Correlation
The correlation between MSFU and TQQQ is 0.74, 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.
MSFU vs. TQQQ
Compare and contrast key facts about Direxion Daily MSFT Bull 2X Shares (MSFU) and ProShares UltraPro QQQ (TQQQ).
MSFU and TQQQ 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. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010. Both MSFU and TQQQ 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 TQQQ.
Performance
MSFU vs. TQQQ - Performance Comparison
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Key characteristics
MSFU:
0.11
TQQQ:
0.18
MSFU:
0.31
TQQQ:
0.68
MSFU:
1.04
TQQQ:
1.09
MSFU:
-0.04
TQQQ:
0.13
MSFU:
-0.09
TQQQ:
0.33
MSFU:
24.73%
TQQQ:
22.59%
MSFU:
51.38%
TQQQ:
75.89%
MSFU:
-48.11%
TQQQ:
-81.66%
MSFU:
-15.96%
TQQQ:
-24.49%
Returns By Period
In the year-to-date period, MSFU achieves a 10.14% return, which is significantly higher than TQQQ's -11.28% return.
MSFU
10.14%
11.09%
7.82%
5.21%
N/A
N/A
N/A
TQQQ
-11.28%
17.79%
-11.83%
13.44%
30.10%
28.60%
31.28%
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MSFU vs. TQQQ - Expense Ratio Comparison
MSFU has a 1.04% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
MSFU vs. TQQQ — Risk-Adjusted Performance Rank
MSFU
TQQQ
MSFU vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MSFT Bull 2X Shares (MSFU) and ProShares UltraPro QQQ (TQQQ). 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.
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Dividends
MSFU vs. TQQQ - Dividend Comparison
MSFU's dividend yield for the trailing twelve months is around 6.27%, more than TQQQ's 1.41% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSFU Direxion Daily MSFT Bull 2X Shares | 6.27% | 7.00% | 2.11% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.41% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
MSFU vs. TQQQ - Drawdown Comparison
The maximum MSFU drawdown since its inception was -48.11%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for MSFU and TQQQ.
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Volatility
MSFU vs. TQQQ - Volatility Comparison
Direxion Daily MSFT Bull 2X Shares (MSFU) and ProShares UltraPro QQQ (TQQQ) have volatilities of 16.67% and 16.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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