MSFU vs. SOXL
Compare and contrast key facts about Direxion Daily MSFT Bull 2X Shares (MSFU) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
MSFU and SOXL 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. SOXL is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (300%). It was launched on Mar 11, 2010. Both MSFU and SOXL 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 SOXL.
Key characteristics
| MSFU | SOXL | |
|---|---|---|
| YTD Return | 16.96% | 2.79% |
| 1Y Return | 40.36% | 62.59% |
| Sharpe Ratio | 1.14 | 0.65 |
| Daily Std Dev | 34.71% | 98.76% |
| Max Drawdown | -29.51% | -90.46% |
| Current Drawdown | -15.65% | -55.10% |
Correlation
The correlation between MSFU and SOXL is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MSFU vs. SOXL - Performance Comparison
In the year-to-date period, MSFU achieves a 16.96% return, which is significantly higher than SOXL's 2.79% 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. SOXL - Expense Ratio Comparison
MSFU has a 1.04% expense ratio, which is higher than SOXL's 0.99% expense ratio.
Risk-Adjusted Performance
MSFU vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MSFT Bull 2X Shares (MSFU) and Direxion Daily Semiconductor Bull 3x Shares (SOXL). 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. SOXL - Dividend Comparison
MSFU's dividend yield for the trailing twelve months is around 2.71%, more than SOXL's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
MSFU Direxion Daily MSFT Bull 2X Shares | 2.14% | 2.11% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 0.77% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
MSFU vs. SOXL - Drawdown Comparison
The maximum MSFU drawdown since its inception was -29.51%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for MSFU and SOXL. For additional features, visit the drawdowns tool.
Volatility
MSFU vs. SOXL - Volatility Comparison
The current volatility for Direxion Daily MSFT Bull 2X Shares (MSFU) is 10.35%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 38.71%. This indicates that MSFU experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.