MSFU vs. ERX
Compare and contrast key facts about Direxion Daily MSFT Bull 2X Shares (MSFU) and Direxion Daily Energy Bull 2X Shares (ERX).
MSFU and ERX 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. ERX is a passively managed fund by Direxion that tracks the performance of the Energy Select Sector Index (300%). It was launched on Apr 1, 2020. Both MSFU and ERX 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
MSFU vs. ERX - Performance Comparison
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MSFU vs. ERX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MSFU Direxion Daily MSFT Bull 2X Shares | -44.20% | 13.36% | 5.80% | 83.04% | -13.28% |
ERX Direxion Daily Energy Bull 2X Shares | 85.42% | 2.79% | 1.09% | -12.26% | 23.38% |
Returns By Period
In the year-to-date period, MSFU achieves a -44.20% return, which is significantly lower than ERX's 85.42% return.
MSFU
- 1D
- 6.23%
- 1M
- -12.32%
- YTD
- -44.20%
- 6M
- -52.96%
- 1Y
- -16.87%
- 3Y*
- -1.81%
- 5Y*
- —
- 10Y*
- —
ERX
- 1D
- -2.61%
- 1M
- 20.58%
- YTD
- 85.42%
- 6M
- 84.60%
- 1Y
- 61.51%
- 3Y*
- 24.14%
- 5Y*
- 36.55%
- 10Y*
- -5.60%
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MSFU vs. ERX - Expense Ratio Comparison
MSFU has a 1.04% expense ratio, which is lower than ERX's 1.09% expense ratio.
Return for Risk
MSFU vs. ERX — Risk / Return Rank
MSFU
ERX
MSFU vs. ERX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MSFT Bull 2X Shares (MSFU) 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.
| MSFU | ERX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.32 | 1.25 | -1.57 |
Sortino ratioReturn per unit of downside risk | -0.12 | 1.68 | -1.80 |
Omega ratioGain probability vs. loss probability | 0.98 | 1.25 | -0.26 |
Calmar ratioReturn relative to maximum drawdown | -0.31 | 1.86 | -2.17 |
Martin ratioReturn relative to average drawdown | -0.78 | 3.79 | -4.56 |
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
| MSFU | ERX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.32 | 1.25 | -1.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.71 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.08 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | -0.08 | +0.12 |
Correlation
The correlation between MSFU and ERX is 0.07, 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. ERX - Dividend Comparison
MSFU's dividend yield for the trailing twelve months is around 14.18%, more than ERX's 1.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSFU Direxion Daily MSFT Bull 2X Shares | 14.18% | 8.15% | 7.00% | 2.11% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ERX Direxion Daily Energy Bull 2X Shares | 1.45% | 2.54% | 2.94% | 3.17% | 2.23% | 2.16% | 2.35% | 1.56% | 3.10% | 0.85% |
Drawdowns
MSFU vs. ERX - Drawdown Comparison
The maximum MSFU drawdown since its inception was -59.83%, smaller than the maximum ERX drawdown of -99.54%. Use the drawdown chart below to compare losses from any high point for MSFU and ERX.
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Drawdown Indicators
| MSFU | ERX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.83% | -99.54% | +39.71% |
Max Drawdown (1Y)Largest decline over 1 year | -59.83% | -35.17% | -24.66% |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.90% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -98.59% | — |
Current DrawdownCurrent decline from peak | -56.80% | -90.64% | +33.84% |
Average DrawdownAverage peak-to-trough decline | -15.00% | -66.77% | +51.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.86% | 17.25% | +6.61% |
Volatility
MSFU vs. ERX - Volatility Comparison
Direxion Daily MSFT Bull 2X Shares (MSFU) has a higher volatility of 13.10% compared to Direxion Daily Energy Bull 2X Shares (ERX) at 10.19%. This indicates that MSFU'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.
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Volatility by Period
| MSFU | ERX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.10% | 10.19% | +2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 39.28% | 28.10% | +11.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.78% | 49.61% | +3.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.15% | 52.12% | -6.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.15% | 69.23% | -24.08% |