MSFX vs. NVDL
Compare and contrast key facts about T-Rex 2X Long Microsoft Daily Target ETF (MSFX) and GraniteShares 2x Long NVDA Daily ETF (NVDL).
MSFX and NVDL 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. NVDL is an actively managed fund by GraniteShares. It was launched on Dec 13, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MSFX or NVDL.
Correlation
The correlation between MSFX and NVDL is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MSFX vs. NVDL - Performance Comparison
Key characteristics
MSFX:
-0.28
NVDL:
1.17
MSFX:
-0.11
NVDL:
1.98
MSFX:
0.99
NVDL:
1.25
MSFX:
-0.39
NVDL:
2.57
MSFX:
-0.68
NVDL:
5.83
MSFX:
17.94%
NVDL:
22.65%
MSFX:
42.86%
NVDL:
112.99%
MSFX:
-30.86%
NVDL:
-51.40%
MSFX:
-30.83%
NVDL:
-29.18%
Returns By Period
In the year-to-date period, MSFX achieves a -8.39% return, which is significantly higher than NVDL's -9.07% return.
MSFX
-8.39%
-17.41%
-11.37%
-15.61%
N/A
N/A
NVDL
-9.07%
-22.47%
-12.76%
86.15%
N/A
N/A
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MSFX vs. NVDL - Expense Ratio Comparison
MSFX has a 1.05% expense ratio, which is lower than NVDL's 1.15% expense ratio.
Risk-Adjusted Performance
MSFX vs. NVDL — Risk-Adjusted Performance Rank
MSFX
NVDL
MSFX vs. NVDL - Risk-Adjusted Performance 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 NVDA Daily ETF (NVDL). 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.
Dividends
MSFX vs. NVDL - Dividend Comparison
Neither MSFX nor NVDL has paid dividends to shareholders.
| TTM | 2024 | 2023 | |
|---|---|---|---|
MSFX T-Rex 2X Long Microsoft Daily Target ETF | 0.00% | 0.00% | 0.00% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 0.00% | 0.00% | 11.29% |
Drawdowns
MSFX vs. NVDL - Drawdown Comparison
The maximum MSFX drawdown since its inception was -30.86%, smaller than the maximum NVDL drawdown of -51.40%. Use the drawdown chart below to compare losses from any high point for MSFX and NVDL. For additional features, visit the drawdowns tool.
Volatility
MSFX vs. NVDL - Volatility Comparison
The current volatility for T-Rex 2X Long Microsoft Daily Target ETF (MSFX) is 16.66%, while GraniteShares 2x Long NVDA Daily ETF (NVDL) has a volatility of 50.76%. This indicates that MSFX experiences smaller price fluctuations and is considered to be less risky than NVDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.