MSFX vs. XTJL

Last updated Jul 17, 2026

MSFX (T-Rex 2X Long Microsoft Daily Target ETF) and XTJL (Innovator U.S. Equity Accelerated Plus ETF - July) are both Leveraged Equities funds. Both are actively managed. Over the past year, MSFX returned -48.16% vs 13.86% for XTJL. A 0.54 correlation means they provide meaningful diversification when combined. MSFX charges 1.05%/yr vs 0.79%/yr for XTJL.

Performance

MSFX vs. XTJL - 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 U.S. Equity Accelerated Plus ETF - July (XTJL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSFX achieves a -38.35% return, which is significantly lower than XTJL's 5.97% return.

MSFX

• 1D: 2.99%
• 1M: 1.75%
• 6M: -30.56%
• YTD: -38.35%
• 1Y: -48.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XTJL

• 1D: -0.42%
• 1M: 0.38%
• 6M: 5.24%
• YTD: 5.97%
• 1Y: 13.86%
• 3Y*: 14.08%
• 5Y*: 9.83%
• 10Y*: —

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

MSFX vs. XTJL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MSFX T-Rex 2X Long Microsoft Daily Target ETF	-38.35%	9.84%	3.03%
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	5.97%	15.42%	13.87%

Correlation

The correlation between MSFX and XTJL is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.54

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

MSFX vs. XTJL - Sectors Allocation Comparison

Sectors	MSFX	XTJL
Technology	100.0%	38.4%
Basic Materials	-	1.7%
Communication Services	-	10.8%
Consumer Cyclical	-	10.0%
Consumer Defensive	-	4.6%
Energy	-	3.2%
Financial Services	-	11.0%
Healthcare	-	8.4%
Industrials	-	7.9%
Real Estate	-	1.8%
Utilities	-	2.1%

Return for Risk

MSFX vs. XTJL — Risk / Return Rank

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

MSFX

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

XTJL

XTJL Risk / Return Rank: 79
XTJL Sharpe Ratio Rank: 74
XTJL Sortino Ratio Rank: 79
XTJL Omega Ratio Rank: 86
XTJL Calmar Ratio Rank: 68
XTJL Martin Ratio Rank: 89

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. XTJL - 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 U.S. Equity Accelerated Plus ETF - July (XTJL). 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	XTJL	Difference
Sharpe ratio: Return per unit of total volatility	-0.88	1.88	-2.76
Sortino ratio: Return per unit of downside risk	-1.21	2.81	-4.02
Omega ratio: Gain probability vs. loss probability	0.85	1.41	-0.56
Calmar ratio: Return relative to maximum drawdown	-0.76	2.72	-3.48
Martin ratio: Return relative to average drawdown	-1.30	15.38	-16.68

MSFX vs. XTJL - Sharpe Ratio Comparison

The current MSFX Sharpe Ratio is -0.88, which is lower than the XTJL Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of MSFX and XTJL, 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. XTJL - Drawdown Comparison

The maximum MSFX drawdown since its inception was -63.56%, which is greater than XTJL's maximum drawdown of -23.24%. Use the drawdown chart below to compare losses from any high point for MSFX and XTJL.

Drawdown Indicators

	MSFX	XTJL	Difference
Max Drawdown Largest peak-to-trough decline	-63.56%	-23.24%	-40.32%
Max Drawdown (1Y) Largest decline over 1 year	-63.56%	-5.12%	-58.44%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.70%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.24%	—
Current Drawdown Current decline from peak	-53.33%	-0.42%	-52.91%
Average Drawdown Average peak-to-trough decline	-22.81%	-3.95%	-18.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.05%	0.90%	+36.15%

Volatility

MSFX vs. XTJL - Volatility Comparison

T-Rex 2X Long Microsoft Daily Target ETF (MSFX) has a higher volatility of 21.20% compared to Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) at 1.39%. This indicates that MSFX's price experiences larger fluctuations and is considered to be riskier than XTJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSFX	XTJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.20%	1.39%	+19.81%
Volatility (6M) Calculated over the trailing 6-month period	49.30%	5.73%	+43.57%
Volatility (1Y) Calculated over the trailing 1-year period	54.72%	7.40%	+47.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.30%	15.10%	+35.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.30%	15.05%	+35.25%

MSFX vs. XTJL - Expense Ratio Comparison

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

Dividends

MSFX vs. XTJL - Dividend Comparison

MSFX's dividend yield for the trailing twelve months is around 8.67%, while XTJL has not paid dividends to shareholders.

Position	TTM	2025
MSFX T-Rex 2X Long Microsoft Daily Target ETF	8.67%	5.34%
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	0.00%	0.00%

Frequently Asked Questions

Can I hold both MSFX and XTJL in my portfolio?

MSFX and XTJL 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 XTJL?

MSFX has higher volatility (21.20%) compared to XTJL (1.39%). In terms of maximum drawdown, MSFX dropped -63.56% vs XTJL's -23.24%.

Which ETF is better, MSFX or XTJL?

On 1-year performance, XTJL leads with 13.86% vs -48.16% for MSFX. On fees, XTJL is cheaper at 0.79% per year. On volatility, XTJL has been the lower-risk option at 1.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSFX or XTJL?

Over the 1-year period, XTJL has performed better with a 13.86% return vs -48.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSFX or XTJL?

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

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

MSFX has the higher dividend yield at 8.67%, compared with 0.00% for XTJL.

What is the main difference between MSFX and XTJL?

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

Which has better risk-adjusted returns?

XTJL currently has the higher Sharpe Ratio (1.88 vs -0.88), 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.