GTEK vs. MSDD

Last updated Jun 26, 2026

GTEK (Goldman Sachs Future Tech Leaders Equity ETF) and MSDD (GraniteShares 2x Short MSTR Daily ETF) are both exchange-traded funds - GTEK is a Technology Equities fund actively managed by Goldman Sachs, while MSDD is a Inverse Equities fund actively managed by GraniteShares. Both are actively managed. Over the past year, GTEK returned 69.25% vs 89.90% for MSDD. At a correlation of -0.46, they often move in opposite directions. GTEK charges 0.75%/yr vs 1.50%/yr for MSDD.

Performance

GTEK vs. MSDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Future Tech Leaders Equity ETF (GTEK) and GraniteShares 2x Short MSTR Daily ETF (MSDD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GTEK achieves a 50.39% return, which is significantly higher than MSDD's -48.72% return.

GTEK

• 1D: 0.40%
• 1M: 2.09%
• YTD: 50.39%
• 6M: 49.54%
• 1Y: 69.25%
• 3Y*: 34.53%
• 5Y*: —
• 10Y*: —

MSDD

• 1D: 0.00%
• 1M: 44.99%
• YTD: -48.72%
• 6M: -44.83%
• 1Y: 89.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GTEK vs. MSDD - Yearly Performance Comparison

	2026 (YTD)	2025
GTEK Goldman Sachs Future Tech Leaders Equity ETF	50.39%	15.56%
MSDD GraniteShares 2x Short MSTR Daily ETF	-48.72%	274.52%

Correlation

The correlation between GTEK and MSDD is -0.47, 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 (1Y) Calculated over the trailing 1-year period	-0.47
Correlation (All Time) Calculated using the full available price history since Jun 10, 2025	-0.46

GTEK vs. MSDD - Sectors Allocation Comparison

Sectors	GTEK	MSDD
Technology	75.2%	200.1%
Industrials	7.8%	-
Communication Services	4.0%	-
Consumer Cyclical	3.7%	-
Basic Materials	3.4%	-
Real Estate	2.6%	-
Financial Services	1.3%	-
Healthcare	1.2%	-
Consumer Defensive	-	-
Energy	-	-
Utilities	-	-

Return for Risk

GTEK vs. MSDD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GTEK

GTEK Risk / Return Rank: 86
GTEK Sharpe Ratio Rank: 86
GTEK Sortino Ratio Rank: 78
GTEK Omega Ratio Rank: 78
GTEK Calmar Ratio Rank: 94
GTEK Martin Ratio Rank: 92

MSDD

MSDD Risk / Return Rank: 25
MSDD Sharpe Ratio Rank: 18
MSDD Sortino Ratio Rank: 33
MSDD Omega Ratio Rank: 34
MSDD Calmar Ratio Rank: 21
MSDD Martin Ratio Rank: 18

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GTEK vs. MSDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Future Tech Leaders Equity ETF (GTEK) 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.

	GTEK	MSDD	Difference
Sharpe ratio: Return per unit of total volatility	2.44	0.55	+1.89
Sortino ratio: Return per unit of downside risk	3.02	1.66	+1.36
Omega ratio: Gain probability vs. loss probability	1.40	1.22	+0.18
Calmar ratio: Return relative to maximum drawdown	6.25	0.92	+5.33
Martin ratio: Return relative to average drawdown	19.24	1.81	+17.42

GTEK vs. MSDD - Sharpe Ratio Comparison

The current GTEK Sharpe Ratio is 2.44, which is higher than the MSDD Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of GTEK and MSDD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GTEK vs. MSDD - Drawdown Comparison

The maximum GTEK drawdown since its inception was -53.77%, smaller than the maximum MSDD drawdown of -84.91%. Use the drawdown chart below to compare losses from any high point for GTEK and MSDD.

Drawdown Indicators

	GTEK	MSDD	Difference
Max Drawdown Largest peak-to-trough decline	-53.77%	-84.91%	+31.14%
Max Drawdown (1Y) Largest decline over 1 year	-11.13%	-84.91%	+73.78%
Max Drawdown (3Y) Largest decline over 3 years	-27.49%	—	—
Current Drawdown Current decline from peak	-3.99%	-68.63%	+64.64%
Average Drawdown Average peak-to-trough decline	-27.20%	-31.40%	+4.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.61%	43.10%	-39.49%

Volatility

GTEK vs. MSDD - Volatility Comparison

The current volatility for Goldman Sachs Future Tech Leaders Equity ETF (GTEK) is 13.24%, while GraniteShares 2x Short MSTR Daily ETF (MSDD) has a volatility of 32.11%. This indicates that GTEK experiences smaller price fluctuations and is considered to be less risky than MSDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GTEK	MSDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.24%	32.11%	-18.87%
Volatility (6M) Calculated over the trailing 6-month period	24.70%	124.37%	-99.67%
Volatility (1Y) Calculated over the trailing 1-year period	28.51%	140.94%	-112.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.68%	138.59%	-109.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.68%	138.59%	-109.91%

GTEK vs. MSDD - Expense Ratio Comparison

GTEK has a 0.75% expense ratio, which is lower than MSDD's 1.50% expense ratio.

Dividends

GTEK vs. MSDD - Dividend Comparison

Neither GTEK nor MSDD has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
GTEK Goldman Sachs Future Tech Leaders Equity ETF	0.00%	0.00%	0.00%	0.26%	0.03%
MSDD GraniteShares 2x Short MSTR Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GTEK and MSDD in my portfolio?

GTEK and MSDD have a correlation of -0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GTEK or MSDD?

MSDD has higher volatility (32.11%) compared to GTEK (13.24%). In terms of maximum drawdown, GTEK dropped -53.77% vs MSDD's -84.91%.

Which ETF is better, GTEK or MSDD?

On 1-year performance, MSDD leads with 89.90% vs 69.25% for GTEK. On fees, GTEK is cheaper at 0.75% per year. On volatility, GTEK has been the lower-risk option at 13.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GTEK or MSDD?

Over the 1-year period, MSDD has performed better with a 89.90% return vs 69.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GTEK or MSDD?

GTEK is cheaper with a 0.75% expense ratio, compared with 1.50% for MSDD.

Which ETF pays a higher dividend yield, GTEK or MSDD?

GTEK and MSDD have nearly identical dividend yields, around 0.00%.

What is the main difference between GTEK and MSDD?

GTEK is categorized as Technology Equities, while MSDD is Inverse Equities. They also come from different issuers: Goldman Sachs and GraniteShares. Their fees differ too: 0.75% for GTEK and 1.50% for MSDD.

Which has better risk-adjusted returns?

GTEK currently has the higher Sharpe Ratio (2.44 vs 0.55), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.