BEZ vs. MSFD

Last updated Jun 6, 2026

BEZ (Tradr 2X Short BE Daily ETF) and MSFD (Direxion Daily MSFT Bear 1X Shares) are both Inverse Equities funds - BEZ tracks the Bloom Energy Corporation (BE) while MSFD tracks the Microsoft Corporation (-100%). Both are passively managed. At a 0.02 correlation, their price movements are largely independent. BEZ charges 1.49%/yr vs 1.06%/yr for MSFD.

Performance

BEZ vs. MSFD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Short BE Daily ETF (BEZ) and Direxion Daily MSFT Bear 1X Shares (MSFD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BEZ

• 1D: 19.75%
• 1M: -5.14%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSFD

• 1D: 2.74%
• 1M: -1.55%
• YTD: 13.15%
• 6M: 13.29%
• 1Y: 10.90%
• 3Y*: -6.61%
• 5Y*: —
• 10Y*: —

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

BEZ vs. MSFD - Yearly Performance Comparison

	2026 (YTD)
BEZ Tradr 2X Short BE Daily ETF	-91.00%
MSFD Direxion Daily MSFT Bear 1X Shares	-4.13%

Correlation

The correlation between BEZ and MSFD is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 12, 2026	0.02

Return for Risk

BEZ vs. MSFD — Risk / Return Rank

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

MSFD

MSFD Risk / Return Rank: 17
MSFD Sharpe Ratio Rank: 16
MSFD Sortino Ratio Rank: 18
MSFD Omega Ratio Rank: 18
MSFD Calmar Ratio Rank: 15
MSFD Martin Ratio Rank: 16

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.

BEZ vs. MSFD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Short BE Daily ETF (BEZ) and Direxion Daily MSFT Bear 1X Shares (MSFD). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BEZ	MSFD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.45	-0.49	+0.04

Drawdowns

BEZ vs. MSFD - Drawdown Comparison

The maximum BEZ drawdown since its inception was -94.19%, which is greater than MSFD's maximum drawdown of -59.90%. Use the drawdown chart below to compare losses from any high point for BEZ and MSFD.

Drawdown Indicators

	BEZ	MSFD	Difference
Max Drawdown Largest peak-to-trough decline	-94.19%	-59.90%	-34.29%
Max Drawdown (1Y) Largest decline over 1 year	—	-23.25%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-40.50%	—
Current Drawdown Current decline from peak	-92.58%	-48.97%	-43.61%
Average Drawdown Average peak-to-trough decline	-60.62%	-41.61%	-19.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.22%	—

Volatility

Volatility by Period

	BEZ	MSFD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	22.07%	—
Volatility (1Y) Calculated over the trailing 1-year period	224.98%	25.46%	+199.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	224.98%	26.16%	+198.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	224.98%	26.16%	+198.82%

BEZ vs. MSFD - Expense Ratio Comparison

BEZ has a 1.49% expense ratio, which is higher than MSFD's 1.06% expense ratio.

Dividends

BEZ vs. MSFD - Dividend Comparison

BEZ has not paid dividends to shareholders, while MSFD's dividend yield for the trailing twelve months is around 2.76%.

Position	TTM	2025	2024	2023	2022
BEZ Tradr 2X Short BE Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%
MSFD Direxion Daily MSFT Bear 1X Shares	2.76%	3.33%	4.46%	4.43%	0.74%

Frequently Asked Questions

Can I hold both BEZ and MSFD in my portfolio?

BEZ and MSFD have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BEZ or MSFD?

On fees, MSFD is cheaper at 1.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BEZ or MSFD?

MSFD is cheaper with a 1.06% expense ratio, compared with 1.49% for BEZ.

Which ETF pays a higher dividend yield, BEZ or MSFD?

MSFD has the higher dividend yield at 2.76%, compared with 0.00% for BEZ.

What is the main difference between BEZ and MSFD?

BEZ tracks Bloom Energy Corporation (BE), while MSFD tracks Microsoft Corporation (-100%). They also come from different issuers: Tradr and Direxion. Their fees differ too: 1.49% for BEZ and 1.06% for MSFD.