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MSFL vs. FBL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.

MSFL vs. FBL

Last updated May 25, 2025

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.

Performance

MSFL vs. FBL - Performance Comparison

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

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Key characteristics

Sharpe Ratio

MSFL:

-0.06

FBL:

0.62

Sortino Ratio

MSFL:

0.25

FBL:

1.33

Omega Ratio

MSFL:

1.03

FBL:

1.17

Calmar Ratio

MSFL:

-0.09

FBL:

0.76

Martin Ratio

MSFL:

-0.17

FBL:

2.10

Ulcer Index

MSFL:

24.15%

FBL:

21.81%

Daily Std Dev

MSFL:

51.30%

FBL:

73.80%

Max Drawdown

MSFL:

-47.70%

FBL:

-59.80%

Current Drawdown

MSFL:

-17.87%

FBL:

-34.30%

Returns By Period

In the year-to-date period, MSFL achieves a 7.10% return, which is significantly higher than FBL's 1.88% return.

MSFL

YTD

7.10%

1M

33.75%

6M

8.12%

1Y

-4.41%

3Y*

N/A

5Y*

N/A

10Y*

N/A

FBL

YTD

1.88%

1M

35.60%

6M

10.33%

1Y

38.05%

3Y*

N/A

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

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GraniteShares 2x Long MSFT Daily ETF

GraniteShares 2x Long META Daily ETF

MSFL vs. FBL - Expense Ratio Comparison

Both MSFL and FBL have an expense ratio of 1.15%.

MSFL
GraniteShares 2x Long MSFT Daily ETF
FBL
GraniteShares 2x Long META Daily ETF
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

MSFL vs. FBL — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MSFL
The Risk-Adjusted Performance Rank of MSFL is 1818
Overall Rank
The Sharpe Ratio Rank of MSFL is 1515
Sharpe Ratio Rank
The Sortino Ratio Rank of MSFL is 2323
Sortino Ratio Rank
The Omega Ratio Rank of MSFL is 2222
Omega Ratio Rank
The Calmar Ratio Rank of MSFL is 1414
Calmar Ratio Rank
The Martin Ratio Rank of MSFL is 1616
Martin Ratio Rank
FBL
The Risk-Adjusted Performance Rank of FBL is 7272
Overall Rank
The Sharpe Ratio Rank of FBL is 6363
Sharpe Ratio Rank
The Sortino Ratio Rank of FBL is 7979
Sortino Ratio Rank
The Omega Ratio Rank of FBL is 7777
Omega Ratio Rank
The Calmar Ratio Rank of FBL is 7676
Calmar Ratio Rank
The Martin Ratio Rank of FBL is 6363
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The current MSFL Sharpe Ratio is -0.06, which is lower than the FBL Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of MSFL and FBL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

MSFL vs. FBL - Dividend Comparison

Neither MSFL nor FBL has paid dividends to shareholders.

TTM20242023
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.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

MSFL vs. FBL - Volatility Comparison

The current volatility for GraniteShares 2x Long MSFT Daily ETF (MSFL) is 15.57%, while GraniteShares 2x Long META Daily ETF (FBL) has a volatility of 21.66%. 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.

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