MSDD vs. BRKD
MSDD (GraniteShares 2x Short MSTR Daily ETF) and BRKD (Direxion Daily BRKB Bear 1X Shares) are both Inverse Equities funds. MSDD is actively managed, while BRKD is passively managed. At a correlation of -0.15, they often move in opposite directions. MSDD charges 1.50%/yr vs 1.00%/yr for BRKD.
Performance
MSDD vs. BRKD - Performance Comparison
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Returns By Period
In the year-to-date period, MSDD achieves a -49.24% return, which is significantly lower than BRKD's 5.90% return.
MSDD
- 1D
- -3.94%
- 1M
- 84.54%
- YTD
- -49.24%
- 6M
- -28.51%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BRKD
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 5.90%
- 6M
- 6.21%
- 1Y
- 6.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSDD vs. BRKD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSDD GraniteShares 2x Short MSTR Daily ETF | -49.24% | 271.43% |
BRKD Direxion Daily BRKB Bear 1X Shares | 5.90% | 0.44% |
Correlation
The correlation between MSDD and BRKD is -0.15, 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 Jun 11, 2025 | -0.15 |
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Return for Risk
MSDD vs. BRKD — Risk / Return Rank
MSDD
BRKD
MSDD vs. BRKD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short MSTR Daily ETF (MSDD) and Direxion Daily BRKB Bear 1X Shares (BRKD). 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
| MSDD | BRKD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.04 | +0.61 |
Drawdowns
MSDD vs. BRKD - Drawdown Comparison
The maximum MSDD drawdown since its inception was -84.91%, which is greater than BRKD's maximum drawdown of -17.92%. Use the drawdown chart below to compare losses from any high point for MSDD and BRKD.
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Drawdown Indicators
| MSDD | BRKD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.91% | -17.92% | -66.99% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.34% | — |
Current DrawdownCurrent decline from peak | -68.95% | -3.69% | -65.26% |
Average DrawdownAverage peak-to-trough decline | -29.58% | -7.73% | -21.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.78% | — |
Volatility
MSDD vs. BRKD - Volatility Comparison
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Volatility by Period
| MSDD | BRKD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.00% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.20% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 141.35% | 13.32% | +128.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 141.35% | 17.23% | +124.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 141.35% | 17.23% | +124.12% |
MSDD vs. BRKD - Expense Ratio Comparison
MSDD has a 1.50% expense ratio, which is higher than BRKD's 1.00% expense ratio.
Dividends
MSDD vs. BRKD - Dividend Comparison
MSDD has not paid dividends to shareholders, while BRKD's dividend yield for the trailing twelve months is around 2.82%.
| Position | TTM | 2025 |
|---|---|---|
BRKD Direxion Daily BRKB Bear 1X Shares | 2.82% | 3.50% |
MSDD GraniteShares 2x Short MSTR Daily ETF | 0.00% | 0.00% |
Frequently Asked Questions
MSDD and BRKD have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BRKD is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BRKD is cheaper with a 1.00% expense ratio, compared with 1.50% for MSDD.
BRKD has the higher dividend yield at 2.82%, compared with 0.00% for MSDD.
They also come from different issuers: GraniteShares and Direxion. Their fees differ too: 1.50% for MSDD and 1.00% for BRKD.
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