# MSFX (T-REX 2X LONG MICROSOFT DAILY TARGET ETF)

T-REX · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: MSFX returned +51.2% where its own daily promise gave +55.1%, 3.9 points short.

## Key facts

- MSFX, what MSFT did: +27.1%, as of Sep 11, 2026.
- MSFX, what +2 times a day gives: +55.1%, as of Sep 11, 2026.
- MSFX, what the fund returned: +51.2%, as of Sep 11, 2026.
- MSFX, the fund itself cost: −3.9 pts, as of Sep 11, 2026.
- MSFX, net assets: $29m (source, as filed for Jun 30, 2026).
- MSFX, expense ratio: 1.05% (485BPOS XBRL, Apr 30, 2026).

## MSFX over each window to Sep 11, 2026

| Window | Fund | MSFT | +2x the move | Difference | MSFT moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +0.5% | +0.8% | +1.7% | −1.2 pts | 21% |
| 3 months | +51.2% | +27.1% | +54.2% | −3.0 pts | 43% |
| 6 months | +40.9% | +25.8% | +51.6% | −10.7 pts | 38% |
| 1 year | −21.1% | −0.3% | −0.5% | −20.6 pts | 32% |
| Since launch | +2.8% | +31.6% | +63.2% | −60.4 pts | 27% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of MSFT, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.89 times, against +2 stated | ETFIQ |
| Underlying | MSFT | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $29m | source, as filed for Jun 30, 2026 |
| Expense ratio | 1.05% | 485BPOS XBRL, Apr 30, 2026 |
| Launched | Jan 11, 2024 | ETFIQ |
| Underlying volatility over the window | 43% annualized | ETFIQ |

## Questions

### Did MSFX return +2 times MSFT?

Over the window to Sep 11, 2026, MSFT moved +27.1% and MSFX returned +51.2%. 2 times that move is +54.2%, so the fund came out 3.0 points short of it.

### Why does MSFX not return +2 times over a year?

Because it resets daily. MSFX aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.

### Which +2x MSFT ETF tracked its stated multiple most closely?

4 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic.


## Cite this page

ETFIQ, MSFX, data as of Sep 11, 2026. https://etfiq.com/funds/MSFX
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/MSFX  ·  JSON: https://etfiq.com/funds/MSFX.json