MSFX vs. MSFT

Last updated Aug 2, 2026

MSFX (T-Rex 2X Long Microsoft Daily Target ETF) is Leveraged Equities fund actively managed by T-Rex, while MSFT (Microsoft Corporation) is a stock. Over the past year, MSFX returned -36.75% vs -10.62% for MSFT. Their 0.99 correlation means they have historically moved very closely together.

Performance

MSFX vs. MSFT - 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 Microsoft Corporation (MSFT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSFX achieves a -19.85% return, which is significantly lower than MSFT's -3.48% return.

MSFX

• 1D: 5.74%
• 1M: 37.34%
• 6M: 4.23%
• YTD: -19.85%
• 1Y: -36.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -3.75%

MSFT

• 1D: 3.02%
• 1M: 19.01%
• 6M: 8.48%
• YTD: -3.48%
• 1Y: -10.62%
• 3Y*: 12.25%
• 5Y*: 11.19%
• 10Y*: 24.97%
• ALL TIME*: 25.16%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MSFT Microsoft Corporation	$17.39B	$14.79B	$16.23B
MSFX T-Rex 2X Long Microsoft Daily Target ETF	$7.46M	$6.03M	$5.49M

MSFX vs. MSFT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MSFX T-Rex 2X Long Microsoft Daily Target ETF	-19.85%	9.84%	3.03%
MSFT Microsoft Corporation	-3.48%	15.58%	10.94%

Correlation

The correlation between MSFX and MSFT is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.99
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.99

The correlation between MSFX and MSFT has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

Return for Risk

MSFX vs. MSFT — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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: 4
MSFX Martin Ratio Rank: 4

MSFT

MSFT Risk / Return Rank: 28
MSFT Sharpe Ratio Rank: 27
MSFT Sortino Ratio Rank: 24
MSFT Omega Ratio Rank: 25
MSFT Calmar Ratio Rank: 32
MSFT Martin Ratio Rank: 33

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MSFX vs. MSFT - 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 Microsoft Corporation (MSFT). 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	MSFT	Difference
Sharpe ratio: Return per unit of total volatility	-0.62	-0.39	-0.24
Sortino ratio: Return per unit of downside risk	-0.72	-0.39	-0.33
Omega ratio: Gain probability vs. loss probability	0.91	0.95	-0.04
Calmar ratio: Return relative to maximum drawdown	-0.62	-0.35	-0.26
Martin ratio: Return relative to average drawdown	-1.01	-0.63	-0.38

MSFX vs. MSFT - Sharpe Ratio Comparison

The current MSFX Sharpe Ratio is -0.62, which is lower than the MSFT Sharpe Ratio of -0.39. The chart below compares the historical Sharpe Ratios of MSFX and MSFT, 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. MSFT - Drawdown Comparison

The maximum MSFX drawdown since its inception was -63.56%, smaller than the maximum MSFT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for MSFX and MSFT.

Drawdown Indicators

	MSFX	MSFT	Difference
Max Drawdown Largest peak-to-trough decline	-63.56%	-69.38%	+5.82%
Max Drawdown (1Y) Largest decline over 1 year	-63.56%	-34.50%	-29.06%
Max Drawdown (3Y) Largest decline over 3 years	—	-34.50%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.15%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.15%	—
Current Drawdown Current decline from peak	-39.33%	-13.73%	-25.60%
Average Drawdown Average peak-to-trough decline	-23.33%	-21.80%	-1.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	38.70%	19.35%	+19.35%

Volatility

MSFX vs. MSFT - Volatility Comparison

T-Rex 2X Long Microsoft Daily Target ETF (MSFX) has a higher volatility of 29.51% compared to Microsoft Corporation (MSFT) at 15.97%. This indicates that MSFX's price experiences larger fluctuations and is considered to be riskier than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSFX	MSFT	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.51%	15.97%	+13.54%
Volatility (6M) Calculated over the trailing 6-month period	51.35%	26.41%	+24.94%
Volatility (1Y) Calculated over the trailing 1-year period	63.33%	31.93%	+31.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.73%	28.00%	+25.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.73%	27.62%	+26.11%

Dividends

MSFX vs. MSFT - Dividend Comparison

MSFX's dividend yield for the trailing twelve months is around 6.66%, more than MSFT's 0.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MSFT Microsoft Corporation	0.77%	0.70%	0.73%	0.74%	1.06%	0.68%	0.94%	1.20%	1.69%	1.86%	2.37%	2.33%
MSFX T-Rex 2X Long Microsoft Daily Target ETF	6.66%	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 MSFT in my portfolio?

With a correlation of 0.99, MSFX and MSFT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, MSFX or MSFT?

MSFX has higher volatility (29.51%) compared to MSFT (15.97%). In terms of maximum drawdown, MSFX dropped -63.56% vs MSFT's -69.38%.

Which has better risk-adjusted returns?

MSFT currently has the higher Sharpe Ratio (-0.39 vs -0.62), 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.