MSFU vs. APLY

Last updated Apr 2, 2026

Compare and contrast key facts about Direxion Daily MSFT Bull 2X Shares (MSFU) and YieldMax AAPL Option Income Strategy ETF (APLY).

MSFU and APLY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MSFU is a passively managed fund by Direxion that tracks the performance of the Microsoft Corporation (150%). It was launched on Sep 6, 2022. APLY is an actively managed fund by YieldMax. It was launched on Apr 17, 2023.

Performance

MSFU vs. APLY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily MSFT Bull 2X Shares (MSFU) and YieldMax AAPL Option Income Strategy ETF (APLY). The values are adjusted to include any dividend payments, if applicable.

MSFU vs. APLY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MSFU Direxion Daily MSFT Bull 2X Shares	-44.41%	13.36%	5.80%	42.00%
APLY YieldMax AAPL Option Income Strategy ETF	-5.49%	4.69%	18.62%	11.44%

Returns By Period

In the year-to-date period, MSFU achieves a -44.41% return, which is significantly lower than APLY's -5.49% return.

MSFU

• 1D: -0.39%
• 1M: -15.01%
• YTD: -44.41%
• 6M: -53.50%
• 1Y: -20.19%
• 3Y*: -1.94%
• 5Y*: —
• 10Y*: —

APLY

• 1D: 0.09%
• 1M: -1.99%
• YTD: -5.49%
• 6M: -0.67%
• 1Y: 10.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSFU vs. APLY - Expense Ratio Comparison

MSFU has a 1.04% expense ratio, which is higher than APLY's 0.99% expense ratio.

MSFU

Direxion Daily MSFT Bull 2X Shares

APLY

YieldMax AAPL Option Income Strategy ETF

Return for Risk

MSFU vs. APLY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MSFU

MSFU Risk / Return Rank: 6
MSFU Sharpe Ratio Rank: 5
MSFU Sortino Ratio Rank: 7
MSFU Omega Ratio Rank: 6
MSFU Calmar Ratio Rank: 7
MSFU Martin Ratio Rank: 6

APLY

APLY Risk / Return Rank: 23
APLY Sharpe Ratio Rank: 22
APLY Sortino Ratio Rank: 24
APLY Omega Ratio Rank: 26
APLY Calmar Ratio Rank: 22
APLY Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MSFU vs. APLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MSFT Bull 2X Shares (MSFU) and YieldMax AAPL Option Income Strategy ETF (APLY). 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.

	MSFU	APLY	Difference
Sharpe ratio Return per unit of total volatility	-0.39	0.38	-0.76
Sortino ratio Return per unit of downside risk	-0.23	0.74	-0.97
Omega ratio Gain probability vs. loss probability	0.97	1.11	-0.14
Calmar ratio Return relative to maximum drawdown	-0.29	0.48	-0.77
Martin ratio Return relative to average drawdown	-0.71	1.66	-2.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSFU vs. APLY - Sharpe Ratio Comparison

The current MSFU Sharpe Ratio is -0.39, which is lower than the APLY Sharpe Ratio of 0.38. The chart below compares the historical Sharpe Ratios of MSFU and APLY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MSFU	APLY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.39	0.38	-0.76
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.45	-0.42

Correlation

The correlation between MSFU and APLY is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MSFU vs. APLY - Dividend Comparison

MSFU's dividend yield for the trailing twelve months is around 14.23%, less than APLY's 38.60% yield.

	TTM	2025	2024	2023	2022
MSFU Direxion Daily MSFT Bull 2X Shares	14.23%	8.15%	7.00%	2.11%	0.54%
APLY YieldMax AAPL Option Income Strategy ETF	38.60%	36.38%	24.95%	14.36%	0.00%

Drawdowns

MSFU vs. APLY - Drawdown Comparison

The maximum MSFU drawdown since its inception was -59.83%, which is greater than APLY's maximum drawdown of -30.41%. Use the drawdown chart below to compare losses from any high point for MSFU and APLY.

Drawdown Indicators

	MSFU	APLY	Difference
Max Drawdown Largest peak-to-trough decline	-59.83%	-30.41%	-29.42%
Max Drawdown (1Y) Largest decline over 1 year	-59.83%	-21.07%	-38.76%
Current Drawdown Current decline from peak	-56.97%	-8.77%	-48.20%
Average Drawdown Average peak-to-trough decline	-15.04%	-7.15%	-7.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.13%	6.08%	+18.05%

Volatility

MSFU vs. APLY - Volatility Comparison

Direxion Daily MSFT Bull 2X Shares (MSFU) has a higher volatility of 12.60% compared to YieldMax AAPL Option Income Strategy ETF (APLY) at 4.88%. This indicates that MSFU's price experiences larger fluctuations and is considered to be riskier than APLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSFU	APLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.60%	4.88%	+7.72%
Volatility (6M) Calculated over the trailing 6-month period	39.24%	12.60%	+26.64%
Volatility (1Y) Calculated over the trailing 1-year period	52.74%	26.89%	+25.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.13%	21.15%	+23.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.13%	21.15%	+23.98%