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Launched

Direxion Daily MSFT Bull 2X Shares

MSFUNasdaqDirexionBThis 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.

$37.98−2.30 (−5.71%)

At close: Nov 2, 2026, 4:00 PM ET

B62/ 100

Rank 29 of 380 in Single-Stock Long Leveraged

B62/100Rank 29 of 380inSingle-Stock Long Leveraged
Intraday session: down, 79 prints from 40.28 to 37.98. Range 37.95 to 41.38. Use the arrow keys to read each point.39.0041.0010 AM12 PM2 PM4 PM
Expense ratio
0.98%
Fund size
$416M
1Y total return
−15.3%
Yield · Last 12 months
7.81%
Holdings
7
Avg volume · 30D
5.35M sh
52W range
low $19.47high $52.88
Launched

The ETF.net MSFU Grade

Based on 5 of 6 pillars

B

Score 62 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
29 of 380
Six-pillar profile for MSFU. Scores out of 100: Cost 54, Risk 61, Mission 81, Tradability 70, Holdings not scored, Durability 87. Strongest: Durability (87). Weakest: Cost (54). Based on 5 of 6 pillars.

Score 62 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.
    C54 out of 100
    Rank 169 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A81 out of 100
    Rank 118 of 150

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B61 out of 100
    Rank 107 of 368

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A70 out of 100
    Rank 85 of 380

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A87 out of 100
    Rank 2 of 380

Our read on MSFU

ETF.net Research

In short

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.

Stated mandate

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 Performance

Launched Sep 7, 2022

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$8,473
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. MSFU $8,473. SPY $11,199. Use the arrow keys to read each point.$5,000$7,500$10,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for MSFU. Periods over one year show the average yearly return.
PeriodMSFU
Year to date−0.9%
1 month+2.5%
3 months+22.2%
1 year−15.3%
3 yearsper year+11.5%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MSFU
YearReturn barMSFU
2026 YTD−0.9%
2025+13.7%
2024+5.8%
2023+83.1%
2022−13.3%

Since listing, Sep 7, 2022

MSFU in the news

MSFU Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
7.81%Last 12 months
Payout per share
$3.14Last 12 months
Last payment
$0.30 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2022–2026

One bar per payment. 19 payments from 2022 to 2026 YTD. Sep 20, 2022 $0.0062; Dec 20, 2022 $0.11; Mar 21, 2023 $0.09; Jun 21, 2023 $0.18; Sep 19, 2023 $0.26; Dec 21, 2023 $0.30; Mar 19, 2024 $0.31; Jun 25, 2024 $0.37; Sep 24, 2024 $0.33; Dec 12, 2024 $1.36; Dec 23, 2024 $0.40; Mar 25, 2025 $0.25; Jun 24, 2025 $0.37; Sep 23, 2025 $0.19; Dec 10, 2025 $2.30; Dec 23, 2025 $0.27; Mar 24, 2026 $0.13; Jun 23, 2026 $0.14; Sep 22, 2026 $0.30. Use the arrow keys to read each point.20222023202420252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 29, 2026$0.30
Jun 23, 2026Jun 30, 2026$0.14
Mar 24, 2026Mar 31, 2026$0.13
Dec 23, 2025Dec 31, 2025$0.27
Dec 10, 2025Dec 17, 2025$2.30
Sep 23, 2025Sep 30, 2025$0.19
Jun 24, 2025Jul 1, 2025$0.37
Mar 25, 2025Apr 1, 2025$0.25
Dec 23, 2024Dec 31, 2024$0.40
Dec 12, 2024Dec 19, 2024$1.36
Sep 24, 2024Oct 1, 2024$0.33
Jun 25, 2024Jul 2, 2024$0.37

See all 19 payments⁠

$10,000 in MSFU 3 years ago paid $1,920 in dividends.⁠

MSFU Risk

Risk pillarB61 out of 100Rank 107 of 368 in Single-Stock Long Leveraged

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.

How much the fund’s monthly returns vary, scaled to a year.
56.3%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.38
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−62.3%
49 months · trough Jun 2026
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.

How strongly the fund’s returns move with its asset-class index.
1.84
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

MSFU Cost

Compare MSFU and GOGL

Overpaying vs GOGL, tied cheapest in Single-Stock Long Leveraged

$14,207

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MSFU 0.98%

    $18,362

  • GOGL 0.20% Tied cheapest

    $4,155

$10,000
30 years

Cost over time

  • MSFU 0.98%
  • GOGL 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530MSFU $18,362GOGL $4,155

Year by year

YearMSFUGOGLOverpaying
10$1,729$365$1,364
20$6,504$1,421$5,083
30$18,362$4,155$14,207

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