MSFD vs SH
Direxion Daily MSFT Bear 1X ETF vs ProShares Short S&P500
Which is better, MSFD or SH?
Each has led over a different period.
SH has a lower expense ratio. MSFD led over 1Y, SH over 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MSFD | SH |
|---|---|---|
| Expense Ratio | 1.02% | 0.89%Best |
| AUM | $8M | $977M |
| Dividend Yield | 4.41% | 4.28% |
| Holdings | 6 | 16 |
| YTD Return | -17.54% | -9.49%Best |
| 1Y Return | -10.14%Best | -11.21% |
| 3Y Return (annualized) | -16.10% | -14.42%Best |
| 5Y Return (annualized) | - | -9.10% |
| Volatility (annualized) | 25.8% | 12.6%Best |
| Max Drawdown | -62.0% | -46.4%Best |
| $10,000 over 4.1 years | $4,472 | $6,012Best |
| Fund Family | Direxion Shares ETF Trust | ProShares |
| Category | Alternative | Alternative |
| Style | Trading-Inverse Equity | Trading-Inverse Equity |
| Inception | Sep 7, 2022 | Jun 19, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.1 years row, are measured over the window both funds cover: Sep 8, 2022 to Oct 12, 2026 (4.1 years).
MSFD vs SH growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.1 years both funds cover.
MSFD vs SH Performance
Direxion Daily MSFT Bear 1X ETF (MSFD) is an ETF from Direxion Shares ETF Trust and ProShares Short S&P500 (SH) is an ETF from ProShares. Over the past year MSFD returned -10.14% while SH returned -11.21%. Year to date, MSFD is down 17.54% versus a loss of 9.49% for SH.
Over three years, MSFD compounded at -16.10% per year against -14.42% for SH. Across the full 4-year window we track, SH has the edge at -11.67% annualized vs -17.82%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MSFD has been the more volatile fund, with annualized monthly volatility of 25.8% compared with 12.6% for SH. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -62.0% for MSFD and -46.4% for SH. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.53. They move together some of the time, and apart the rest.
Fees and Cost Over Time
MSFD charges 1.02% per year while SH charges 0.89%. On a $10,000 position that is $102 vs $89 annually, a gap of $13 per year that compounds over a long holding period. On income, MSFD currently yields 4.41% against 4.28% for SH.
Holdings Overlap
We hold position weights for 3 holdings in MSFD and 1 in SH, totalling 107.3% and 83.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 3 positions we hold weights for in MSFD and 1 in SH, against full books of 6 and 16.
You are not choosing between two funds in isolation.
Whichever of MSFD and SH you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MSFD or SH?
MSFD has an expense ratio of 1.02% while SH charges 0.89%. SH is the cheaper option, by $13 a year on a $10,000 investment.
Which performed better, MSFD or SH?
Over the past year MSFD returned -10.14% vs -11.21% for SH, so MSFD leads on 1-year performance. Over the longest common window we track (4 years), MSFD annualized -17.82% vs -11.67% for SH. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MSFD or SH?
MSFD has been the more volatile fund at 25.8% annualized versus 12.6% for SH. Worst drawdown: MSFD -62.0% vs SH -46.4%.
Should I hold both MSFD and SH?
MSFD and SH have a monthly-return correlation of 0.53, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, MSFD or SH?
MSFD yields 4.41% while SH yields 4.28%, so MSFD currently pays the higher dividend yield.
Is SH better than MSFD?
SH has a lower expense ratio. MSFD led over 1Y, SH over 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.