APLY vs. MSFU

Last updated Apr 1, 2026

Compare and contrast key facts about YieldMax AAPL Option Income Strategy ETF (APLY) and Direxion Daily MSFT Bull 2X Shares (MSFU).

APLY and MSFU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. APLY is an actively managed fund by YieldMax. It was launched on Apr 17, 2023. MSFU is a passively managed fund by Direxion that tracks the performance of the Microsoft Corporation (150%). It was launched on Sep 6, 2022.

Performance

APLY vs. MSFU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax AAPL Option Income Strategy ETF (APLY) and Direxion Daily MSFT Bull 2X Shares (MSFU). The values are adjusted to include any dividend payments, if applicable.

APLY vs. MSFU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
APLY YieldMax AAPL Option Income Strategy ETF	-5.57%	4.69%	18.62%	11.44%
MSFU Direxion Daily MSFT Bull 2X Shares	-44.20%	13.36%	5.80%	42.00%

Returns By Period

In the year-to-date period, APLY achieves a -5.57% return, which is significantly higher than MSFU's -44.20% return.

APLY

• 1D: 3.07%
• 1M: -2.08%
• YTD: -5.57%
• 6M: -0.24%
• 1Y: 10.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSFU

• 1D: 6.23%
• 1M: -12.32%
• YTD: -44.20%
• 6M: -52.96%
• 1Y: -16.87%
• 3Y*: -1.81%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

APLY vs. MSFU - Expense Ratio Comparison

APLY has a 0.99% expense ratio, which is lower than MSFU's 1.04% expense ratio.

MSFU

Direxion Daily MSFT Bull 2X Shares

APLY

YieldMax AAPL Option Income Strategy ETF

Return for Risk

APLY vs. MSFU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

APLY

APLY Risk / Return Rank: 26
APLY Sharpe Ratio Rank: 24
APLY Sortino Ratio Rank: 27
APLY Omega Ratio Rank: 28
APLY Calmar Ratio Rank: 26
APLY Martin Ratio Rank: 26

MSFU

MSFU Risk / Return Rank: 7
MSFU Sharpe Ratio Rank: 6
MSFU Sortino Ratio Rank: 8
MSFU Omega Ratio Rank: 8
MSFU Calmar Ratio Rank: 7
MSFU Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

APLY vs. MSFU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax AAPL Option Income Strategy ETF (APLY) and Direxion Daily MSFT Bull 2X Shares (MSFU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	APLY	MSFU	Difference
Sharpe ratio Return per unit of total volatility	0.37	-0.32	+0.69
Sortino ratio Return per unit of downside risk	0.73	-0.12	+0.86
Omega ratio Gain probability vs. loss probability	1.11	0.98	+0.12
Calmar ratio Return relative to maximum drawdown	0.56	-0.31	+0.87
Martin ratio Return relative to average drawdown	1.93	-0.78	+2.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

APLY vs. MSFU - Sharpe Ratio Comparison

The current APLY Sharpe Ratio is 0.37, which is higher than the MSFU Sharpe Ratio of -0.32. The chart below compares the historical Sharpe Ratios of APLY and MSFU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	APLY	MSFU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.37	-0.32	+0.69
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.04	+0.41

Correlation

The correlation between APLY and MSFU is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

APLY vs. MSFU - Dividend Comparison

APLY's dividend yield for the trailing twelve months is around 38.63%, more than MSFU's 14.18% yield.

	TTM	2025	2024	2023	2022
APLY YieldMax AAPL Option Income Strategy ETF	38.63%	36.38%	24.95%	14.36%	0.00%
MSFU Direxion Daily MSFT Bull 2X Shares	14.18%	8.15%	7.00%	2.11%	0.54%

Drawdowns

APLY vs. MSFU - Drawdown Comparison

The maximum APLY drawdown since its inception was -30.41%, smaller than the maximum MSFU drawdown of -59.83%. Use the drawdown chart below to compare losses from any high point for APLY and MSFU.

Drawdown Indicators

	APLY	MSFU	Difference
Max Drawdown Largest peak-to-trough decline	-30.41%	-59.83%	+29.42%
Max Drawdown (1Y) Largest decline over 1 year	-21.07%	-59.83%	+38.76%
Current Drawdown Current decline from peak	-8.85%	-56.80%	+47.95%
Average Drawdown Average peak-to-trough decline	-7.14%	-15.00%	+7.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.05%	23.86%	-17.81%

Volatility

APLY vs. MSFU - Volatility Comparison

The current volatility for YieldMax AAPL Option Income Strategy ETF (APLY) is 4.88%, while Direxion Daily MSFT Bull 2X Shares (MSFU) has a volatility of 13.10%. This indicates that APLY experiences smaller price fluctuations and is considered to be less risky than MSFU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APLY	MSFU	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.88%	13.10%	-8.22%
Volatility (6M) Calculated over the trailing 6-month period	12.60%	39.28%	-26.68%
Volatility (1Y) Calculated over the trailing 1-year period	26.93%	52.78%	-25.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.16%	45.15%	-23.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.16%	45.15%	-23.99%