MSFU vs. AVIE

Last updated Jun 24, 2026

MSFU (Direxion Daily MSFT Bull 2X Shares) and AVIE (Avantis Inflation Focused Equity ETF) are both exchange-traded funds - MSFU is a Leveraged Equities fund tracking the Microsoft Corporation (150%), while AVIE is a Large Cap Blend Equities fund actively managed by Avantis. MSFU is passively managed, while AVIE is actively managed. Over the past 3 years, MSFU returned -9.21%/yr vs 13.16%/yr for AVIE. At a 0.16 correlation, their price movements are largely independent. MSFU charges 1.04%/yr vs 0.25%/yr for AVIE.

Performance

MSFU vs. AVIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily MSFT Bull 2X Shares (MSFU) and Avantis Inflation Focused Equity ETF (AVIE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSFU achieves a -45.68% return, which is significantly lower than AVIE's 13.10% return.

MSFU

• 1D: 2.99%
• 1M: -22.25%
• YTD: -45.68%
• 6M: -46.49%
• 1Y: -49.63%
• 3Y*: -9.21%
• 5Y*: —
• 10Y*: —

AVIE

• 1D: 0.74%
• 1M: -1.10%
• YTD: 13.10%
• 6M: 12.71%
• 1Y: 23.20%
• 3Y*: 13.16%
• 5Y*: —
• 10Y*: —

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

MSFU vs. AVIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MSFU Direxion Daily MSFT Bull 2X Shares	-45.68%	13.36%	5.80%	83.04%	-3.54%
AVIE Avantis Inflation Focused Equity ETF	13.10%	11.37%	6.17%	4.19%	15.20%

Correlation

The correlation between MSFU and AVIE is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (All Time) Calculated using the full available price history since Sep 29, 2022	0.16

The correlation between MSFU and AVIE shifts across timeframes, from -0.09 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.

MSFU vs. AVIE - Sectors Allocation Comparison

Sectors	MSFU	AVIE
Technology	100.0%	0.1%
Basic Materials	-	9.8%
Communication Services	-	-
Consumer Cyclical	-	0.1%
Consumer Defensive	-	17.1%
Energy	-	30.1%
Financial Services	-	15.0%
Healthcare	-	26.3%
Industrials	-	1.1%
Real Estate	-	0.1%
Utilities	-	0.1%

Return for Risk

MSFU vs. AVIE — Risk / Return Rank

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

MSFU

MSFU Risk / Return Rank: 2
MSFU Sharpe Ratio Rank: 1
MSFU Sortino Ratio Rank: 2
MSFU Omega Ratio Rank: 1
MSFU Calmar Ratio Rank: 2
MSFU Martin Ratio Rank: 1

AVIE

AVIE Risk / Return Rank: 80
AVIE Sharpe Ratio Rank: 79
AVIE Sortino Ratio Rank: 81
AVIE Omega Ratio Rank: 75
AVIE Calmar Ratio Rank: 87
AVIE Martin Ratio Rank: 78

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. AVIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MSFT Bull 2X Shares (MSFU) and Avantis Inflation Focused Equity ETF (AVIE). 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.

	MSFU	AVIE	Difference
Sharpe ratio: Return per unit of total volatility	-0.96	2.34	-3.30
Sortino ratio: Return per unit of downside risk	-1.36	3.34	-4.69
Omega ratio: Gain probability vs. loss probability	0.83	1.41	-0.58
Calmar ratio: Return relative to maximum drawdown	-0.83	4.69	-5.52
Martin ratio: Return relative to average drawdown	-1.50	14.23	-15.73

MSFU vs. AVIE - Sharpe Ratio Comparison

The current MSFU Sharpe Ratio is -0.96, which is lower than the AVIE Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of MSFU and AVIE, 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

MSFU vs. AVIE - Drawdown Comparison

The maximum MSFU drawdown since its inception was -59.83%, which is greater than AVIE's maximum drawdown of -12.39%. Use the drawdown chart below to compare losses from any high point for MSFU and AVIE.

Drawdown Indicators

	MSFU	AVIE	Difference
Max Drawdown Largest peak-to-trough decline	-59.83%	-12.39%	-47.44%
Max Drawdown (1Y) Largest decline over 1 year	-59.83%	-4.97%	-54.86%
Max Drawdown (3Y) Largest decline over 3 years	-59.83%	-12.39%	-47.44%
Current Drawdown Current decline from peak	-57.95%	-1.66%	-56.29%
Average Drawdown Average peak-to-trough decline	-16.98%	-3.00%	-13.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.19%	1.63%	+31.56%

Volatility

MSFU vs. AVIE - Volatility Comparison

Direxion Daily MSFT Bull 2X Shares (MSFU) has a higher volatility of 22.49% compared to Avantis Inflation Focused Equity ETF (AVIE) at 2.89%. This indicates that MSFU's price experiences larger fluctuations and is considered to be riskier than AVIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSFU	AVIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.49%	2.89%	+19.60%
Volatility (6M) Calculated over the trailing 6-month period	46.49%	7.04%	+39.45%
Volatility (1Y) Calculated over the trailing 1-year period	51.94%	9.97%	+41.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.60%	12.90%	+33.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.60%	12.90%	+33.70%

MSFU vs. AVIE - Expense Ratio Comparison

MSFU has a 1.04% expense ratio, which is higher than AVIE's 0.25% expense ratio.

Dividends

MSFU vs. AVIE - Dividend Comparison

MSFU's dividend yield for the trailing twelve months is around 14.56%, more than AVIE's 1.87% yield.

Position	TTM	2025	2024	2023	2022
AVIE Avantis Inflation Focused Equity ETF	1.87%	1.75%	1.89%	3.72%	0.39%
MSFU Direxion Daily MSFT Bull 2X Shares	14.56%	8.15%	7.00%	2.11%	0.54%

Frequently Asked Questions

Can I hold both MSFU and AVIE in my portfolio?

MSFU and AVIE have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSFU or AVIE?

MSFU has higher volatility (22.49%) compared to AVIE (2.89%). In terms of maximum drawdown, MSFU dropped -59.83% vs AVIE's -12.39%.

Which ETF is better, MSFU or AVIE?

On 3-year performance, AVIE leads with 13.16% vs -9.21% for MSFU. On fees, AVIE is cheaper at 0.25% per year. On volatility, AVIE has been the lower-risk option at 2.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSFU or AVIE?

Over the 3-year period, AVIE has performed better with a 13.16% return vs -9.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSFU or AVIE?

AVIE is cheaper with a 0.25% expense ratio, compared with 1.04% for MSFU.

Which ETF pays a higher dividend yield, MSFU or AVIE?

MSFU has the higher dividend yield at 14.56%, compared with 1.87% for AVIE.

What is the main difference between MSFU and AVIE?

MSFU is categorized as Leveraged Equities, while AVIE is Large Cap Blend Equities. They also come from different issuers: Direxion and Avantis. Their fees differ too: 1.04% for MSFU and 0.25% for AVIE.

Which has better risk-adjusted returns?

AVIE currently has the higher Sharpe Ratio (2.34 vs -0.96), 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.