MSFW vs. MSFX

Last updated Jun 4, 2026

MSFW (Roundhill MSFT WeeklyPay™ ETF) and MSFX (T-Rex 2X Long Microsoft Daily Target ETF) are both exchange-traded funds - MSFW is a Derivative Income fund actively managed by Roundhill, while MSFX is a Leveraged Equities fund actively managed by T-Rex. Both are actively managed. With a 0.99 correlation, they move nearly in lockstep. MSFW charges 0.99%/yr vs 1.05%/yr for MSFX.

Performance

MSFW vs. MSFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill MSFT WeeklyPay™ ETF (MSFW) 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, MSFW achieves a -14.73% return, which is significantly higher than MSFX's -28.34% return.

MSFW

• 1D: -3.61%
• 1M: 4.05%
• YTD: -14.73%
• 6M: -13.76%
• 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)

MSFW vs. MSFX - Yearly Performance Comparison

	2026 (YTD)	2025
MSFW Roundhill MSFT WeeklyPay™ ETF	-14.73%	-7.81%
MSFX T-Rex 2X Long Microsoft Daily Target ETF	-28.34%	-17.41%

Correlation

The correlation between MSFW and MSFX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.99

Return for Risk

MSFW 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.

MSFW vs. MSFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill MSFT WeeklyPay™ ETF (MSFW) 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

	MSFW	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	-0.76	-0.17	-0.59

Drawdowns

MSFW vs. MSFX - Drawdown Comparison

The maximum MSFW drawdown since its inception was -40.42%, smaller than the maximum MSFX drawdown of -60.86%. Use the drawdown chart below to compare losses from any high point for MSFW and MSFX.

Drawdown Indicators

	MSFW	MSFX	Difference
Max Drawdown Largest peak-to-trough decline	-40.42%	-60.86%	+20.44%
Max Drawdown (1Y) Largest decline over 1 year	—	-60.86%	—
Current Drawdown Current decline from peak	-26.27%	-45.75%	+19.48%
Average Drawdown Average peak-to-trough decline	-17.45%	-21.24%	+3.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	31.80%	—

Volatility

Volatility by Period

	MSFW	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	32.40%	50.40%	-18.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.40%	49.33%	-16.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.40%	49.33%	-16.93%

MSFW vs. MSFX - Expense Ratio Comparison

MSFW has a 0.99% expense ratio, which is lower than MSFX's 1.05% expense ratio.

Dividends

MSFW vs. MSFX - Dividend Comparison

MSFW's dividend yield for the trailing twelve months is around 39.31%, more than MSFX's 7.45% yield.

Position	TTM	2025
MSFW Roundhill MSFT WeeklyPay™ ETF	39.31%	20.25%
MSFX T-Rex 2X Long Microsoft Daily Target ETF	7.45%	5.34%

Frequently Asked Questions

Can I hold both MSFW and MSFX in my portfolio?

With a correlation of 0.99, MSFW and MSFX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, MSFW or MSFX?

On fees, MSFW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MSFW or MSFX?

MSFW is cheaper with a 0.99% expense ratio, compared with 1.05% for MSFX.

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

MSFW has the higher dividend yield at 39.31%, compared with 7.45% for MSFX.

What is the main difference between MSFW and MSFX?

MSFW is categorized as Derivative Income, while MSFX is Leveraged Equities. They also come from different issuers: Roundhill and T-Rex. Their fees differ too: 0.99% for MSFW and 1.05% for MSFX.