MSFL vs. MSFT
MSFL (GraniteShares 2x Long MSFT Daily ETF) is Leveraged Equities fund actively managed by GraniteShares, while MSFT (Microsoft Corporation) is a stock. Over the past year, MSFL returned -48.29% vs -22.44% for MSFT. With a 1.00 correlation, they move nearly in lockstep.
Performance
MSFL vs. MSFT - Performance Comparison
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Returns By Period
In the year-to-date period, MSFL achieves a -47.07% return, which is significantly lower than MSFT's -23.71% return.
MSFL
- 1D
- -6.13%
- 1M
- -24.42%
- YTD
- -47.07%
- 6M
- -47.46%
- 1Y
- -48.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSFT
- 1D
- -3.18%
- 1M
- -12.24%
- YTD
- -23.71%
- 6M
- -23.91%
- 1Y
- -22.44%
- 3Y*
- 3.92%
- 5Y*
- 7.61%
- 10Y*
- 23.62%
MSFL vs. MSFT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MSFL GraniteShares 2x Long MSFT Daily ETF | -47.07% | 16.99% | -8.21% |
MSFT Microsoft Corporation | -23.71% | 15.58% | 1.79% |
Correlation
The correlation between MSFL and MSFT is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2024 | 1.00 |
The correlation between MSFL and MSFT has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
MSFL vs. MSFT — Risk / Return Rank
MSFL
MSFT
MSFL vs. MSFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long MSFT Daily ETF (MSFL) and Microsoft Corporation (MSFT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MSFL | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.86 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | -0.66 | -0.15 |
| Martin ratioReturn relative to average drawdown | -1.48 | -1.32 | -0.16 |
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Drawdowns
MSFL vs. MSFT - Drawdown Comparison
The maximum MSFL drawdown since its inception was -59.39%, smaller than the maximum MSFT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for MSFL and MSFT.
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Drawdown Indicators
| MSFL | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.39% | -69.38% | +9.99% |
Max Drawdown (1Y)Largest decline over 1 year | -59.39% | -33.91% | -25.48% |
Max Drawdown (3Y)Largest decline over 3 years | — | -33.91% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.15% | — |
Current DrawdownCurrent decline from peak | -58.76% | -31.80% | -26.96% |
Average DrawdownAverage peak-to-trough decline | -22.18% | -21.79% | -0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.63% | 16.97% | +15.66% |
Volatility
MSFL vs. MSFT - Volatility Comparison
GraniteShares 2x Long MSFT Daily ETF (MSFL) has a higher volatility of 22.11% compared to Microsoft Corporation (MSFT) at 11.08%. This indicates that MSFL's price experiences larger fluctuations and is considered to be riskier than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSFL | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.11% | 11.08% | +11.03% |
Volatility (6M)Calculated over the trailing 6-month period | 46.47% | 22.93% | +23.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.97% | 26.01% | +25.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.94% | 26.78% | +23.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.94% | 27.11% | +22.83% |
Dividends
MSFL vs. MSFT - Dividend Comparison
MSFL has not paid dividends to shareholders, while MSFT's dividend yield for the trailing twelve months is around 0.97%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSFL GraniteShares 2x Long MSFT Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MSFT Microsoft Corporation | 0.97% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
Frequently Asked Questions
With a correlation of 1.00, MSFL and MSFT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
MSFL has higher volatility (22.11%) compared to MSFT (11.08%). In terms of maximum drawdown, MSFL dropped -59.39% vs MSFT's -69.38%.
MSFT currently has the higher Sharpe Ratio (-0.87 vs -0.93), 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.
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