MSFDvsTZAETF Comparison
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Direxion Daily MSFT Bear 1X Shares (MSFD) and Direxion Daily Small Cap Bear 3x Shares ETF - USD (TZA) 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 TZA. MSFD is down -14.51% year-to-date (YTD) with +$2M in YTD flows. TZA performs worse with -29.82% YTD performance, and +$72M in YTD flows. Run a side-by-side ETF comparison of MSFD and TZA 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 TZA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/19/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MSFD TZA | -5.85%+16.98% | -26.53%+25.01% | -14.51%-29.82% | -8.48%-29.59% | -39.46%-83.89% | n/a-78.81% |
| Flows | MSFD TZA | -$1M-$38M | +$1M-$52M | +$2M+$72M | +$2M+$19M | +$9M+$324M | --$6M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MSFD TZA | +38.63%+41.91% | +32.77%+53.95% | +26.24%+63.11% | n/a+67.33% |
| Max drawdown | MSFD TZA | -31.58%-15.18% | -37.23%-60.82% | -41.44%-89.93% | n/a-92.08% |
| Max drawdown duration | MSFD TZA | 85d42d | 204d333d | 1093d1086d | n/a1586d |
Trading data
MSFD | TZA | |
Last sale 10/20/2026 at 1:30 PM | $9.64 | $48.57 |
| Previous close 10/19/2026 | $9.60 | $51.05 |
| Consolidated volume 10/19/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 20, 2026
1-year trailing difference
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MSFD | TZA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
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Main metrics
Last update 10/20/2026 at 1:30 PM
Live
Closed
MSFD | TZA | |
|---|---|---|
| Last price | $9.64 | $48.57 |
| 1D performance | +0.47% | -4.86% |
| AuM | $8.64 M | $249.85 M |
| E/R | 1.16% | 0.99% |
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Exposure
Exposure data will be available soon
Frequently asked questions about MSFD and TZA
How have the MSFD and TZA ETFs performed in 2026?
As of October 19, 2026, MSFD is down -14.51% year-to-date (YTD), while TZA has lost -29.82%. That puts MSFD better performer ahead so far this year.
Which ETF is attracting more investor money: MSFD or TZA?
Year-to-date, the MSFD ETF saw +$2M in flows, compared to +$72M for TZA.
Which ETF is more volatile: MSFD or TZA?
Over the past year, MSFD had a volatility of 32.77%, while TZA experienced 53.95%.
Which ETF is bigger: MSFD or TZA?
As of October 19, 2026, MSFD holds $8.64 M in assets under management (AUM), while TZA manages $249.85 M.
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Latest news about MSFD & TZA
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