MSFL vs. DRLL

Last updated Jun 5, 2026

MSFL (GraniteShares 2x Long MSFT Daily ETF) and DRLL (Strive U.S. Energy ETF) are both exchange-traded funds - MSFL is a Leveraged Equities fund actively managed by GraniteShares, while DRLL is a Energy Equities fund tracking the Bloomberg US Energy Select Index. MSFL is actively managed, while DRLL is passively managed. Over the past year, MSFL returned -25.09% vs 45.18% for DRLL. At a correlation of -0.02, they often move in opposite directions. MSFL charges 1.15%/yr vs 0.41%/yr for DRLL.

Performance

MSFL vs. DRLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long MSFT Daily ETF (MSFL) and Strive U.S. Energy ETF (DRLL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSFL achieves a -27.39% return, which is significantly lower than DRLL's 30.70% return.

MSFL

• 1D: 0.41%
• 1M: 6.90%
• YTD: -27.39%
• 6M: -26.98%
• 1Y: -25.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DRLL

• 1D: -0.43%
• 1M: -2.43%
• YTD: 30.70%
• 6M: 26.68%
• 1Y: 45.18%
• 3Y*: 14.74%
• 5Y*: —
• 10Y*: —

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

MSFL vs. DRLL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MSFL GraniteShares 2x Long MSFT Daily ETF	-27.39%	16.99%	-9.07%
DRLL Strive U.S. Energy ETF	30.70%	7.74%	-7.83%

Correlation

The correlation between MSFL and DRLL is -0.14, 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	-0.14
Correlation (All Time) Calculated using the full available price history since Mar 19, 2024	-0.02

The correlation between MSFL and DRLL shifts across timeframes, from -0.14 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.

MSFL vs. DRLL - Sectors Allocation Comparison

Sectors	MSFL	DRLL
Technology	66.6%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	0.9%
Consumer Defensive	-	-
Energy	-	99.1%
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

MSFL vs. DRLL — Risk / Return Rank

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

MSFL

MSFL Risk / Return Rank: 5
MSFL Sharpe Ratio Rank: 5
MSFL Sortino Ratio Rank: 5
MSFL Omega Ratio Rank: 5
MSFL Calmar Ratio Rank: 5
MSFL Martin Ratio Rank: 5

DRLL

DRLL Risk / Return Rank: 58
DRLL Sharpe Ratio Rank: 62
DRLL Sortino Ratio Rank: 55
DRLL Omega Ratio Rank: 54
DRLL Calmar Ratio Rank: 66
DRLL Martin Ratio Rank: 54

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.

MSFL vs. DRLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long MSFT Daily ETF (MSFL) and Strive U.S. Energy ETF (DRLL). 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.

	MSFL	DRLL	Difference
Sharpe ratio: Return per unit of total volatility	-0.50	2.04	-2.55
Sortino ratio: Return per unit of downside risk	-0.42	2.61	-3.03
Omega ratio: Gain probability vs. loss probability	0.94	1.33	-0.39
Calmar ratio: Return relative to maximum drawdown	-0.42	3.26	-3.68
Martin ratio: Return relative to average drawdown	-0.82	9.19	-10.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSFL vs. DRLL - Sharpe Ratio Comparison

The current MSFL Sharpe Ratio is -0.50, which is lower than the DRLL Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of MSFL and DRLL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MSFL	DRLL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.50	2.04	-2.55
Sharpe Ratio (All Time) Calculated using the full available price history	-0.22	0.56	-0.79

Drawdowns

MSFL vs. DRLL - Drawdown Comparison

The maximum MSFL drawdown since its inception was -59.39%, which is greater than DRLL's maximum drawdown of -23.73%. Use the drawdown chart below to compare losses from any high point for MSFL and DRLL.

Drawdown Indicators

	MSFL	DRLL	Difference
Max Drawdown Largest peak-to-trough decline	-59.39%	-23.73%	-35.66%
Max Drawdown (1Y) Largest decline over 1 year	-59.39%	-13.93%	-45.46%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.73%	—
Current Drawdown Current decline from peak	-43.42%	-8.49%	-34.93%
Average Drawdown Average peak-to-trough decline	-21.62%	-8.02%	-13.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.73%	4.93%	+25.80%

Volatility

MSFL vs. DRLL - Volatility Comparison

GraniteShares 2x Long MSFT Daily ETF (MSFL) has a higher volatility of 19.76% compared to Strive U.S. Energy ETF (DRLL) at 9.15%. This indicates that MSFL's price experiences larger fluctuations and is considered to be riskier than DRLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSFL	DRLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.76%	9.15%	+10.61%
Volatility (6M) Calculated over the trailing 6-month period	45.21%	18.00%	+27.21%
Volatility (1Y) Calculated over the trailing 1-year period	50.18%	22.30%	+27.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.55%	23.75%	+25.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.55%	23.75%	+25.80%

MSFL vs. DRLL - Expense Ratio Comparison

MSFL has a 1.15% expense ratio, which is higher than DRLL's 0.41% expense ratio.

Dividends

MSFL vs. DRLL - Dividend Comparison

MSFL has not paid dividends to shareholders, while DRLL's dividend yield for the trailing twelve months is around 2.34%.

Position	TTM	2025	2024	2023	2022
DRLL Strive U.S. Energy ETF	2.34%	2.99%	3.00%	3.01%	1.18%
MSFL GraniteShares 2x Long MSFT Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MSFL and DRLL in my portfolio?

MSFL and DRLL have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSFL or DRLL?

MSFL has higher volatility (19.76%) compared to DRLL (9.15%). In terms of maximum drawdown, MSFL dropped -59.39% vs DRLL's -23.73%.

Which ETF is better, MSFL or DRLL?

On 1-year performance, DRLL leads with 45.18% vs -25.09% for MSFL. On fees, DRLL is cheaper at 0.41% per year. On volatility, DRLL has been the lower-risk option at 9.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSFL or DRLL?

Over the 1-year period, DRLL has performed better with a 45.18% return vs -25.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSFL or DRLL?

DRLL is cheaper with a 0.41% expense ratio, compared with 1.15% for MSFL.

Which ETF pays a higher dividend yield, MSFL or DRLL?

DRLL has the higher dividend yield at 2.34%, compared with 0.00% for MSFL.

What is the main difference between MSFL and DRLL?

MSFL is categorized as Leveraged Equities, while DRLL is Energy Equities. They also come from different issuers: GraniteShares and Strive. Their fees differ too: 1.15% for MSFL and 0.41% for DRLL.

Which has better risk-adjusted returns?

DRLL currently has the higher Sharpe Ratio (2.04 vs -0.50), 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.