Direxion Shares ETF Trust Direxion Daily MSFT Bull 2X ETF (MSFU) — Stock Correlations & Overview
Over the past year, MSFU has moved most closely with MSFL, MSFT, MSFX. Explore the stocks most correlated and inversely correlated with MSFU below, along with its price, financials, and company profile.
Stocks correlated with MSFU
Correlation of daily returns. Higher positive values move with MSFU; negative values move opposite it. Informational only, not investment advice.
Most correlated with MSFU
| Symbol | Company | Correlation |
|---|---|---|
| MSFL | GraniteShares 2x Long MSFT Daily ETF | 0.99 |
| MSFT | Microsoft CorpSERVICES-PREPACKAGED SOFTWARE | 0.99 |
| MSFX | T-Rex 2X Long Microsoft Daily Target ETF | 0.99 |
| MSFW | Roundhill MSFT WeeklyPay ETF | 0.98 |
| MSFY | Kurv Yield Premium Strategy Microsoft (MSFT) ETF | 0.97 |
Most inversely correlated with MSFU
| Symbol | Company | Correlation |
|---|---|---|
| MSFD | Direxion Shares ETF Trust Direxion Daily MSFT Bear 1X ETF | -0.99 |
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | -0.53 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.52 |
| QQQD | Direxion Daily Magnificent 7 Bear 1X ETF | -0.52 |
| FNGD | MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC | -0.50 |
Frequently asked questions about MSFU correlations
- Which stocks are most correlated with MSFU?
- Based on one year of daily returns, the stocks most correlated with Direxion Shares ETF Trust Direxion Daily MSFT Bull 2X ETF (MSFU) are MSFL (0.99), MSFT (0.99) and MSFX (0.99). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with MSFU?
- Over the past year, the stocks most inversely correlated with Direxion Shares ETF Trust Direxion Daily MSFT Bull 2X ETF (MSFU) are MSFD (-0.99), QQDN (-0.53) and WEBS (-0.52). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these MSFU correlations calculated?
- We compute the correlation of daily returns between MSFU and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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