{"url":"https://etfiq.com/compare/leverage/msfl-vs-msfx","section":"compare","title":"MSFL vs MSFX: which held to its multiple? | ETFIQ","description":"MSFL sets out to return +2 times MSFT each day and MSFX +2 times. Over the three months to Sep 30, 2026 they finished +0.8 pts and +1.0 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, MSFL or MSFX?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, MSFL finished 0.8 points from what its multiple implies and MSFX finished 1.0 points from its own, so MSFL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are MSFL and MSFX levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Microsoft, MSFL at +2 times and MSFX at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, MSFL or MSFX?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window MSFL\u2019s moved at 39% annualized and MSFX\u2019s at 39%, so MSFL has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold MSFL or MSFX for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, MSFL or MSFX?","acceptedAnswer":{"@type":"Answer","text":"MSFL charges 1.15% a year and MSFX charges 1.05%, so MSFX is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"MSFL vs MSFX","item":"https://etfiq.com/compare/leverage/msfl-vs-msfx"}]},{"@type":"WebPage","name":"MSFL vs MSFX: which held to its multiple?","description":"MSFL sets out to return +2 times MSFT each day and MSFX +2 times. Over the three months to Sep 30, 2026 they finished +0.8 pts and +1.0 pts away.","url":"https://etfiq.com/compare/leverage/msfl-vs-msfx","dateModified":"2026-09-30","abstract":"Over the days both have traded, MSFL finished 0.8 points from its stated multiple and MSFX 1.0.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of MSFL and MSFX","description":"MSFL sets out to return +2 times MSFT each day and MSFX +2 times. Over the three months to Sep 30, 2026 they finished +0.8 pts and +1.0 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/msfl-vs-msfx","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6522,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / MSFL vs MSFX \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n MSFL vs MSFX: which held to its multiple?\n\n Over the days both have traded, MSFL finished 0.8 points from its stated multiple and MSFX 1.0.\n Copy this for sharing \n \n GraniteShares 2x Long MSFT Daily ETF and T-REX 2X LONG MICROSOFT DAILY TARGET ETF.\n\n Download as PDF \n\n +68.3% MSFL returned, 3 months \n +68.4% MSFX returned, 3 months \n +0.8 pts MSFL from its stated multiple \n +1.0 pts MSFX from its stated multiple \n\n ETFIQ Decay Resistance Score: MSFX scores higher\n Did i","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/msfl-vs-msfx","a":{"ticker":"MSFL","name":"GraniteShares 2x Long MSFT Daily ETF","issuer":"GraniteShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: MSFL returned +68.3% where its own daily promise gave +72.9%, 4.6 points short.","url":"https://etfiq.com/funds/msfl","key_facts":[{"label":"What MSFT did","value":"+33.7%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+72.9%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+68.3%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22124.6 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$67m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.15%","as_of":"2026-09-30","source":"485BPOS XBRL, Oct 24, 2025"}]},"b":{"ticker":"MSFX","name":"T-REX 2X LONG MICROSOFT DAILY TARGET ETF","issuer":"T-REX","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: MSFX returned +68.4% where its own daily promise gave +72.9%, 4.5 points short.","url":"https://etfiq.com/funds/msfx","key_facts":[{"label":"What MSFT did","value":"+33.7%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+72.9%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+68.4%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22124.5 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$19m","as_of":"2026-09-30","source":"issuer page, as of Sep 29, 2026"},{"label":"Expense ratio","value":"1.05%","as_of":"2026-09-30","source":"485BPOS XBRL, Apr 30, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/msfl-vs-msfx"}