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ETFs

Direxion Shares ETF Trust Direxion Daily MSFT Bear 1X Shares

MSFD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 07 2022
Expense Ratio
0.95%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$564,065
AUM
$7,404,108
Associated Index
None
Inverse/Leveraged
Inverse (-1)
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
DREYFUS TRSRY SECURITIES CASH MGMT
-1980.16%
n/a
GOLDMAN FINL SQ TRSRY INST 506
-2788.49%
n/a
DREYFUS GOVT CASH MAN INS
-9383.14%
Invest with MSFD

What is MSFD?

The Fund seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the daily performance of MSFT. The Direxion Daily MSFT Bear 1X Shares ("Fund") seeks daily inverse investment results and is very different from most other exchange-traded funds. The pursuit of daily inverse investment goals means that the return of the Fund for a period longer than a full trading day may have no resemblance to -100% of the return of the common shares of Microsoft Corporation (NASDAQ: MSFT) ("MSFT").

ETFs related toMSFD

ETFs correlated to MSFD include TECS, PSQ, SQQQ

MSFD
Direxion Shares ETF Trust - Direxion Daily MSFT Bear 1X Shares
TECS
Direxion Shares ETF Trust - Direxion Daily Technology Bear -3X Shares
PSQ
ProShares Trust - ProShares Short QQQ -1x Shares
SQQQ
ProShares Trust - ProShares UltraPro Short QQQ -3x Shares
QID
ProShares Trust - ProShares UltraShort QQQ -2x Shares
BERZ
Bank of Montreal - MicroSectorsTM Solactive FANG & Innovation -3X Inverse Leveraged ETNs
FNGD
Bank of Montreal - MicroSectors FANG+ Index -3X Inverse Leveraged ETNs
SPDN
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares
SPXS
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear -3X Shares
SPXU
ProShares Trust - ProShares UltraPro Short S&P 500
SDS
ProShares Trust - ProShares UltraShort S&P500 -2x Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toMSFD

#BTD

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Category

Featured, Technology Focus

Risk Rating

Aggressive

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Risk Rating

Aggressive

Create your own algorithmic trading strategy with MSFD using Composer

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FAQ

MSFD is a US Equities ETF. The Fund seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the daily performance of MSFT. The Direxion Daily MSFT Bear 1X Shares ("Fund") seeks daily inverse investment results and is very different from most other exchange-traded funds. The pursuit of daily inverse investment goals means that the return of the Fund for a period longer than a full trading day may have no resemblance to -100% of the return of the common shares of Microsoft Corporation (NASDAQ: MSFT) ("MSFT").

Yes, MSFD is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, MSFD is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MSFD is 0.0124%. This is the percent change in the value of MSFD over the most recent 1-month period. The 3-month return on MSFD is 0.0406%. This is the percent change in the value of MSFD over the most recent 3-month period.

The standard deviation of MSFD for the past year is 0.3052%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to MSFD include TQQQ, SSO, and TNA.

ETFs correlated to MSFD include TECS, PSQ, and SQQQ.

ETFs that are inversely correlated to MSFD include MSFU, ROM, and IYW.

Yes, MSFD is a Inverse (-1) ETF.

Yes, MSFD is a Inverse (-1) leveraged ETF.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.