GEVG vs. MSFL
GEVG (Leverage Shares 2X Long GEV Daily ETF) and MSFL (GraniteShares 2x Long MSFT Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.12, they often move in opposite directions. GEVG charges 0.75%/yr vs 1.15%/yr for MSFL.
Performance
GEVG vs. MSFL - Performance Comparison
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Returns By Period
In the year-to-date period, GEVG achieves a 106.82% return, which is significantly higher than MSFL's -37.88% return.
GEVG
- 1D
- -4.06%
- 1M
- 5.90%
- 6M
- 117.21%
- YTD
- 106.82%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSFL
- 1D
- 2.74%
- 1M
- 1.75%
- 6M
- -30.12%
- YTD
- -37.88%
- 1Y
- -45.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GEVG vs. MSFL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GEVG Leverage Shares 2X Long GEV Daily ETF | 106.82% | -11.27% |
MSFL GraniteShares 2x Long MSFT Daily ETF | -37.88% | 3.37% |
Correlation
The correlation between GEVG and MSFL is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025 | -0.12 |
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Return for Risk
GEVG vs. MSFL — Risk / Return Rank
GEVG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MSFL
GEVG vs. MSFL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long GEV Daily ETF (GEVG) 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.
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.
| GEVG | MSFL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.86 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.74 | — |
| Martin ratioReturn relative to average drawdown | — | -1.28 | — |
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Drawdowns
GEVG vs. MSFL - Drawdown Comparison
The maximum GEVG drawdown since its inception was -45.50%, smaller than the maximum MSFL drawdown of -62.08%. Use the drawdown chart below to compare losses from any high point for GEVG and MSFL.
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Drawdown Indicators
| GEVG | MSFL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.50% | -62.08% | +16.58% |
Max Drawdown (1Y)Largest decline over 1 year | — | -62.08% | — |
Current DrawdownCurrent decline from peak | -25.95% | -51.59% | +25.64% |
Average DrawdownAverage peak-to-trough decline | -12.01% | -23.16% | +11.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 35.73% | — |
Volatility
GEVG vs. MSFL - Volatility Comparison
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Volatility by Period
| GEVG | MSFL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 21.11% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 49.31% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 102.65% | 54.50% | +48.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 102.65% | 50.61% | +52.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 102.65% | 50.61% | +52.04% |
GEVG vs. MSFL - Expense Ratio Comparison
GEVG has a 0.75% expense ratio, which is lower than MSFL's 1.15% expense ratio.
Dividends
GEVG vs. MSFL - Dividend Comparison
Neither GEVG nor MSFL has paid dividends to shareholders.
Frequently Asked Questions
GEVG and MSFL have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GEVG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GEVG is cheaper with a 0.75% expense ratio, compared with 1.15% for MSFL.
GEVG and MSFL have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and GraniteShares. Their fees differ too: 0.75% for GEVG and 1.15% for MSFL.
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