MSFX vs. GEVG

Last updated Jun 24, 2026

MSFX (T-Rex 2X Long Microsoft Daily Target ETF) and GEVG (Leverage Shares 2X Long GEV Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.02, they often move in opposite directions. MSFX charges 1.05%/yr vs 0.75%/yr for GEVG.

Performance

MSFX vs. GEVG - 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 GEV Daily ETF (GEVG). 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 GEVG's 112.16% return.

MSFX

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

GEVG

• 1D: -16.17%
• 1M: -5.00%
• YTD: 112.16%
• 6M: 107.42%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSFX vs. GEVG - Yearly Performance Comparison

	2026 (YTD)	2025
MSFX T-Rex 2X Long Microsoft Daily Target ETF	-45.81%	0.84%
GEVG Leverage Shares 2X Long GEV Daily ETF	112.16%	-11.27%

Correlation

The correlation between MSFX and GEVG is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025	-0.02

Return for Risk

MSFX vs. GEVG — 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

GEVG

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. GEVG - 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 GEV Daily ETF (GEVG). 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	GEVG	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. GEVG - Drawdown Comparison

The maximum MSFX drawdown since its inception was -60.86%, which is greater than GEVG's maximum drawdown of -45.50%. Use the drawdown chart below to compare losses from any high point for MSFX and GEVG.

Drawdown Indicators

	MSFX	GEVG	Difference
Max Drawdown Largest peak-to-trough decline	-60.86%	-45.50%	-15.36%
Max Drawdown (1Y) Largest decline over 1 year	-60.86%	—	—
Current Drawdown Current decline from peak	-58.98%	-24.03%	-34.95%
Average Drawdown Average peak-to-trough decline	-21.90%	-11.33%	-10.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.08%	—	—

Volatility

Volatility by Period

	MSFX	GEVG	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%	101.04%	-48.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.70%	101.04%	-51.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.70%	101.04%	-51.34%

MSFX vs. GEVG - Expense Ratio Comparison

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

Dividends

MSFX vs. GEVG - Dividend Comparison

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

Position	TTM	2025
GEVG Leverage Shares 2X Long GEV Daily 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 GEVG in my portfolio?

MSFX and GEVG have a correlation of -0.02, 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 GEVG?

On fees, GEVG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MSFX or GEVG?

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

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

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

What is the main difference between MSFX and GEVG?

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