MSFL vs. FBL
Compare and contrast key facts about GraniteShares 2x Long MSFT Daily ETF (MSFL) and GraniteShares 2x Long META Daily ETF (FBL).
MSFL and FBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MSFL is an actively managed fund by GraniteShares. It was launched on Mar 15, 2024. FBL is an actively managed fund by GraniteShares. It was launched on Dec 12, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MSFL or FBL.
Correlation
The correlation between MSFL and FBL is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MSFL vs. FBL - Performance Comparison
Key characteristics
MSFL:
-0.02
FBL:
0.56
MSFL:
0.34
FBL:
1.23
MSFL:
1.04
FBL:
1.16
MSFL:
-0.02
FBL:
0.67
MSFL:
-0.05
FBL:
1.95
MSFL:
23.84%
FBL:
20.63%
MSFL:
51.16%
FBL:
72.01%
MSFL:
-47.70%
FBL:
-59.80%
MSFL:
-23.71%
FBL:
-39.70%
Returns By Period
In the year-to-date period, MSFL achieves a -0.52% return, which is significantly higher than FBL's -6.48% return.
MSFL
-0.52%
42.98%
-1.45%
-2.37%
N/A
N/A
FBL
-6.48%
28.20%
-3.92%
31.03%
N/A
N/A
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MSFL vs. FBL - Expense Ratio Comparison
Both MSFL and FBL have an expense ratio of 1.15%.
Risk-Adjusted Performance
MSFL vs. FBL — Risk-Adjusted Performance Rank
MSFL
FBL
MSFL vs. FBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long MSFT Daily ETF (MSFL) and GraniteShares 2x Long META Daily ETF (FBL). 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.
Dividends
MSFL vs. FBL - Dividend Comparison
Neither MSFL nor FBL has paid dividends to shareholders.
| TTM | 2024 | 2023 | |
|---|---|---|---|
MSFL GraniteShares 2x Long MSFT Daily ETF | 0.00% | 0.00% | 0.00% |
FBL GraniteShares 2x Long META Daily ETF | 0.00% | 0.00% | 51.58% |
Drawdowns
MSFL vs. FBL - Drawdown Comparison
The maximum MSFL drawdown since its inception was -47.70%, smaller than the maximum FBL drawdown of -59.80%. Use the drawdown chart below to compare losses from any high point for MSFL and FBL. For additional features, visit the drawdowns tool.
Volatility
MSFL vs. FBL - Volatility Comparison
The current volatility for GraniteShares 2x Long MSFT Daily ETF (MSFL) is 27.19%, while GraniteShares 2x Long META Daily ETF (FBL) has a volatility of 36.59%. This indicates that MSFL experiences smaller price fluctuations and is considered to be less risky than FBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.