NBIG vs. MSFU

Last updated Jun 4, 2026

NBIG (Leverage Shares 2X Long NBIS Daily ETF) and MSFU (Direxion Daily MSFT Bull 2X Shares) are both Leveraged Equities funds. NBIG is actively managed, while MSFU is passively managed. At a 0.18 correlation, their price movements are largely independent. NBIG charges 0.75%/yr vs 1.04%/yr for MSFU.

Performance

NBIG vs. MSFU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long NBIS Daily ETF (NBIG) 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, NBIG achieves a 453.13% return, which is significantly higher than MSFU's -27.75% return.

NBIG

• 1D: -6.73%
• 1M: 83.04%
• YTD: 453.13%
• 6M: 273.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSFU

• 1D: -6.29%
• 1M: 5.53%
• YTD: -27.75%
• 6M: -26.97%
• 1Y: -26.68%
• 3Y*: -0.38%
• 5Y*: —
• 10Y*: —

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

NBIG vs. MSFU - Yearly Performance Comparison

	2026 (YTD)	2025
NBIG Leverage Shares 2X Long NBIS Daily ETF	453.13%	-62.34%
MSFU Direxion Daily MSFT Bull 2X Shares	-27.75%	-19.32%

Correlation

The correlation between NBIG and MSFU is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 28, 2025	0.18

Return for Risk

NBIG vs. MSFU — 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: 4
MSFU Calmar Ratio Rank: 5
MSFU Martin Ratio Rank: 5

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.

NBIG vs. MSFU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long NBIS Daily ETF (NBIG) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	NBIG	MSFU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.21	0.19	+1.02

Drawdowns

NBIG vs. MSFU - Drawdown Comparison

The maximum NBIG drawdown since its inception was -75.83%, which is greater than MSFU's maximum drawdown of -59.83%. Use the drawdown chart below to compare losses from any high point for NBIG and MSFU.

Drawdown Indicators

	NBIG	MSFU	Difference
Max Drawdown Largest peak-to-trough decline	-75.83%	-59.83%	-16.00%
Max Drawdown (1Y) Largest decline over 1 year	—	-59.83%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-59.83%	—
Current Drawdown Current decline from peak	-9.57%	-44.08%	+34.51%
Average Drawdown Average peak-to-trough decline	-43.08%	-16.51%	-26.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	30.95%	—

Volatility

Volatility by Period

	NBIG	MSFU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	19.77%	—
Volatility (6M) Calculated over the trailing 6-month period	—	45.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	201.21%	50.14%	+151.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	201.21%	46.32%	+154.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	201.21%	46.32%	+154.89%

NBIG vs. MSFU - Expense Ratio Comparison

NBIG has a 0.75% expense ratio, which is lower than MSFU's 1.04% expense ratio.

Dividends

NBIG vs. MSFU - Dividend Comparison

NBIG has not paid dividends to shareholders, while MSFU's dividend yield for the trailing twelve months is around 10.95%.

Position	TTM	2025	2024	2023	2022
MSFU Direxion Daily MSFT Bull 2X Shares	10.95%	8.15%	7.00%	2.11%	0.54%
NBIG Leverage Shares 2X Long NBIS Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NBIG and MSFU in my portfolio?

NBIG and MSFU have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NBIG or MSFU?

On fees, NBIG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NBIG or MSFU?

NBIG is cheaper with a 0.75% expense ratio, compared with 1.04% for MSFU.

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

MSFU has the higher dividend yield at 10.95%, compared with 0.00% for NBIG.

What is the main difference between NBIG and MSFU?

They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for NBIG and 1.04% for MSFU.