BEZ vs. MSDD
BEZ (Tradr 2X Short BE Daily ETF) and MSDD (GraniteShares 2x Short MSTR Daily ETF) are both Inverse Equities funds. BEZ is passively managed, while MSDD is actively managed. At a 0.25 correlation, their price movements are largely independent. BEZ charges 1.49%/yr vs 1.50%/yr for MSDD.
Performance
BEZ vs. MSDD - Performance Comparison
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Returns By Period
BEZ
- 1D
- 28.30%
- 1M
- 23.72%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSDD
- 1D
- 0.00%
- 1M
- 0.02%
- 6M
- -31.48%
- YTD
- -48.72%
- 1Y
- 179.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BEZ vs. MSDD - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BEZ Tradr 2X Short BE Daily ETF | -91.65% |
MSDD GraniteShares 2x Short MSTR Daily ETF | -35.03% |
Correlation
The correlation between BEZ and MSDD is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 11, 2026 | 0.25 |
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Return for Risk
BEZ vs. MSDD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Short BE Daily ETF (BEZ) and GraniteShares 2x Short MSTR Daily ETF (MSDD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| BEZ | MSDD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.92 | — |
| Martin ratioReturn relative to average drawdown | — | 1.81 | — |
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Drawdowns
BEZ vs. MSDD - Drawdown Comparison
The maximum BEZ drawdown since its inception was -96.31%, which is greater than MSDD's maximum drawdown of -84.91%. Use the drawdown chart below to compare losses from any high point for BEZ and MSDD.
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Drawdown Indicators
| BEZ | MSDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.31% | -84.91% | -11.40% |
Max Drawdown (1Y)Largest decline over 1 year | — | -84.91% | — |
Current DrawdownCurrent decline from peak | -92.46% | -68.63% | -23.83% |
Average DrawdownAverage peak-to-trough decline | -68.64% | -31.40% | -37.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 43.10% | — |
Volatility
BEZ vs. MSDD - Volatility Comparison
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Volatility by Period
| BEZ | MSDD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 32.11% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 124.37% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 229.77% | 140.94% | +88.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 229.77% | 138.59% | +91.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 229.77% | 138.59% | +91.18% |
BEZ vs. MSDD - Expense Ratio Comparison
BEZ has a 1.49% expense ratio, which is lower than MSDD's 1.50% expense ratio.
Dividends
BEZ vs. MSDD - Dividend Comparison
Neither BEZ nor MSDD has paid dividends to shareholders.
Frequently Asked Questions
BEZ and MSDD have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BEZ is cheaper at 1.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BEZ is cheaper with a 1.49% expense ratio, compared with 1.50% for MSDD.
BEZ and MSDD have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Tradr and GraniteShares. Their fees differ too: 1.49% for BEZ and 1.50% for MSDD.
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