T-Rex 2X Long Microsoft Daily Target ETF (MSFX) Performance
MSFX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −1.2% since Dec 31, 2025
- 1 year
- −18.9% total return
- Since first price
- +12.6% since 2024
MSFX trailing returns vs SPY, QQQ, AGG
| Period | MSFX total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +8.2% | +8.2% | −1.0% | −5.0% | +0.9% |
| 3 months | +78.6% | +78.6% | +3.2% | +1.9% | −0.4% |
| 6 months | +42.8% | +42.8% | +7.8% | +8.4% | −1.5% |
| YTD | −1.2% | −1.2% | +12.3% | +15.1% | −1.0% |
| 1 year | −18.9% | −23.0% | +14.4% | +15.9% | −1.1% |
| Since inceptionJan 11, 2024 | +12.6% | +7.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MSFX vs SPY
From Jan 11, 2024: MSFX grew to $11,261, SPY to $16,476.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MSFX returns by calendar year
1 of 1 full years positive. Best 2025 (+9.8%), worst 2025 (+9.8%). 2026 is year to date.
MSFX annual returns table
| Year | MSFX | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −1.2% | −51.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +9.8% | −38.9% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MSFX largest drawdowns
Now 25.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 4, 2025 | −63.6% | Jun 25, 2026 | not yet | 11 months | 1.2 years so far |
| Jul 5, 2024 | −48.8% | Apr 8, 2025 | Jul 17, 2025 | 9 months | 1.0 years |
| Mar 21, 2024 | −19.4% | Apr 30, 2024 | Jun 12, 2024 | 40 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MSFX risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +1.0% |
| Volatility (annualized) | 58.7% |
| Sharpe ratio | 0.22 |
| Sortino ratio | 0.36 |
| Best month | +49.5% |
| Worst month | −32.5% |
| Best 12 months | +38.8% |
| Worst 12 months | −53.8% |
| Positive months | 50% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MSFX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 22 | −53.8% | −12.3% | +38.8% | 36% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
MSFX performance overview
T-Rex 2X Long Microsoft Daily Target ETF (MSFX) returned −18.9% over the past year, with distributions reinvested. Since its first recorded price on Jan 11, 2024 it has returned +12.6%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −63.6%, from Aug 4, 2025 to Jun 25, 2026; the fund has not yet regained that high. Volatility has been 58.7% a year.
Related: MSFX chart, MSFX dividends. See the MSFX overview for the latest quote and fund facts.
MSFX performance FAQ
What is the MSFX return over the past year?
MSFX returned −18.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 23.0%.
How much would $10,000 invested in MSFX be worth?
$10,000 invested in MSFX at its first recorded close on January 11, 2024 would be worth about $11,261 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of MSFX?
The largest peak-to-trough decline was −63.6% between August 4, 2025 and June 25, 2026. It has not yet recovered to that high; it is 25.2% below its peak.
How volatile is MSFX?
Over the past history MSFX had an annualized volatility of 58.7% and a Sharpe ratio of 0.22 (excess return over 1–3 month T-bills per unit of risk).