{"url":"https://etfiq.com/compare/leverage/msfc-vs-msfd","section":"compare","title":"MSFC vs MSFD: which held to its multiple? | ETFIQ","description":"MSFC sets out to return +2 times MSFT each day and MSFD -1 times. Over the three months to Sep 30, 2026 they finished +1.7 pts and +6.5 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, MSFC or MSFD?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, MSFC finished 1.7 points from what its multiple implies and MSFD finished 6.5 points from its own, so MSFC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are MSFC and MSFD levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Microsoft, MSFC at +2 times and MSFD at -1 times the daily move."}},{"@type":"Question","name":"Which one decays faster, MSFC or MSFD?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window MSFC\u2019s moved at 39% annualized and MSFD\u2019s at 39%, so MSFC has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold MSFC or MSFD for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, MSFC or MSFD?","acceptedAnswer":{"@type":"Answer","text":"MSFC charges 0.45% a year and MSFD charges 1.02%, so MSFC is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"MSFC vs MSFD","item":"https://etfiq.com/compare/leverage/msfc-vs-msfd"}]},{"@type":"WebPage","name":"MSFC vs MSFD: which held to its multiple?","description":"MSFC sets out to return +2 times MSFT each day and MSFD -1 times. Over the three months to Sep 30, 2026 they finished +1.7 pts and +6.5 pts away.","url":"https://etfiq.com/compare/leverage/msfc-vs-msfd","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, MSFC finished 3.8 points short and MSFD 1.0 points over.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of MSFC and MSFD","description":"MSFC sets out to return +2 times MSFT each day and MSFD -1 times. Over the three months to Sep 30, 2026 they finished +1.7 pts and +6.5 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/msfc-vs-msfd","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":7184,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / MSFC vs MSFD \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n MSFC vs MSFD: which held to its multiple?\n\n Over three months against its own daily promise, MSFC finished 3.8 points short and MSFD 1.0 points over.\n Copy this for sharing \n \n Corgi MSFT 2x Daily ETF and Direxion Daily MSFT Bear 1X ETF.\n\n Download as PDF \n\n +69.1% MSFC returned, 3 months \n \u221227.2% MSFD returned, 3 months \n +1.7 pts MSFC from its stated multiple \n +6.5 pts MSFD from its stated multiple \n\n ETFIQ Decay Resistance Score: MSFD scores higher\n Did it keep up wi","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/msfc-vs-msfd","a":{"ticker":"MSFC","name":"Corgi MSFT 2x Daily ETF","issuer":"Corgi","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: MSFC returned +69.1% where its own daily promise gave +72.9%, 3.8 points short.","url":"https://etfiq.com/funds/msfc","key_facts":[{"label":"What MSFT did","value":"+33.7%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+72.9%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+69.1%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22123.8 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$993,895","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.45%","as_of":"2026-09-30","source":"485BPOS XBRL, Jun 5, 2026"}]},"b":{"ticker":"MSFD","name":"Direxion Daily MSFT Bear 1X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: MSFD returned \u221227.2% where its own daily promise gave \u221228.2%, 1.0 points over.","url":"https://etfiq.com/funds/msfd","key_facts":[{"label":"What MSFT did","value":"+33.7%","as_of":"2026-09-30","source":null},{"label":"What \u22121 times a day gives","value":"\u221228.2%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221227.2%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+1.0 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$8m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.02%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/msfc-vs-msfd"}