DirexionSingle-Stock Leverage#63 of 228 by YTD

Direxion Daily MSFT Bear 1X ETFMSFD

1D 1M 3M YTD 1Y 3Y5YMAX

S&P 500 Bucket avg Compare

$9.61+0.9%

+$0.09 · Nov 6 close

Buy

AUM: $10M
Fee: 1.16%
Yield: 4.3%

Bumpy · 1Y: 2.5×S&P
Volume: 1.5M
NAV: $9.51

52-week range37% below the high

$9.12$15.33

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+0.9%	−1.8%	−4.9%	−14.3%	−10.1%	−36.7%	—	−54.5%
Peer average	+5.9%	−25.5%	−30.4%	−34.4%	−41.8%	+18.5%	—	—
S&P 500 · VOO	+0.3%	−5.0%	−4.6%	+8.7%	+9.8%	+80.8%	+71.8%	—

MSFD in One Breath

MSFD Among Single-Stock Leverage ETFs

YTD

#1PBRGLeverageShares+316.4%$2.0M

#2DLLLGraniteShares+279.1%$75.3M

#3MUUDirexion+176.7%$1.4B

#4MULLGraniteShares+166.9%$206M

#5OSCXDefiance+157.0%$7.2M

#6AMUUDirexion+146.1%$41.3M

#7AMDLGraniteShares+142.1%$537M

#8AMDGLeverageShares+141.3%$16.3M

#63MSFDDirexion−14.3%$10.0M

End-of-day Nov 8, 2026 · 228 Single-Stock Leverage ETFs by YTD

$10,000 in MSFD

$10,000 in MSFD became

$4,546

In the S&P 500 (VOO)

$19,610

Total return, dividends in · Sep 7, 2022 – Nov 6, 2026 · S&P 500 uses VOO

MSFD Returns by Period

Today

YTD

MAX

MSFD

+0.9%

−1.8%

−4.9%

−14.3%

−10.1%

−36.7%

—

−54.5%

Peer average

+5.9%

−25.5%

−30.4%

−34.4%

−41.8%

+18.5%

—

S&P 500 · VOO

+0.3%

−5.0%

−4.6%

+8.7%

+9.8%

+80.8%

+71.8%

—

End-of-day Nov 8, 2026 · total return, dividends in · peers = 390 Single-Stock Leverage ETFs

MSFD’s Single-Stock Leverage Rank

YTD

#63of 228
single-stock leverage ETFs

Best · PBRG+316.4%

MSFD−14.3%

Average−34.4%

Worst · SMUP−99.5%

Single-Stock Leverage ETFs by YTD return · Nov 8, 2026

MSFD Price and 52-Week Range

From the 52-week high

−37.3%

From the 52-week low

+5.4%

Today $9.48 – $9.68

Previous close $9.52

$9.61 now

52-week low$9.1252-week high$15.33

End-of-day Nov 8, 2026 · box = today’s range, dashed = previous close

MSFD’s Size vs Its Peers

Today

$10.0M#170 by size of 391 single-stock leverage ETFs

AUM · MSFD and the 5 largest peers · Nov 8, 2026

MSFD Fee per $100 vs Peers

Today

$1.16a year
per $100

$116 a year on $10,000

TSLL$0.95

GGLL$0.96

MUU$1.01

MSFD$1.16

SNXX$1.49

NVDL$1.65

Expense ratio · Single-Stock Leverage peers · Nov 8, 2026

Inside MSFD

7 holdings

MSFD

Direxion Daily MSFT Bear 1X ETF

Today

MSFD gets its 1× exposure through swaps and futures, so a list of holdings would not show what you own: […]

Direxion MSFD · holdings

How It Compares

MSFD

Direxion Daily MSFT Bear 1X ETF’s Peers

Today

		Trend
TSLL	DirexionRead Desk		0.95%	+8.6%	−57.5%	$2.6B
NVDL	GraniteSharesRead Desk		1.65%	+5.4%	−28.9%	$2.3B
MUU	DirexionRead Desk		1.01%	+9.2%	+267.5%	$1.4B
GGLL	DirexionRead Desk		0.96%	+1.4%	−19.0%	$998M
SNXX	TradrRead Desk	New fund	1.49%	+6.8%	new	$574M
MSFD	DirexionThis fundRead Desk		1.16%	+0.9%	−10.1%	$10M

Single-Stock Leverage peers · Today’s and past-year returns · as of Nov 8, 2026 · sorted by AUM

Head to Head

Put MSFD head to head with TSLL →

TSLL vs MSFD

YTD

TSLLDirexionMSFDDirexion

Year to date

−52.9%

−14.3%

MSFD wins+38.5 pts

Past year

−57.5%

−10.1%

MSFD wins+47.4 pts

Fee

0.95%

1.16%

TSLL winslower fee

Yield

11.0%

4.3%

TSLL wins+6.7 pts

AUM

$2.6B

$10.0M

TSLL264.8× more

2–2level

Direxion TSLL and Direxion MSFD · year-to-date · as of Nov 8, 2026 · AUM not scored

MSFD vs VOO

YTD

MSFD · Direxion Daily MSFT Bear 1X

−14.3%

VOO · S&P 500

+8.7%

Gap

23.1 pts

Direxion MSFD and Vanguard VOO · Today total return · as of Nov 8, 2026

MSFD vs Its Peer Average

YTD

MSFDAvsBPeer average

1D+0.9%+5.9%

1M−1.8%−25.5%

3M−4.9%−30.4%

YTD−14.3%−34.4%

1Y−10.1%−41.8%

3Y−36.7%+18.5%

4–2MSFD wins

390 Single-Stock Leverage peers · each row scaled to its leader

How Bumpy Is MSFD?

