MSFU vs. SSO
Compare and contrast key facts about Direxion Daily MSFT Bull 2X Shares (MSFU) and ProShares Ultra S&P500 (SSO).
MSFU and SSO 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. SSO is a passively managed fund by ProShares that tracks the performance of the S&P 500. It was launched on Jun 19, 2006. Both MSFU and SSO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
MSFU vs. SSO - Performance Comparison
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MSFU vs. SSO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MSFU Direxion Daily MSFT Bull 2X Shares | -44.20% | 13.36% | 5.80% | 83.04% | -13.28% |
SSO ProShares Ultra S&P500 | -10.23% | 26.19% | 43.48% | 46.65% | -9.40% |
Returns By Period
In the year-to-date period, MSFU achieves a -44.20% return, which is significantly lower than SSO's -10.23% return.
MSFU
- 1D
- 6.23%
- 1M
- -12.32%
- YTD
- -44.20%
- 6M
- -52.96%
- 1Y
- -16.87%
- 3Y*
- -1.81%
- 5Y*
- —
- 10Y*
- —
SSO
- 1D
- 5.75%
- 1M
- -10.37%
- YTD
- -10.23%
- 6M
- -7.08%
- 1Y
- 26.35%
- 3Y*
- 28.27%
- 5Y*
- 15.34%
- 10Y*
- 21.06%
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MSFU vs. SSO - Expense Ratio Comparison
MSFU has a 1.04% expense ratio, which is higher than SSO's 0.87% expense ratio.
Return for Risk
MSFU vs. SSO — Risk / Return Rank
MSFU
SSO
MSFU vs. SSO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MSFT Bull 2X Shares (MSFU) and ProShares Ultra S&P500 (SSO). 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 | SSO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.32 | 0.73 | -1.05 |
Sortino ratioReturn per unit of downside risk | -0.12 | 1.23 | -1.36 |
Omega ratioGain probability vs. loss probability | 0.98 | 1.19 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | -0.31 | 1.20 | -1.51 |
Martin ratioReturn relative to average drawdown | -0.78 | 5.18 | -5.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MSFU | SSO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.32 | 0.73 | -1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.46 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.38 | -0.34 |
Correlation
The correlation between MSFU and SSO is 0.69, 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.
Dividends
MSFU vs. SSO - Dividend Comparison
MSFU's dividend yield for the trailing twelve months is around 14.18%, more than SSO's 0.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSFU Direxion Daily MSFT Bull 2X Shares | 14.18% | 8.15% | 7.00% | 2.11% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SSO ProShares Ultra S&P500 | 0.82% | 0.68% | 0.85% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.51% | 0.63% |
Drawdowns
MSFU vs. SSO - Drawdown Comparison
The maximum MSFU drawdown since its inception was -59.83%, smaller than the maximum SSO drawdown of -84.67%. Use the drawdown chart below to compare losses from any high point for MSFU and SSO.
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Drawdown Indicators
| MSFU | SSO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.83% | -84.67% | +24.84% |
Max Drawdown (1Y)Largest decline over 1 year | -59.83% | -23.17% | -36.66% |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.73% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.34% | — |
Current DrawdownCurrent decline from peak | -56.80% | -13.46% | -43.34% |
Average DrawdownAverage peak-to-trough decline | -15.00% | -19.72% | +4.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.86% | 5.38% | +18.48% |
Volatility
MSFU vs. SSO - Volatility Comparison
Direxion Daily MSFT Bull 2X Shares (MSFU) has a higher volatility of 13.10% compared to ProShares Ultra S&P500 (SSO) at 10.60%. This indicates that MSFU's price experiences larger fluctuations and is considered to be riskier than SSO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSFU | SSO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.10% | 10.60% | +2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 39.28% | 18.95% | +20.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.78% | 36.45% | +16.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.15% | 33.66% | +11.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.15% | 35.86% | +9.29% |