{"url":"https://etfiq.com/compare/leverage/msfd-vs-msfu","section":"compare","title":"MSFD vs MSFU: which held to its multiple? | ETFIQ","description":"MSFD sets out to return -1 times MSFT each day and MSFU +2 times. Over the three months to Sep 30, 2026 they finished +6.5 pts and +1.4 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, MSFD or MSFU?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, MSFD finished 6.5 points from what its multiple implies and MSFU finished 1.4 points from its own, so MSFU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are MSFD and MSFU levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Microsoft, MSFD at -1 times and MSFU at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, MSFD or MSFU?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window MSFD\u2019s moved at 39% annualized and MSFU\u2019s at 39%, so MSFD has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold MSFD or MSFU 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, MSFD or MSFU?","acceptedAnswer":{"@type":"Answer","text":"MSFD charges 1.02% a year and MSFU charges 0.98%, so MSFU 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":"MSFD vs MSFU","item":"https://etfiq.com/compare/leverage/msfd-vs-msfu"}]},{"@type":"WebPage","name":"MSFD vs MSFU: which held to its multiple?","description":"MSFD sets out to return -1 times MSFT each day and MSFU +2 times. Over the three months to Sep 30, 2026 they finished +6.5 pts and +1.4 pts away.","url":"https://etfiq.com/compare/leverage/msfd-vs-msfu","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, MSFD finished 1.0 points over and MSFU 4.0 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of MSFD and MSFU","description":"MSFD sets out to return -1 times MSFT each day and MSFU +2 times. Over the three months to Sep 30, 2026 they finished +6.5 pts and +1.4 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/msfd-vs-msfu","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":7092,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / MSFD vs MSFU \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n MSFD vs MSFU: which held to its multiple?\n\n Over three months against its own daily promise, MSFD finished 1.0 points over and MSFU 4.0 points short.\n Copy this for sharing \n \n Direxion Daily MSFT Bear 1X ETF and Direxion Daily MSFT Bull 2X ETF.\n\n Download as PDF \n\n \u221227.2% MSFD returned, 3 months \n +68.9% MSFU returned, 3 months \n +6.5 pts MSFD from its stated multiple \n +1.4 pts MSFU from its stated multiple \n\n ETFIQ Decay Resistance Score: MSFD scores higher\n Did it ke","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/msfd-vs-msfu","a":{"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"}]},"b":{"ticker":"MSFU","name":"Direxion Daily MSFT Bull 2X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: MSFU returned +68.9% where its own daily promise gave +72.9%, 4.0 points short.","url":"https://etfiq.com/funds/msfu","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":"+68.9%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22124.0 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$530m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.98%","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/msfd-vs-msfu"}