View

MSFD

How Bumpy

2.5×the S&P 500’s swings

CalmerBumpierS&P 1×MSFD

S&P 500 swings · 1Y13.6%

Direxion MSFD · daily swings over the past year vs the S&P 500

MSFD

Worst Drop

−38.9%from its Mar 27 high

Still below the high−36.0%

$10,000 at the high is now$6,400

Direxion MSFD · fall from the highest close, past year

MSFD

On a Bad Day

−1.1×rose, on average, when the S&P 500 fell

MSFD’s worst day: Thursday, Jul 30

MSFD

−15.4%

S&P 500

1.7%

Up days51 of every 100

S&P 500 up days52 of every 100

Direxion MSFD · average move on days the S&P 500 fell

MSFD

Return for the Bumps

1Y#4 of 6 single-Stock Leverage funds

#1MUUDirexion · 2×

most for the bumps

#2AMDLGraniteShares · 2×

#3GGLLDirexion · 2×

lost money

#4MSFDDirexion · −1×

lost money

#5NVDLGraniteShares · 2×

lost money

#6TSLLDirexion · 2×

lost money

Ranked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.8%

MSFD

Cost

Today

$116a year per $10,000

TSLL

$95

GGLL

$96

MUU

$101

MSFD

$116

SNXX

$149

NVDL

$165

AMDL

$189

Expense ratio 1.16%, taken from the fund’s value

MSFD

Volatility & Beta

33.7%annual volatility

S&P 500 volatility13.6%

Downside volatility25.6%

Beta vs SPY−1.03

Correlation vs SPY−0.42

Lowest beta of 6 single-Stock Leverage fundsMSFD

Daily total returns × √252 · past 254 trading days

MSFD

Max Drawdown

−38.9%peak to trough

Peak closeMar 27, 2026

Current drawdown−36.0%

Worst day−15.42% · Jul 30

Closing prices, dividends in

MSFD

Up / Down Capture

−114%down capture vs SPY

Down days

−114%

Up days

−105%

S&P 500

100%

Up ÷ down capture[…]

Up days50.8% (S&P 52.0%)

Average daily move on SPY up days and down days

MSFD

Sharpe & Sortino vs Peers

Fund	Sharpe	Sortino	Volatility	Max DD	Beta	Fee / $10k
MUU 2×	1.60	2.54	167.1%	−79.4%	6.73	$101
AMDL 2×	0.35	0.53	144.7%	−65.3%	6.78	$189
GGLL 2×	−0.33	−0.47	67.8%	−57.1%	2.67	$96
MSFD −1×	−0.36	−0.47	33.7%	−38.9%	−1.03	$116
NVDL 2×	−0.53	−0.75	76.5%	−47.7%	3.77	$165
TSLL 2×	−0.68	−0.92	91.9%	−70.1%	4.27	$95

Sharpe = (return − 3.8% cash) ÷ volatility · Sortino uses downside volatility only

MSFD

Trading

Today

+1.05%above its holdings’ value

Close$9.61

NAV$9.51

Fee per $10,000$116 a year

Avg. volume 30D2.0M shares

Premium / discount history starts once daily NAV is saved

Close vs net asset value, Nov 6

The Details

MSFD

Fund Facts

Today

2022launched Sep 7

Tracks[…]

Exchange · CUSIPNASDAQ · 25461A403

StructureETF

Leverage-1x

Cost on $10,000$116 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Direxion MSFD · fund facts · as of Nov 8, 2026

MSFD

Payouts by Year

$0.0752per share, Sep 2026

Distribution yield4.3%

PaidEvery quarter

Latest ex-date · paidSep 22 · Sep 29, 2026

12 payouts added up$1.50 a share

Direxion MSFD · distributions by ex-date · 2022–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-07-31 ↗SEC reported portfolio · 2026-04-30 ↗SEC reported portfolio · 2026-01-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-10-31 ↗SEC reported portfolio · 2025-07-31 ↗SEC reported portfolio · 2025-04-30 ↗

Trading & Liquidity

Net asset value$9.51

Premium / discount[…]

Median spread · 30D[…]

Volume today1.5M

Average volume · 30D2.0M

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio1.16%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$116.00

Our risk indicator5/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Sep 22, 2026	Sep 29, 2026	$0.0752
Jun 23, 2026	Jun 30, 2026	$0.18
Mar 24, 2026	Mar 31, 2026	$0.0805
Dec 23, 2025	Dec 31, 2025	$0.0820
Sep 23, 2025	Sep 30, 2025	$0.11
Jun 24, 2025	Jul 1, 2025	$0.0886
Mar 25, 2025	Apr 1, 2025	$0.11
Dec 23, 2024	Dec 31, 2024	$0.15
Sep 24, 2024	Oct 1, 2024	$0.11
Jun 25, 2024	Jul 2, 2024	$0.22
Mar 19, 2024	Mar 26, 2024	$0.13
Dec 21, 2023	Dec 29, 2023	$0.17

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