AVS vs MSFD
Direxion Daily AVGO Bear 1X ETF vs Direxion Daily MSFT Bear 1X ETF
Which is better, AVS or MSFD?
MSFD has been ahead.
MSFD has a lower expense ratio. MSFD led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AVS | MSFD |
|---|---|---|
| Expense Ratio | 1.03% | 1.02%Best |
| AUM | $14M | $8M |
| Dividend Yield | 3.26% | 4.17% |
| Holdings | 16 | 6 |
| YTD Return | -10.04%Best | -16.44% |
| 1Y Return | -14.28% | -9.00%Best |
| 3Y Return (annualized) | - | -15.33% |
| Volatility (annualized) | 45.5% | 31.0%Best |
| Max Drawdown | -76.6% | -38.5%Best |
| $10,000 over 2 years | $3,575 | $7,339Best |
| Fund Family | Direxion Shares ETF Trust | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Trading-Inverse Equity | Trading-Inverse Equity |
| Inception | Oct 10, 2024 | Sep 7, 2022 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Oct 10, 2024 to Oct 14, 2026 (2 years).
AVS vs MSFD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2 years both funds cover.
AVS vs MSFD Performance
Direxion Daily AVGO Bear 1X ETF (AVS) is an ETF from Direxion Shares ETF Trust and Direxion Daily MSFT Bear 1X ETF (MSFD) is an ETF from Direxion Shares ETF Trust. Over the past year AVS returned -14.28% while MSFD returned -9.00%. Year to date, AVS is down 10.04% versus a loss of 16.44% for MSFD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVS has been the more volatile fund, with annualized monthly volatility of 45.5% compared with 31.0% for MSFD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -76.6% for AVS and -38.5% for MSFD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.47. They move together some of the time, and apart the rest.
Fees and Cost Over Time
AVS charges 1.03% per year while MSFD charges 1.02%. On a $10,000 position that is $103 vs $102 annually, a gap of $1 per year that compounds over a long holding period. On income, AVS currently yields 3.26% against 4.17% for MSFD.
Holdings Overlap
We hold position weights for 3 holdings in AVS and 3 in MSFD, totalling 116.4% and 108.3% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 3 positions appear in both.
3 positions in common, counted across the 3 positions we hold weights for in AVS and 3 in MSFD, against full books of 16 and 6.
You are not choosing between two funds in isolation.
Whichever of AVS and MSFD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AVS or MSFD?
AVS has an expense ratio of 1.03% while MSFD charges 1.02%. MSFD is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, AVS or MSFD?
Over the past year AVS returned -14.28% vs -9.00% for MSFD, so MSFD leads on 1-year performance. Over the longest common window we track (2 years), AVS annualized -40.21% vs -14.33% for MSFD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AVS or MSFD?
AVS has been the more volatile fund at 45.5% annualized versus 31.0% for MSFD. Worst drawdown: AVS -76.6% vs MSFD -38.5%.
Should I hold both AVS and MSFD?
AVS and MSFD have a monthly-return correlation of 0.47, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, AVS or MSFD?
AVS yields 3.26% while MSFD yields 4.17%, so MSFD currently pays the higher dividend yield.
Is MSFD better than AVS?
MSFD has a lower expense ratio. MSFD led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.