MSFX vs. MSFW

Last updated Aug 2, 2026

MSFX (T-Rex 2X Long Microsoft Daily Target ETF) and MSFW (Roundhill MSFT WeeklyPay™ ETF) are both exchange-traded funds - MSFX is a Leveraged Equities fund actively managed by T-Rex, while MSFW is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, MSFX returned -36.75% vs -16.79% for MSFW. Their 0.99 correlation means they have historically moved very closely together. MSFX charges 1.05%/yr vs 0.99%/yr for MSFW.

Performance

MSFX vs. MSFW - 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 Roundhill MSFT WeeklyPay™ ETF (MSFW). 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 MSFW's -6.87% return.

MSFX

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

MSFW

• 1D: 3.46%
• 1M: 22.44%
• 6M: 7.60%
• YTD: -6.87%
• 1Y: -16.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -13.90%

*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)
MSFW Roundhill MSFT WeeklyPay™ ETF	$555.06K	$433.47K	$575.39K
MSFX T-Rex 2X Long Microsoft Daily Target ETF	$7.46M	$6.03M	$5.49M

MSFX vs. MSFW - Yearly Performance Comparison

	2026 (YTD)	2025
MSFX T-Rex 2X Long Microsoft Daily Target ETF	-19.85%	-15.74%
MSFW Roundhill MSFT WeeklyPay™ ETF	-6.87%	-7.80%

Correlation

The correlation between MSFX and MSFW 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 Jul 24, 2025	0.99

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

MSFX vs. MSFW - Sectors Allocation Comparison

Sectors	MSFX	MSFW
Technology	100.0%	22.3%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

MSFX vs. MSFW — 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

MSFW

MSFW Risk / Return Rank: 5
MSFW Sharpe Ratio Rank: 5
MSFW Sortino Ratio Rank: 5
MSFW Omega Ratio Rank: 5
MSFW Calmar Ratio Rank: 6
MSFW Martin Ratio Rank: 6

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. MSFW - 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 Roundhill MSFT WeeklyPay™ ETF (MSFW). 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	MSFW	Difference
Sharpe ratio: Return per unit of total volatility	-0.62	-0.48	-0.14
Sortino ratio: Return per unit of downside risk	-0.72	-0.52	-0.20
Omega ratio: Gain probability vs. loss probability	0.91	0.94	-0.02
Calmar ratio: Return relative to maximum drawdown	-0.62	-0.44	-0.18
Martin ratio: Return relative to average drawdown	-1.01	-0.77	-0.24

MSFX vs. MSFW - Sharpe Ratio Comparison

The current MSFX Sharpe Ratio is -0.62, which is comparable to the MSFW Sharpe Ratio of -0.48. The chart below compares the historical Sharpe Ratios of MSFX and MSFW, 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. MSFW - Drawdown Comparison

The maximum MSFX drawdown since its inception was -63.56%, which is greater than MSFW's maximum drawdown of -41.85%. Use the drawdown chart below to compare losses from any high point for MSFX and MSFW.

Drawdown Indicators

	MSFX	MSFW	Difference
Max Drawdown Largest peak-to-trough decline	-63.56%	-41.85%	-21.71%
Max Drawdown (1Y) Largest decline over 1 year	-63.56%	-41.85%	-21.71%
Current Drawdown Current decline from peak	-39.33%	-19.48%	-19.85%
Average Drawdown Average peak-to-trough decline	-23.33%	-19.93%	-3.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	38.70%	23.80%	+14.90%

Volatility

MSFX vs. MSFW - Volatility Comparison

T-Rex 2X Long Microsoft Daily Target ETF (MSFX) has a higher volatility of 29.51% compared to Roundhill MSFT WeeklyPay™ ETF (MSFW) at 18.56%. This indicates that MSFX's price experiences larger fluctuations and is considered to be riskier than MSFW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSFX	MSFW	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.51%	18.56%	+10.95%
Volatility (6M) Calculated over the trailing 6-month period	51.35%	31.64%	+19.71%
Volatility (1Y) Calculated over the trailing 1-year period	63.33%	38.47%	+24.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.73%	38.10%	+15.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.73%	38.10%	+15.63%

MSFX vs. MSFW - Expense Ratio Comparison

MSFX has a 1.05% expense ratio, which is higher than MSFW's 0.99% expense ratio.

Dividends

MSFX vs. MSFW - Dividend Comparison

MSFX's dividend yield for the trailing twelve months is around 6.66%, less than MSFW's 42.44% yield.

Position	TTM	2025
MSFW Roundhill MSFT WeeklyPay™ ETF	42.44%	20.25%
MSFX T-Rex 2X Long Microsoft Daily Target ETF	6.66%	5.34%

Frequently Asked Questions

Can I hold both MSFX and MSFW in my portfolio?

With a correlation of 0.99, MSFX and MSFW 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 MSFW?

MSFX has higher volatility (29.51%) compared to MSFW (18.56%). In terms of maximum drawdown, MSFX dropped -63.56% vs MSFW's -41.85%.

Which ETF is better, MSFX or MSFW?

On 1-year performance, MSFW leads with -16.79% vs -36.75% for MSFX. On fees, MSFW is cheaper at 0.99% per year. On volatility, MSFW has been the lower-risk option at 18.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSFX or MSFW?

Over the 1-year period, MSFW has performed better with a -16.79% return vs -36.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSFX or MSFW?

MSFW is cheaper with a 0.99% expense ratio, compared with 1.05% for MSFX.

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

MSFW has the higher dividend yield at 42.44%, compared with 6.66% for MSFX.

What is the main difference between MSFX and MSFW?

MSFX is categorized as Leveraged Equities, while MSFW is Derivative Income. They also come from different issuers: T-Rex and Roundhill. Their fees differ too: 1.05% for MSFX and 0.99% for MSFW.

Which has better risk-adjusted returns?

MSFW currently has the higher Sharpe Ratio (-0.48 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.