MSFD vs. MSFT
MSFD (Direxion Daily MSFT Bear 1X Shares) is Inverse Equities fund tracking the Microsoft Corporation (-100%), while MSFT (Microsoft Corporation) is a stock. Over the past 3 years, MSFD returned -10.70%/yr vs 12.25%/yr for MSFT. Their -1.00 correlation means they have often moved in opposite directions in the past.
Performance
MSFD vs. MSFT - Performance Comparison
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Returns By Period
In the year-to-date period, MSFD achieves a -1.78% return, which is significantly higher than MSFT's -3.48% return.
MSFD
- 1D
- -2.88%
- 1M
- -18.05%
- 6M
- -11.78%
- YTD
- -1.78%
- 1Y
- 7.40%
- 3Y*
- -10.70%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -15.36%
MSFT
- 1D
- 3.02%
- 1M
- 19.01%
- 6M
- 8.48%
- YTD
- -3.48%
- 1Y
- -10.62%
- 3Y*
- 12.25%
- 5Y*
- 11.19%
- 10Y*
- 24.97%
- ALL TIME*
- 25.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $21.45M | $15.41M | $22.03M | |
| $17.39B | $14.79B | $16.23B |
MSFD vs. MSFT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MSFD Direxion Daily MSFT Bear 1X Shares | -1.78% | -13.36% | -7.86% | -35.90% | 3.88% |
MSFT Microsoft Corporation | -3.48% | 15.58% | 12.93% | 58.19% | -5.04% |
Correlation
The correlation between MSFD and MSFT is -1.00, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -1.00 |
Correlation (3Y) Balances recent behavior with more history. | -1.00 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2022 | -1.00 |
The correlation between MSFD and MSFT has been stable across timeframes, ranging from -1.00 to -1.00 - a consistent structural relationship.
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Return for Risk
MSFD vs. MSFT — Risk / Return Rank
MSFD
MSFT
MSFD vs. MSFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MSFT Bear 1X Shares (MSFD) and Microsoft Corporation (MSFT). 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 | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.95 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | -0.35 | +0.71 |
| Martin ratioReturn relative to average drawdown | 1.20 | -0.63 | +1.83 |
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Drawdowns
MSFD vs. MSFT - Drawdown Comparison
The maximum MSFD drawdown since its inception was -59.90%, smaller than the maximum MSFT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for MSFD and MSFT.
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Drawdown Indicators
| MSFD | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.90% | -69.38% | +9.48% |
Max Drawdown (1Y)Largest decline over 1 year | -26.54% | -34.50% | +7.96% |
Max Drawdown (3Y)Largest decline over 3 years | -40.50% | -34.50% | -6.00% |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.15% | — |
Current DrawdownCurrent decline from peak | -55.70% | -13.73% | -41.97% |
Average DrawdownAverage peak-to-trough decline | -41.72% | -21.80% | -19.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.87% | 19.35% | -11.48% |
Volatility
MSFD vs. MSFT - Volatility Comparison
Direxion Daily MSFT Bear 1X Shares (MSFD) has a higher volatility of 18.10% compared to Microsoft Corporation (MSFT) at 15.97%. This indicates that MSFD's price experiences larger fluctuations and is considered to be riskier than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSFD | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.10% | 15.97% | +2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 27.83% | 26.41% | +1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.03% | 31.93% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.55% | 28.00% | -0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.55% | 27.62% | -0.07% |
Dividends
MSFD vs. MSFT - Dividend Comparison
MSFD's dividend yield for the trailing twelve months is around 4.02%, more than MSFT's 0.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSFD Direxion Daily MSFT Bear 1X Shares | 4.02% | 3.33% | 4.46% | 4.43% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MSFT Microsoft Corporation | 0.77% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
Frequently Asked Questions
MSFD and MSFT have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFD has higher volatility (18.10%) compared to MSFT (15.97%). In terms of maximum drawdown, MSFD dropped -59.90% vs MSFT's -69.38%.
MSFD currently has the higher Sharpe Ratio (0.30 vs -0.39), 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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