MSFX vs. MSFW

Last updated Jun 23, 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. With a 0.99 correlation, they move nearly in lockstep. 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 -47.64% return, which is significantly lower than MSFW's -29.10% return.

MSFX

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

MSFW

• 1D: -3.84%
• 1M: -14.79%
• YTD: -29.10%
• 6M: -29.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSFX vs. MSFW - Yearly Performance Comparison

	2026 (YTD)	2025
MSFX T-Rex 2X Long Microsoft Daily Target ETF	-47.64%	-15.74%
MSFW Roundhill MSFT WeeklyPay™ ETF	-29.10%	-7.80%

Correlation

The correlation between MSFX and MSFW is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.99

Return for Risk

MSFX vs. MSFW — 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

MSFW

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. 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	-0.98	—	—
Sortino ratio: Return per unit of downside risk	-1.41	—	—
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. MSFW - Drawdown Comparison

The maximum MSFX drawdown since its inception was -60.86%, which is greater than MSFW's maximum drawdown of -40.42%. 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	-60.86%	-40.42%	-20.44%
Max Drawdown (1Y) Largest decline over 1 year	-60.86%	—	—
Current Drawdown Current decline from peak	-60.36%	-38.69%	-21.67%
Average Drawdown Average peak-to-trough decline	-21.84%	-18.18%	-3.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.88%	—	—

Volatility

Volatility by Period

	MSFX	MSFW	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.23%	—	—
Volatility (6M) Calculated over the trailing 6-month period	46.52%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	52.28%	32.65%	+19.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.69%	32.65%	+17.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.69%	32.65%	+17.04%

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 10.20%, less than MSFW's 49.90% yield.

Position	TTM	2025
MSFW Roundhill MSFT WeeklyPay™ ETF	49.90%	20.25%
MSFX T-Rex 2X Long Microsoft Daily Target ETF	10.20%	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 ETF is better, MSFX or MSFW?

On fees, MSFW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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 49.90%, compared with 10.20% 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.