MSFW vs TDAX

MSFWBRoundhill MSFT WeeklyPay ETF

TDAXCTDAQ Lift ETF

In short

MSFW Most leveraged single-stock funds reset daily at 2x. MSFW dials it down: 1.2 times Microsoft's calendar-week total return, a payout every week, 1.00% with no fee waiver.

TDAX Leverage with the volume turned down. TDAX aims for 130% of the daily move of TappAlpha's Nasdaq-100 daily-call income ETF, and it pays monthly. Fee is 0.97% net of a waiver through April 30, 2028, against 1.59% gross.

Stated mandate

MSFW MSFW seeks to provide weekly distributions and calendar-week returns, before fees and expenses, equal to 1.2 times the calendar-week total return of Microsoft common shares.

TDAX The fund seeks daily leveraged investment results by magnifying 130% of the daily performance of the TappAlpha Innovation 100 Growth & Daily Income ETF.

Why people hold it

• MSFW Leverage resets by calendar week, not daily. Hold it a full week and you get the 1.2x target; the day-by-day compounding drift of daily-reset funds is not the mechanism here.roundhillinvestments.com
• 1.2x is a gentler dial than the 2x single-stock crowd: 20% more Microsoft, up weeks and down weeks alike.roundhillinvestments.com
• Weekly distributions are the fund's primary stated objective, with the 1.2x weekly return second. The schedule is the point, not a side effect.roundhillinvestments.com
• At 1.00%, no fee waiver, it sits near its category median and matches Roundhill siblings AAPW and AMDW at 1.00%, and it has stayed close to its stated weekly target.

• TDAX The multiple is 130%, not 200% or 300%. Same daily-reset machinery as the 2x and 3x crowd, dialed to a gentler setting.sec.gov
• It levers a basket, not a single name: TDAQ holds Nasdaq-100 exposure and writes same-day calls, so one earnings miss doesn't own the whole trade.tappalphafunds.com
• At 0.97% net of a waiver through April 30, 2028, it sits under single-stock income peers AAPW and MSFW at 1.00% and TSYX at 0.98%, and near the category's typical fee.
• Distributions arrive monthly, carried up from the income engine underneath.tappalphafunds.com

Worth knowing

• MSFW Roundhill expects a significant share of the weekly payout to be return of capital: your own money back, trimming cost basis rather than adding income.roundhillinvestments.com
• The 1.2x works both ways, amplifying down weeks by about 20%, and the fund takes no defensive positions when Microsoft slides.roundhillinvestments.com
• A 2025 launch that still trades thinly next to mainstream single-stock funds, so limit orders help. Exposure runs through total return swaps, which carry counterparty risk.roundhillinvestments.com

• TDAX Exposure resets each close. Over longer stretches your result is compounded daily moves, which the prospectus says will very likely differ from 130% of TDAQ's return.sec.gov
• TDAQ sells calls expiring the same day, which trims how much of a big up-move passes through. TDAX magnifies what's left, not the index's full move.tappalphafunds.com
• The 0.97% is net of a waiver running to April 30, 2028; the stated gross figure is 1.59%. Launched January 2026, so the live record is short.

Full MSFW profile⁠

Full TDAX profile⁠