%
• 1M: -9.11%
• YTD: 27.57%
• 6M: 22.03%
• 1Y: 295.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSFX

• 1D: 0.51%
• 1M: 7.01%
• YTD: -27.97%
• 6M: -29.61%
• 1Y: -29.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GOOX vs. MSFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GOOX T-Rex 2X Long Alphabet Daily Target ETF	27.57%	121.41%	46.80%
MSFX T-Rex 2X Long Microsoft Daily Target ETF	-27.97%	9.84%	3.81%

Correlation

The correlation between GOOX and MSFX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024	0.42

Over the past year, the correlation between GOOX and MSFX has dropped to 0.16 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.

Return for Risk

GOOX vs. MSFX — Risk / Return Rank

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

GOOX

GOOX Risk / Return Rank: 94
GOOX Sharpe Ratio Rank: 98
GOOX Sortino Ratio Rank: 95
GOOX Omega Ratio Rank: 92
GOOX Calmar Ratio Rank: 95
GOOX Martin Ratio Rank: 94

MSFX

MSFX Risk / Return Rank: 5
MSFX Sharpe Ratio Rank: 4
MSFX Sortino Ratio Rank: 5
MSFX Omega Ratio Rank: 4
MSFX Calmar Ratio Rank: 5
MSFX Martin Ratio Rank: 5

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.

GOOX vs. MSFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long Alphabet Daily Target ETF (GOOX) 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.

	GOOX	MSFX	Difference
Sharpe ratio: Return per unit of total volatility	5.17	-0.58	+5.74
Sortino ratio: Return per unit of downside risk	5.08	-0.56	+5.64
Omega ratio: Gain probability vs. loss probability	1.60	0.93	+0.68
Calmar ratio: Return relative to maximum drawdown	7.65	-0.48	+8.13
Martin ratio: Return relative to average drawdown	25.83	-0.91	+26.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GOOX vs. MSFX - Sharpe Ratio Comparison

The current GOOX Sharpe Ratio is 5.17, which is higher than the MSFX Sharpe Ratio of -0.58. The chart below compares the historical Sharpe Ratios of GOOX and MSFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GOOX	MSFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.17	-0.58	+5.74
Sharpe Ratio (All Time) Calculated using the full available price history	1.35	-0.16	+1.51

Drawdowns

GOOX vs. MSFX - Drawdown Comparison

The maximum GOOX drawdown since its inception was -52.46%, smaller than the maximum MSFX drawdown of -60.86%. Use the drawdown chart below to compare losses from any high point for GOOX and MSFX.

Drawdown Indicators

	GOOX	MSFX	Difference
Max Drawdown Largest peak-to-trough decline	-52.46%	-60.86%	+8.40%
Max Drawdown (1Y) Largest decline over 1 year	-38.98%	-60.86%	+21.88%
Current Drawdown Current decline from peak	-15.21%	-45.47%	+30.26%
Average Drawdown Average peak-to-trough decline	-17.04%	-21.28%	+4.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.52%	31.93%	-20.41%

Volatility

GOOX vs. MSFX - Volatility Comparison

The current volatility for T-Rex 2X Long Alphabet Daily Target ETF (GOOX) is 17.76%, while T-Rex 2X Long Microsoft Daily Target ETF (MSFX) has a volatility of 19.51%. This indicates that GOOX experiences smaller price fluctuations and is considered to be less risky than MSFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOOX	MSFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.76%	19.51%	-1.75%
Volatility (6M) Calculated over the trailing 6-month period	40.63%	45.24%	-4.61%
Volatility (1Y) Calculated over the trailing 1-year period	57.72%	50.39%	+7.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.49%	49.29%	+11.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.49%	49.29%	+11.20%

GOOX vs. MSFX - Expense Ratio Comparison

Both GOOX and MSFX have an expense ratio of 1.05%.

Dividends

GOOX vs. MSFX - Dividend Comparison

GOOX's dividend yield for the trailing twelve months is around 0.24%, less than MSFX's 7.42% yield.

Position	TTM	2025	2024
GOOX T-Rex 2X Long Alphabet Daily Target ETF	0.24%	0.30%	16.78%
MSFX T-Rex 2X Long Microsoft Daily Target ETF	7.42%	5.34%	0.00%

Frequently Asked Questions

Can I hold both GOOX and MSFX in my portfolio?

GOOX and MSFX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GOOX or MSFX?

MSFX has higher volatility (19.51%) compared to GOOX (17.76%). In terms of maximum drawdown, GOOX dropped -52.46% vs MSFX's -60.86%.

Which ETF is better, GOOX or MSFX?

On 1-year performance, GOOX leads with 295.95% vs -29.06% for MSFX. Both ETFs have the same 1.05% expense ratio. On volatility, GOOX has been the lower-risk option at 17.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GOOX or MSFX?

Over the 1-year period, GOOX has performed better with a 295.95% return vs -29.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GOOX or MSFX?

GOOX and MSFX have the same expense ratio: 1.05% per year.

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

MSFX has the higher dividend yield at 7.42%, compared with 0.24% for GOOX.

What is the main difference between GOOX and MSFX?

GOOX is categorized as Leveraged Bonds, while MSFX is Leveraged Equities.

Which has better risk-adjusted returns?

GOOX currently has the higher Sharpe Ratio (5.17 vs -0.58), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.