MSFD vs VOO
Direxion Daily MSFT Bear 1X ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | MSFD | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.02% | 0.03% | |
| AUM | $18M | $997.4B | |
| Dividend Yield | 4.03% | 1.08% | |
| Holdings | 6 | 509 | |
| YTD Return | -7.54% | +12.95% | |
| 1Y Return | +1.82% | +20.69% | |
| 3Y Return (annualized) | -13.17% | +22.09% | |
| 5Y Return (annualized) | - | +13.40% | |
| Volatility (annualized) | 26.0% | 14.1% | |
| Max Drawdown | -59.9% | -34.3% | |
| Fund Family | Direxion Shares ETF Trust | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Sep 7, 2022 | Sep 7, 2010 |
MSFD vs VOO Performance
Direxion Daily MSFT Bear 1X ETF (MSFD) is a ETF from Direxion Shares ETF Trust and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year MSFD returned +1.82% while VOO returned +20.69%. Year to date, MSFD is down 7.54% versus a gain of 12.95% for VOO.
Over three years, MSFD compounded at -13.17% per year against +22.09% for VOO. Across the full 4-year window we track, VOO has the edge at +13.50% annualized vs -16.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MSFD has been the more volatile fund, with annualized monthly volatility of 26.0% compared with 14.1% for VOO. 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 -59.9% for MSFD and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.52. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MSFD charges 1.02% per year while VOO charges 0.03%. On a $10,000 position that is $102 vs $3 annually, a gap of $99 per year that compounds over a long holding period. On income, MSFD currently yields 4.03% against 1.08% for VOO.
Holdings Overlap
MSFD and VOO share 0 holdings out of 508 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MSFD or VOO?
MSFD has an expense ratio of 1.02% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $99 per year of difference.
Which performed better, MSFD or VOO?
Over the past year MSFD returned +1.82% vs +20.69% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (4 years), MSFD annualized -16.03% vs +13.50% for VOO. Past performance does not guarantee future results.
Which is riskier, MSFD or VOO?
MSFD has been the more volatile fund at 26.0% annualized versus 14.1% for VOO. Worst drawdown: MSFD -59.9% vs VOO -34.3%.
Should I hold both MSFD and VOO?
MSFD and VOO have a monthly-return correlation of -0.52, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MSFD and VOO?
MSFD and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, MSFD or VOO?
MSFD yields 4.03% while VOO yields 1.08%, so MSFD currently pays the higher dividend yield.
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