PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

GraniteShares 2x Short MSTR Daily ETF (MSDD) Sharpe Ratio: 0.55
Delisted

ETF · Currency in USD · Last updated Jul 12, 2026

MSDD is an actively managed ETF by GraniteShares. MSDD launched on Jun 9, 2025 and has a 1.50% expense ratio.

MSDD's Sharpe Ratio of 0.55 indicates that for each unit of volatility, it generates 0.55 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 12, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

MSDD Sharpe Ratio Market Positioning

The chart shows MSDD's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.74 or lower
  • Yellow zone (middle 50%): 0.74 to 1.91
  • Green zone (top 25%): 1.91 or higher
  • Top 1%: 6.61+
  • Median: 1.39 — half of all investments score higher

How it compares to other similar ETFs

The table compares GraniteShares 2x Short MSTR Daily ETF's Sharpe Ratio with other ETFs in the Inverse Equities category across multiple time periods, showing how MSDD's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 12, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
NFXSDirexion Daily NFLX Bear 1X Shares1.81
MSTZT-REX 2X Inverse MSTR Daily Target ETF1.64
SMSTDefiance Daily Target 2X Short MSTR ETF1.37
FIATYieldMax Short COIN Option Income Strategy ETF1.07
MSFDDirexion Daily MSFT Bear 1X Shares1.01
SVIX-1x Short VIX Futures ETF0.92
YXIProShares Short FTSE China 500.45
CONIGraniteShares 2x Short COIN Daily ETF0.27
BRKDDirexion Daily BRKB Bear 1X Shares0.23
EMTYProShares Decline of the Retail Store ETF0.20
MSDDGraniteShares 2x Short MSTR Daily ETF—

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows MSDD's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when MSDD consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

Loading charts...

Sharpe Ratio Calculator

How does MSDD fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

Analyze Your Portfolio