MSFX vs. INTW

Last updated Jun 23, 2026

MSFX (T-Rex 2X Long Microsoft Daily Target ETF) and INTW (GraniteShares 2x Long INTC Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, MSFX returned -50.92% vs 2279.34% for INTW. At a 0.12 correlation, their price movements are largely independent. MSFX charges 1.05%/yr vs 1.50%/yr for INTW.

Performance

MSFX vs. INTW - 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 GraniteShares 2x Long INTC Daily ETF (INTW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSFX achieves a -47.64% return, which is significantly lower than INTW's 871.59% return.

MSFX

• 1D: -6.41%
• 1M: -24.51%
• YTD: -47.64%
• 6M: -49.12%
• 1Y: -50.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

INTW

• 1D: 10.59%
• 1M: 28.23%
• YTD: 871.59%
• 6M: 897.00%
• 1Y: 2,279.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSFX vs. INTW - Yearly Performance Comparison

	2026 (YTD)	2025
MSFX T-Rex 2X Long Microsoft Daily Target ETF	-47.64%	19.31%
INTW GraniteShares 2x Long INTC Daily ETF	871.59%	60.89%

Correlation

The correlation between MSFX and INTW is 0.04, 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 (1Y) Calculated over the trailing 1-year period	0.04
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	0.12

Return for Risk

MSFX vs. INTW — 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

INTW

INTW Risk / Return Rank: 98
INTW Sharpe Ratio Rank: 100
INTW Sortino Ratio Rank: 96
INTW Omega Ratio Rank: 95
INTW Calmar Ratio Rank: 99
INTW Martin Ratio Rank: 99

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. INTW - 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 GraniteShares 2x Long INTC Daily ETF (INTW). 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	INTW	Difference
Sharpe ratio: Return per unit of total volatility	-0.98	15.45	-16.43
Sortino ratio: Return per unit of downside risk	-1.41	5.37	-6.77
Omega ratio: Gain probability vs. loss probability	0.82	1.68	-0.86
Calmar ratio: Return relative to maximum drawdown	-0.84	46.81	-47.65
Martin ratio: Return relative to average drawdown	-1.50	106.28	-107.78

MSFX vs. INTW - Sharpe Ratio Comparison

The current MSFX Sharpe Ratio is -0.98, which is lower than the INTW Sharpe Ratio of 15.45. The chart below compares the historical Sharpe Ratios of MSFX and INTW, 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. INTW - Drawdown Comparison

The maximum MSFX drawdown since its inception was -60.86%, roughly equal to the maximum INTW drawdown of -60.58%. Use the drawdown chart below to compare losses from any high point for MSFX and INTW.

Drawdown Indicators

	MSFX	INTW	Difference
Max Drawdown Largest peak-to-trough decline	-60.86%	-60.58%	-0.28%
Max Drawdown (1Y) Largest decline over 1 year	-60.86%	-49.34%	-11.52%
Current Drawdown Current decline from peak	-60.36%	0.00%	-60.36%
Average Drawdown Average peak-to-trough decline	-21.84%	-29.71%	+7.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.88%	21.69%	+12.19%

Volatility

MSFX vs. INTW - Volatility Comparison

The current volatility for T-Rex 2X Long Microsoft Daily Target ETF (MSFX) is 22.23%, while GraniteShares 2x Long INTC Daily ETF (INTW) has a volatility of 53.88%. This indicates that MSFX experiences smaller price fluctuations and is considered to be less risky than INTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSFX	INTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.23%	53.88%	-31.65%
Volatility (6M) Calculated over the trailing 6-month period	46.52%	118.13%	-71.61%
Volatility (1Y) Calculated over the trailing 1-year period	52.28%	149.77%	-97.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.69%	148.63%	-98.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.69%	148.63%	-98.94%

MSFX vs. INTW - Expense Ratio Comparison

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

Dividends

MSFX vs. INTW - Dividend Comparison

MSFX's dividend yield for the trailing twelve months is around 10.20%, while INTW has not paid dividends to shareholders.

Position	TTM	2025
INTW GraniteShares 2x Long INTC Daily ETF	0.00%	0.00%
MSFX T-Rex 2X Long Microsoft Daily Target ETF	10.20%	5.34%

Frequently Asked Questions

Can I hold both MSFX and INTW in my portfolio?

MSFX and INTW have a correlation of 0.04, 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 INTW?

INTW has higher volatility (53.88%) compared to MSFX (22.23%). In terms of maximum drawdown, MSFX dropped -60.86% vs INTW's -60.58%.

Which ETF is better, MSFX or INTW?

On 1-year performance, INTW leads with 2279.34% vs -50.92% for MSFX. On fees, MSFX is cheaper at 1.05% per year. On volatility, MSFX has been the lower-risk option at 22.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSFX or INTW?

Over the 1-year period, INTW has performed better with a 2279.34% return vs -50.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSFX or INTW?

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

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

MSFX has the higher dividend yield at 10.20%, compared with 0.00% for INTW.

What is the main difference between MSFX and INTW?

They also come from different issuers: T-Rex and GraniteShares. Their fees differ too: 1.05% for MSFX and 1.50% for INTW.

Which has better risk-adjusted returns?

INTW currently has the higher Sharpe Ratio (15.45 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.