Direxion Daily MSFT Bull 2X Shares
$37.47+0.26 (+0.69%)
- Expense ratio
- 0.98%
- Fund size
- $517M
- 1Y return
- −21.8%
- Yield · Last 12 months
- 8.96%
- Holdings
- 10
- Volume · 30D
- 6.4M sh
- NAV per share
- $37.53
- 52W range
The ETF.net MSFU Grade
Score 67 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 56Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 83Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 58Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 94Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 87Category rank
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
- 10
- 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.
Returns run to the Sep 22, 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 | −8.4% |
| 1 month | +5.0% |
| 3 months | +73.6% |
| 1 year | −21.8% |
| 3 years | +11.9% |
| 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 | −8.4% | |
| 2025 | +13.7% | |
| 2024 | +5.8% | |
| 2023 | +83.1% | |
| 2022 | −13.3% |
MSFU in the news
ETF.net Research hasn’t filed on MSFU yet — coverage lands here as it’s written.
MSFU Dividends
- 8.96%
- $3.34
- $0.30 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 22, 2026 | Pays Sep 29, 2026 | $0.30 |
| Jun 23, 2026 | Jun 30, 2026 | $0.14 |
| Mar 24, 2026 | Mar 31, 2026 | $0.13 |
| Dec 23, 2025 | Dec 31, 2025 | $0.27 |
| Dec 10, 2025 | Dec 17, 2025 | $2.30 |
| Sep 23, 2025 | Sep 30, 2025 | $0.19 |
| Jun 24, 2025 | Jul 1, 2025 | $0.37 |
| Mar 25, 2025 | Apr 1, 2025 | $0.25 |
| Dec 23, 2024 | Dec 31, 2024 | $0.40 |
| Dec 12, 2024 | Dec 19, 2024 | $1.36 |
| Sep 24, 2024 | Oct 1, 2024 | $0.33 |
| Jun 25, 2024 | Jul 2, 2024 | $0.37 |
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.
- 56.7%
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.
- 0.38
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.
- 2.26
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
- The middle half of Single-Stock Long Leveraged funds
- Median 0.98%
164 of the 329 Single-Stock Long Leveraged funds charge less.