MSDD vs. PLTD
MSDD (GraniteShares 2x Short MSTR Daily ETF) and PLTD (Direxion Daily PLTR Bear 1X Shares) are both Inverse Equities funds. MSDD is actively managed, while PLTD is passively managed. At a 0.39 correlation, their price movements are largely independent. MSDD charges 1.50%/yr vs 0.98%/yr for PLTD.
Performance
MSDD vs. PLTD - Performance Comparison
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Returns By Period
In the year-to-date period, MSDD achieves a -47.16% return, which is significantly lower than PLTD's 13.23% return.
MSDD
- 1D
- 13.67%
- 1M
- 85.18%
- YTD
- -47.16%
- 6M
- -24.30%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PLTD
- 1D
- 6.63%
- 1M
- -0.00%
- YTD
- 13.23%
- 6M
- 11.78%
- 1Y
- -22.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSDD vs. PLTD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSDD GraniteShares 2x Short MSTR Daily ETF | -47.16% | 271.43% |
PLTD Direxion Daily PLTR Bear 1X Shares | 13.23% | -30.64% |
Correlation
The correlation between MSDD and PLTD is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 11, 2025 | 0.39 |
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Return for Risk
MSDD vs. PLTD — Risk / Return Rank
MSDD
PLTD
MSDD vs. PLTD - 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 PLTR Bear 1X Shares (PLTD). 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 | PLTD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | -0.86 | +1.56 |
Drawdowns
MSDD vs. PLTD - Drawdown Comparison
The maximum MSDD drawdown since its inception was -84.91%, which is greater than PLTD's maximum drawdown of -77.34%. Use the drawdown chart below to compare losses from any high point for MSDD and PLTD.
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Drawdown Indicators
| MSDD | PLTD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.91% | -77.34% | -7.57% |
Max Drawdown (1Y)Largest decline over 1 year | — | -44.79% | — |
Current DrawdownCurrent decline from peak | -67.67% | -71.01% | +3.34% |
Average DrawdownAverage peak-to-trough decline | -29.42% | -59.43% | +30.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 30.14% | — |
Volatility
MSDD vs. PLTD - Volatility Comparison
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Volatility by Period
| MSDD | PLTD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 18.68% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 38.02% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 141.56% | 51.79% | +89.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 141.56% | 63.73% | +77.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 141.56% | 63.73% | +77.83% |
MSDD vs. PLTD - Expense Ratio Comparison
MSDD has a 1.50% expense ratio, which is higher than PLTD's 0.98% expense ratio.
Dividends
MSDD vs. PLTD - Dividend Comparison
MSDD has not paid dividends to shareholders, while PLTD's dividend yield for the trailing twelve months is around 3.26%.
| Position | TTM | 2025 |
|---|---|---|
MSDD GraniteShares 2x Short MSTR Daily ETF | 0.00% | 0.00% |
PLTD Direxion Daily PLTR Bear 1X Shares | 3.26% | 5.17% |
Frequently Asked Questions
MSDD and PLTD have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PLTD is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PLTD is cheaper with a 0.98% expense ratio, compared with 1.50% for MSDD.
PLTD has the higher dividend yield at 3.26%, compared with 0.00% for MSDD.
They also come from different issuers: GraniteShares and Direxion. Their fees differ too: 1.50% for MSDD and 0.98% for PLTD.
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