MSFX vs. HDV
MSFX (T-Rex 2X Long Microsoft Daily Target ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - MSFX is a Leveraged Equities fund actively managed by T-Rex, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. MSFX is actively managed, while HDV is passively managed. Over the past year, MSFX returned -50.92% vs 19.54% for HDV. At a correlation of -0.04, they often move in opposite directions. MSFX charges 1.05%/yr vs 0.08%/yr for HDV.
Performance
MSFX vs. HDV - Performance Comparison
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Returns By Period
In the year-to-date period, MSFX achieves a -47.64% return, which is significantly lower than HDV's 12.57% return.
MSFX
- 1D
- -6.41%
- 1M
- -24.51%
- YTD
- -47.64%
- 6M
- -49.12%
- 1Y
- -50.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDV
- 1D
- 0.15%
- 1M
- -2.65%
- YTD
- 12.57%
- 6M
- 12.67%
- 1Y
- 19.54%
- 3Y*
- 14.97%
- 5Y*
- 10.90%
- 10Y*
- 9.31%
MSFX vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MSFX T-Rex 2X Long Microsoft Daily Target ETF | -47.64% | 9.84% | 3.03% |
HDV iShares Core High Dividend ETF | 12.57% | 11.90% | 12.97% |
Correlation
The correlation between MSFX and HDV is -0.18, 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 | -0.18 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | -0.04 |
The correlation between MSFX and HDV shifts across timeframes, from -0.18 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MSFX vs. HDV — Risk / Return Rank
MSFX
HDV
MSFX vs. HDV - 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 iShares Core High Dividend ETF (HDV). 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 | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.97 | ||
| Sortino ratioReturn per unit of downside risk | -4.33 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.34 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 3.79 | -4.63 |
| Martin ratioReturn relative to average drawdown | -1.50 | 10.39 | -11.90 |
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Drawdowns
MSFX vs. HDV - Drawdown Comparison
The maximum MSFX drawdown since its inception was -60.86%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for MSFX and HDV.
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Drawdown Indicators
| MSFX | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.86% | -37.04% | -23.82% |
Max Drawdown (1Y)Largest decline over 1 year | -60.86% | -5.18% | -55.68% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.49% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.04% | — |
Current DrawdownCurrent decline from peak | -60.36% | -2.65% | -57.71% |
Average DrawdownAverage peak-to-trough decline | -21.84% | -3.08% | -18.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.88% | 1.89% | +31.99% |
Volatility
MSFX vs. HDV - Volatility Comparison
T-Rex 2X Long Microsoft Daily Target ETF (MSFX) has a higher volatility of 22.23% compared to iShares Core High Dividend ETF (HDV) at 3.37%. This indicates that MSFX's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSFX | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.23% | 3.37% | +18.86% |
Volatility (6M)Calculated over the trailing 6-month period | 46.52% | 7.52% | +39.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.28% | 9.87% | +42.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.69% | 12.80% | +36.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.69% | 15.74% | +33.95% |
MSFX vs. HDV - Expense Ratio Comparison
MSFX has a 1.05% expense ratio, which is higher than HDV's 0.08% expense ratio.
Dividends
MSFX vs. HDV - Dividend Comparison
MSFX's dividend yield for the trailing twelve months is around 10.20%, more than HDV's 2.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 2.94% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
MSFX T-Rex 2X Long Microsoft Daily Target ETF | 10.20% | 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
MSFX and HDV have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFX has higher volatility (22.23%) compared to HDV (3.37%). In terms of maximum drawdown, MSFX dropped -60.86% vs HDV's -37.04%.
On 1-year performance, HDV leads with 19.54% vs -50.92% for MSFX. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 3.37%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HDV has performed better with a 19.54% return vs -50.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HDV is cheaper with a 0.08% expense ratio, compared with 1.05% for MSFX.
MSFX has the higher dividend yield at 10.20%, compared with 2.94% for HDV.
MSFX is categorized as Leveraged Equities, while HDV is Dividend. They also come from different issuers: T-Rex and iShares. Their fees differ too: 1.05% for MSFX and 0.08% for HDV.
HDV currently has the higher Sharpe Ratio (1.99 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.
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