OILD vs. MSFD
Compare and contrast key facts about MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) and Direxion Daily MSFT Bear 1X Shares (MSFD).
OILD and MSFD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OILD is a passively managed fund by REX that tracks the performance of the Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%). It was launched on Nov 8, 2021. MSFD is a passively managed fund by Direxion that tracks the performance of the Microsoft Corporation (-100%). It was launched on Sep 6, 2022. Both OILD and MSFD 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
OILD vs. MSFD - Performance Comparison
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OILD vs. MSFD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | -63.64% | -41.67% | -14.58% | -19.58% | -40.05% |
MSFD Direxion Daily MSFT Bear 1X Shares | 28.73% | -13.36% | -7.86% | -35.90% | 3.88% |
Returns By Period
In the year-to-date period, OILD achieves a -63.64% return, which is significantly lower than MSFD's 28.73% return.
OILD
- 1D
- 3.60%
- 1M
- -28.44%
- YTD
- -63.64%
- 6M
- -65.88%
- 1Y
- -71.02%
- 3Y*
- -48.29%
- 5Y*
- —
- 10Y*
- —
MSFD
- 1D
- -3.15%
- 1M
- 6.11%
- YTD
- 28.73%
- 6M
- 38.42%
- 1Y
- -0.32%
- 3Y*
- -7.18%
- 5Y*
- —
- 10Y*
- —
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OILD vs. MSFD - Expense Ratio Comparison
OILD has a 0.95% expense ratio, which is lower than MSFD's 1.06% expense ratio.
Return for Risk
OILD vs. MSFD — Risk / Return Rank
OILD
MSFD
OILD vs. MSFD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) and Direxion Daily MSFT Bear 1X Shares (MSFD). 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.
| OILD | MSFD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.94 | -0.01 | -0.92 |
Sortino ratioReturn per unit of downside risk | -1.85 | 0.17 | -2.02 |
Omega ratioGain probability vs. loss probability | 0.80 | 1.02 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | -0.85 | 0.02 | -0.87 |
Martin ratioReturn relative to average drawdown | -1.37 | 0.03 | -1.40 |
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
| OILD | MSFD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.94 | -0.01 | -0.92 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.78 | -0.39 | -0.39 |
Correlation
The correlation between OILD and MSFD is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
OILD vs. MSFD - Dividend Comparison
OILD has not paid dividends to shareholders, while MSFD's dividend yield for the trailing twelve months is around 2.43%.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MSFD Direxion Daily MSFT Bear 1X Shares | 2.43% | 3.33% | 4.46% | 4.43% | 0.74% |
Drawdowns
OILD vs. MSFD - Drawdown Comparison
The maximum OILD drawdown since its inception was -98.90%, which is greater than MSFD's maximum drawdown of -59.90%. Use the drawdown chart below to compare losses from any high point for OILD and MSFD.
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Drawdown Indicators
| OILD | MSFD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.90% | -59.90% | -39.00% |
Max Drawdown (1Y)Largest decline over 1 year | -84.54% | -34.84% | -49.70% |
Current DrawdownCurrent decline from peak | -98.82% | -41.94% | -56.88% |
Average DrawdownAverage peak-to-trough decline | -88.24% | -41.28% | -46.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.46% | 25.22% | +27.24% |
Volatility
OILD vs. MSFD - Volatility Comparison
MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) has a higher volatility of 15.87% compared to Direxion Daily MSFT Bear 1X Shares (MSFD) at 6.60%. This indicates that OILD's price experiences larger fluctuations and is considered to be riskier than MSFD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OILD | MSFD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.87% | 6.60% | +9.27% |
Volatility (6M)Calculated over the trailing 6-month period | 42.00% | 18.84% | +23.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 76.09% | 26.78% | +49.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.40% | 25.77% | +53.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.40% | 25.77% | +53.63% |