MSFU vs. NVDU

Last updated Jun 3, 2026

MSFU (Direxion Daily MSFT Bull 2X Shares) and NVDU (Direxion Daily NVDA Bull 2X Shares ETF) are both Leveraged Equities funds from Direxion. MSFU is passively managed, while NVDU is actively managed. Over the past year, MSFU returned -21.45% vs 110.52% for NVDU. A 0.50 correlation means they provide meaningful diversification when combined. Both charge a 1.04% expense ratio.

Performance

MSFU vs. NVDU - Performance Comparison

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

Returns By Period

In the year-to-date period, MSFU achieves a -22.90% return, which is significantly lower than NVDU's 29.37% return.

MSFU

• 1D: -8.36%
• 1M: 12.13%
• YTD: -22.90%
• 6M: -25.88%
• 1Y: -21.45%
• 3Y*: 1.80%
• 5Y*: —
• 10Y*: —

NVDU

• 1D: -1.47%
• 1M: 23.27%
• YTD: 29.37%
• 6M: 34.58%
• 1Y: 110.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSFU vs. NVDU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MSFU Direxion Daily MSFT Bull 2X Shares	-22.90%	13.36%	5.80%	16.07%
NVDU Direxion Daily NVDA Bull 2X Shares ETF	29.37%	33.65%	289.29%	9.96%

Correlation

The correlation between MSFU and NVDU is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023	0.50

The correlation between MSFU and NVDU shifts across timeframes, from 0.40 (1 year) to 0.50 (all time), reflecting how their relationship changes across market environments.

MSFU vs. NVDU - Sectors Allocation Comparison

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

Return for Risk

MSFU vs. NVDU — Risk / Return Rank

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

MSFU

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

NVDU

NVDU Risk / Return Rank: 45
NVDU Sharpe Ratio Rank: 47
NVDU Sortino Ratio Rank: 44
NVDU Omega Ratio Rank: 41
NVDU Calmar Ratio Rank: 56
NVDU Martin Ratio Rank: 40

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. NVDU - 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 NVDA Bull 2X Shares ETF (NVDU). 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	NVDU	Difference
Sharpe ratio Return per unit of total volatility	-0.43	1.64	-2.08
Sortino ratio Return per unit of downside risk	-0.30	2.21	-2.51
Omega ratio Gain probability vs. loss probability	0.96	1.27	-0.31
Calmar ratio Return relative to maximum drawdown	-0.35	2.80	-3.14
Martin ratio Return relative to average drawdown	-0.67	6.42	-7.09
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. NVDU - Sharpe Ratio Comparison

The current MSFU Sharpe Ratio is -0.43, which is lower than the NVDU Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of MSFU and NVDU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MSFU	NVDU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.43	1.64	-2.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	1.21	-0.97

Drawdowns

MSFU vs. NVDU - Drawdown Comparison

The maximum MSFU drawdown since its inception was -59.83%, smaller than the maximum NVDU drawdown of -67.27%. Use the drawdown chart below to compare losses from any high point for MSFU and NVDU.

Drawdown Indicators

	MSFU	NVDU	Difference
Max Drawdown Largest peak-to-trough decline	-59.83%	-67.27%	+7.44%
Max Drawdown (1Y) Largest decline over 1 year	-59.83%	-42.27%	-17.56%
Max Drawdown (3Y) Largest decline over 3 years	-59.83%	—	—
Current Drawdown Current decline from peak	-40.32%	-11.89%	-28.43%
Average Drawdown Average peak-to-trough decline	-16.48%	-18.84%	+2.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.83%	18.44%	+12.39%

Volatility

MSFU vs. NVDU - Volatility Comparison

The current volatility for Direxion Daily MSFT Bull 2X Shares (MSFU) is 18.49%, while Direxion Daily NVDA Bull 2X Shares ETF (NVDU) has a volatility of 23.20%. This indicates that MSFU experiences smaller price fluctuations and is considered to be less risky than NVDU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSFU	NVDU	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.49%	23.20%	-4.71%
Volatility (6M) Calculated over the trailing 6-month period	44.94%	49.98%	-5.04%
Volatility (1Y) Calculated over the trailing 1-year period	49.77%	67.67%	-17.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.23%	91.00%	-44.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.23%	91.00%	-44.77%

MSFU vs. NVDU - Expense Ratio Comparison

Both MSFU and NVDU have an expense ratio of 1.04%.

Dividends

MSFU vs. NVDU - Dividend Comparison

MSFU's dividend yield for the trailing twelve months is around 10.26%, more than NVDU's 4.48% yield.

Position	TTM	2025	2024	2023	2022
MSFU Direxion Daily MSFT Bull 2X Shares	10.26%	8.15%	7.00%	2.11%	0.54%
NVDU Direxion Daily NVDA Bull 2X Shares ETF	4.48%	5.68%	16.85%	0.63%	0.00%

Frequently Asked Questions

Can I hold both MSFU and NVDU in my portfolio?

MSFU and NVDU have a correlation of 0.40, 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 NVDU?

NVDU has higher volatility (23.20%) compared to MSFU (18.49%). In terms of maximum drawdown, MSFU dropped -59.83% vs NVDU's -67.27%.

Which ETF is better, MSFU or NVDU?

On 1-year performance, NVDU leads with 110.52% vs -21.45% for MSFU. Both ETFs have the same 1.04% expense ratio. On volatility, MSFU has been the lower-risk option at 18.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSFU or NVDU?

Over the 1-year period, NVDU has performed better with a 110.52% return vs -21.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSFU or NVDU?

MSFU and NVDU have the same expense ratio: 1.04% per year.

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

MSFU has the higher dividend yield at 10.26%, compared with 4.48% for NVDU.

Which has better risk-adjusted returns?

NVDU currently has the higher Sharpe Ratio (1.64 vs -0.43), 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.