MSFX vs. MUU

Last updated Apr 2, 2026

Compare and contrast key facts about T-Rex 2X Long Microsoft Daily Target ETF (MSFX) and Direxion Daily MU Bull 2X Shares (MUU).

MSFX and MUU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MSFX is an actively managed fund by T-Rex. It was launched on Jan 10, 2024. MUU is an actively managed fund by Direxion. It was launched on Oct 9, 2024.

Performance

MSFX vs. MUU - 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 Direxion Daily MU Bull 2X Shares (MUU). The values are adjusted to include any dividend payments, if applicable.

MSFX vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MSFX T-Rex 2X Long Microsoft Daily Target ETF	-44.61%	9.84%	-0.61%
MUU Direxion Daily MU Bull 2X Shares	41.27%	599.03%	-43.09%

Returns By Period

In the year-to-date period, MSFX achieves a -44.61% return, which is significantly lower than MUU's 41.27% return.

MSFX

• 1D: -0.53%
• 1M: -15.17%
• YTD: -44.61%
• 6M: -54.72%
• 1Y: -22.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: 17.77%
• 1M: -25.73%
• YTD: 41.27%
• 6M: 205.92%
• 1Y: 904.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSFX vs. MUU - Expense Ratio Comparison

MSFX has a 1.05% expense ratio, which is lower than MUU's 1.06% expense ratio.

MUU

Direxion Daily MU Bull 2X Shares

MSFX

T-Rex 2X Long Microsoft Daily Target ETF

Return for Risk

MSFX vs. MUU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MSFX

MSFX Risk / Return Rank: 6
MSFX Sharpe Ratio Rank: 5
MSFX Sortino Ratio Rank: 6
MSFX Omega Ratio Rank: 6
MSFX Calmar Ratio Rank: 7
MSFX Martin Ratio Rank: 6

MUU

MUU Risk / Return Rank: 98
MUU Sharpe Ratio Rank: 99
MUU Sortino Ratio Rank: 97
MUU Omega Ratio Rank: 96
MUU Calmar Ratio Rank: 99
MUU 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. MUU - 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 Direxion Daily MU Bull 2X Shares (MUU). 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.

	MSFX	MUU	Difference
Sharpe ratio Return per unit of total volatility	-0.43	7.00	-7.43
Sortino ratio Return per unit of downside risk	-0.32	3.86	-4.18
Omega ratio Gain probability vs. loss probability	0.96	1.52	-0.56
Calmar ratio Return relative to maximum drawdown	-0.32	17.99	-18.31
Martin ratio Return relative to average drawdown	-0.80	50.69	-51.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSFX vs. MUU - Sharpe Ratio Comparison

The current MSFX Sharpe Ratio is -0.43, which is lower than the MUU Sharpe Ratio of 7.00. The chart below compares the historical Sharpe Ratios of MSFX and MUU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MSFX	MUU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.43	7.00	-7.43
Sharpe Ratio (All Time) Calculated using the full available price history	-0.39	1.77	-2.17

Correlation

The correlation between MSFX and MUU is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MSFX vs. MUU - Dividend Comparison

MSFX's dividend yield for the trailing twelve months is around 9.64%, more than MUU's 3.42% yield.

	TTM	2025	2024
MSFX T-Rex 2X Long Microsoft Daily Target ETF	9.64%	5.34%	0.00%
MUU Direxion Daily MU Bull 2X Shares	3.42%	4.27%	0.31%

Drawdowns

MSFX vs. MUU - Drawdown Comparison

The maximum MSFX drawdown since its inception was -60.86%, smaller than the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for MSFX and MUU.

Drawdown Indicators

	MSFX	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-60.86%	-75.07%	+14.21%
Max Drawdown (1Y) Largest decline over 1 year	-60.86%	-52.72%	-8.14%
Current Drawdown Current decline from peak	-58.07%	-38.92%	-19.15%
Average Drawdown Average peak-to-trough decline	-19.14%	-25.08%	+5.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.76%	18.71%	+6.05%

Volatility

MSFX vs. MUU - Volatility Comparison

The current volatility for T-Rex 2X Long Microsoft Daily Target ETF (MSFX) is 12.74%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 47.51%. This indicates that MSFX experiences smaller price fluctuations and is considered to be less risky than MUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSFX	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.74%	47.51%	-34.77%
Volatility (6M) Calculated over the trailing 6-month period	39.22%	99.28%	-60.06%
Volatility (1Y) Calculated over the trailing 1-year period	53.12%	130.64%	-77.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.75%	127.68%	-79.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.75%	127.68%	-79.93%