MSFDvsSQQQETF Comparison
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Direxion Daily MSFT Bear 1X Shares (MSFD) and ProShares UltraPro Short QQQ ETF - USD (SQQQ) belong to the same industry segment: Inverse Equity. MSFD is more expensive with a Total Expense Ratio (TER) of 1.16%, versus 0.99% for SQQQ. MSFD is down -13.8% year-to-date (YTD) with +$1M in YTD flows. SQQQ performs worse with -42% YTD performance, and +$1.18B in YTD flows. Run a side-by-side ETF comparison of MSFD and SQQQ 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 SQQQ 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 SQQQ | -7.18%-2.90% | -26.16%-3.53% | -13.80%-42.00% | -8.58%-46.40% | -38.67%-89.91% | n/a-94.85% |
| Flows | MSFD SQQQ | -$1M+$55M | +$923K+$54M | +$1M+$1.18B | +$757K+$614M | +$9M+$4.46B | -+$9.43B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MSFD SQQQ | +38.73%+56.43% | +32.70%+59.35% | +26.20%+61.89% | n/a+69.63% |
| Max drawdown | MSFD SQQQ | -31.58%-34.74% | -37.23%-63.91% | -41.44%-93.34% | n/a-97.59% |
| Max drawdown duration | MSFD SQQQ | 82d79d | 201d200d | 1090d1086d | n/a1583d |
Trading data
MSFD | SQQQ | |
Last sale 10/19/2026 at 1:30 PM | $9.60 | $37.52 |
| Previous close 10/16/2026 | $9.68 | $38.90 |
| 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 | SQQQ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
MSFD | SQQQ | |
|---|---|---|
| Last price | $9.60 | $37.52 |
| 1D performance | -0.88% | -3.55% |
| AuM | $8.47 M | $2.15 B |
| E/R | 1.16% | 0.99% |
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Exposure
Exposure data will be available soon
Frequently asked questions about MSFD and SQQQ
How have the MSFD and SQQQ ETFs performed in 2026?
As of October 16, 2026, MSFD is down -13.8% year-to-date (YTD), while SQQQ has lost -42%. That puts MSFD better performer ahead so far this year.
Which ETF is attracting more investor money: MSFD or SQQQ?
Year-to-date, the MSFD ETF saw +$1M in flows, compared to +$1.18B for SQQQ.
Which ETF is more volatile: MSFD or SQQQ?
Over the past year, MSFD had a volatility of 32.7%, while SQQQ experienced 59.35%.
Which ETF is bigger: MSFD or SQQQ?
As of October 16, 2026, MSFD holds $8.47 M in assets under management (AUM), while SQQQ manages $2.15 B.
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Latest news about MSFD & SQQQ
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