Daily MSFT Bull 2X ETF (MSFU) Performance
MSFU total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +0.2% since Dec 31, 2025
- 1 year
- −15.9% total return
- 3 years
- +13.2% a year
- Since first price
- +17.0% a year since 2022
MSFU trailing returns vs SPY, QQQ, AGG
| Period | MSFU total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +8.4% | +8.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +79.3% | +77.9% | +3.2% | +1.9% | −0.4% |
| 6 months | +44.2% | +42.1% | +7.8% | +8.4% | −1.5% |
| YTD | +0.2% | −1.7% | +12.3% | +15.1% | −1.0% |
| 1 year | −15.9% | −22.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +45.1%+13.2%/yr | +23.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionSep 7, 2022 | +90.8%+17.0%/yr | +58.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MSFU vs SPY
From Sep 7, 2022: MSFU grew to $19,082, SPY to $20,205.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MSFU returns by calendar year
3 of 3 full years positive. Best 2023 (+83.0%), worst 2024 (+5.8%). 2026 is year to date.
MSFU annual returns table
| Year | MSFU | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +0.2% | −51.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +13.4% | −38.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +5.8% | −29.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +83.0% | −20.2% | +26.2% | +54.9% | +5.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MSFU largest drawdowns
Now 22.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 4, 2025 | −62.4% | Jun 25, 2026 | not yet | 11 months | 1.2 years so far |
| Jul 5, 2024 | −48.1% | Apr 8, 2025 | Jul 15, 2025 | 9 months | 1.0 years |
| Sep 12, 2022 | −29.2% | Nov 3, 2022 | Mar 16, 2023 | 52 days | 6 months |
| Jul 18, 2023 | −20.2% | Sep 26, 2023 | Nov 10, 2023 | 2 months | 4 months |
| Mar 21, 2024 | −18.5% | Apr 30, 2024 | Jun 12, 2024 | 40 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MSFU risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +14.0% | +21.2% |
| Volatility (annualized) | 56.5% | 51.2% |
| Sharpe ratio | 0.42 | 0.53 |
| Sortino ratio | 0.72 | 0.93 |
| Best month | +50.4% | +50.4% |
| Worst month | −32.8% | −32.8% |
| Best 12 months | +45.6% | +99.0% |
| Worst 12 months | −52.2% | −52.2% |
| Positive months | 53% | 54% |
| Beta vs S&P 500 | 2.40 | — |
| Correlation with S&P 500 | 0.53 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MSFU rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 38 | −52.2% | +15.0% | +99.0% | 63% |
| 3-year (a year) | 14 | −10.1% | +11.6% | +38.7% | 86% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
MSFU performance overview
Daily MSFT Bull 2X ETF (MSFU) returned −15.9% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +17.0% a year, turning $10,000 into about $19,082. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −62.4%, from Aug 4, 2025 to Jun 25, 2026; the fund has not yet regained that high. MSFU finished 3 of its 3 full calendar years with a gain; the best year was 2023 (+83.0%) and the worst 2024 (+5.8%). Volatility has been 51.2% a year.
Related: MSFU chart, MSFU dividends. See the MSFU overview for the latest quote and fund facts.
MSFU performance FAQ
What is the MSFU return over the past year?
MSFU returned −15.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 22.2%.
How much would $10,000 invested in MSFU be worth?
$10,000 invested in MSFU at its first recorded close on September 7, 2022 would be worth about $19,082 on October 23, 2026 with distributions reinvested.
What was the worst year for MSFU?
The worst calendar year was 2024, with a total return of +5.8%. The best was 2023 at +83.0%.
What is the biggest drawdown of MSFU?
The largest peak-to-trough decline was −62.4% between August 4, 2025 and June 25, 2026. It has not yet recovered to that high; it is 22.4% below its peak.
How volatile is MSFU?
Over the past 3 years MSFU had an annualized volatility of 56.5% and a Sharpe ratio of 0.42 (excess return over 1–3 month T-bills per unit of risk).