MSFD ETF — Direxion Daily MSFT Bear 1X Shares

Direxion Daily MSFT Bear 1X Shares (MSFD)

Updated October 16, 2026.

MSFD is an ETF linked to Microsoft (MSFT). its distribution rate is 3.10%, its trailing-12-month yield is 4.30%, its expense ratio is 1.02%. Total return is -54.2% over the past 4.1 years, 166.0 points behind MSFT at 111.8%.

MSFD performance versus MSFT

Price and return data through 2026-10-16.

Total return is -54.2% over the past 4.1 years, 166.0 points behind MSFT at 111.8%. Over the past year its total return — price change plus distributions reinvested — is -8.6%. Its deepest 1-year drawdown was 37.2%.

MSFD key facts

Issuer

Direxion

Asset type

ETF

Asset class

Equity

Inception date

09/06/2022

Expense ratio

1.02%

Distribution rate

3.10%

Distribution frequency

Quarterly

Trailing yield

4.30%

Last close

$9.68 (as of 2026-10-16)

AUM

$6,936,525

Average volume

1694778.0

Dividend

$0.075

Ex-dividend date

09/22/2026

Payment date

09/29/2026

Beta

-1.19

How Dividend Vision calculates yield and returns

Distribution rate (3.10%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (4.30%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Direxion; Index: Microsoft (MSFT); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

MSFD risks and drawbacks

MSFD's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed MSFT over the available window. The deepest 1-year drawdown on record here is 37.2%.

Who may consider MSFD — and who may not

MSFD may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (MSFD pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching MSFT total return. This is educational context, not a recommendation to buy or sell.

More on MSFD

• All tickers starting with M

Tagged: Short, Single.

Frequently asked questions

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