MSFU vs. SOXS
MSFU (Direxion Daily MSFT Bull 2X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - MSFU is a Leveraged Equities fund tracking the Microsoft Corporation (150%), while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past 3 years, MSFU returned -9.21%/yr vs -87.41%/yr for SOXS. At a correlation of -0.49, they often move in opposite directions. MSFU charges 1.04%/yr vs 1.08%/yr for SOXS.
Performance
MSFU vs. SOXS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MSFU achieves a -45.68% return, which is significantly higher than SOXS's -93.50% return.
MSFU
- 1D
- 2.99%
- 1M
- -22.25%
- YTD
- -45.68%
- 6M
- -46.49%
- 1Y
- -49.63%
- 3Y*
- -9.21%
- 5Y*
- —
- 10Y*
- —
SOXS
- 1D
- 22.42%
- 1M
- -47.74%
- YTD
- -93.50%
- 6M
- -93.24%
- 1Y
- -97.76%
- 3Y*
- -87.41%
- 5Y*
- -80.25%
- 10Y*
- -79.54%
MSFU vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MSFU Direxion Daily MSFT Bull 2X Shares | -45.68% | 13.36% | 5.80% | 83.04% | -13.28% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -93.50% | -85.53% | -59.55% | -84.56% | -26.76% |
Correlation
The correlation between MSFU and SOXS is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.42 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2022 | -0.49 |
Over the past year, the inverse relationship between MSFU and SOXS has weakened: their correlation has moved from -0.49 to -0.15, meaning they move in opposite directions less often than they have historically.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MSFU vs. SOXS — Risk / Return Rank
MSFU
SOXS
MSFU vs. SOXS - 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 Semiconductor Bear 3x Shares (SOXS). 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 | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | +2.05 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.63 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | -1.00 | +0.17 |
| Martin ratioReturn relative to average drawdown | -1.50 | -1.51 | +0.02 |
Loading charts...
Drawdowns
MSFU vs. SOXS - Drawdown Comparison
The maximum MSFU drawdown since its inception was -59.83%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for MSFU and SOXS.
Loading charts...
Drawdown Indicators
| MSFU | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.83% | -100.00% | +40.17% |
Max Drawdown (1Y)Largest decline over 1 year | -59.83% | -97.94% | +38.11% |
Max Drawdown (3Y)Largest decline over 3 years | -59.83% | -99.87% | +40.04% |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -57.95% | -100.00% | +42.05% |
Average DrawdownAverage peak-to-trough decline | -16.98% | -92.61% | +75.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.19% | 67.48% | -34.29% |
Volatility
MSFU vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily MSFT Bull 2X Shares (MSFU) is 22.49%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 66.67%. This indicates that MSFU experiences smaller price fluctuations and is considered to be less risky than SOXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MSFU | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.49% | 66.67% | -44.18% |
Volatility (6M)Calculated over the trailing 6-month period | 46.49% | 100.39% | -53.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.94% | 117.32% | -65.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.60% | 111.39% | -64.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.60% | 102.09% | -55.49% |
MSFU vs. SOXS - Expense Ratio Comparison
MSFU has a 1.04% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Dividends
MSFU vs. SOXS - Dividend Comparison
MSFU's dividend yield for the trailing twelve months is around 14.56%, less than SOXS's 83.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
MSFU Direxion Daily MSFT Bull 2X Shares | 14.56% | 8.15% | 7.00% | 2.11% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 83.05% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
Frequently Asked Questions
MSFU and SOXS have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (66.67%) compared to MSFU (22.49%). In terms of maximum drawdown, MSFU dropped -59.83% vs SOXS's -100.00%.
On 3-year performance, MSFU leads with -9.21% vs -87.41% for SOXS. On fees, MSFU is cheaper at 1.04% per year. On volatility, MSFU has been the lower-risk option at 22.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, MSFU has performed better with a -9.21% return vs -87.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MSFU is cheaper with a 1.04% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 83.05%, compared with 14.56% for MSFU.
MSFU is categorized as Leveraged Equities, while SOXS is Inverse Equities. MSFU tracks Microsoft Corporation (150%), while SOXS tracks PHLX Semiconductor Index (-300%). Their fees differ too: 1.04% for MSFU and 1.08% for SOXS.
SOXS currently has the higher Sharpe Ratio (-0.83 vs -0.96), 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.
Find the right allocation for MSFU and SOXS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer