MSFU vs. INTW

Last updated Jun 21, 2026

MSFU (Direxion Daily MSFT Bull 2X Shares) and INTW (GraniteShares 2x Long INTC Daily ETF) are both Leveraged Equities funds. MSFU is passively managed, while INTW is actively managed. Over the past year, MSFU returned -45.84% vs 2051.42% for INTW. At a 0.12 correlation, their price movements are largely independent. MSFU charges 1.04%/yr vs 1.50%/yr for INTW.

Performance

MSFU vs. INTW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily MSFT Bull 2X Shares (MSFU) and GraniteShares 2x Long INTC Daily ETF (INTW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSFU achieves a -43.71% return, which is significantly lower than INTW's 778.52% return.

MSFU

• 1D: 0.00%
• 1M: -19.72%
• YTD: -43.71%
• 6M: -44.41%
• 1Y: -45.84%
• 3Y*: -9.22%
• 5Y*: —
• 10Y*: —

INTW

• 1D: 20.68%
• 1M: 18.21%
• YTD: 778.52%
• 6M: 776.49%
• 1Y: 2,051.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSFU vs. INTW - Yearly Performance Comparison

	2026 (YTD)	2025
MSFU Direxion Daily MSFT Bull 2X Shares	-43.71%	23.05%
INTW GraniteShares 2x Long INTC Daily ETF	778.52%	60.89%

Correlation

The correlation between MSFU and INTW is 0.03, 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	0.03
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	0.12

MSFU vs. INTW - Sectors Allocation Comparison

Sectors	MSFU	INTW
Technology	100.0%	66.7%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

MSFU vs. INTW — 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: 2
MSFU Sortino Ratio Rank: 2
MSFU Omega Ratio Rank: 2
MSFU Calmar Ratio Rank: 2
MSFU Martin Ratio Rank: 1

INTW

INTW Risk / Return Rank: 98
INTW Sharpe Ratio Rank: 100
INTW Sortino Ratio Rank: 96
INTW Omega Ratio Rank: 94
INTW Calmar Ratio Rank: 99
INTW Martin Ratio Rank: 99

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. INTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MSFT Bull 2X Shares (MSFU) and GraniteShares 2x Long INTC Daily ETF (INTW). 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	INTW	Difference
Sharpe ratio: Return per unit of total volatility	-0.91	13.34	-14.25
Sortino ratio: Return per unit of downside risk	-1.23	5.18	-6.41
Omega ratio: Gain probability vs. loss probability	0.84	1.66	-0.81
Calmar ratio: Return relative to maximum drawdown	-0.78	40.37	-41.15
Martin ratio: Return relative to average drawdown	-1.42	91.67	-93.09

MSFU vs. INTW - Sharpe Ratio Comparison

The current MSFU Sharpe Ratio is -0.91, which is lower than the INTW Sharpe Ratio of 13.34. The chart below compares the historical Sharpe Ratios of MSFU and INTW, 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. INTW - Drawdown Comparison

The maximum MSFU drawdown since its inception was -59.83%, roughly equal to the maximum INTW drawdown of -60.58%. Use the drawdown chart below to compare losses from any high point for MSFU and INTW.

Drawdown Indicators

	MSFU	INTW	Difference
Max Drawdown Largest peak-to-trough decline	-59.83%	-60.58%	+0.75%
Max Drawdown (1Y) Largest decline over 1 year	-59.83%	-49.34%	-10.49%
Max Drawdown (3Y) Largest decline over 3 years	-59.83%	—	—
Current Drawdown Current decline from peak	-56.43%	-2.82%	-53.61%
Average Drawdown Average peak-to-trough decline	-16.90%	-29.80%	+12.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.77%	21.69%	+11.08%

Volatility

MSFU vs. INTW - Volatility Comparison

The current volatility for Direxion Daily MSFT Bull 2X Shares (MSFU) is 21.58%, while GraniteShares 2x Long INTC Daily ETF (INTW) has a volatility of 54.63%. This indicates that MSFU experiences smaller price fluctuations and is considered to be less risky than INTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSFU	INTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.58%	54.63%	-33.05%
Volatility (6M) Calculated over the trailing 6-month period	46.11%	118.15%	-72.04%
Volatility (1Y) Calculated over the trailing 1-year period	51.50%	149.39%	-97.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.51%	148.63%	-102.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.51%	148.63%	-102.12%

MSFU vs. INTW - Expense Ratio Comparison

MSFU has a 1.04% expense ratio, which is lower than INTW's 1.50% expense ratio.

Dividends

MSFU vs. INTW - Dividend Comparison

MSFU's dividend yield for the trailing twelve months is around 14.06%, while INTW has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
INTW GraniteShares 2x Long INTC Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%
MSFU Direxion Daily MSFT Bull 2X Shares	14.06%	8.15%	7.00%	2.11%	0.54%

Frequently Asked Questions

Can I hold both MSFU and INTW in my portfolio?

MSFU and INTW have a correlation of 0.03, 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 INTW?

INTW has higher volatility (54.63%) compared to MSFU (21.58%). In terms of maximum drawdown, MSFU dropped -59.83% vs INTW's -60.58%.

Which ETF is better, MSFU or INTW?

On 1-year performance, INTW leads with 2051.42% vs -45.84% for MSFU. On fees, MSFU is cheaper at 1.04% per year. On volatility, MSFU has been the lower-risk option at 21.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSFU or INTW?

Over the 1-year period, INTW has performed better with a 2051.42% return vs -45.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSFU or INTW?

MSFU is cheaper with a 1.04% expense ratio, compared with 1.50% for INTW.

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

MSFU has the higher dividend yield at 14.06%, compared with 0.00% for INTW.

What is the main difference between MSFU and INTW?

They also come from different issuers: Direxion and GraniteShares. Their fees differ too: 1.04% for MSFU and 1.50% for INTW.

Which has better risk-adjusted returns?

INTW currently has the higher Sharpe Ratio (13.34 vs -0.91), 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.