MSFT vs. ERX
MSFT (Microsoft Corporation) is a stock, while ERX (Direxion Daily Energy Bull 2X Shares) is Energy Equities fund tracking the Energy Select Sector Index (200%). Over the past 10 years, MSFT returned 25.26%/yr vs -9.50%/yr for ERX. Their 0.33 correlation means their historical movements had little consistent relationship.
Performance
MSFT vs. ERX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MSFT achieves a 1.24% return, which is significantly lower than ERX's 58.73% return. Over the past 10 years, MSFT has outperformed ERX with an annualized return of 25.26%, while ERX has yielded a comparatively lower -9.50% annualized return.
MSFT
- 1D
- -1.09%
- 1M
- 26.04%
- 6M
- 18.21%
- YTD
- 1.24%
- 1Y
- -6.90%
- 3Y*
- 15.04%
- 5Y*
- 11.90%
- 10Y*
- 25.26%
- ALL TIME*
- 25.30%
ERX
- 1D
- -3.72%
- 1M
- 15.60%
- 6M
- 14.96%
- YTD
- 58.73%
- 1Y
- 73.31%
- 3Y*
- 14.98%
- 5Y*
- 33.57%
- 10Y*
- -9.50%
- ALL TIME*
- -7.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $23.06M | $23.66M | $27.73M | |
| $21.56B | $16.11B | $16.89B |
MSFT vs. ERX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSFT Microsoft Corporation | 1.24% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 42.53% | 57.56% | 20.80% | 40.73% |
ERX Direxion Daily Energy Bull 2X Shares | 58.73% | 2.79% | 1.09% | -12.26% | 130.58% | 111.91% | -91.60% | 17.13% | -55.94% | -11.60% |
Correlation
The correlation between MSFT and ERX is -0.12, 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. | -0.12 |
Correlation (3Y) Balances recent behavior with more history. | -0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.07 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2008 | 0.33 |
The correlation between MSFT and ERX shifts across timeframes, from -0.12 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MSFT vs. ERX — Risk / Return Rank
MSFT
ERX
MSFT vs. ERX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Microsoft Corporation (MSFT) and Direxion Daily Energy Bull 2X Shares (ERX). 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.
| MSFT | ERX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.95 | ||
| Sortino ratioReturn per unit of downside risk | -2.30 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.27 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 2.46 | -2.66 |
| Martin ratioReturn relative to average drawdown | -0.36 | 6.18 | -6.54 |
Loading charts...
Drawdowns
MSFT vs. ERX - Drawdown Comparison
The maximum MSFT drawdown since its inception was -69.38%, smaller than the maximum ERX drawdown of -99.54%. Use the drawdown chart below to compare losses from any high point for MSFT and ERX.
Loading charts...
Drawdown Indicators
| MSFT | ERX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.38% | -99.54% | +30.16% |
Max Drawdown (1Y)Largest decline over 1 year | -34.50% | -29.97% | -4.53% |
Max Drawdown (3Y)Largest decline over 3 years | -34.50% | -42.34% | +7.84% |
Max Drawdown (5Y)Largest decline over 5 years | -37.15% | -46.90% | +9.75% |
Max Drawdown (10Y)Largest decline over 10 years | -37.15% | -98.59% | +61.44% |
Current DrawdownCurrent decline from peak | -9.50% | -91.99% | +82.49% |
Average DrawdownAverage peak-to-trough decline | -21.80% | -67.26% | +45.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.33% | 11.90% | +7.43% |
Volatility
MSFT vs. ERX - Volatility Comparison
Microsoft Corporation (MSFT) has a higher volatility of 16.44% compared to Direxion Daily Energy Bull 2X Shares (ERX) at 12.41%. This indicates that MSFT's price experiences larger fluctuations and is considered to be riskier than ERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MSFT | ERX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.44% | 12.41% | +4.03% |
Volatility (6M)Calculated over the trailing 6-month period | 26.64% | 33.24% | -6.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.98% | 42.40% | -10.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.10% | 51.46% | -23.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.66% | 68.84% | -41.18% |
Dividends
MSFT vs. ERX - Dividend Comparison
MSFT's dividend yield for the trailing twelve months is around 0.73%, less than ERX's 1.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERX Direxion Daily Energy Bull 2X Shares | 1.61% | 2.54% | 2.94% | 3.17% | 2.23% | 2.16% | 2.35% | 1.56% | 3.10% | 0.85% | 0.00% | 0.00% |
MSFT Microsoft Corporation | 0.73% | 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
MSFT and ERX have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFT has higher volatility (16.44%) compared to ERX (12.41%). In terms of maximum drawdown, MSFT dropped -69.38% vs ERX's -99.54%.
ERX currently has the higher Sharpe Ratio (1.74 vs -0.22), 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.
Find the right allocation for MSFT and ERX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer