MSFX vs. DHS

Last updated Jun 24, 2026

MSFX (T-Rex 2X Long Microsoft Daily Target ETF) and DHS (WisdomTree US High Dividend Fund) are both exchange-traded funds - MSFX is a Leveraged Equities fund actively managed by T-Rex, while DHS is a Large Cap Value Equities fund tracking the WisdomTree U.S. High Dividend Index. MSFX is actively managed, while DHS is passively managed. Over the past year, MSFX returned -51.08% vs 22.41% for DHS. At a 0.04 correlation, their price movements are largely independent. MSFX charges 1.05%/yr vs 0.38%/yr for DHS.

Performance

MSFX vs. DHS - 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 WisdomTree US High Dividend Fund (DHS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSFX achieves a -45.81% return, which is significantly lower than DHS's 12.61% return.

MSFX

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

DHS

• 1D: 0.81%
• 1M: -0.18%
• YTD: 12.61%
• 6M: 12.50%
• 1Y: 22.41%
• 3Y*: 17.58%
• 5Y*: 11.73%
• 10Y*: 9.73%

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

MSFX vs. DHS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MSFX T-Rex 2X Long Microsoft Daily Target ETF	-45.81%	9.84%	3.03%
DHS WisdomTree US High Dividend Fund	12.61%	12.87%	17.96%

Correlation

The correlation between MSFX and DHS is -0.10, 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 (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.04

The correlation between MSFX and DHS shifts across timeframes, from -0.10 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MSFX vs. DHS — 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

DHS

DHS Risk / Return Rank: 72
DHS Sharpe Ratio Rank: 72
DHS Sortino Ratio Rank: 78
DHS Omega Ratio Rank: 66
DHS Calmar Ratio Rank: 73
DHS Martin Ratio Rank: 72

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. DHS - 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 WisdomTree US High Dividend Fund (DHS). 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	DHS	Difference
Sharpe ratio: Return per unit of total volatility	-0.98	2.21	-3.19
Sortino ratio: Return per unit of downside risk	-1.42	3.27	-4.69
Omega ratio: Gain probability vs. loss probability	0.82	1.38	-0.56
Calmar ratio: Return relative to maximum drawdown	-0.84	3.57	-4.41
Martin ratio: Return relative to average drawdown	-1.50	12.96	-14.46

MSFX vs. DHS - Sharpe Ratio Comparison

The current MSFX Sharpe Ratio is -0.98, which is lower than the DHS Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of MSFX and DHS, 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

MSFX vs. DHS - Drawdown Comparison

The maximum MSFX drawdown since its inception was -60.86%, smaller than the maximum DHS drawdown of -67.25%. Use the drawdown chart below to compare losses from any high point for MSFX and DHS.

Drawdown Indicators

	MSFX	DHS	Difference
Max Drawdown Largest peak-to-trough decline	-60.86%	-67.25%	+6.39%
Max Drawdown (1Y) Largest decline over 1 year	-60.86%	-6.30%	-54.56%
Max Drawdown (3Y) Largest decline over 3 years	—	-11.87%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.28%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.35%	—
Current Drawdown Current decline from peak	-58.98%	-1.19%	-57.79%
Average Drawdown Average peak-to-trough decline	-21.90%	-9.53%	-12.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.08%	1.73%	+32.35%

Volatility

MSFX vs. DHS - Volatility Comparison

T-Rex 2X Long Microsoft Daily Target ETF (MSFX) has a higher volatility of 22.72% compared to WisdomTree US High Dividend Fund (DHS) at 3.61%. This indicates that MSFX's price experiences larger fluctuations and is considered to be riskier than DHS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSFX	DHS	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.72%	3.61%	+19.11%
Volatility (6M) Calculated over the trailing 6-month period	46.56%	7.53%	+39.03%
Volatility (1Y) Calculated over the trailing 1-year period	52.30%	10.20%	+42.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.70%	13.88%	+35.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.70%	16.08%	+33.62%

MSFX vs. DHS - Expense Ratio Comparison

MSFX has a 1.05% expense ratio, which is higher than DHS's 0.38% expense ratio.

Dividends

MSFX vs. DHS - Dividend Comparison

MSFX's dividend yield for the trailing twelve months is around 9.86%, more than DHS's 3.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DHS WisdomTree US High Dividend Fund	3.27%	3.32%	3.66%	4.31%	3.42%	3.29%	4.14%	3.69%	3.76%	3.00%	3.25%	3.53%
MSFX T-Rex 2X Long Microsoft Daily Target ETF	9.86%	5.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MSFX and DHS in my portfolio?

MSFX and DHS 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 DHS?

MSFX has higher volatility (22.72%) compared to DHS (3.61%). In terms of maximum drawdown, MSFX dropped -60.86% vs DHS's -67.25%.

Which ETF is better, MSFX or DHS?

On 1-year performance, DHS leads with 22.41% vs -51.08% for MSFX. On fees, DHS is cheaper at 0.38% per year. On volatility, DHS has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSFX or DHS?

Over the 1-year period, DHS has performed better with a 22.41% return vs -51.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSFX or DHS?

DHS is cheaper with a 0.38% expense ratio, compared with 1.05% for MSFX.

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

MSFX has the higher dividend yield at 9.86%, compared with 3.27% for DHS.

What is the main difference between MSFX and DHS?

MSFX is categorized as Leveraged Equities, while DHS is Large Cap Value Equities. They also come from different issuers: T-Rex and WisdomTree. Their fees differ too: 1.05% for MSFX and 0.38% for DHS.

Which has better risk-adjusted returns?

DHS currently has the higher Sharpe Ratio (2.21 vs -0.98), 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.