MSFX vs. XDSQ

Last updated Aug 2, 2026

MSFX (T-Rex 2X Long Microsoft Daily Target ETF) and XDSQ (Innovator US Equity Accelerated ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, MSFX returned -36.75% vs 14.72% for XDSQ. Their 0.54 correlation means they have sometimes moved together and sometimes differently. MSFX charges 1.05%/yr vs 0.79%/yr for XDSQ.

Performance

MSFX vs. XDSQ - 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 Innovator US Equity Accelerated ETF (XDSQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSFX achieves a -19.85% return, which is significantly lower than XDSQ's 4.06% return.

MSFX

• 1D: 5.74%
• 1M: 37.34%
• 6M: 4.23%
• YTD: -19.85%
• 1Y: -36.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -3.75%

XDSQ

• 1D: 1.09%
• 1M: 1.17%
• 6M: 2.50%
• YTD: 4.06%
• 1Y: 14.72%
• 3Y*: 13.83%
• 5Y*: 9.46%
• 10Y*: —
• ALL TIME*: 10.43%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MSFX T-Rex 2X Long Microsoft Daily Target ETF	$7.46M	$6.03M	$5.49M
XDSQ Innovator US Equity Accelerated ETF	$337.95K	$898.70K	$479.40K

MSFX vs. XDSQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MSFX T-Rex 2X Long Microsoft Daily Target ETF	-19.85%	9.84%	3.03%
XDSQ Innovator US Equity Accelerated ETF	4.06%	14.22%	22.77%

Correlation

The correlation between MSFX and XDSQ is 0.37, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.37
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.54

The correlation between MSFX and XDSQ shifts across timeframes, from 0.37 (1 year) to 0.54 (all time), reflecting how their relationship changes across market environments.

MSFX vs. XDSQ - Sectors Allocation Comparison

Sectors	MSFX	XDSQ
Technology	100.0%	39.1%
Basic Materials	-	1.7%
Communication Services	-	10.7%
Consumer Cyclical	-	9.9%
Consumer Defensive	-	4.5%
Energy	-	3.1%
Financial Services	-	10.9%
Healthcare	-	8.3%
Industrials	-	7.8%
Real Estate	-	1.8%
Utilities	-	2.1%

Return for Risk

MSFX vs. XDSQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MSFX

MSFX Risk / Return Rank: 4
MSFX Sharpe Ratio Rank: 4
MSFX Sortino Ratio Rank: 4
MSFX Omega Ratio Rank: 4
MSFX Calmar Ratio Rank: 4
MSFX Martin Ratio Rank: 4

XDSQ

XDSQ Risk / Return Rank: 49
XDSQ Sharpe Ratio Rank: 49
XDSQ Sortino Ratio Rank: 46
XDSQ Omega Ratio Rank: 55
XDSQ Calmar Ratio Rank: 39
XDSQ Martin Ratio Rank: 54

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MSFX vs. XDSQ - 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 Innovator US Equity Accelerated ETF (XDSQ). 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	XDSQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.62	1.19	-1.82
Sortino ratio: Return per unit of downside risk	-0.72	1.67	-2.39
Omega ratio: Gain probability vs. loss probability	0.91	1.24	-0.33
Calmar ratio: Return relative to maximum drawdown	-0.62	1.36	-1.98
Martin ratio: Return relative to average drawdown	-1.01	6.43	-7.45

MSFX vs. XDSQ - Sharpe Ratio Comparison

The current MSFX Sharpe Ratio is -0.62, which is lower than the XDSQ Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of MSFX and XDSQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MSFX vs. XDSQ - Drawdown Comparison

The maximum MSFX drawdown since its inception was -63.56%, which is greater than XDSQ's maximum drawdown of -26.06%. Use the drawdown chart below to compare losses from any high point for MSFX and XDSQ.

Drawdown Indicators

	MSFX	XDSQ	Difference
Max Drawdown Largest peak-to-trough decline	-63.56%	-26.06%	-37.50%
Max Drawdown (1Y) Largest decline over 1 year	-63.56%	-9.60%	-53.96%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.15%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.06%	—
Current Drawdown Current decline from peak	-39.33%	-0.31%	-39.02%
Average Drawdown Average peak-to-trough decline	-23.33%	-4.83%	-18.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	38.70%	2.03%	+36.67%

Volatility

MSFX vs. XDSQ - Volatility Comparison

T-Rex 2X Long Microsoft Daily Target ETF (MSFX) has a higher volatility of 29.51% compared to Innovator US Equity Accelerated ETF (XDSQ) at 3.54%. This indicates that MSFX's price experiences larger fluctuations and is considered to be riskier than XDSQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSFX	XDSQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.51%	3.54%	+25.97%
Volatility (6M) Calculated over the trailing 6-month period	51.35%	8.13%	+43.22%
Volatility (1Y) Calculated over the trailing 1-year period	63.33%	10.98%	+52.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.73%	15.29%	+38.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.73%	14.95%	+38.78%

MSFX vs. XDSQ - Expense Ratio Comparison

MSFX has a 1.05% expense ratio, which is higher than XDSQ's 0.79% expense ratio.

Dividends

MSFX vs. XDSQ - Dividend Comparison

MSFX's dividend yield for the trailing twelve months is around 6.66%, while XDSQ has not paid dividends to shareholders.

Position	TTM	2025
MSFX T-Rex 2X Long Microsoft Daily Target ETF	6.66%	5.34%
XDSQ Innovator US Equity Accelerated ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both MSFX and XDSQ in my portfolio?

MSFX and XDSQ have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSFX or XDSQ?

MSFX has higher volatility (29.51%) compared to XDSQ (3.54%). In terms of maximum drawdown, MSFX dropped -63.56% vs XDSQ's -26.06%.

Which ETF is better, MSFX or XDSQ?

On 1-year performance, XDSQ leads with 14.72% vs -36.75% for MSFX. On fees, XDSQ is cheaper at 0.79% per year. On volatility, XDSQ has been the lower-risk option at 3.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSFX or XDSQ?

Over the 1-year period, XDSQ has performed better with a 14.72% return vs -36.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSFX or XDSQ?

XDSQ is cheaper with a 0.79% expense ratio, compared with 1.05% for MSFX.

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

MSFX has the higher dividend yield at 6.66%, compared with 0.00% for XDSQ.

What is the main difference between MSFX and XDSQ?

They also come from different issuers: T-Rex and Innovator. Their fees differ too: 1.05% for MSFX and 0.79% for XDSQ.

Which has better risk-adjusted returns?

XDSQ currently has the higher Sharpe Ratio (1.19 vs -0.62), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.