MSFW vs. MSFU

Last updated Aug 4, 2026

MSFW (Roundhill MSFT WeeklyPay™ ETF) and MSFU (Direxion Daily MSFT Bull 2X Shares) are both exchange-traded funds - MSFW is a Derivative Income fund actively managed by Roundhill, while MSFU is a Leveraged Equities fund tracking the Microsoft Corporation (200%). MSFW is actively managed, while MSFU is passively managed. Over the past year, MSFW returned -11.69% vs -28.10% for MSFU. Their 0.99 correlation means they have historically moved very closely together. MSFW charges 0.99%/yr vs 0.98%/yr for MSFU.

Performance

MSFW vs. MSFU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill MSFT WeeklyPay™ ETF (MSFW) and Direxion Daily MSFT Bull 2X Shares (MSFU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSFW achieves a -1.17% return, which is significantly higher than MSFU's -10.96% return.

MSFW

• 1D: 6.13%
• 1M: 29.95%
• 6M: 16.42%
• YTD: -1.17%
• 1Y: -11.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -8.65%

MSFU

• 1D: 9.75%
• 1M: 51.33%
• 6M: 19.17%
• YTD: -10.96%
• 1Y: -28.10%
• 3Y*: 8.60%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.47%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MSFU Direxion Daily MSFT Bull 2X Shares	$265.07M	$217.19M	$221.73M
MSFW Roundhill MSFT WeeklyPay™ ETF	$682.19K	$485.58K	$595.84K

MSFW vs. MSFU - Yearly Performance Comparison

	2026 (YTD)	2025
MSFW Roundhill MSFT WeeklyPay™ ETF	-1.17%	-7.80%
MSFU Direxion Daily MSFT Bull 2X Shares	-10.96%	-13.90%

Correlation

The correlation between MSFW and MSFU is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.99
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.99

The correlation between MSFW and MSFU has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

MSFW vs. MSFU - Sectors Allocation Comparison

Sectors	MSFW	MSFU
Technology	22.3%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

MSFW vs. MSFU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MSFW

MSFW Risk / Return Rank: 7
MSFW Sharpe Ratio Rank: 7
MSFW Sortino Ratio Rank: 7
MSFW Omega Ratio Rank: 7
MSFW Calmar Ratio Rank: 7
MSFW Martin Ratio Rank: 8

MSFU

MSFU Risk / Return Rank: 6
MSFU Sharpe Ratio Rank: 6
MSFU Sortino Ratio Rank: 7
MSFU Omega Ratio Rank: 6
MSFU Calmar Ratio Rank: 6
MSFU Martin Ratio Rank: 6

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MSFW vs. MSFU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill MSFT WeeklyPay™ ETF (MSFW) and Direxion Daily MSFT Bull 2X Shares (MSFU). 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.

	MSFW	MSFU	Difference
Sharpe ratio: Return per unit of total volatility	-0.30	-0.44	+0.14
Sortino ratio: Return per unit of downside risk	-0.20	-0.32	+0.12
Omega ratio: Gain probability vs. loss probability	0.98	0.96	+0.01
Calmar ratio: Return relative to maximum drawdown	-0.28	-0.45	+0.17
Martin ratio: Return relative to average drawdown	-0.49	-0.75	+0.25

MSFW vs. MSFU - Sharpe Ratio Comparison

The current MSFW Sharpe Ratio is -0.30, which is higher than the MSFU Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of MSFW and MSFU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MSFW vs. MSFU - Drawdown Comparison

The maximum MSFW drawdown since its inception was -41.85%, smaller than the maximum MSFU drawdown of -62.43%. Use the drawdown chart below to compare losses from any high point for MSFW and MSFU.

Drawdown Indicators

	MSFW	MSFU	Difference
Max Drawdown Largest peak-to-trough decline	-41.85%	-62.43%	+20.58%
Max Drawdown (1Y) Largest decline over 1 year	-41.85%	-62.43%	+20.58%
Max Drawdown (3Y) Largest decline over 3 years	—	-62.43%	—
Current Drawdown Current decline from peak	-14.54%	-31.08%	+16.54%
Average Drawdown Average peak-to-trough decline	-19.91%	-18.03%	-1.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.81%	37.74%	-13.93%

Volatility

MSFW vs. MSFU - Volatility Comparison

The current volatility for Roundhill MSFT WeeklyPay™ ETF (MSFW) is 19.19%, while Direxion Daily MSFT Bull 2X Shares (MSFU) has a volatility of 30.61%. This indicates that MSFW experiences smaller price fluctuations and is considered to be less risky than MSFU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSFW	MSFU	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.19%	30.61%	-11.42%
Volatility (6M) Calculated over the trailing 6-month period	32.17%	52.11%	-19.94%
Volatility (1Y) Calculated over the trailing 1-year period	38.68%	63.58%	-24.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.51%	49.79%	-11.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.51%	49.79%	-11.28%

MSFW vs. MSFU - Expense Ratio Comparison

MSFW has a 0.99% expense ratio, which is higher than MSFU's 0.98% expense ratio.

Dividends

MSFW vs. MSFU - Dividend Comparison

MSFW's dividend yield for the trailing twelve months is around 40.59%, more than MSFU's 8.31% yield.

Position	TTM	2025	2024	2023	2022
MSFU Direxion Daily MSFT Bull 2X Shares	8.31%	8.15%	7.00%	2.11%	0.54%
MSFW Roundhill MSFT WeeklyPay™ ETF	40.59%	20.25%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MSFW and MSFU in my portfolio?

With a correlation of 0.99, MSFW and MSFU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, MSFW or MSFU?

MSFU has higher volatility (30.61%) compared to MSFW (19.19%). In terms of maximum drawdown, MSFW dropped -41.85% vs MSFU's -62.43%.

Which ETF is better, MSFW or MSFU?

On 1-year performance, MSFW leads with -11.69% vs -28.10% for MSFU. On fees, MSFU is cheaper at 0.98% per year. On volatility, MSFW has been the lower-risk option at 19.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSFW or MSFU?

Over the 1-year period, MSFW has performed better with a -11.69% return vs -28.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSFW or MSFU?

MSFU is cheaper with a 0.98% expense ratio, compared with 0.99% for MSFW.

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

MSFW has the higher dividend yield at 40.59%, compared with 8.31% for MSFU.

What is the main difference between MSFW and MSFU?

MSFW is categorized as Derivative Income, while MSFU is Leveraged Equities. They also come from different issuers: Roundhill and Direxion. Their fees differ too: 0.99% for MSFW and 0.98% for MSFU.

Which has better risk-adjusted returns?

MSFW currently has the higher Sharpe Ratio (-0.30 vs -0.44), 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.