MSFX vs. CCUP

Last updated Jun 24, 2026

MSFX (T-Rex 2X Long Microsoft Daily Target ETF) and CCUP (T-REX 2X Long CRCL Daily Target ETF) are both Leveraged Equities funds from T-Rex. Both are actively managed. At a 0.31 correlation, their price movements are largely independent. MSFX charges 1.05%/yr vs 1.50%/yr for CCUP.

Performance

MSFX vs. CCUP - 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 T-REX 2X Long CRCL Daily Target ETF (CCUP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with MSFX having a -45.81% return and CCUP slightly lower at -47.00%.

MSFX

• 1D: 3.49%
• 1M: -21.88%
• YTD: -45.81%
• 6M: -46.59%
• 1Y: -51.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CCUP

• 1D: -10.16%
• 1M: -58.71%
• YTD: -47.00%
• 6M: -51.68%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSFX vs. CCUP - Yearly Performance Comparison

	2026 (YTD)	2025
MSFX T-Rex 2X Long Microsoft Daily Target ETF	-45.81%	-20.18%
CCUP T-REX 2X Long CRCL Daily Target ETF	-47.00%	-82.64%

Correlation

The correlation between MSFX and CCUP is 0.31, 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 Aug 11, 2025	0.31

Return for Risk

MSFX vs. CCUP — Risk / Return Rank

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

MSFX

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

CCUP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. CCUP - 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 T-REX 2X Long CRCL Daily Target ETF (CCUP). 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.

	MSFX	CCUP	Difference
Sharpe ratio: Return per unit of total volatility	-0.98	—	—
Sortino ratio: Return per unit of downside risk	-1.42	—	—
Omega ratio: Gain probability vs. loss probability	0.82	—	—
Calmar ratio: Return relative to maximum drawdown	-0.84	—	—
Martin ratio: Return relative to average drawdown	-1.50	—	—

Drawdowns

MSFX vs. CCUP - Drawdown Comparison

The maximum MSFX drawdown since its inception was -60.86%, smaller than the maximum CCUP drawdown of -93.74%. Use the drawdown chart below to compare losses from any high point for MSFX and CCUP.

Drawdown Indicators

	MSFX	CCUP	Difference
Max Drawdown Largest peak-to-trough decline	-60.86%	-93.74%	+32.88%
Max Drawdown (1Y) Largest decline over 1 year	-60.86%	—	—
Current Drawdown Current decline from peak	-58.98%	-91.27%	+32.29%
Average Drawdown Average peak-to-trough decline	-21.90%	-70.09%	+48.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.08%	—	—

Volatility

Volatility by Period

	MSFX	CCUP	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.72%	—	—
Volatility (6M) Calculated over the trailing 6-month period	46.56%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	52.30%	194.61%	-142.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.70%	194.61%	-144.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.70%	194.61%	-144.91%

MSFX vs. CCUP - Expense Ratio Comparison

MSFX has a 1.05% expense ratio, which is lower than CCUP's 1.50% expense ratio.

Dividends

MSFX vs. CCUP - Dividend Comparison

MSFX's dividend yield for the trailing twelve months is around 9.86%, while CCUP has not paid dividends to shareholders.

Position	TTM	2025
CCUP T-REX 2X Long CRCL Daily Target ETF	0.00%	0.00%
MSFX T-Rex 2X Long Microsoft Daily Target ETF	9.86%	5.34%

Frequently Asked Questions

Can I hold both MSFX and CCUP in my portfolio?

MSFX and CCUP have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSFX or CCUP?

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, MSFX or CCUP?

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

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

MSFX has the higher dividend yield at 9.86%, compared with 0.00% for CCUP.

What is the main difference between MSFX and CCUP?

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