Data as of .
MSFC vs MSFX: which held to its multiple?
Over the days both have traded, MSFC finished 1.1 points from its stated multiple and MSFX 1.2.
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| MSFC | MSFX | MSFC | MSFX | MSFC | MSFX | |
| 1 month | +0.6% | +0.5% | +1.7% | +1.7% | −1.1 pts | −1.2 pts |
| 3 months | not published | +51.2% | not published | +54.2% | not published | −3.0 pts |
| 6 months | not published | +40.9% | not published | +51.6% | not published | −10.7 pts |
| 1 year | not published | −21.1% | not published | −0.5% | not published | −20.6 pts |
| Since launch | +68.5% | +2.8% | +66.2% | +63.2% | +2.2 pts | −60.4 pts |
| MSFC Corgi MSFT 2x Daily ETF Aims to return twice the daily move of Microsoft (MSFT) | MSFX T-REX 2X LONG MICROSOFT DAILY TARGET ETF Aims to return twice the daily move of Microsoft (MSFT) | |
|---|---|---|
| Issuer | Corgi | T-REX |
| Sets out to return | +2x | +2x |
| On | MSFT | MSFT |
| Segment | company | company |
| Fund returned, 3 months | +0.6% | +51.2% |
| Underlying returned, 3 months | +0.8% | +27.1% |
| What the stated multiple implies, 3 months | +1.7% | +54.2% |
| Difference from stated, 3 months | −1.1 pts | −3.0 pts |
| Fund returned, 1 year or since launch | +68.5% | −21.1% |
| Difference from stated, over that window | +2.2 pts | −20.6 pts |
| Underlying volatility | 21% | 43% |
| Difference over the days both have traded | −1.1 pts | −1.2 pts |
| Expense ratio | 0.45% | 1.05% |
| Launched | Jun 30, 2026 | Jan 11, 2024 |
MSFC in plain words
One month to Sep 11, 2026: MSFC returned +0.6% where its own daily promise gave +1.3%, 0.7 points short. Read the multiple against the whole window instead and +2 times MSFT's 0.8% implies +1.7%, which makes MSFC look 1.1 points short. 0.4 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. MSFC aims to return +2 times MSFT's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. MSFT moved at 21% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
MSFX in plain words
Three months to Sep 11, 2026: MSFX returned +51.2% where its own daily promise gave +55.1%, 3.9 points short. Read the multiple against the whole window instead and +2 times MSFT's 27.1% implies +54.2%, which makes MSFX look 3.0 points short. 1.0 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. MSFX aims to return +2 times MSFT's move each day, then resets. MSFT moved at 43% annualized over that window.
Questions people ask
- Which came closer to its stated multiple, MSFC or MSFX?
- Over the window to Sep 11, 2026, MSFC finished 1.1 points from what its multiple implies and MSFX finished 3.0 points from its own, so MSFC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are MSFC and MSFX levered on the same thing?
- Yes. Both are levered on Microsoft, MSFC at +2 times and MSFX at +2 times the daily move.
- Which one decays faster, MSFC or MSFX?
- Decay follows how much the underlying moves about. Over this window MSFC’s moved at 21% annualized and MSFX’s at 43%, so MSFX has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold MSFC or MSFX for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
- Which is cheaper, MSFC or MSFX?
- MSFC charges 0.45% a year and MSFX charges 1.05%, so MSFC is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, MSFC against MSFX, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/MSFC-MSFX Free to use with attribution; the underlying files are at Open data.