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

Correlation

The correlation between MSFL and GGLL is 0.63, 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. GGLL - Performance Comparison

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

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Key characteristics

Sharpe Ratio

MSFL:

-0.03

GGLL:

-0.55

Sortino Ratio

MSFL:

0.37

GGLL:

-0.52

Omega Ratio

MSFL:

1.05

GGLL:

0.94

Calmar Ratio

MSFL:

-0.00

GGLL:

-0.66

Martin Ratio

MSFL:

-0.00

GGLL:

-1.30

Ulcer Index

MSFL:

23.92%

GGLL:

26.57%

Daily Std Dev

MSFL:

51.16%

GGLL:

61.34%

Max Drawdown

MSFL:

-47.70%

GGLL:

-52.81%

Current Drawdown

MSFL:

-21.89%

GGLL:

-49.09%

Returns By Period

In the year-to-date period, MSFL achieves a 1.85% return, which is significantly higher than GGLL's -40.67% return.


MSFL

YTD

1.85%

1M

30.34%

6M

-0.08%

1Y

-2.55%

5Y*

N/A

10Y*

N/A

GGLL

YTD

-40.67%

1M

-2.21%

6M

-35.00%

1Y

-32.52%

5Y*

N/A

10Y*

N/A

*Annualized

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MSFL vs. GGLL - Expense Ratio Comparison

MSFL has a 1.15% expense ratio, which is higher than GGLL's 1.05% expense ratio.


Risk-Adjusted Performance

MSFL vs. GGLL — 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 2323
Overall Rank
The Sharpe Ratio Rank of MSFL is 1818
Sharpe Ratio Rank
The Sortino Ratio Rank of MSFL is 3030
Sortino Ratio Rank
The Omega Ratio Rank of MSFL is 2929
Omega Ratio Rank
The Calmar Ratio Rank of MSFL is 1919
Calmar Ratio Rank
The Martin Ratio Rank of MSFL is 1919
Martin Ratio Rank

GGLL
The Risk-Adjusted Performance Rank of GGLL is 44
Overall Rank
The Sharpe Ratio Rank of GGLL is 44
Sharpe Ratio Rank
The Sortino Ratio Rank of GGLL is 55
Sortino Ratio Rank
The Omega Ratio Rank of GGLL is 55
Omega Ratio Rank
The Calmar Ratio Rank of GGLL is 11
Calmar Ratio Rank
The Martin Ratio Rank of GGLL is 22
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. GGLL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long MSFT Daily ETF (MSFL) and Direxion Daily GOOGL Bull 2X Shares (GGLL). 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 -0.03, which is higher than the GGLL Sharpe Ratio of -0.55. The chart below compares the historical Sharpe Ratios of MSFL and GGLL, 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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Dividends

MSFL vs. GGLL - Dividend Comparison

MSFL has not paid dividends to shareholders, while GGLL's dividend yield for the trailing twelve months is around 5.64%.


TTM202420232022
MSFL
GraniteShares 2x Long MSFT Daily ETF
0.00%0.00%0.00%0.00%
GGLL
Direxion Daily GOOGL Bull 2X Shares
5.64%3.29%2.05%0.59%

Drawdowns

MSFL vs. GGLL - Drawdown Comparison

The maximum MSFL drawdown since its inception was -47.70%, smaller than the maximum GGLL drawdown of -52.81%. Use the drawdown chart below to compare losses from any high point for MSFL and GGLL. For additional features, visit the drawdowns tool.


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Volatility

MSFL vs. GGLL - Volatility Comparison

The current volatility for GraniteShares 2x Long MSFT Daily ETF (MSFL) is 20.67%, while Direxion Daily GOOGL Bull 2X Shares (GGLL) has a volatility of 23.44%. This indicates that MSFL experiences smaller price fluctuations and is considered to be less risky than GGLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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