MSFX vs. ASMG

Last updated Jun 4, 2026

MSFX (T-Rex 2X Long Microsoft Daily Target ETF) and ASMG (Leverage Shares 2X Long ASML Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, MSFX returned -29.20% vs 308.54% for ASMG. At a 0.22 correlation, their price movements are largely independent. MSFX charges 1.05%/yr vs 0.75%/yr for ASMG.

Performance

MSFX vs. ASMG - Performance Comparison

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

Returns By Period

In the year-to-date period, MSFX achieves a -28.34% return, which is significantly lower than ASMG's 127.56% return.

MSFX

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

ASMG

• 1D: 2.43%
• 1M: 49.91%
• YTD: 127.56%
• 6M: 96.41%
• 1Y: 308.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSFX vs. ASMG - Yearly Performance Comparison

	2026 (YTD)	2025
MSFX T-Rex 2X Long Microsoft Daily Target ETF	-28.34%	14.11%
ASMG Leverage Shares 2X Long ASML Daily ETF	127.56%	63.67%

Correlation

The correlation between MSFX and ASMG is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (All Time) Calculated using the full available price history since Jan 15, 2025	0.22

The correlation between MSFX and ASMG shifts across timeframes, from 0.10 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MSFX vs. ASMG — 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

ASMG

ASMG Risk / Return Rank: 86
ASMG Sharpe Ratio Rank: 95
ASMG Sortino Ratio Rank: 77
ASMG Omega Ratio Rank: 71
ASMG Calmar Ratio Rank: 96
ASMG Martin Ratio Rank: 92

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.

MSFX vs. ASMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long Microsoft Daily Target ETF (MSFX) and Leverage Shares 2X Long ASML Daily ETF (ASMG). 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.

	MSFX	ASMG	Difference
Sharpe ratio: Return per unit of total volatility	-0.58	3.83	-4.41
Sortino ratio: Return per unit of downside risk	-0.56	3.45	-4.02
Omega ratio: Gain probability vs. loss probability	0.93	1.42	-0.50
Calmar ratio: Return relative to maximum drawdown	-0.48	8.99	-9.47
Martin ratio: Return relative to average drawdown	-0.92	22.40	-23.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSFX vs. ASMG - Sharpe Ratio Comparison

The current MSFX Sharpe Ratio is -0.58, which is lower than the ASMG Sharpe Ratio of 3.83. The chart below compares the historical Sharpe Ratios of MSFX and ASMG, 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

	MSFX	ASMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.58	3.83	-4.41
Sharpe Ratio (All Time) Calculated using the full available price history	-0.17	1.89	-2.06

Drawdowns

MSFX vs. ASMG - Drawdown Comparison

The maximum MSFX drawdown since its inception was -60.86%, which is greater than ASMG's maximum drawdown of -43.95%. Use the drawdown chart below to compare losses from any high point for MSFX and ASMG.

Drawdown Indicators

	MSFX	ASMG	Difference
Max Drawdown Largest peak-to-trough decline	-60.86%	-43.95%	-16.91%
Max Drawdown (1Y) Largest decline over 1 year	-60.86%	-34.56%	-26.30%
Current Drawdown Current decline from peak	-45.75%	0.00%	-45.75%
Average Drawdown Average peak-to-trough decline	-21.24%	-13.28%	-7.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.80%	13.85%	+17.95%

Volatility

MSFX vs. ASMG - Volatility Comparison

The current volatility for T-Rex 2X Long Microsoft Daily Target ETF (MSFX) is 19.56%, while Leverage Shares 2X Long ASML Daily ETF (ASMG) has a volatility of 29.17%. This indicates that MSFX experiences smaller price fluctuations and is considered to be less risky than ASMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSFX	ASMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.56%	29.17%	-9.61%
Volatility (6M) Calculated over the trailing 6-month period	45.26%	64.23%	-18.97%
Volatility (1Y) Calculated over the trailing 1-year period	50.40%	81.15%	-30.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.33%	84.49%	-35.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.33%	84.49%	-35.16%

MSFX vs. ASMG - Expense Ratio Comparison

MSFX has a 1.05% expense ratio, which is higher than ASMG's 0.75% expense ratio.

Dividends

MSFX vs. ASMG - Dividend Comparison

MSFX's dividend yield for the trailing twelve months is around 7.45%, more than ASMG's 4.92% yield.

Position	TTM	2025
ASMG Leverage Shares 2X Long ASML Daily ETF	4.92%	11.20%
MSFX T-Rex 2X Long Microsoft Daily Target ETF	7.45%	5.34%

Frequently Asked Questions

Can I hold both MSFX and ASMG in my portfolio?

MSFX and ASMG have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSFX or ASMG?

ASMG has higher volatility (29.17%) compared to MSFX (19.56%). In terms of maximum drawdown, MSFX dropped -60.86% vs ASMG's -43.95%.

Which ETF is better, MSFX or ASMG?

On 1-year performance, ASMG leads with 308.54% vs -29.20% for MSFX. On fees, ASMG is cheaper at 0.75% per year. On volatility, MSFX has been the lower-risk option at 19.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSFX or ASMG?

Over the 1-year period, ASMG has performed better with a 308.54% return vs -29.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSFX or ASMG?

ASMG is cheaper with a 0.75% expense ratio, compared with 1.05% for MSFX.

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

MSFX has the higher dividend yield at 7.45%, compared with 4.92% for ASMG.

What is the main difference between MSFX and ASMG?

They also come from different issuers: T-Rex and Leverage Shares. Their fees differ too: 1.05% for MSFX and 0.75% for ASMG.

Which has better risk-adjusted returns?

ASMG currently has the higher Sharpe Ratio (3.83 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.