MSFL vs. SOXL
Compare and contrast key facts about GraniteShares 2x Long MSFT Daily ETF (MSFL) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
MSFL and SOXL 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. SOXL is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (300%). It was launched on Mar 11, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MSFL or SOXL.
Correlation
The correlation between MSFL and SOXL 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. SOXL - Performance Comparison
Key characteristics
MSFL:
41.88%
SOXL:
103.32%
MSFL:
-29.48%
SOXL:
-90.46%
MSFL:
-26.38%
SOXL:
-55.54%
Returns By Period
In the year-to-date period, MSFL achieves a -4.00% return, which is significantly lower than SOXL's 16.07% return.
MSFL
-4.00%
-6.81%
-5.63%
N/A
N/A
N/A
SOXL
16.07%
-5.91%
-15.10%
-11.56%
11.52%
30.58%
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MSFL vs. SOXL - Expense Ratio Comparison
MSFL has a 1.15% expense ratio, which is higher than SOXL's 0.99% expense ratio.
Risk-Adjusted Performance
MSFL vs. SOXL — Risk-Adjusted Performance Rank
MSFL
SOXL
MSFL vs. SOXL - 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 Semiconductor Bull 3x Shares (SOXL). 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.
Not enough dataDividends
MSFL vs. SOXL - Dividend Comparison
MSFL has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 1.01%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 1.01% | 1.18% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
MSFL vs. SOXL - Drawdown Comparison
The maximum MSFL drawdown since its inception was -29.48%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for MSFL and SOXL. For additional features, visit the drawdowns tool.
Volatility
MSFL vs. SOXL - Volatility Comparison
The current volatility for GraniteShares 2x Long MSFT Daily ETF (MSFL) is 18.37%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 31.73%. This indicates that MSFL experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.