MSFD vs SDS
Direxion Daily MSFT Bear 1X ETF vs ProShares UltraShort S&P500
Which is better, MSFD or SDS?
MSFD has been ahead.
SDS has a lower expense ratio. MSFD led over 1Y, 3Y 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 | MSFD | SDS |
|---|---|---|
| Expense Ratio | 1.02% | 0.91%Best |
| AUM | $8M | $348M |
| Dividend Yield | 4.17% | 5.19% |
| Holdings | 6 | 20 |
| YTD Return | -16.44%Best | -19.15% |
| 1Y Return | -9.00%Best | -23.19% |
| 3Y Return (annualized) | -15.33%Best | -29.75% |
| 5Y Return (annualized) | - | -20.88% |
| Volatility (annualized) | 25.7% | 25.0%Best |
| Max Drawdown | -62.1%Best | -77.1% |
| $10,000 over 4.1 years | $4,537Best | $2,911 |
| Fund Family | Direxion Shares ETF Trust | ProShares |
| Category | Alternative | Alternative |
| Style | Trading-Inverse Equity | Trading-Inverse Equity |
| Inception | Sep 7, 2022 | Jul 11, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.1 years row, are measured over the window both funds cover: Sep 8, 2022 to Oct 14, 2026 (4.1 years).
MSFD vs SDS 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 4.1 years both funds cover.
MSFD vs SDS Performance
Direxion Daily MSFT Bear 1X ETF (MSFD) is an ETF from Direxion Shares ETF Trust and ProShares UltraShort S&P500 (SDS) is an ETF from ProShares. Over the past year MSFD returned -9.00% while SDS returned -23.19%. Year to date, MSFD is down 16.44% versus a loss of 19.15% for SDS.
Over three years, MSFD compounded at -15.33% per year against -29.75% for SDS. Across the full 4-year window we track, MSFD has the edge at -17.53% annualized vs -25.99%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MSFD has been the more volatile fund, with annualized monthly volatility of 25.7% compared with 25.0% for SDS. 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 -62.1% for MSFD and -77.1% for SDS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.53. They move together some of the time, and apart the rest.
Fees and Cost Over Time
MSFD charges 1.02% per year while SDS charges 0.91%. On a $10,000 position that is $102 vs $91 annually, a gap of $11 per year that compounds over a long holding period. On income, MSFD currently yields 4.17% against 5.19% for SDS.
Holdings Overlap
We hold position weights for 3 holdings in MSFD and 1 in SDS, totalling 108.3% and 93.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 3 positions we hold weights for in MSFD and 1 in SDS, against full books of 6 and 20.
You are not choosing between two funds in isolation.
Whichever of MSFD and SDS 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, MSFD or SDS?
MSFD has an expense ratio of 1.02% while SDS charges 0.91%. SDS is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, MSFD or SDS?
Over the past year MSFD returned -9.00% vs -23.19% for SDS, so MSFD leads on 1-year performance. Over the longest common window we track (4 years), MSFD annualized -17.53% vs -25.99% for SDS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MSFD or SDS?
MSFD has been the more volatile fund at 25.7% annualized versus 25.0% for SDS. Worst drawdown: MSFD -62.1% vs SDS -77.1%.
Should I hold both MSFD and SDS?
MSFD and SDS have a monthly-return correlation of 0.53, 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, MSFD or SDS?
MSFD yields 4.17% while SDS yields 5.19%, so SDS currently pays the higher dividend yield.
Is SDS better than MSFD?
SDS has a lower expense ratio. MSFD led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.