MSFD vs. SOXL
Compare and contrast key facts about Direxion Daily MSFT Bear 1X Shares (MSFD) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
MSFD and SOXL 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. SOXL is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (300%). It was launched on Mar 11, 2010. Both MSFD and SOXL 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. SOXL - Performance Comparison
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MSFD vs. SOXL - 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% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 13.99% | 54.91% | -12.31% | 226.98% | -25.05% |
Returns By Period
In the year-to-date period, MSFD achieves a 28.73% return, which is significantly higher than SOXL's 13.99% return.
MSFD
- 1D
- -3.15%
- 1M
- 6.11%
- YTD
- 28.73%
- 6M
- 38.42%
- 1Y
- -0.32%
- 3Y*
- -7.18%
- 5Y*
- —
- 10Y*
- —
SOXL
- 1D
- 17.95%
- 1M
- -23.67%
- YTD
- 13.99%
- 6M
- 37.51%
- 1Y
- 201.41%
- 3Y*
- 38.75%
- 5Y*
- 3.09%
- 10Y*
- 39.88%
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MSFD vs. SOXL - Expense Ratio Comparison
MSFD has a 1.06% expense ratio, which is higher than SOXL's 0.99% expense ratio.
Return for Risk
MSFD vs. SOXL — Risk / Return Rank
MSFD
SOXL
MSFD vs. SOXL - 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 Semiconductor Bull 3x Shares (SOXL). 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 | SOXL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.01 | 1.70 | -1.71 |
Sortino ratioReturn per unit of downside risk | 0.17 | 2.34 | -2.17 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.34 | -0.31 |
Calmar ratioReturn relative to maximum drawdown | 0.02 | 4.06 | -4.04 |
Martin ratioReturn relative to average drawdown | 0.03 | 12.39 | -12.36 |
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 | SOXL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 1.70 | -1.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.03 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.39 | 0.35 | -0.75 |
Correlation
The correlation between MSFD and SOXL is -0.54. 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. SOXL - Dividend Comparison
MSFD's dividend yield for the trailing twelve months is around 2.43%, more than SOXL's 0.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 0.16% | 0.34% | 1.18% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% |
Drawdowns
MSFD vs. SOXL - Drawdown Comparison
The maximum MSFD drawdown since its inception was -59.90%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for MSFD and SOXL.
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Drawdown Indicators
| MSFD | SOXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.90% | -90.46% | +30.56% |
Max Drawdown (1Y)Largest decline over 1 year | -34.84% | -49.26% | +14.42% |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -90.46% | — |
Current DrawdownCurrent decline from peak | -41.94% | -33.33% | -8.61% |
Average DrawdownAverage peak-to-trough decline | -41.28% | -35.34% | -5.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.22% | 16.14% | +9.08% |
Volatility
MSFD vs. SOXL - Volatility Comparison
The current volatility for Direxion Daily MSFT Bear 1X Shares (MSFD) is 6.60%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 40.35%. This indicates that MSFD experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSFD | SOXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.60% | 40.35% | -33.75% |
Volatility (6M)Calculated over the trailing 6-month period | 18.84% | 79.51% | -60.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.78% | 119.21% | -92.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.77% | 105.43% | -79.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.77% | 97.70% | -71.93% |