MSFD vs SPXS
Direxion Daily MSFT Bear 1X ETF vs Direxion Daily S&P 500 Bear 3X ETF
Which is better, MSFD or SPXS?
MSFD has been ahead.
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 | SPXS |
|---|---|---|
| Expense Ratio | 1.02%Tie | 1.02%Tie |
| AUM | $8M | $336M |
| Dividend Yield | 4.17% | 4.64% |
| Holdings | 6 | 22 |
| YTD Return | -16.44%Best | -29.24% |
| 1Y Return | -9.00%Best | -35.00% |
| 3Y Return (annualized) | -15.33%Best | -43.34% |
| 5Y Return (annualized) | - | -33.13% |
| Volatility (annualized) | 25.7%Best | 37.4% |
| Max Drawdown | -62.1%Best | -90.8% |
| $10,000 over 4.1 years | $4,537Best | $1,298 |
| Fund Family | Direxion Shares ETF Trust | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Trading-Inverse Equity | Trading-Inverse Equity |
| Inception | Sep 7, 2022 | Nov 5, 2008 |
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 SPXS 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 SPXS Performance
Direxion Daily MSFT Bear 1X ETF (MSFD) is an ETF from Direxion Shares ETF Trust and Direxion Daily S&P 500 Bear 3X ETF (SPXS) is an ETF from Direxion Shares ETF Trust. Over the past year MSFD returned -9.00% while SPXS returned -35.00%. Year to date, MSFD is down 16.44% versus a loss of 29.24% for SPXS.
Over three years, MSFD compounded at -15.33% per year against -43.34% for SPXS. Across the full 4-year window we track, MSFD has the edge at -17.53% annualized vs -39.23%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPXS has been the more volatile fund, with annualized monthly volatility of 37.4% compared with 25.7% 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 -62.1% for MSFD and -90.8% for SPXS. 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 SPXS charges 1.02%. On a $10,000 position that is $102 vs $102 annually. On income, MSFD currently yields 4.17% against 4.64% for SPXS.
Holdings Overlap
We hold position weights for 3 holdings in MSFD and 3 in SPXS, totalling 108.3% and 89.9% 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 MSFD and 3 in SPXS, against full books of 6 and 22.
You are not choosing between two funds in isolation.
Whichever of MSFD and SPXS 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 SPXS?
MSFD has an expense ratio of 1.02% while SPXS charges 1.02%. At the precision these are quoted to, they cost the same.
Which performed better, MSFD or SPXS?
Over the past year MSFD returned -9.00% vs -35.00% for SPXS, so MSFD leads on 1-year performance. Over the longest common window we track (4 years), MSFD annualized -17.53% vs -39.23% for SPXS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MSFD or SPXS?
SPXS has been the more volatile fund at 37.4% annualized versus 25.7% for MSFD. Worst drawdown: MSFD -62.1% vs SPXS -90.8%.
Should I hold both MSFD and SPXS?
MSFD and SPXS 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 SPXS?
MSFD yields 4.17% while SPXS yields 4.64%, so SPXS currently pays the higher dividend yield.
Is SPXS better than MSFD?
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.