{"url":"https://etfiq.com/compare/leverage/msfd-vs-msfx","section":"compare","title":"MSFD vs MSFX: which held to its multiple? | ETFIQ","description":"MSFD sets out to return -1 times MSFT each day and MSFX +2 times. Over the three months to Sep 30, 2026 they finished +6.5 pts and +1.0 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, MSFD or MSFX?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, MSFD finished 6.5 points from what its multiple implies and MSFX finished 1.0 points from its own, so MSFX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are MSFD and MSFX levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Microsoft, MSFD at -1 times and MSFX at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, MSFD or MSFX?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window MSFD\u2019s moved at 39% annualized and MSFX\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 MSFX 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 MSFX?","acceptedAnswer":{"@type":"Answer","text":"MSFD charges 1.02% a year and MSFX charges 1.05%, so MSFD 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 MSFX","item":"https://etfiq.com/compare/leverage/msfd-vs-msfx"}]},{"@type":"WebPage","name":"MSFD vs MSFX: which held to its multiple?","description":"MSFD sets out to return -1 times MSFT each day and MSFX +2 times. Over the three months to Sep 30, 2026 they finished +6.5 pts and +1.0 pts away.","url":"https://etfiq.com/compare/leverage/msfd-vs-msfx","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, MSFD finished 1.0 points over and MSFX 4.5 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 MSFX","description":"MSFD sets out to return -1 times MSFT each day and MSFX +2 times. Over the three months to Sep 30, 2026 they finished +6.5 pts and +1.0 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/msfd-vs-msfx","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":7174,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / MSFD vs MSFX \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n MSFD vs MSFX: which held to its multiple?\n\n Over three months against its own daily promise, MSFD finished 1.0 points over and MSFX 4.5 points short.\n Copy this for sharing \n \n Direxion Daily MSFT Bear 1X ETF and T-REX 2X LONG MICROSOFT DAILY TARGET ETF.\n\n Download as PDF \n\n \u221227.2% MSFD returned, 3 months \n +68.4% MSFX returned, 3 months \n +6.5 pts MSFD from its stated multiple \n +1.0 pts MSFX from its stated multiple \n\n ETFIQ Decay Resistance Score: MSFD scores higher\n ","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-msfx","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":"MSFX","name":"T-REX 2X LONG MICROSOFT DAILY TARGET ETF","issuer":"T-REX","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: MSFX returned +68.4% where its own daily promise gave +72.9%, 4.5 points short.","url":"https://etfiq.com/funds/msfx","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":"+68.4%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22124.5 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$19m","as_of":"2026-09-30","source":"issuer page, as of Sep 29, 2026"},{"label":"Expense ratio","value":"1.05%","as_of":"2026-09-30","source":"485BPOS XBRL, Apr 30, 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-msfx"}