MSFX vs. TQQQ
Compare and contrast key facts about T-Rex 2X Long Microsoft Daily Target ETF (MSFX) and ProShares UltraPro QQQ (TQQQ).
MSFX and TQQQ 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. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MSFX or TQQQ.
Correlation
The correlation between MSFX and TQQQ is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MSFX vs. TQQQ - Performance Comparison
Key characteristics
MSFX:
-0.32
TQQQ:
1.11
MSFX:
-0.17
TQQQ:
1.61
MSFX:
0.98
TQQQ:
1.21
MSFX:
-0.44
TQQQ:
1.42
MSFX:
-0.78
TQQQ:
4.60
MSFX:
17.55%
TQQQ:
13.17%
MSFX:
42.61%
TQQQ:
54.51%
MSFX:
-30.86%
TQQQ:
-81.66%
MSFX:
-30.86%
TQQQ:
-3.39%
Returns By Period
In the year-to-date period, MSFX achieves a -8.43% return, which is significantly lower than TQQQ's 13.52% return.
MSFX
-8.43%
-10.75%
-12.28%
-12.79%
N/A
N/A
TQQQ
13.52%
8.05%
31.73%
58.67%
26.65%
35.38%
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MSFX vs. TQQQ - Expense Ratio Comparison
MSFX has a 1.05% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
MSFX vs. TQQQ — Risk-Adjusted Performance Rank
MSFX
TQQQ
MSFX vs. TQQQ - 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 ProShares UltraPro QQQ (TQQQ). 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. TQQQ - Dividend Comparison
MSFX has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.12%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSFX T-Rex 2X Long Microsoft Daily Target ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.12% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
MSFX vs. TQQQ - Drawdown Comparison
The maximum MSFX drawdown since its inception was -30.86%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for MSFX and TQQQ. For additional features, visit the drawdowns tool.
Volatility
MSFX vs. TQQQ - Volatility Comparison
T-Rex 2X Long Microsoft Daily Target ETF (MSFX) has a higher volatility of 18.39% compared to ProShares UltraPro QQQ (TQQQ) at 15.10%. This indicates that MSFX's price experiences larger fluctuations and is considered to be riskier than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.