MSFD vs. KRMA
MSFD (Direxion Daily MSFT Bear 1X Shares) and KRMA (Global X Conscious Companies ETF) are both exchange-traded funds - MSFD is a Inverse Equities fund tracking the Microsoft Corporation (-100%), while KRMA is a Large Cap Growth Equities fund tracking the Concinnity Conscious Companies Index GTR Index. Both are passively managed. Over the past 3 years, MSFD returned -3.82%/yr vs 16.75%/yr for KRMA. At a correlation of -0.61, they often move in opposite directions. MSFD charges 1.06%/yr vs 0.43%/yr for KRMA.
Performance
MSFD vs. KRMA - Performance Comparison
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Returns By Period
In the year-to-date period, MSFD achieves a 19.79% return, which is significantly higher than KRMA's 10.58% return.
MSFD
- 1D
- -1.53%
- 1M
- -0.73%
- 6M
- 18.10%
- YTD
- 19.79%
- 1Y
- 25.82%
- 3Y*
- -3.82%
- 5Y*
- —
- 10Y*
- —
KRMA
- 1D
- -0.32%
- 1M
- 1.46%
- 6M
- 8.62%
- YTD
- 10.58%
- 1Y
- 20.02%
- 3Y*
- 16.75%
- 5Y*
- 9.94%
- 10Y*
- 13.65%
MSFD vs. KRMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MSFD Direxion Daily MSFT Bear 1X Shares | 19.79% | -13.36% | -7.86% | -35.90% | 3.88% |
KRMA Global X Conscious Companies ETF | 10.58% | 13.98% | 18.12% | 22.08% | 0.20% |
Correlation
The correlation between MSFD and KRMA is -0.47, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.56 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2022 | -0.61 |
The correlation between MSFD and KRMA shifts across timeframes, from -0.61 (all time) to -0.47 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MSFD vs. KRMA — Risk / Return Rank
MSFD
KRMA
MSFD vs. KRMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MSFT Bear 1X Shares (MSFD) and Global X Conscious Companies ETF (KRMA). 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.
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.
| MSFD | KRMA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.28 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 2.33 | -1.22 |
| Martin ratioReturn relative to average drawdown | 3.58 | 8.58 | -5.00 |
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Drawdowns
MSFD vs. KRMA - Drawdown Comparison
The maximum MSFD drawdown since its inception was -59.90%, which is greater than KRMA's maximum drawdown of -36.16%. Use the drawdown chart below to compare losses from any high point for MSFD and KRMA.
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Drawdown Indicators
| MSFD | KRMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.90% | -36.16% | -23.74% |
Max Drawdown (1Y)Largest decline over 1 year | -23.25% | -8.62% | -14.63% |
Max Drawdown (3Y)Largest decline over 3 years | -40.50% | -19.41% | -21.09% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.16% | — |
Current DrawdownCurrent decline from peak | -45.97% | -2.11% | -43.86% |
Average DrawdownAverage peak-to-trough decline | -41.64% | -4.90% | -36.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.23% | 2.34% | +4.89% |
Volatility
MSFD vs. KRMA - Volatility Comparison
Direxion Daily MSFT Bear 1X Shares (MSFD) has a higher volatility of 10.57% compared to Global X Conscious Companies ETF (KRMA) at 3.27%. This indicates that MSFD's price experiences larger fluctuations and is considered to be riskier than KRMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSFD | KRMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.57% | 3.27% | +7.30% |
Volatility (6M)Calculated over the trailing 6-month period | 23.99% | 10.01% | +13.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.34% | 12.72% | +14.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.39% | 17.24% | +9.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.39% | 18.47% | +7.92% |
MSFD vs. KRMA - Expense Ratio Comparison
MSFD has a 1.06% expense ratio, which is higher than KRMA's 0.43% expense ratio.
Dividends
MSFD vs. KRMA - Dividend Comparison
MSFD's dividend yield for the trailing twelve months is around 3.30%, more than KRMA's 2.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
KRMA Global X Conscious Companies ETF | 2.38% | 2.59% | 0.91% | 1.16% | 0.86% | 1.07% | 0.96% | 1.52% | 1.82% | 1.21% | 0.96% |
MSFD Direxion Daily MSFT Bear 1X Shares | 3.30% | 3.33% | 4.46% | 4.43% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MSFD and KRMA have a correlation of -0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFD has higher volatility (10.57%) compared to KRMA (3.27%). In terms of maximum drawdown, MSFD dropped -59.90% vs KRMA's -36.16%.
On 3-year performance, KRMA leads with 16.75% vs -3.82% for MSFD. On fees, KRMA is cheaper at 0.43% per year. On volatility, KRMA has been the lower-risk option at 3.27%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, KRMA has performed better with a 16.75% return vs -3.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KRMA is cheaper with a 0.43% expense ratio, compared with 1.06% for MSFD.
MSFD has the higher dividend yield at 3.30%, compared with 2.38% for KRMA.
MSFD is categorized as Inverse Equities, while KRMA is Large Cap Growth Equities. MSFD tracks Microsoft Corporation (-100%), while KRMA tracks Concinnity Conscious Companies Index GTR Index. They also come from different issuers: Direxion and Global X. Their fees differ too: 1.06% for MSFD and 0.43% for KRMA.
KRMA currently has the higher Sharpe Ratio (1.58 vs 0.95), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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