MSFX vs. CRCD

Last updated Jun 4, 2026

MSFX (T-Rex 2X Long Microsoft Daily Target ETF) and CRCD (T-REX 2X Inverse CRCL Daily Target ETF) are both exchange-traded funds - MSFX is a Leveraged Equities fund actively managed by T-Rex, while CRCD is a Inverse Equities fund actively managed by T-Rex. Both are actively managed. At a correlation of -0.33, they often move in opposite directions. MSFX charges 1.05%/yr vs 1.50%/yr for CRCD.

Performance

MSFX vs. CRCD - 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 Inverse CRCL Daily Target ETF (CRCD). 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 higher than CRCD's -88.01% return.

MSFX

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

CRCD

• 1D: 20.12%
• 1M: 35.97%
• YTD: -88.01%
• 6M: -87.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSFX vs. CRCD - Yearly Performance Comparison

	2026 (YTD)	2025
MSFX T-Rex 2X Long Microsoft Daily Target ETF	-28.34%	-15.65%
CRCD T-REX 2X Inverse CRCL Daily Target ETF	-88.01%	43.19%

Correlation

The correlation between MSFX and CRCD is -0.33, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 29, 2025	-0.33

Return for Risk

MSFX vs. CRCD — 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.

MSFX vs. CRCD - 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 Inverse CRCL Daily Target ETF (CRCD). 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	CRCD	Difference
Sharpe ratio: Return per unit of total volatility	-0.58	—	—
Sortino ratio: Return per unit of downside risk	-0.56	—	—
Omega ratio: Gain probability vs. loss probability	0.93	—	—
Calmar ratio: Return relative to maximum drawdown	-0.48	—	—
Martin ratio: Return relative to average drawdown	-0.92	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MSFX	CRCD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.17	-0.45	+0.29

Drawdowns

MSFX vs. CRCD - Drawdown Comparison

The maximum MSFX drawdown since its inception was -60.86%, smaller than the maximum CRCD drawdown of -96.95%. Use the drawdown chart below to compare losses from any high point for MSFX and CRCD.

Drawdown Indicators

	MSFX	CRCD	Difference
Max Drawdown Largest peak-to-trough decline	-60.86%	-96.95%	+36.09%
Max Drawdown (1Y) Largest decline over 1 year	-60.86%	—	—
Current Drawdown Current decline from peak	-45.75%	-94.31%	+48.56%
Average Drawdown Average peak-to-trough decline	-21.24%	-54.51%	+33.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.80%	—	—

Volatility

Volatility by Period

	MSFX	CRCD	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	50.40%	204.54%	-154.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.33%	204.54%	-155.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.33%	204.54%	-155.21%

MSFX vs. CRCD - Expense Ratio Comparison

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

Dividends

MSFX vs. CRCD - Dividend Comparison

MSFX's dividend yield for the trailing twelve months is around 7.45%, while CRCD has not paid dividends to shareholders.

Position	TTM	2025
CRCD T-REX 2X Inverse CRCL Daily Target ETF	0.00%	0.00%
MSFX T-Rex 2X Long Microsoft Daily Target ETF	7.45%	5.34%

Frequently Asked Questions

Can I hold both MSFX and CRCD in my portfolio?

MSFX and CRCD have a correlation of -0.33, 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 CRCD?

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 CRCD?

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

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

MSFX has the higher dividend yield at 7.45%, compared with 0.00% for CRCD.

What is the main difference between MSFX and CRCD?

MSFX is categorized as Leveraged Equities, while CRCD is Inverse Equities. Their fees differ too: 1.05% for MSFX and 1.50% for CRCD.