MSFDvsSPDNETF Comparison
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Direxion Daily MSFT Bear 1X Shares (MSFD) and Direxion Daily S&P 500® Bear 1X Shares ETF (SPDN) belong to the same industry segment: Inverse Equity. MSFD is more expensive with a Total Expense Ratio (TER) of 1.16%, versus 0.54% for SPDN. MSFD is down -13.8% year-to-date (YTD) with +$1M in YTD flows. SPDN performs better with -7.46% YTD performance, and +$120M in YTD flows. Run a side-by-side ETF comparison of MSFD and SPDN below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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MSFD vs SPDN performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MSFD SPDN | -7.18%-0.90% | -26.16%-0.35% | -13.80%-7.46% | -8.58%-9.41% | -38.67%-33.57% | n/a-32.39% |
| Flows | MSFD SPDN | -$1M+$58M | +$923K+$65M | +$1M+$120M | +$757K+$195M | +$9M+$154M | -+$318M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MSFD SPDN | +38.73%+11.08% | +32.70%+12.55% | +26.20%+14.92% | n/a+17.22% |
| Max drawdown | MSFD SPDN | -31.58%-6.04% | -37.23%-17.44% | -41.44%-39.28% | n/a-44.82% |
| Max drawdown duration | MSFD SPDN | 82d79d | 201d200d | 1090d1083d | n/a1465d |
Trading data
MSFD | SPDN | |
Last sale 10/19/2026 at 6:18 PM | $9.59 | $8.46 |
| Previous close 10/16/2026 | $9.68 | $8.51 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 19, 2026
1-year trailing difference
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MSFD | SPDN | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
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Main metrics
Last update 10/19/2026 at 6:18 PM
Live
Closed
MSFD | SPDN | |
|---|---|---|
| Last price | $9.59 | $8.46 |
| 1D performance | -0.93% | -0.59% |
| AuM | $8.47 M | $288.18 M |
| E/R | 1.16% | 0.54% |
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Exposure
Exposure data will be available soon
Frequently asked questions about MSFD and SPDN
How have the MSFD and SPDN ETFs performed in 2026?
As of October 16, 2026, MSFD is down -13.8% year-to-date (YTD), while SPDN has lost -7.46%. That puts SPDN better performer ahead so far this year.
Which ETF is attracting more investor money: MSFD or SPDN?
Year-to-date, the MSFD ETF saw +$1M in flows, compared to +$120M for SPDN.
Which ETF is more volatile: MSFD or SPDN?
Over the past year, MSFD had a volatility of 32.7%, while SPDN experienced 12.55%.
Which ETF is bigger: MSFD or SPDN?
As of October 16, 2026, MSFD holds $8.47 M in assets under management (AUM), while SPDN manages $288.18 M.
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Latest news about MSFD & SPDN
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