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MSFDvsSPXSETF Comparison

ETF 1
MSFD

Direxion Daily MSFT Bear 1X Shares

This fund is part of
Inverse Equity
+0%
VS
ETF 2
SPXS

Direxion Daily S&P 500 Bear 3X Shares

This fund is part of
Inverse Equity
+0%

Direxion Daily MSFT Bear 1X Shares (MSFD) and Direxion Daily S&P 500 Bear 3X Shares (SPXS) belong to the same industry segment: Inverse Equity. MSFD is more expensive with a Total Expense Ratio (TER) of 1.16%, versus 1.04% for SPXS. MSFD is down -14.23% year-to-date (YTD) with +$2M in YTD flows. SPXS performs worse with -29.21% YTD performance, and +$129M in YTD flows. Run a side-by-side ETF comparison of MSFD and SPXS 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 SPXS performance and flow charts

Performance

-8.0-6.0-4.0-2.00.02.04.0%Sep 21Sep 28Oct 5Oct 12Oct 19

Cumulative Flows

-30 M-20 M-10 M0 M10 M20 MSep 21Sep 28Oct 5Oct 12Oct 19

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Historic performance and flows
Data as of 10/20/2026
1M3MYTD1Y3Y5Y
Perf.
MSFD
SPXS
-5.54%+2.79%
-26.28%-9.05%
-14.23%-29.21%
-8.17%-32.04%
-40.14%-83.33%
n/a-85.49%
Flows
MSFD
SPXS
-$1M-$13M
+$1M+$49M
+$2M+$129M
+$2M+$55M
+$9M+$441M
-+$1.03B
Volatility and drawdown
3M1Y3Y5Y
Volatility
MSFD
SPXS
+38.36%+32.72%
+32.70%+37.54%
+26.22%+44.67%
n/a+50.79%
Max drawdown
MSFD
SPXS
-31.58%-17.54%
-37.23%-46.32%
-41.44%-85.28%
n/a-90.82%
Max drawdown duration
MSFD
SPXS
86d83d
205d204d
1094d1087d
n/a1587d
Trading data

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MSFD
SPXS
Last sale
10/21/2026 at 1:30 PM
$9.62
$23.91
Previous close
10/20/2026
$9.62
$24.27
Consolidated volume
10/20/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of October 22, 2026
1-year trailing difference

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MSFD
SPXS
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 10/21/2026 at 1:30 PM
Live
Closed
MSFD
SPXS
Last price
$9.62
$23.91
1D performance
+0.00%
-1.48%
AuM$8.67 M$333.74 M
E/R1.16%1.04%
Characteristics
MSFD
SPXS
Management strategyPassivePassive
ProviderDirexionDirexion
BenchmarkMicrosoftS&P 500 Index
N° of holdings--
Asset classEquitiesEquities
Trailing 12m distribution yield
Join
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Inception dateSeptember 7, 2022November 5, 2008
ESGNoNo
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Exposure

Exposure data will be available soon

Frequently asked questions about MSFD and SPXS

How have the MSFD and SPXS ETFs performed in 2026?

As of October 20, 2026, MSFD is down -14.23% year-to-date (YTD), while SPXS has lost -29.21%. That puts MSFD better performer ahead so far this year.

Which ETF is attracting more investor money: MSFD or SPXS?

Year-to-date, the MSFD ETF saw +$2M in flows, compared to +$129M for SPXS.

Which ETF is more volatile: MSFD or SPXS?

Over the past year, MSFD had a volatility of 32.7%, while SPXS experienced 37.54%.

Which ETF is bigger: MSFD or SPXS?

As of October 20, 2026, MSFD holds $8.67 M in assets under management (AUM), while SPXS manages $333.74 M.

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