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MSFUDirexion Daily MSFT Bull 2X Shares

Take a bet3y track recordRanked #85 of 775 in this goal

Seeks daily investment results of 200% of the daily performance of the MSCI Consumer Discretionary Index.

By Direxion Funds · Launched 2022

Annual Cost

0.98%

#4,853 of 5,562 · expensive

Fund Size

$963M

#1,139 of 5,562 · large

Return (1Y)Goal

-46.1%

Track Record

3 years

#2,769 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$5,339-46.6%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Leveraged

Sector

Consumer discretionary

Index tracked

MSCI Consumer Discretionary Index

What it actually holds

By weight

Concentration

Top 9 holdings = 105.6% of fundconcentrated

GOLDMAN FINANCIAL
34.2%
DREYFUS GOVERNMENT CASH MANAGE
31.2%
DREYFUS
17.7%
Microsoft Corp.
11.3%
GOLDMAN SACHS LIQ ES FD A
8.9%
N/A
3.2%
N/A
0.7%
N/A
0.0%
N/A
-1.6%

Asset allocation

Cash
71.4%
Stocks
28.6%

By sector

Technology
100.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
51.5%High

Year-on-year price swings

Max drawdown
-59.8%Severe

Worst peak-to-trough loss

Sharpe (3Y)
-0.03Below average
Sortino (3Y)
-0.04Moderate downside risk

Where to buy

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks daily investment results of 200% of the daily performance of the MSCI Consumer Discretionary Index.
Strategy
Invests primarily in swap agreements and options to achieve 2x daily leveraged exposure to the MSCI Consumer Discretionary Index. The Fund rebalances daily to maintain this exposure, resulting in high portfolio turnover.
Inception date
September 6, 2022
Fund family
Direxion Funds

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged single stock
Critical

Leveraged single-stock ETF — documented structural drag

Single-stock leveraged ETFs magnify one stock's daily move. Research on these products (Bessembinder et al., 2024) finds 56% posted negative absolute returns over one year, with ~9.5% annual drag versus the underlying stock. Daily rebalancing plus financing costs work against the investor on any holding period longer than a few days.

Source: Bessembinder, Cooper, Zhang — 'Leveraged Single-Stock ETFs' (SSRN 2024)

Why we flagged this: strategy=leveraged + single_stock_wrapper

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19