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 -0.03, 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 88.18% return, which is significantly higher than MSFL's -27.69% return.
GEVG
- 1D
- -2.09%
- 1M
- -22.22%
- YTD
- 88.18%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSFL
- 1D
- -6.43%
- 1M
- 5.25%
- YTD
- -27.69%
- 6M
- -26.50%
- 1Y
- -25.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GEVG vs. MSFL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GEVG Leverage Shares 2X Long GEV Daily ETF | 88.18% | -11.09% |
MSFL GraniteShares 2x Long MSFT Daily ETF | -27.69% | 2.58% |
Correlation
The correlation between GEVG and MSFL is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 17, 2025 | -0.03 |
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Return for Risk
GEVG vs. MSFL — Risk / Return Rank
GEVG
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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| GEVG | MSFL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.17 | -0.23 | +2.40 |
Drawdowns
GEVG vs. MSFL - Drawdown Comparison
The maximum GEVG drawdown since its inception was -33.81%, smaller than the maximum MSFL drawdown of -59.39%. 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 | -33.81% | -59.39% | +25.58% |
Max Drawdown (1Y)Largest decline over 1 year | — | -59.39% | — |
Current DrawdownCurrent decline from peak | -32.62% | -43.65% | +11.03% |
Average DrawdownAverage peak-to-trough decline | -9.25% | -21.58% | +12.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 30.61% | — |
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 | — | 19.81% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 45.23% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 96.61% | 50.19% | +46.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 96.61% | 49.60% | +47.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.61% | 49.60% | +47.01% |
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 -0.03, 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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