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Launched · SEC filings

T-Rex 2X Long Microsoft Daily Target ETF

MSFXCboeRexsharesCThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$25.05−1.69 (−6.32%)

As of Nov 2, 2026, 3:59 PM ET

C50/ 100

Rank 85 of 380 in Single-Stock Long Leveraged

C50/100Rank 85 of 380inSingle-Stock Long Leveraged
Intraday session: down, 78 prints from 26.74 to 25.05. Range 25.05 to 27.39. Use the arrow keys to read each point.25.5026.0027.0027.5010 AM12 PM2 PM4 PM
Expense ratio
1.05%
Fund size
$17M
1Y total return
−18.6%
Yield · Last 12 months
No data
Holdings
2
Avg volume · 30D
227K sh
52W range
low $12.90high $36.02
Launched
Filings
SEC EDGAR

The ETF.net MSFX Grade

Based on 5 of 6 pillars

C

Score 50 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
85 of 380
Six-pillar profile for MSFX. Scores out of 100: Cost 42, Risk 55, Mission 71, Tradability 55, Holdings not scored, Durability 70. Strongest: Mission (71). Weakest: Cost (42). Based on 5 of 6 pillars.

Score 50 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C42 out of 100
    Rank 215 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A71 out of 100
    Rank 133 of 150

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B55 out of 100
    Rank 144 of 368

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B55 out of 100
    Rank 158 of 380

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A70 out of 100
    Rank 60 of 380

Our read on MSFX

ETF.net Research

In short

COne job, done at double speed: MSFX aims for about twice Microsoft's daily move, then resets the clock every night. A 2024 T-Rex launch for traders who want geared MSFT in a plain brokerage account, measured in days rather than years.

Stated mandate

The Fund seeks to deliver approximately twice the daily performance of Microsoft Corp.'s publicly traded common stock, before fees and expenses. Results over periods longer than one trading day may differ because of daily compounding.

Why people hold it

  • The mandate fits on a napkin: roughly twice Microsoft's daily move, before fees. No stock picking, no options overlay, no manager discretion.
  • Since its January 2024 launch it has stayed close to that daily target, which puts it in the upper half of a crowded bullish single-stock leveraged field.
  • Geared exposure inside a 1940 Act fund: no margin account, no borrowing, no margin call on the position, and it trades like any other ETF ticket.

Worth knowing

  • Daily reset means compounding. Hold longer than a day and results can drift from twice Microsoft's move over that stretch, with choppy tape widening the gap.
  • The ride runs 1.05% a year, a notch above the peer midpoint and above the cheapest 2x single-stock lineups such as ASMG and AMDG.
  • One company, doubled. A Microsoft earnings gap or headline lands here at twice the force, with no other holdings to soften it.

MSFX Performance

Launched Jan 11, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
MSFX$8,140
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. MSFX $8,140. SPY $11,199. Use the arrow keys to read each point.$5,000$7,500$10,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for MSFX. Periods over one year show the average yearly return.
PeriodMSFX
Year to date−2.2%
1 month+2.1%
3 months+22.0%
1 year−18.6%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MSFX
YearReturn barMSFX
2026 YTD−2.2%
2025+9.8%
2024+3.8%

Since listing, Jan 11, 2024

MSFX in the news

MSFX Dividends

Last payment
$1.46 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 24, 2025 $1.46. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 24, 2025Dec 26, 2025$1.46

$10,000 in MSFX 1 year ago paid $423 in dividends.

MSFX Risk

Risk pillarB55 out of 100Rank 144 of 368 in Single-Stock Long Leveraged

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
57.8%
Annualised · 33 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.22
vs 3-month T-bills · 33 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−63.6%
33 months · trough Jun 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
2.70
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

MSFX Cost

Compare MSFX and GOGL

Overpaying vs GOGL, tied cheapest in Single-Stock Long Leveraged

$15,340

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MSFX 1.05%

    $19,495

  • GOGL 0.20% Tied cheapest

    $4,155

$10,000
30 years

Cost over time

  • MSFX 1.05%
  • GOGL 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530MSFX $19,495GOGL $4,155

Year by year

YearMSFXGOGLOverpaying
10$1,847$365$1,482
20$6,927$1,421$5,506
30$19,495$4,155$15,340

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