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FBL vs. MSFL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FBL and MSFL is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

FBL vs. MSFL

Last updated May 25, 2025

Compare and contrast key facts about GraniteShares 2x Long META Daily ETF (FBL) and GraniteShares 2x Long MSFT Daily ETF (MSFL).

FBL and MSFL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FBL is an actively managed fund by GraniteShares. It was launched on Dec 12, 2022. MSFL is an actively managed fund by GraniteShares. It was launched on Mar 15, 2024.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBL or MSFL.

Performance

FBL vs. MSFL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long META Daily ETF (FBL) and GraniteShares 2x Long MSFT Daily ETF (MSFL). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

FBL:

0.62

MSFL:

-0.06

Sortino Ratio

FBL:

1.33

MSFL:

0.25

Omega Ratio

FBL:

1.17

MSFL:

1.03

Calmar Ratio

FBL:

0.76

MSFL:

-0.09

Martin Ratio

FBL:

2.10

MSFL:

-0.17

Ulcer Index

FBL:

21.81%

MSFL:

24.15%

Daily Std Dev

FBL:

73.80%

MSFL:

51.30%

Max Drawdown

FBL:

-59.80%

MSFL:

-47.70%

Current Drawdown

FBL:

-34.30%

MSFL:

-17.87%

Returns By Period

In the year-to-date period, FBL achieves a 1.88% return, which is significantly lower than MSFL's 7.10% return.

FBL

YTD

1.88%

1M

35.60%

6M

10.33%

1Y

38.05%

3Y*

N/A

5Y*

N/A

10Y*

N/A

MSFL

YTD

7.10%

1M

33.75%

6M

8.12%

1Y

-4.41%

3Y*

N/A

5Y*

N/A

10Y*

N/A

*Annualized

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GraniteShares 2x Long META Daily ETF

GraniteShares 2x Long MSFT Daily ETF

FBL vs. MSFL - Expense Ratio Comparison

Both FBL and MSFL have an expense ratio of 1.15%.

FBL
GraniteShares 2x Long META Daily ETF
MSFL
GraniteShares 2x Long MSFT Daily ETF
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

FBL vs. MSFL — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FBL
The Risk-Adjusted Performance Rank of FBL is 7272
Overall Rank
The Sharpe Ratio Rank of FBL is 6363
Sharpe Ratio Rank
The Sortino Ratio Rank of FBL is 7979
Sortino Ratio Rank
The Omega Ratio Rank of FBL is 7777
Omega Ratio Rank
The Calmar Ratio Rank of FBL is 7676
Calmar Ratio Rank
The Martin Ratio Rank of FBL is 6363
Martin Ratio Rank
MSFL
The Risk-Adjusted Performance Rank of MSFL is 1818
Overall Rank
The Sharpe Ratio Rank of MSFL is 1515
Sharpe Ratio Rank
The Sortino Ratio Rank of MSFL is 2323
Sortino Ratio Rank
The Omega Ratio Rank of MSFL is 2222
Omega Ratio Rank
The Calmar Ratio Rank of MSFL is 1414
Calmar Ratio Rank
The Martin Ratio Rank of MSFL is 1616
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FBL vs. MSFL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long META Daily ETF (FBL) and GraniteShares 2x Long MSFT Daily ETF (MSFL). 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.

The current FBL Sharpe Ratio is 0.62, which is higher than the MSFL Sharpe Ratio of -0.06. The chart below compares the historical Sharpe Ratios of FBL and MSFL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

FBL vs. MSFL - Dividend Comparison

Neither FBL nor MSFL has paid dividends to shareholders.

TTM20242023
FBL
GraniteShares 2x Long META Daily ETF		0.00%0.00%51.58%
MSFL
GraniteShares 2x Long MSFT Daily ETF		0.00%0.00%0.00%

Drawdowns

FBL vs. MSFL - Drawdown Comparison

The maximum FBL drawdown since its inception was -59.80%, which is greater than MSFL's maximum drawdown of -47.70%. Use the drawdown chart below to compare losses from any high point for FBL and MSFL.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

FBL vs. MSFL - Volatility Comparison

GraniteShares 2x Long META Daily ETF (FBL) has a higher volatility of 21.66% compared to GraniteShares 2x Long MSFT Daily ETF (MSFL) at 15.57%. This indicates that FBL's price experiences larger fluctuations and is considered to be riskier than MSFL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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