MSFD vs. QQQE
Compare and contrast key facts about Direxion Daily MSFT Bear 1X Shares (MSFD) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE).
MSFD and QQQE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MSFD is a passively managed fund by Direxion that tracks the performance of the Microsoft Corporation (-100%). It was launched on Sep 6, 2022. QQQE is a passively managed fund by Direxion that tracks the performance of the NASDAQ-100 Equal Weighted Index. It was launched on Mar 21, 2012. Both MSFD and QQQE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
MSFD vs. QQQE - Performance Comparison
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MSFD vs. QQQE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MSFD Direxion Daily MSFT Bear 1X Shares | 28.73% | -13.36% | -7.86% | -35.90% | 3.88% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | -3.54% | 14.58% | 6.98% | 33.76% | -3.31% |
Returns By Period
In the year-to-date period, MSFD achieves a 28.73% return, which is significantly higher than QQQE's -3.54% return.
MSFD
- 1D
- -3.15%
- 1M
- 6.11%
- YTD
- 28.73%
- 6M
- 38.42%
- 1Y
- -0.32%
- 3Y*
- -7.18%
- 5Y*
- —
- 10Y*
- —
QQQE
- 1D
- 2.57%
- 1M
- -5.09%
- YTD
- -3.54%
- 6M
- -2.70%
- 1Y
- 13.72%
- 3Y*
- 11.59%
- 5Y*
- 6.19%
- 10Y*
- 13.22%
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MSFD vs. QQQE - Expense Ratio Comparison
MSFD has a 1.06% expense ratio, which is higher than QQQE's 0.35% expense ratio.
Return for Risk
MSFD vs. QQQE — Risk / Return Rank
MSFD
QQQE
MSFD vs. QQQE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MSFT Bear 1X Shares (MSFD) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). 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.
| MSFD | QQQE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.01 | 0.67 | -0.69 |
Sortino ratioReturn per unit of downside risk | 0.17 | 1.11 | -0.94 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.16 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.02 | 1.08 | -1.06 |
Martin ratioReturn relative to average drawdown | 0.03 | 4.38 | -4.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MSFD | QQQE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 0.67 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.31 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.39 | 0.68 | -1.08 |
Correlation
The correlation between MSFD and QQQE is -0.63. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
MSFD vs. QQQE - Dividend Comparison
MSFD's dividend yield for the trailing twelve months is around 2.43%, more than QQQE's 0.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSFD Direxion Daily MSFT Bear 1X Shares | 2.43% | 3.33% | 4.46% | 4.43% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.64% | 0.52% | 0.86% | 0.79% | 0.98% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.57% |
Drawdowns
MSFD vs. QQQE - Drawdown Comparison
The maximum MSFD drawdown since its inception was -59.90%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for MSFD and QQQE.
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Drawdown Indicators
| MSFD | QQQE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.90% | -32.14% | -27.76% |
Max Drawdown (1Y)Largest decline over 1 year | -34.84% | -12.74% | -22.10% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.14% | — |
Current DrawdownCurrent decline from peak | -41.94% | -7.08% | -34.86% |
Average DrawdownAverage peak-to-trough decline | -41.28% | -5.22% | -36.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.22% | 3.13% | +22.09% |
Volatility
MSFD vs. QQQE - Volatility Comparison
Direxion Daily MSFT Bear 1X Shares (MSFD) has a higher volatility of 6.60% compared to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) at 5.68%. This indicates that MSFD's price experiences larger fluctuations and is considered to be riskier than QQQE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSFD | QQQE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.60% | 5.68% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 18.84% | 11.03% | +7.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.78% | 20.46% | +6.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.77% | 20.33% | +5.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.77% | 20.71% | +5.06% |