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GraniteShares 2x Long MSFT Daily ETF (MSFL)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

Inception Date
Mar 15, 2024
Leveraged
1x (No leverage)
Index Tracked
No Index (Active)
Distribution Policy
Accumulating
Asset Class
Equity

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in GraniteShares 2x Long MSFT Daily ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

GraniteShares 2x Long MSFT Daily ETF (MSFL) has returned -43.95% so far this year and -14.43% over the past 12 months.


GraniteShares 2x Long MSFT Daily ETF

1D
6.35%
1M
-12.11%
YTD
-43.95%
6M
-52.20%
1Y
-14.43%
3Y*
5Y*
10Y*

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Mar 18, 2024, MSFL's average daily return is -0.06%, while the average monthly return is -1.24%.

Historically, 36% of months were positive and 64% were negative. The best month was May 2025 with a return of +34.0%, while the worst month was Jan 2026 at -22.6%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 6 months.

On a daily basis, MSFL closed higher 51% of trading days. The best single day was Apr 9, 2025 with a return of +20.1%, while the worst single day was Jan 29, 2026 at -20.2%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026-22.61%-17.59%-12.11%-43.95%
2025-4.39%-8.96%-11.96%8.70%34.04%16.03%13.88%-10.21%3.54%-0.75%-10.43%-4.06%16.99%
2024-0.48%-15.55%12.66%15.12%-14.03%-1.12%5.40%-11.74%7.58%-1.94%-9.07%

Benchmark Metrics

GraniteShares 2x Long MSFT Daily ETF has an annualized alpha of -32.49%, beta of 1.94, and R² of 0.43 versus S&P 500 Index. Calculated based on daily prices since March 19, 2024.

  • This ETF participated in 260.18% of S&P 500 Index downside but only 61.19% of its upside — more exposed to losses than it benefited from rallies.
  • R² of 0.43 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.

Alpha
-32.49%
Beta
1.94
0.43
Upside Capture
61.19%
Downside Capture
260.18%

Expense Ratio

MSFL has a high expense ratio of 1.15%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

MSFL ranks 8 for risk / return — in the bottom 8% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.


MSFL Risk / Return Rank: 88
Overall Rank
MSFL Sharpe Ratio Rank: 77
Sharpe Ratio Rank
MSFL Sortino Ratio Rank: 99
Sortino Ratio Rank
MSFL Omega Ratio Rank: 99
Omega Ratio Rank
MSFL Calmar Ratio Rank: 88
Calmar Ratio Rank
MSFL Martin Ratio Rank: 77
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for GraniteShares 2x Long MSFT Daily ETF (MSFL) and compare them to a chosen benchmark (S&P 500 Index).


MSFLBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

-0.27

0.90

-1.17

Sortino ratio

Return per unit of downside risk

-0.04

1.39

-1.43

Omega ratio

Gain probability vs. loss probability

0.99

1.21

-0.22

Calmar ratio

Return relative to maximum drawdown

-0.27

1.40

-1.67

Martin ratio

Return relative to average drawdown

-0.69

6.61

-7.29

Explore MSFL risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History


GraniteShares 2x Long MSFT Daily ETF doesn't pay dividends

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the GraniteShares 2x Long MSFT Daily ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the GraniteShares 2x Long MSFT Daily ETF was 59.39%, occurring on Mar 27, 2026. The portfolio has not yet recovered.

The current GraniteShares 2x Long MSFT Daily ETF drawdown is 56.32%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-59.39%Oct 30, 2025102Mar 27, 2026
-47.7%Jul 8, 2024190Apr 8, 202562Jul 9, 2025252
-19.16%Mar 22, 202427Apr 30, 202430Jun 12, 202457
-15.03%Aug 5, 202523Sep 5, 202537Oct 28, 202560
-3.53%Aug 1, 20251Aug 1, 20251Aug 4, 20252

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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