MSFU vs. WTIU

Last updated Jun 5, 2026

MSFU (Direxion Daily MSFT Bull 2X Shares) and WTIU (MicroSectors Energy 3X Leveraged ETN) are both Leveraged Equities funds - MSFU tracks the Microsoft Corporation (150%) while WTIU tracks the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%). Both are passively managed. Over the past 3 years, MSFU returned -0.38%/yr vs 5.95%/yr for WTIU. At a correlation of -0.01, they often move in opposite directions. MSFU charges 1.04%/yr vs 0.95%/yr for WTIU.

Performance

MSFU vs. WTIU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily MSFT Bull 2X Shares (MSFU) and MicroSectors Energy 3X Leveraged ETN (WTIU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSFU achieves a -27.58% return, which is significantly lower than WTIU's 87.83% return.

MSFU

• 1D: 0.23%
• 1M: 7.06%
• YTD: -27.58%
• 6M: -27.68%
• 1Y: -26.77%
• 3Y*: -0.38%
• 5Y*: —
• 10Y*: —

WTIU

• 1D: -1.95%
• 1M: -8.81%
• YTD: 87.83%
• 6M: 63.25%
• 1Y: 112.38%
• 3Y*: 5.95%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MSFU vs. WTIU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MSFU Direxion Daily MSFT Bull 2X Shares	-27.58%	13.36%	5.80%	55.26%
WTIU MicroSectors Energy 3X Leveraged ETN	87.83%	-17.13%	-29.63%	-28.42%

Correlation

The correlation between MSFU and WTIU is -0.12, 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	-0.12
Correlation (3Y) Calculated over the trailing 3-year period	-0.03
Correlation (All Time) Calculated using the full available price history since Feb 16, 2023	-0.01

The correlation between MSFU and WTIU shifts across timeframes, from -0.12 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.

MSFU vs. WTIU - Sectors Allocation Comparison

Sectors	MSFU	WTIU
Technology	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	100.0%
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

MSFU vs. WTIU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MSFU

MSFU Risk / Return Rank: 5
MSFU Sharpe Ratio Rank: 4
MSFU Sortino Ratio Rank: 5
MSFU Omega Ratio Rank: 5
MSFU Calmar Ratio Rank: 5
MSFU Martin Ratio Rank: 5

WTIU

WTIU Risk / Return Rank: 47
WTIU Sharpe Ratio Rank: 49
WTIU Sortino Ratio Rank: 42
WTIU Omega Ratio Rank: 41
WTIU Calmar Ratio Rank: 59
WTIU Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MSFU vs. WTIU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MSFT Bull 2X Shares (MSFU) and MicroSectors Energy 3X Leveraged ETN (WTIU). 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	WTIU	Difference
Sharpe ratio: Return per unit of total volatility	-0.54	1.68	-2.22
Sortino ratio: Return per unit of downside risk	-0.48	2.10	-2.58
Omega ratio: Gain probability vs. loss probability	0.94	1.26	-0.33
Calmar ratio: Return relative to maximum drawdown	-0.45	2.89	-3.34
Martin ratio: Return relative to average drawdown	-0.86	7.08	-7.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSFU vs. WTIU - Sharpe Ratio Comparison

The current MSFU Sharpe Ratio is -0.54, which is lower than the WTIU Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of MSFU and WTIU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MSFU	WTIU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.54	1.68	-2.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	-0.10	+0.30

Drawdowns

MSFU vs. WTIU - Drawdown Comparison

The maximum MSFU drawdown since its inception was -59.83%, smaller than the maximum WTIU drawdown of -75.73%. Use the drawdown chart below to compare losses from any high point for MSFU and WTIU.

Drawdown Indicators

	MSFU	WTIU	Difference
Max Drawdown Largest peak-to-trough decline	-59.83%	-75.73%	+15.90%
Max Drawdown (1Y) Largest decline over 1 year	-59.83%	-39.11%	-20.72%
Max Drawdown (3Y) Largest decline over 3 years	-59.83%	-75.73%	+15.90%
Current Drawdown Current decline from peak	-43.94%	-33.42%	-10.52%
Average Drawdown Average peak-to-trough decline	-16.54%	-39.18%	+22.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.08%	15.92%	+15.16%

Volatility

MSFU vs. WTIU - Volatility Comparison

The current volatility for Direxion Daily MSFT Bull 2X Shares (MSFU) is 19.71%, while MicroSectors Energy 3X Leveraged ETN (WTIU) has a volatility of 27.11%. This indicates that MSFU experiences smaller price fluctuations and is considered to be less risky than WTIU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSFU	WTIU	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.71%	27.11%	-7.40%
Volatility (6M) Calculated over the trailing 6-month period	45.31%	54.96%	-9.65%
Volatility (1Y) Calculated over the trailing 1-year period	50.14%	67.43%	-17.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.30%	70.58%	-24.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.30%	70.58%	-24.28%

MSFU vs. WTIU - Expense Ratio Comparison

MSFU has a 1.04% expense ratio, which is higher than WTIU's 0.95% expense ratio.

Dividends

MSFU vs. WTIU - Dividend Comparison

MSFU's dividend yield for the trailing twelve months is around 10.93%, while WTIU has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
MSFU Direxion Daily MSFT Bull 2X Shares	10.93%	8.15%	7.00%	2.11%	0.54%
WTIU MicroSectors Energy 3X Leveraged ETN	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MSFU and WTIU in my portfolio?

MSFU and WTIU have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSFU or WTIU?

WTIU has higher volatility (27.11%) compared to MSFU (19.71%). In terms of maximum drawdown, MSFU dropped -59.83% vs WTIU's -75.73%.

Which ETF is better, MSFU or WTIU?

On 3-year performance, WTIU leads with 5.95% vs -0.38% for MSFU. On fees, WTIU is cheaper at 0.95% per year. On volatility, MSFU has been the lower-risk option at 19.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSFU or WTIU?

Over the 3-year period, WTIU has performed better with a 5.95% return vs -0.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSFU or WTIU?

WTIU is cheaper with a 0.95% expense ratio, compared with 1.04% for MSFU.

Which ETF pays a higher dividend yield, MSFU or WTIU?

MSFU has the higher dividend yield at 10.93%, compared with 0.00% for WTIU.

What is the main difference between MSFU and WTIU?

MSFU tracks Microsoft Corporation (150%), while WTIU tracks Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%). They also come from different issuers: Direxion and REX. Their fees differ too: 1.04% for MSFU and 0.95% for WTIU.

Which has better risk-adjusted returns?

WTIU currently has the higher Sharpe Ratio (1.68 vs -0.54), 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.