- Issuer
- GraniteShares
- Inception Date
- Mar 15, 2024
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- No Index (Active)
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Assets Under Management
- $117M
Highlights
- Avg. Volume (1M)
- 2M
- Avg. Volume Value (1M)
- $32.36M
Share Price Chart
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Performance
MSFL Performance Chart
GraniteShares 2x Long MSFT Daily ETF (MSFL) is down 18.7% since the beginning of the year. MSFL is currently trading at $22 per share.
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Returns By Period
GraniteShares 2x Long MSFT Daily ETF (MSFL) has returned -18.68% so far this year and -33.16% over the past 12 months.
GraniteShares 2x Long MSFT Daily ETF
- 1D
- 5.79%
- 1M
- 37.76%
- 6M
- 5.09%
- YTD
- -18.68%
- 1Y
- -33.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -5.56%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
MSFL Monthly Returns History
Based on dividend-adjusted daily data since Mar 18, 2024, MSFL's average daily return is +0.03%, while the average monthly return is +0.94%. At this rate, an investment would double in approximately 6.2 years.
Historically, 45% of months were positive and 55% were negative. The best month was Jul 2026 with a return of +50.3%, while the worst month was Jun 2026 at -32.8%. 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 Jul 30, 2026 with a return of +30.1%, while the worst single day was Jan 29, 2026 at -20.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -22.61% | -17.59% | -12.11% | 18.90% | 20.81% | -32.80% | 50.31% | -18.68% | |||||
| 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 | 0.46% | -15.55% | 12.66% | 15.12% | -14.03% | -1.12% | 5.40% | -11.74% | 7.58% | -1.94% | -8.21% |
Benchmark Metrics
GraniteShares 2x Long MSFT Daily ETF has an annualized alpha of -22.09%, beta of 1.94, and R2 of 0.32 versus S&P 500 Index. Calculated based on daily prices since March 18, 2024.
- This ETF participated in 260.94% of S&P 500 Index downside but only 111.39% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.32 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
- -22.09%
- Beta
- 1.94
- R²
- 0.32
- Upside Capture
- 111.39%
- Downside Capture
- 260.94%
Expense Ratio
MSFL has a high expense ratio of 1.15%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MSFL ranks 5 for risk / return — above 5% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for GraniteShares 2x Long MSFT Daily ETF (MSFL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MSFL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.98 | ||
| Sortino ratioReturn per unit of downside risk | -2.56 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.25 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 2.00 | -2.58 |
| Martin ratioReturn relative to average drawdown | -0.95 | 8.49 | -9.44 |
Dividends
Dividend History
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 62.08%, occurring on Jun 25, 2026. The portfolio has not yet recovered.
The current GraniteShares 2x Long MSFT Daily ETF drawdown is 36.63%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-62.08%Jun 2026 | 7mo 28d | — | 9mo 6dOct 2025 - now | — |
-47.70%Apr 2025 | 9mo 4d | 3mo 2d | 1y 1dJul 2024 - Jul 2025 | 2025 selloff2025 |
-19.16%Apr 2024 | 1mo 9d | 1mo 13d | 2mo 22dMar 2024 - Jun 2024 | — |
-15.03%Sep 2025 | 1mo 1d | 1mo 23d | 2mo 24dAug 2025 - Oct 2025 | — |
-3.53%Aug 2025 | 1d | 3d | 3dAug 2025 - Aug 2025 | — |
Drawdown Indicators
| MSFL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.08% | -56.78% | -5.30% |
Max Drawdown (1Y)Largest decline over 1 year | -62.08% | -9.10% | -52.98% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -36.63% | -1.58% | -35.05% |
Average DrawdownAverage peak-to-trough decline | -23.68% | -10.70% | -12.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.31% | 2.14% | +35.17% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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