Skip to content
etf.net

MSFD vs SKHZ

Direxion Daily MSFT Bear 1X ETF

MSFDANasdaq

Leverage Shares 1X Short SK Hynix Daily ETF

SKHZACboe

Overlap

Expense ratio

SKHZ −0.27pt a year

MSFD1.02%SKHZ0.75%

Avg volume · 30D

SKHZ 1.2×the volume

MSFD1.62MSKHZ1.9M

MSFD vs SKHZ Performance

Jul 31, 2026 – Oct 30, 2026

−11.0%MSFD−15.5%SKHZ

Jul 31, 2026 to Oct 30, 2026. MSFD −11.0%. SKHZ −15.5%. Use the arrow keys to read each point.−30%−20%0%Jul 2026Sep 2026Oct 2026
Expense ratio
MSFD 1.02%
SKHZ 0.75%, better
Fund size
MSFD $10M
SKHZ $4M
1Y total return
MSFD −6.2%
SKHZ No data
Yield (12M)
MSFD 4.24%
SKHZ No data
Holdings
MSFD 3
SKHZ 2
Avg volume (30D)
MSFD 1.62M sh
SKHZ 1.9M sh, better
NAV per share
MSFD $9.67
SKHZ $11.21
52W range

ETF.net Grade

MSFD: Cost 78, Risk 82, Mission 99, Tradability 41, Holdings not scored, Durability 66. SKHZ: Cost 100, Risk 75, Mission not scored, Tradability 71, Holdings not scored, Durability 20.
Pillar letters and Scores for MSFD, SKHZ, with each pillar’s weight
PillarMSFDSKHZ
Cost30% weightA78A100Higher
Mission25% weightA99Not scored
Risk15% weightA82HigherA75
Tradability15% weightC41A71Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB66HigherF20

Rank among Single-Stock Inverse funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. MSFD and SKHZ are both graded against the same 43 Single-Stock Inverse funds, so their Grades compare head to head.

Single-Stock Inverse⁠

Category · 43 funds
See all 43 ›

SKHZ ranks 3rd and MSFD 8th of 43 funds in the Single-Stock Inverse Category.

  1. Rank 1AAAPDDirexion Daily AAPL Bear 1X ETFScore 86
  2. Rank 2ATSDDGraniteShares 2x Short TSLA Daily ETFScore 84
  3. Rank 3ASKHZLeverage Shares 1X Short SK Hynix Daily ETFScore 81
  4. Rank 3ATSLSDirexion Daily TSLA Bear 1X ETFScore 81
  5. Rank 8AGGLSDirexion Daily GOOGL Bear 1X ETFScore 77
  6. Rank 8AMSFDDirexion Daily MSFT Bear 1X ETFScore 77
  7. Rank 10ATSLQTradr 2X Short TSLA Daily ETFScore 75

Our read on each fund

ETF.net Research

MSFDADirexion Daily MSFT Bear 1X ETF

SKHZALeverage Shares 1X Short SK Hynix Daily ETF

In short

MSFD Straight inverse Microsoft, with no leverage stacked on top: MSFD targets -100% of MSFT's daily move. One of Direxion's original 2022 single-stock funds, and a buy-side way to express a bearish view.

SKHZ No data

Stated mandate

MSFD The fund seeks daily investment results, before fees and expenses, that correspond to the inverse performance of Microsoft Corporation's common shares.

SKHZ No data

Why people hold it

  • MSFD The unleveraged one on a shelf crowded with 2x and 3x bears. It targets -100% of Microsoft's daily move, so a 1% MSFT drop maps to roughly a 1% move the other way before fees.direxion.com
  • Fee is 1.02% net of a waiver through September 1, 2027 (1.16% gross), which sits below the category median for inverse single-stock funds.direxion.com
  • You buy shares long to get short exposure. No stock borrow to locate, no short-sale mechanics running inside your own account.direxion.com
  • Day to day, it has tracked its stated inverse target tightly, one of the stronger implementations in the inverse single-stock group.

