MSFD vs. PLTD

Last updated Aug 2, 2026

MSFD (Direxion Daily MSFT Bear 1X Shares) and PLTD (Direxion Daily PLTR Bear 1X Shares) are both Inverse Equities funds from Direxion - MSFD tracks the Microsoft Corporation (-100%) while PLTD tracks the Palantir Technologies Inc. (-100%). Both are passively managed. Over the past year, MSFD returned 7.40% vs 3.22% for PLTD. Their 0.49 correlation means their historical movements had little consistent relationship. MSFD charges 1.06%/yr vs 0.98%/yr for PLTD.

Performance

MSFD vs. PLTD - Performance Comparison

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

Returns By Period

In the year-to-date period, MSFD achieves a -1.78% return, which is significantly lower than PLTD's 26.78% 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%

PLTD

• 1D: -0.72%
• 1M: 3.64%
• 6M: 5.36%
• YTD: 26.78%
• 1Y: 3.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -46.97%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MSFD Direxion Daily MSFT Bear 1X Shares	$21.45M	$15.41M	$22.03M
PLTD Direxion Daily PLTR Bear 1X Shares	$308.34M	$340.03M	$346.45M

MSFD vs. PLTD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MSFD Direxion Daily MSFT Bear 1X Shares	-1.78%	-13.36%	5.44%
PLTD Direxion Daily PLTR Bear 1X Shares	26.78%	-70.53%	-5.12%

Correlation

The correlation between MSFD and PLTD is 0.50, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.50
Correlation (All Time) Calculated using the full available price history since Dec 11, 2024	0.49

Return for Risk

MSFD vs. PLTD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MSFD

MSFD Risk / Return Rank: 18
MSFD Sharpe Ratio Rank: 17
MSFD Sortino Ratio Rank: 18
MSFD Omega Ratio Rank: 20
MSFD Calmar Ratio Rank: 17
MSFD Martin Ratio Rank: 19

PLTD

PLTD Risk / Return Rank: 15
PLTD Sharpe Ratio Rank: 14
PLTD Sortino Ratio Rank: 18
PLTD Omega Ratio Rank: 17
PLTD Calmar Ratio Rank: 15
PLTD Martin Ratio Rank: 14

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MSFD vs. PLTD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MSFT Bear 1X Shares (MSFD) and Direxion Daily PLTR Bear 1X Shares (PLTD). 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	PLTD	Difference
Sharpe ratio: Return per unit of total volatility	0.30	0.12	+0.18
Sortino ratio: Return per unit of downside risk	0.60	0.56	+0.05
Omega ratio: Gain probability vs. loss probability	1.09	1.07	+0.02
Calmar ratio: Return relative to maximum drawdown	0.36	0.22	+0.14
Martin ratio: Return relative to average drawdown	1.20	0.42	+0.78

MSFD vs. PLTD - Sharpe Ratio Comparison

The current MSFD Sharpe Ratio is 0.30, which is higher than the PLTD Sharpe Ratio of 0.12. The chart below compares the historical Sharpe Ratios of MSFD and PLTD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MSFD vs. PLTD - Drawdown Comparison

The maximum MSFD drawdown since its inception was -59.90%, smaller than the maximum PLTD drawdown of -77.34%. Use the drawdown chart below to compare losses from any high point for MSFD and PLTD.

Drawdown Indicators

	MSFD	PLTD	Difference
Max Drawdown Largest peak-to-trough decline	-59.90%	-77.34%	+17.44%
Max Drawdown (1Y) Largest decline over 1 year	-26.54%	-27.95%	+1.41%
Max Drawdown (3Y) Largest decline over 3 years	-40.50%	—	—
Current Drawdown Current decline from peak	-55.70%	-67.53%	+11.83%
Average Drawdown Average peak-to-trough decline	-41.72%	-60.13%	+18.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.87%	14.70%	-6.83%

Volatility

MSFD vs. PLTD - Volatility Comparison

Direxion Daily MSFT Bear 1X Shares (MSFD) has a higher volatility of 18.10% compared to Direxion Daily PLTR Bear 1X Shares (PLTD) at 13.69%. This indicates that MSFD's price experiences larger fluctuations and is considered to be riskier than PLTD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSFD	PLTD	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.10%	13.69%	+4.41%
Volatility (6M) Calculated over the trailing 6-month period	27.83%	40.22%	-12.39%
Volatility (1Y) Calculated over the trailing 1-year period	32.03%	52.47%	-20.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.55%	62.67%	-35.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.55%	62.67%	-35.12%

MSFD vs. PLTD - Expense Ratio Comparison

MSFD has a 1.06% expense ratio, which is higher than PLTD's 0.98% expense ratio.

Dividends

MSFD vs. PLTD - Dividend Comparison

MSFD's dividend yield for the trailing twelve months is around 4.02%, more than PLTD's 2.76% yield.

Position	TTM	2025	2024	2023	2022
MSFD Direxion Daily MSFT Bear 1X Shares	4.02%	3.33%	4.46%	4.43%	0.74%
PLTD Direxion Daily PLTR Bear 1X Shares	2.76%	5.17%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MSFD and PLTD in my portfolio?

MSFD and PLTD have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSFD or PLTD?

MSFD has higher volatility (18.10%) compared to PLTD (13.69%). In terms of maximum drawdown, MSFD dropped -59.90% vs PLTD's -77.34%.

Which ETF is better, MSFD or PLTD?

On 1-year performance, MSFD leads with 7.40% vs 3.22% for PLTD. On fees, PLTD is cheaper at 0.98% per year. On volatility, PLTD has been the lower-risk option at 13.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSFD or PLTD?

Over the 1-year period, MSFD has performed better with a 7.40% return vs 3.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSFD or PLTD?

PLTD is cheaper with a 0.98% expense ratio, compared with 1.06% for MSFD.

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

MSFD has the higher dividend yield at 4.02%, compared with 2.76% for PLTD.

What is the main difference between MSFD and PLTD?

MSFD tracks Microsoft Corporation (-100%), while PLTD tracks Palantir Technologies Inc. (-100%). Their fees differ too: 1.06% for MSFD and 0.98% for PLTD.

Which has better risk-adjusted returns?

MSFD currently has the higher Sharpe Ratio (0.30 vs 0.12), 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.