Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
Direxion Daily MSFT Bull 2X Shares
BThis 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.
$43.97+0.40 (+0.92%)
- 0.98%
- $532M
- −6.4%
- 7.22%
- 5.5M sh
- $42.64
- low $19.47high $58.89
The ETF.net MSFU Grade
B
Score 64 out of 100
- 22 of 380
Score 64 of 100 falls in the B 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.B56 out of 100Rank 167 of 380Mission
Whether the fund did what it promised, tested against its stated mandate.A82 out of 100Rank 120 of 148Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B57 out of 100Rank 129 of 363Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A80 out of 100Rank 42 of 380Holdings
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.A87 out of 100Rank 2 of 380
Our read on MSFU
BA day-trading dial on Microsoft: MSFU targets 200% of MSFT's daily move, then resets every night. It launched as a 1.5x fund and was re-geared to a full 2x in April 2024, so today's version is the more aggressive one.
The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of Microsoft Corporation common shares.
Why people hold it
- The mandate is one line: 200% of Microsoft's daily move, before fees and expenses. No stock picking, no index committee, one name and one multiple.direxion.com
- Fee is 0.98%, a shade under the going rate in the leveraged single-stock aisle, where 2x peers such as GGLL and AAPU also cluster near 1%.
- Among the more heavily traded funds in its category, and Direxion runs a bear-side twin (MSFD) for exposure in the other direction.direxion.com
- Trading since 2022, which makes it a veteran in a fund category that barely existed before then.
Worth knowing
- The daily reset compounds. Over any stretch longer than a day, results can drift well away from 2x MSFT's move for that period, and choppy tape widens the gap.sec.gov
- One company, no cushion. An earnings miss or a headline at Microsoft lands here at double strength, with nothing else in the portfolio to soften it.sec.gov
- Direxion's own filings describe the fund as riskier than unleveraged alternatives and built around a one-day holding period, not the back of a drawer.sec.gov
MSFU Holdings
- Stocks
- 7
- 100%
- Msft Swap Asset Leg (Msftctl)
Sectors
- Technology100.0%
Geography
- United States100.00%
MSFU 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.
MSFU$9,359
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 | MSFU |
|---|---|
| Year to date | +7.2% |
| 1 month | +17.9% |
| 3 months | +87.2% |
| 1 year | −6.4% |
| 3 years | +15.5% |
| 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 | MSFU |
|---|---|---|
| 2026 YTD | +7.2% | |
| 2025 | +13.7% | |
| 2024 | +5.8% | |
| 2023 | +83.1% | |
| 2022 | −13.3% |
MSFU in the news
MSFU Dividends
- 7.22%
- $3.14
- $0.30 per share
- Quarterly
Distribution history
MSFU 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.
- 56.5%
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.
- 0.42
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.
- −62.3%
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.
- 2.10
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MSFU Cost
0.98%
MSFU0.98%
- The middle half of Single-Stock Long Leveraged funds
- Median 0.98%
166 of the 333 Single-Stock Long Leveraged funds charge less.
Other funds in Single-Stock Long Leveraged
- BBOEGLeverage Shares 2X Long BA Daily ETFExpense ratio 0.75%1 year return −35.9%
- BHOOGLeverage Shares 2x Long HOOD Daily ETFExpense ratio 0.75%1 year return −68.6%
- BSKCorgi ETF Trust I - Corgi SK hynix 2x Daily ETFExpense ratio 0.50%1 year return —
- BCRCGLeverage Shares 2x Long CRCL Daily ETFExpense ratio 0.75%1 year return −86.5%
- BECHXLeverage Shares 2X Long SATS Daily ETFExpense ratio 0.75%1 year return —