- ISIN
- US25461A8669
- Issuer
- Direxion
- Inception Date
- Sep 6, 2022
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- Microsoft Corporation (200%)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mega-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $812M
Highlights
- Avg. Volume (1M)
- 8M
- Avg. Volume Value (1M)
- $210.49M
Share Price Chart
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Performance
MSFU Performance Chart
Direxion Daily MSFT Bull 2X Shares (MSFU) is down 18.9% since the beginning of the year. MSFU is currently trading at $33 per share.
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Returns By Period
Direxion Daily MSFT Bull 2X Shares (MSFU) has returned -18.87% so far this year and -34.49% over the past 12 months.
Direxion Daily MSFT Bull 2X Shares
- 1D
- 5.90%
- 1M
- 37.88%
- 6M
- 4.85%
- YTD
- -18.87%
- 1Y
- -34.49%
- 3Y*
- 3.90%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.80%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
MSFU Monthly Returns History
Based on dividend-adjusted daily data since Sep 7, 2022, MSFU's average daily return is +0.09%, while the average monthly return is +1.98%. At this rate, an investment would double in approximately 2.9 years.
Historically, 51% of months were positive and 49% were negative. The best month was Jul 2026 with a return of +50.4%, while the worst month was Jun 2026 at -32.8%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 6 months.
On a daily basis, MSFU closed higher 51% of trading days. The best single day was Jul 30, 2026 with a return of +30.2%, while the worst single day was Jan 29, 2026 at -20.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -22.63% | -17.74% | -12.32% | 19.43% | 20.41% | -32.80% | 50.43% | -18.87% | |||||
| 2025 | -4.74% | -9.23% | -12.00% | 7.58% | 34.54% | 16.01% | 13.83% | -10.52% | 3.35% | -1.07% | -10.46% | -4.85% | 13.36% |
| 2024 | 7.97% | 5.66% | 1.96% | -15.64% | 12.87% | 14.72% | -13.58% | -1.44% | 5.21% | -11.80% | 7.60% | -2.10% | 5.80% |
| 2023 | 4.37% | 0.52% | 23.35% | 9.23% | 10.21% | 4.50% | -2.60% | -4.10% | -5.87% | 10.02% | 18.28% | -1.73% | 83.04% |
| 2022 | -14.53% | -2.00% | 14.09% | -9.24% | -13.28% |
Benchmark Metrics
Direxion Daily MSFT Bull 2X Shares has an annualized alpha of -10.54%, beta of 1.91, and R2 of 0.38 versus S&P 500 Index. Calculated based on daily prices since September 07, 2022.
- This ETF participated in 181.68% of S&P 500 Index downside but only 144.37% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.38 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -10.54%
- Beta
- 1.91
- R²
- 0.38
- Upside Capture
- 144.37%
- Downside Capture
- 181.68%
Expense Ratio
MSFU has a high expense ratio of 0.98%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MSFU ranks 5 for risk / return — above 5% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Direxion Daily MSFT Bull 2X Shares (MSFU) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MSFU | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.61 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.25 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 2.00 | -2.59 |
| Martin ratioReturn relative to average drawdown | -0.98 | 8.49 | -9.47 |
Dividends
Dividend History
Direxion Daily MSFT Bull 2X Shares provided a 9.13% dividend yield over the last twelve months, with an annual payout of $3.03 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $3.03 | $3.38 | $2.76 | $0.84 | $0.12 |
Dividend yield | 9.13% | 8.15% | 7.00% | 2.11% | 0.54% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily MSFT Bull 2X Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.14 | $0.00 | $0.27 | |||||
| 2025 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $2.57 | $3.38 |
| 2024 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $1.76 | $2.76 |
| 2023 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.30 | $0.84 |
| 2022 | $0.01 | $0.00 | $0.00 | $0.11 | $0.12 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Direxion Daily MSFT Bull 2X Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Direxion Daily MSFT Bull 2X Shares was 62.43%, occurring on Jun 25, 2026. The portfolio has not yet recovered.
The current Direxion Daily MSFT Bull 2X Shares drawdown is 37.20%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-62.43%Jun 2026 | 10mo 24d | — | 12mo 3dAug 2025 - now | — |
-48.11%Apr 2025 | 9mo 4d | 3mo 8d | 1y 7dJul 2024 - Jul 2025 | 2025 selloff2025 |
-29.17%Nov 2022 | 1mo 21d | 4mo 13d | 6mo 4dSep 2022 - Mar 2023 | Bear market2022 |
-20.16%Sep 2023 | 2mo 9d | 1mo 15d | 3mo 24dJul 2023 - Nov 2023 | — |
-18.48%Apr 2024 | 1mo 9d | 1mo 13d | 2mo 22dMar 2024 - Jun 2024 | — |
Drawdown Indicators
| MSFU | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.43% | -56.78% | -5.65% |
Max Drawdown (1Y)Largest decline over 1 year | -62.43% | -9.10% | -53.33% |
Max Drawdown (3Y)Largest decline over 3 years | -62.43% | -18.90% | -43.53% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -37.20% | -1.58% | -35.62% |
Average DrawdownAverage peak-to-trough decline | -18.02% | -10.70% | -7.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.69% | 2.14% | +35.55% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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