SKHZ No data

Worth knowing

  • MSFD Daily reset. Hold past one day and compounding takes over, so multi-day results can diverge from -100% of MSFT's move. Direxion flags that MSFT volatility magnifies the effect.direxion.com
  • All the risk sits in one company. There is no index behind it to soften a Microsoft rally, which works directly against the position.
  • Small fund, so spreads deserve a look before you trade. Other 1X bears carry lower fees, like TSLS at 0.95% and AAPD at 0.96%, though they short different stocks.

SKHZ No data

Full MSFD profile⁠

Full SKHZ profile⁠

MSFD vs SKHZ Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

MSFD vs SKHZ Cost

Overpaying MSFD vs SKHZ

$4,530

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

  • MSFD 1.02%

    $19,012

  • SKHZ 0.75%

    $14,482

$10,000
30 years

Cost over time

  • MSFD 1.02%
  • SKHZ 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530MSFD $19,012SKHZ $14,482

Year by year

YearMSFDSKHZOverpaying
10$1,797$1,336$461
20$6,746$5,078$1,668
30$19,012$14,482$4,530

Expense ratio

  • 1.02%MSFD
  • 0.75%SKHZ, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

SKHZ cheapest of 43 funds

MSFD 12th cheapest of 43 funds

MSFD vs SKHZ Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
MSFD 4.24%
SKHZ No data
Payout (12M)
MSFD $0.42
SKHZ None
Last payment
MSFD $0.08
SKHZ No data
Ex-dividend
MSFD Sep 22, 2026
SKHZ No data
Paid on
MSFD Sep 29, 2026
SKHZ No data
Frequency
MSFD Quarterly
SKHZ No data

Distribution history

Per share, 2022 to 2026, same scale for both

MSFDQuarterly · 18 paymentsAll MSFD payments⁠
One bar per payment. 18 payments from 2022 to 2026 YTD. Sep 20, 2022 $0.01; Dec 8, 2022 $0.01; Dec 20, 2022 $0.16; Mar 21, 2023 $0.11; Jun 21, 2023 $0.19; Sep 19, 2023 $0.22; Dec 21, 2023 $0.17; Mar 19, 2024 $0.13; Jun 25, 2024 $0.22; Sep 24, 2024 $0.11; Dec 23, 2024 $0.15; Mar 25, 2025 $0.11; Jun 24, 2025 $0.09; Sep 23, 2025 $0.11; Dec 23, 2025 $0.08; Mar 24, 2026 $0.08; Jun 23, 2026 $0.18; Sep 22, 2026 $0.08. Use the arrow keys to read each point.$0$0.2520232026YTD
SKHZAll SKHZ payments⁠

No distribution history available.

MSFD vs SKHZ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MSFD 27.6%SKHZ No data
Return per unit of riskSharpe ratio, 3 years
MSFD −0.57SKHZ No data
Worst fallMax drawdown, 5 years
MSFD −62.1%since Sep 2022SKHZ No data
Market sensitivityBeta, 5 years
MSFD −1.16SKHZ 0.00

Popular comparisons

  • MSFDAvsAAPDA

    Direxion Daily MSFT Bear 1X ETF · Direxion Daily AAPL Bear 1X ETF

    Expense ratio
    1.02% · 0.96%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SKHZAvsAAPDA

    Leverage Shares 1X Short SK Hynix Daily ETF · Direxion Daily AAPL Bear 1X ETF

    Expense ratio
    0.75% · 0.96%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • MSFDAvsTSDDA

    Direxion Daily MSFT Bear 1X ETF · GraniteShares 2x Short TSLA Daily ETF

    Expense ratio
    1.02% · 0.98%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SKHZAvsTSDDA

    Leverage Shares 1X Short SK Hynix Daily ETF · GraniteShares 2x Short TSLA Daily ETF

    Expense ratio
    0.75% · 0.98%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • MSFDAvsTSLSA

    Direxion Daily MSFT Bear 1X ETF · Direxion Daily TSLA Bear 1X ETF

    Expense ratio
    1.02% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SKHZAvsTSLSA

    Leverage Shares 1X Short SK Hynix Daily ETF · Direxion Daily TSLA Bear 1X ETF

    Expense ratio
    0.75% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.