MSFX vs. SNDU

Last updated Jul 14, 2026

MSFX (T-Rex 2X Long Microsoft Daily Target ETF) and SNDU (T-REX 2X Long SNDK Daily Target ETF) are both Leveraged Equities funds from T-Rex. MSFX is actively managed, while SNDU is passively managed. At a correlation of -0.01, they often move in opposite directions. MSFX charges 1.05%/yr vs 1.50%/yr for SNDU.

Performance

MSFX vs. SNDU - 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 T-REX 2X Long SNDK Daily Target ETF (SNDU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MSFX

• 1D: 3.02%
• 1M: -1.84%
• 6M: -39.52%
• YTD: -41.43%
• 1Y: -50.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SNDU

• 1D: -25.27%
• 1M: -41.48%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSFX vs. SNDU - Yearly Performance Comparison

	2026 (YTD)
MSFX T-Rex 2X Long Microsoft Daily Target ETF	-12.75%
SNDU T-REX 2X Long SNDK Daily Target ETF	319.57%

Correlation

The correlation between MSFX and SNDU is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 12, 2026	-0.01

Return for Risk

MSFX vs. SNDU — Risk / Return Rank

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

MSFX

MSFX Risk / Return Rank: 2
MSFX Sharpe Ratio Rank: 2
MSFX Sortino Ratio Rank: 2
MSFX Omega Ratio Rank: 2
MSFX Calmar Ratio Rank: 3
MSFX Martin Ratio Rank: 2

SNDU

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. SNDU - 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 T-REX 2X Long SNDK Daily Target ETF (SNDU). 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	SNDU	Difference
Sharpe ratio: Return per unit of total volatility	-0.93	—	—
Sortino ratio: Return per unit of downside risk	-1.32	—	—
Omega ratio: Gain probability vs. loss probability	0.83	—	—
Calmar ratio: Return relative to maximum drawdown	-0.79	—	—
Martin ratio: Return relative to average drawdown	-1.38	—	—

Drawdowns

MSFX vs. SNDU - Drawdown Comparison

The maximum MSFX drawdown since its inception was -63.56%, which is greater than SNDU's maximum drawdown of -56.44%. Use the drawdown chart below to compare losses from any high point for MSFX and SNDU.

Drawdown Indicators

	MSFX	SNDU	Difference
Max Drawdown Largest peak-to-trough decline	-63.56%	-56.44%	-7.12%
Max Drawdown (1Y) Largest decline over 1 year	-63.56%	—	—
Current Drawdown Current decline from peak	-55.66%	-54.84%	-0.82%
Average Drawdown Average peak-to-trough decline	-22.66%	-14.27%	-8.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	36.56%	—	—

Volatility

Volatility by Period

	MSFX	SNDU	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.83%	—	—
Volatility (6M) Calculated over the trailing 6-month period	48.82%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	54.37%	225.95%	-171.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.22%	225.95%	-175.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.22%	225.95%	-175.73%

MSFX vs. SNDU - Expense Ratio Comparison

MSFX has a 1.05% expense ratio, which is lower than SNDU's 1.50% expense ratio.

Dividends

MSFX vs. SNDU - Dividend Comparison

MSFX's dividend yield for the trailing twelve months is around 9.12%, while SNDU has not paid dividends to shareholders.

Position	TTM	2025
MSFX T-Rex 2X Long Microsoft Daily Target ETF	9.12%	5.34%
SNDU T-REX 2X Long SNDK Daily Target ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both MSFX and SNDU in my portfolio?

MSFX and SNDU have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSFX or SNDU?

On fees, MSFX is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MSFX or SNDU?

MSFX is cheaper with a 1.05% expense ratio, compared with 1.50% for SNDU.

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

MSFX has the higher dividend yield at 9.12%, compared with 0.00% for SNDU.

What is the main difference between MSFX and SNDU?

Their fees differ too: 1.05% for MSFX and 1.50% for SNDU.