MSII vs. VALG

Last updated Jul 14, 2026

MSII (REX MSTR Growth & Income ETF) and VALG (Leverage Shares 2X Long VALE Daily ETF) are both Leveraged Equities funds. MSII is actively managed, while VALG is passively managed. At a 0.23 correlation, their price movements are largely independent. MSII charges 0.99%/yr vs 0.75%/yr for VALG.

Performance

MSII vs. VALG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX MSTR Growth & Income ETF (MSII) and Leverage Shares 2X Long VALE Daily ETF (VALG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSII achieves a -28.10% return, which is significantly lower than VALG's 2.84% return.

MSII

• 1D: 0.00%
• 1M: 0.00%
• 6M: -32.25%
• YTD: -28.10%
• 1Y: -75.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VALG

• 1D: -4.06%
• 1M: -19.89%
• 6M: -8.94%
• YTD: 2.84%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSII vs. VALG - Yearly Performance Comparison

	2026 (YTD)	2025
MSII REX MSTR Growth & Income ETF	-28.10%	-4.28%
VALG Leverage Shares 2X Long VALE Daily ETF	2.84%	1.57%

Correlation

The correlation between MSII and VALG is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025	0.23

Return for Risk

MSII vs. VALG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX MSTR Growth & Income ETF (MSII) and Leverage Shares 2X Long VALE Daily ETF (VALG). 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.

	MSII	VALG	Difference
Sharpe ratio: Return per unit of total volatility	-1.03	—	—
Sortino ratio: Return per unit of downside risk	-1.98	—	—
Omega ratio: Gain probability vs. loss probability	0.77	—	—
Calmar ratio: Return relative to maximum drawdown	-0.94	—	—
Martin ratio: Return relative to average drawdown	-1.31	—	—

Drawdowns

MSII vs. VALG - Drawdown Comparison

The maximum MSII drawdown since its inception was -78.73%, which is greater than VALG's maximum drawdown of -41.01%. Use the drawdown chart below to compare losses from any high point for MSII and VALG.

Drawdown Indicators

	MSII	VALG	Difference
Max Drawdown Largest peak-to-trough decline	-78.73%	-41.01%	-37.72%
Max Drawdown (1Y) Largest decline over 1 year	-78.73%	—	—
Current Drawdown Current decline from peak	-76.65%	-40.48%	-36.17%
Average Drawdown Average peak-to-trough decline	-48.03%	-15.31%	-32.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	56.38%	—	—

Volatility

Volatility by Period

	MSII	VALG	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.17%	—	—
Volatility (6M) Calculated over the trailing 6-month period	56.48%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	71.71%	73.47%	-1.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.96%	73.47%	-3.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.96%	73.47%	-3.51%

MSII vs. VALG - Expense Ratio Comparison

MSII has a 0.99% expense ratio, which is higher than VALG's 0.75% expense ratio.

Dividends

MSII vs. VALG - Dividend Comparison

Neither MSII nor VALG has paid dividends to shareholders.

Position	TTM	2025
MSII REX MSTR Growth & Income ETF	76.94%	48.93%
VALG Leverage Shares 2X Long VALE Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both MSII and VALG in my portfolio?

MSII and VALG have a correlation of 0.23, 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 VALG?

On fees, VALG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MSII or VALG?

VALG is cheaper with a 0.75% expense ratio, compared with 0.99% for MSII.

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

MSII has the higher dividend yield at 76.94%, compared with 0.00% for VALG.

What is the main difference between MSII and VALG?

They also come from different issuers: REX and Leverage Shares. Their fees differ too: 0.99% for MSII and 0.75% for VALG.