MSFU vs. QLD
Compare and contrast key facts about Direxion Daily MSFT Bull 2X Shares (MSFU) and ProShares Ultra QQQ (QLD).
MSFU and QLD 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. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006. Both MSFU and QLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MSFU or QLD.
Key characteristics
| MSFU | QLD | |
|---|---|---|
| YTD Return | 14.75% | 23.86% |
| 1Y Return | 38.04% | 48.94% |
| Sharpe Ratio | 1.09 | 1.36 |
| Daily Std Dev | 34.76% | 35.40% |
| Max Drawdown | -29.51% | -83.13% |
| Current Drawdown | -17.24% | -14.44% |
Correlation
The correlation between MSFU and QLD is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MSFU vs. QLD - Performance Comparison
In the year-to-date period, MSFU achieves a 14.75% return, which is significantly lower than QLD's 23.86% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MSFU vs. QLD - Expense Ratio Comparison
MSFU has a 1.04% expense ratio, which is higher than QLD's 0.95% expense ratio.
Risk-Adjusted Performance
MSFU vs. QLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MSFT Bull 2X Shares (MSFU) and ProShares Ultra QQQ (QLD). 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.
Dividends
MSFU vs. QLD - Dividend Comparison
MSFU's dividend yield for the trailing twelve months is around 2.18%, more than QLD's 0.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSFU Direxion Daily MSFT Bull 2X Shares | 2.18% | 2.11% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QLD ProShares Ultra QQQ | 0.44% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.90% | 0.11% | 0.19% | 0.13% |
Drawdowns
MSFU vs. QLD - Drawdown Comparison
The maximum MSFU drawdown since its inception was -29.51%, smaller than the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for MSFU and QLD. For additional features, visit the drawdowns tool.
Volatility
MSFU vs. QLD - Volatility Comparison
The current volatility for Direxion Daily MSFT Bull 2X Shares (MSFU) is 10.52%, while ProShares Ultra QQQ (QLD) has a volatility of 11.92%. This indicates that MSFU experiences smaller price fluctuations and is considered to be less risky than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.