MSFD Performance — Direxion Daily MSFT Bear 1X Shares
Data updated: 2026-09-28
MSFD returned −1.76% year to date and +9.33% over one year to Jul 2026. The annualised 3-year return is −10.96%. The fund beat its Trading - Inverse category average: $100 invested three years ago grew to $71, against $39 for the category, and to $109 over one year, against $73. Volatility over the past three years was 27.66% a year. In the 12 months to Jul 2026 the fund lost a net $2.2M, and assets reached $7.78M.
MSFD Growth of $100
What $100 invested in Direxion Daily MSFT Bear 1X Shares grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Trading - Inverse category average over the same months.
| Period | MSFD | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $109 | $73 |
| 3 years (Aug 2023 – Jul 2026) | $71 | $39 |
| Since data start (Sep 2022 – Jul 2026) | $51 | $31 |
MSFD Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −1.76% |
| 1 year | +9.33% |
| 3 years (annualised) | −10.96% |
MSFD Annual Returns
Calendar-year total returns of Direxion Daily MSFT Bear 1X Shares, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | −1.76% |
| 2025 | −13.93% |
| 2024 | −7.97% |
| 2023 | −35.87% |
| 2022 (Sep–Dec) | +1.84% |
MSFD Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +11.3% | +8.9% | +6.2% | −9.6% | −9.8% | +19.6% | −21.8% | — | — | — | — | — |
| 2025 | +1.2% | +4.6% | +5.7% | −6.2% | −14.6% | −7.8% | −6.5% | +5.5% | −1.9% | +0.2% | +5.2% | +2.0% |
| 2024 | −5.0% | −3.7% | −1.3% | +8.3% | −5.9% | −6.7% | +7.0% | +0.6% | −2.7% | +5.9% | −3.9% | +0.7% |
| 2023 | −3.5% | −1.3% | −13.5% | −6.5% | −6.4% | −3.3% | +1.4% | +2.7% | +4.3% | −6.5% | −10.6% | +1.3% |
| 2022 | — | — | — | — | — | — | — | — | +8.2% | −1.3% | −10.4% | +6.4% |
MSFD Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 27.66%
- 3-year Sharpe ratio: -0.56 (vs 4.5% risk-free rate)
- Best month: +19.56% (Jun 2026)
- Worst month: −21.77% (Jul 2026)
MSFD Fund Flows
Monthly money in and out of Direxion Daily MSFT Bear 1X Shares, from SEC Form N-PORT.
- 12-month net flow: −$2.2M
- 12-month gross sales (incl. reinvestments): $90.5M
- Sales ÷ redemptions: 0.98×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $3.8M | $5.1M | −$1.3M |
| Jun 2026 | $7.9M | $13.0M | −$5.1M |
| May 2026 | $6.2M | $31.1M | −$24.9M |
| Apr 2026 | $39.8M | $3.8M | $36.1M |
| Mar 2026 | $7.5M | $12.2M | −$4.8M |
| Feb 2026 | $1.7M | $349K | $1.4M |
| Jan 2026 | $8.1M | $10.0M | −$1.9M |
| Dec 2025 | $3.8M | $4.0M | −$213K |
| Nov 2025 | $3.8M | $3.4M | $428K |
| Oct 2025 | $0 | $818K | −$818K |
| Sep 2025 | $277K | $0 | $277K |
| Aug 2025 | $7.6M | $9.0M | −$1.3M |
MSFD Assets Under Management
Net assets of Direxion Daily MSFT Bear 1X Shares by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $7.78M |
| 2026-04-30 | $41.33M |
| 2026-01-31 | $8.65M |
| 2025-10-31 | $8.92M |
| 2025-07-31 | $10.26M |
| 2025-04-30 | $6.79M |
| 2025-01-31 | $4.51M |
| 2024-10-31 | $7.88M |
| 2024-07-31 | $5.92M |
| 2024-04-30 | $10.95M |
| 2024-01-31 | $7.03M |
| 2023-10-31 | $5.22M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.