MSFL vs. MSFT

Last updated Aug 2, 2026

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 -33.16% vs -10.62% for MSFT. Their 1.00 correlation means they have historically moved very closely together.

Performance

MSFL vs. MSFT - Performance Comparison

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

Returns By Period

In the year-to-date period, MSFL achieves a -18.68% return, which is significantly lower than MSFT's -3.48% return.

MSFL

• 1D: 5.79%
• 1M: 37.76%
• 6M: 5.09%
• YTD: -18.68%
• 1Y: -33.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -5.56%

MSFT

• 1D: 3.02%
• 1M: 19.01%
• 6M: 8.48%
• YTD: -3.48%
• 1Y: -10.62%
• 3Y*: 12.25%
• 5Y*: 11.19%
• 10Y*: 24.97%
• ALL TIME*: 25.16%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MSFL GraniteShares 2x Long MSFT Daily ETF	$37.77M	$32.36M	$34.28M
MSFT Microsoft Corporation	$17.39B	$14.79B	$16.23B

MSFL vs. MSFT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MSFL GraniteShares 2x Long MSFT Daily ETF	-18.68%	16.99%	-8.21%
MSFT Microsoft Corporation	-3.48%	15.58%	1.79%

Correlation

The correlation between MSFL and MSFT is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	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.

Return for Risk

MSFL vs. MSFT — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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

MSFT

MSFT Risk / Return Rank: 28
MSFT Sharpe Ratio Rank: 27
MSFT Sortino Ratio Rank: 24
MSFT Omega Ratio Rank: 25
MSFT Calmar Ratio Rank: 32
MSFT Martin Ratio Rank: 33

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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 ratio: Return per unit of total volatility	-0.57	-0.39	-0.18
Sortino ratio: Return per unit of downside risk	-0.59	-0.39	-0.20
Omega ratio: Gain probability vs. loss probability	0.93	0.95	-0.02
Calmar ratio: Return relative to maximum drawdown	-0.57	-0.35	-0.22
Martin ratio: Return relative to average drawdown	-0.95	-0.63	-0.32

MSFL vs. MSFT - Sharpe Ratio Comparison

The current MSFL Sharpe Ratio is -0.57, which is lower than the MSFT Sharpe Ratio of -0.39. The chart below compares the historical Sharpe Ratios of MSFL and MSFT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MSFL vs. MSFT - Drawdown Comparison

The maximum MSFL drawdown since its inception was -62.08%, 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.

Drawdown Indicators

	MSFL	MSFT	Difference
Max Drawdown Largest peak-to-trough decline	-62.08%	-69.38%	+7.30%
Max Drawdown (1Y) Largest decline over 1 year	-62.08%	-34.50%	-27.58%
Max Drawdown (3Y) Largest decline over 3 years	—	-34.50%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.15%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.15%	—
Current Drawdown Current decline from peak	-36.63%	-13.73%	-22.90%
Average Drawdown Average peak-to-trough decline	-23.68%	-21.80%	-1.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.31%	19.35%	+17.96%

Volatility

MSFL vs. MSFT - Volatility Comparison

GraniteShares 2x Long MSFT Daily ETF (MSFL) has a higher volatility of 29.71% compared to Microsoft Corporation (MSFT) at 15.97%. 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.

Volatility by Period

	MSFL	MSFT	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.71%	15.97%	+13.74%
Volatility (6M) Calculated over the trailing 6-month period	51.38%	26.41%	+24.97%
Volatility (1Y) Calculated over the trailing 1-year period	63.24%	31.93%	+31.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.34%	28.00%	+26.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.34%	27.62%	+26.72%

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 0.77%.

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	0.77%	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

Can I hold both MSFL and MSFT in my portfolio?

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.

Which is riskier, MSFL or MSFT?

MSFL has higher volatility (29.71%) compared to MSFT (15.97%). In terms of maximum drawdown, MSFL dropped -62.08% vs MSFT's -69.38%.

Which has better risk-adjusted returns?

MSFT currently has the higher Sharpe Ratio (-0.39 vs -0.57), 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.