INTW vs. MSFX

Last updated Jul 12, 2026

INTW (GraniteShares 2x Long INTC Daily ETF) and MSFX (T-Rex 2X Long Microsoft Daily Target ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, INTW returned 1035.86% vs -51.76% for MSFX. At a 0.09 correlation, their price movements are largely independent. INTW charges 1.50%/yr vs 1.05%/yr for MSFX.

Performance

INTW vs. MSFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long INTC Daily ETF (INTW) 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, INTW achieves a 463.06% return, which is significantly higher than MSFX's -43.14% return.

INTW

• 1D: -5.00%
• 1M: -27.59%
• 6M: 277.56%
• YTD: 463.06%
• 1Y: 1,035.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSFX

• 1D: 0.58%
• 1M: -4.72%
• 6M: -41.78%
• YTD: -43.14%
• 1Y: -51.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

INTW vs. MSFX - Yearly Performance Comparison

	2026 (YTD)	2025
INTW GraniteShares 2x Long INTC Daily ETF	463.06%	60.89%
MSFX T-Rex 2X Long Microsoft Daily Target ETF	-43.14%	19.31%

Correlation

The correlation between INTW and MSFX is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	0.09

INTW vs. MSFX - Sectors Allocation Comparison

Sectors	INTW	MSFX
Technology	66.7%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

INTW vs. MSFX — Risk / Return Rank

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

INTW

INTW Risk / Return Rank: 97
INTW Sharpe Ratio Rank: 99
INTW Sortino Ratio Rank: 95
INTW Omega Ratio Rank: 93
INTW Calmar Ratio Rank: 99
INTW Martin Ratio Rank: 98

MSFX

MSFX Risk / Return Rank: 2
MSFX Sharpe Ratio Rank: 2
MSFX Sortino Ratio Rank: 2
MSFX Omega Ratio Rank: 2
MSFX Calmar Ratio Rank: 2
MSFX Martin Ratio Rank: 1

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.

INTW vs. MSFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long INTC Daily ETF (INTW) 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.

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.

	INTW	MSFX	Difference
Sharpe ratio: Return per unit of total volatility	6.62	-0.95	+7.57
Sortino ratio: Return per unit of downside risk	4.14	-1.38	+5.52
Omega ratio: Gain probability vs. loss probability	1.52	0.83	+0.69
Calmar ratio: Return relative to maximum drawdown	20.46	-0.81	+21.27
Martin ratio: Return relative to average drawdown	45.06	-1.41	+46.47

INTW vs. MSFX - Sharpe Ratio Comparison

The current INTW Sharpe Ratio is 6.62, which is higher than the MSFX Sharpe Ratio of -0.95. The chart below compares the historical Sharpe Ratios of INTW 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.

Drawdowns

INTW vs. MSFX - Drawdown Comparison

The maximum INTW drawdown since its inception was -60.58%, roughly equal to the maximum MSFX drawdown of -63.56%. Use the drawdown chart below to compare losses from any high point for INTW and MSFX.

Drawdown Indicators

	INTW	MSFX	Difference
Max Drawdown Largest peak-to-trough decline	-60.58%	-63.56%	+2.98%
Max Drawdown (1Y) Largest decline over 1 year	-49.34%	-63.56%	+14.22%
Current Drawdown Current decline from peak	-42.05%	-56.96%	+14.91%
Average Drawdown Average peak-to-trough decline	-29.50%	-22.60%	-6.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.54%	36.39%	-13.85%

Volatility

INTW vs. MSFX - Volatility Comparison

GraniteShares 2x Long INTC Daily ETF (INTW) has a higher volatility of 53.79% compared to T-Rex 2X Long Microsoft Daily Target ETF (MSFX) at 20.72%. This indicates that INTW's price experiences larger fluctuations and is considered to be riskier than MSFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INTW	MSFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	53.79%	20.72%	+33.07%
Volatility (6M) Calculated over the trailing 6-month period	123.69%	48.74%	+74.95%
Volatility (1Y) Calculated over the trailing 1-year period	152.57%	54.17%	+98.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	149.22%	50.22%	+99.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	149.22%	50.22%	+99.00%

INTW vs. MSFX - Expense Ratio Comparison

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

Dividends

INTW vs. MSFX - Dividend Comparison

INTW has not paid dividends to shareholders, while MSFX's dividend yield for the trailing twelve months is around 9.40%.

Position	TTM	2025
INTW GraniteShares 2x Long INTC Daily ETF	0.00%	0.00%
MSFX T-Rex 2X Long Microsoft Daily Target ETF	9.40%	5.34%

Frequently Asked Questions

Can I hold both INTW and MSFX in my portfolio?

INTW and MSFX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INTW or MSFX?

INTW has higher volatility (53.79%) compared to MSFX (20.72%). In terms of maximum drawdown, INTW dropped -60.58% vs MSFX's -63.56%.

Which ETF is better, INTW or MSFX?

On 1-year performance, INTW leads with 1035.86% vs -51.76% for MSFX. On fees, MSFX is cheaper at 1.05% per year. On volatility, MSFX has been the lower-risk option at 20.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, INTW or MSFX?

Over the 1-year period, INTW has performed better with a 1035.86% return vs -51.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, INTW or MSFX?

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

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

MSFX has the higher dividend yield at 9.40%, compared with 0.00% for INTW.

What is the main difference between INTW and MSFX?

They also come from different issuers: GraniteShares and T-Rex. Their fees differ too: 1.50% for INTW and 1.05% for MSFX.

Which has better risk-adjusted returns?

INTW currently has the higher Sharpe Ratio (6.62 vs -0.95), 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.