Direxion Daily MSFT Bear 1X ETF
AThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$9.43−0.04 (−0.42%)
- 1.16%
- $7M
- −10.6%
- 4.39%
- 1.4M sh
- $9.57
- low $9.44high $15.33
The ETF.net MSFD Grade
A
Score 79 out of 100
- 7 of 58
Score 79 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A79 out of 100Rank 13 of 58Mission
Whether the fund did what it promised, tested against its stated mandate.A99 out of 100Rank 2 of 32Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A77 out of 100Rank 4 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B56 out of 100Rank 20 of 58Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B62 out of 100Rank 15 of 58
Our read on MSFD
AShorting Microsoft the old way means a margin account and borrowed shares. MSFD compresses that into one ticker, aiming to mirror the inverse of MSFT's daily move with no leverage stacked on top.
The fund seeks daily investment results, before fees and expenses, that correspond to the inverse performance of Microsoft Corporation's common shares.
Why people hold it
- A mirror, not an amplifier. The fund targets -1x Microsoft's daily move, so the daily math is the plain opposite rather than a doubled one.
- Short exposure arrives as an ordinary ETF share bought in a regular brokerage account, not as a short sale you have to open and maintain.
- It has tracked its stated daily inverse target tightly, which puts it among the stronger implementations in the inverse single-stock group.
- The 1.16% annual fee runs below the typical inverse single-stock fund, though bear funds on other names charge less (AAPD 0.96%, TSLS 0.95%).
Worth knowing
- The -1x target resets every day. Hold longer and choppy trading can pull your result away from the inverse of Microsoft's move over that stretch.
- One stock drives everything. There is no diversification here, only Microsoft's daily direction, flipped.
- It is one of the smaller funds in its category, so bid-ask spreads can run wider than on the headline bear tickers.
MSFD Holdings
- Other
- 3
- 1169%
- Dreyfus Govt Cash Man Ins
MSFD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
MSFD$8,936
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MSFD |
|---|---|
| Year to date | −15.7% |
| 1 month | −8.2% |
| 3 months | −30.7% |
| 1 year | −10.6% |
| 3 years | −15.8% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MSFD |
|---|---|---|
| 2026 YTD | −15.7% | |
| 2025 | −13.4% | |
| 2024 | −7.8% | |
| 2023 | −35.9% | |
| 2022 | +3.9% |
MSFD in the news
MSFD Dividends
- 4.39%
- $0.42
- $0.08 per share
- Quarterly
Distribution history
MSFD Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 27.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.63
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −62.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- −1.16
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MSFD Cost
1.16%
MSFD1.16%
- The middle half of Single-Stock Inverse funds
- Median 1.35%
12 of the 43 Single-Stock Inverse funds charge less.
Other funds in Single-Stock Inverse
- APLTDDirexion Shares ETF Trust - Direxion Daily PLTR Bear 1X ETFExpense ratio 0.99%1 year return −36.9%
- ATSLQTradr 2X Short TSLA Daily ETFExpense ratio 1.23%1 year return −29.7%
- AAMZDDirexion Daily AMZN Bear 1X ETFExpense ratio 1.26%1 year return −21.4%
- AGGLSDirexion Daily GOOGL Bear 1X ETFExpense ratio 1.20%1 year return −36.1%
- ASKHZThemes ETF Trust - Leverage Shares 1X Short SK Hynix Daily ETFExpense ratio 0.75%1 year return —