MSII vs. USDX

Last updated Jun 5, 2026

MSII (REX MSTR Growth & Income ETF) and USDX (SGI Enhanced Core ETF) are both exchange-traded funds - MSII is a Leveraged Equities fund actively managed by REX, while USDX is a Intermediate Core Bond fund actively managed by Summit Global Investments. Both are actively managed. Over the past year, MSII returned -67.78% vs 5.97% for USDX. At a correlation of -0.05, they often move in opposite directions. MSII charges 0.99%/yr vs 0.98%/yr for USDX.

Performance

MSII vs. USDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX MSTR Growth & Income ETF (MSII) and SGI Enhanced Core ETF (USDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSII achieves a -18.95% return, which is significantly lower than USDX's 1.79% return.

MSII

• 1D: 2.74%
• 1M: -31.87%
• YTD: -18.95%
• 6M: -32.47%
• 1Y: -67.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USDX

• 1D: -0.19%
• 1M: -0.06%
• YTD: 1.79%
• 6M: 2.25%
• 1Y: 5.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSII vs. USDX - Yearly Performance Comparison

	2026 (YTD)	2025
MSII REX MSTR Growth & Income ETF	-18.95%	-60.25%
USDX SGI Enhanced Core ETF	1.79%	4.11%

Correlation

The correlation between MSII and USDX is -0.05, 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 Jun 5, 2025	-0.05

Return for Risk

MSII vs. USDX — Risk / Return Rank

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

USDX

USDX Risk / Return Rank: 94
USDX Sharpe Ratio Rank: 90
USDX Sortino Ratio Rank: 94
USDX Omega Ratio Rank: 96
USDX Calmar Ratio Rank: 92
USDX Martin Ratio Rank: 97

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.

MSII vs. USDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX MSTR Growth & Income ETF (MSII) and SGI Enhanced Core ETF (USDX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MSII	USDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.96	3.96	-4.91

Drawdowns

MSII vs. USDX - Drawdown Comparison

The maximum MSII drawdown since its inception was -78.73%, which is greater than USDX's maximum drawdown of -0.94%. Use the drawdown chart below to compare losses from any high point for MSII and USDX.

Drawdown Indicators

	MSII	USDX	Difference
Max Drawdown Largest peak-to-trough decline	-78.73%	-0.94%	-77.79%
Max Drawdown (1Y) Largest decline over 1 year	-78.73%	-0.94%	-77.79%
Current Drawdown Current decline from peak	-73.68%	-0.64%	-73.04%
Average Drawdown Average peak-to-trough decline	-46.27%	-0.06%	-46.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.14%	—

Volatility

Volatility by Period

	MSII	USDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.98%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.73%	—
Volatility (1Y) Calculated over the trailing 1-year period	71.12%	1.93%	+69.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.12%	1.68%	+69.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.12%	1.68%	+69.44%

MSII vs. USDX - Expense Ratio Comparison

MSII has a 0.99% expense ratio, which is higher than USDX's 0.98% expense ratio.

Dividends

MSII vs. USDX - Dividend Comparison

MSII's dividend yield for the trailing twelve months is around 88.00%, more than USDX's 5.90% yield.

Position	TTM	2025	2024
MSII REX MSTR Growth & Income ETF	88.00%	48.93%	0.00%
USDX SGI Enhanced Core ETF	5.90%	5.88%	4.60%

Frequently Asked Questions

Can I hold both MSII and USDX in my portfolio?

MSII and USDX have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSII or USDX?

On 1-year performance, USDX leads with 5.97% vs -67.78% for MSII. On fees, USDX is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSII or USDX?

Over the 1-year period, USDX has performed better with a 5.97% return vs -67.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSII or USDX?

USDX is cheaper with a 0.98% expense ratio, compared with 0.99% for MSII.

Which ETF pays a higher dividend yield, MSII or USDX?

MSII has the higher dividend yield at 88.00%, compared with 5.90% for USDX.

What is the main difference between MSII and USDX?

MSII is categorized as Leveraged Equities, while USDX is Intermediate Core Bond. They also come from different issuers: REX and Summit Global Investments. Their fees differ too: 0.99% for MSII and 0.98% for USDX.