MSFL vs. TQQQ
Compare and contrast key facts about GraniteShares 2x Long MSFT Daily ETF (MSFL) and ProShares UltraPro QQQ (TQQQ).
MSFL and TQQQ 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. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MSFL or TQQQ.
Correlation
The correlation between MSFL and TQQQ is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MSFL vs. TQQQ - Performance Comparison
Key characteristics
MSFL:
-0.64
TQQQ:
-0.24
MSFL:
-0.72
TQQQ:
0.13
MSFL:
0.91
TQQQ:
1.02
MSFL:
-0.66
TQQQ:
-0.31
MSFL:
-1.39
TQQQ:
-0.93
MSFL:
22.53%
TQQQ:
19.28%
MSFL:
48.92%
TQQQ:
73.79%
MSFL:
-47.70%
TQQQ:
-81.66%
MSFL:
-44.46%
TQQQ:
-51.29%
Returns By Period
In the year-to-date period, MSFL achieves a -27.58% return, which is significantly higher than TQQQ's -42.76% return.
MSFL
-27.58%
-11.65%
-28.11%
-25.89%
N/A
N/A
TQQQ
-42.76%
-26.47%
-39.12%
-7.51%
23.89%
26.12%
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MSFL vs. TQQQ - Expense Ratio Comparison
MSFL has a 1.15% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
MSFL vs. TQQQ — Risk-Adjusted Performance Rank
MSFL
TQQQ
MSFL vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long MSFT Daily ETF (MSFL) and ProShares UltraPro QQQ (TQQQ). 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.
Dividends
MSFL vs. TQQQ - Dividend Comparison
MSFL has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 2.18%.
| 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% |
TQQQ ProShares UltraPro QQQ | 2.18% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
MSFL vs. TQQQ - Drawdown Comparison
The maximum MSFL drawdown since its inception was -47.70%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for MSFL and TQQQ. For additional features, visit the drawdowns tool.
Volatility
MSFL vs. TQQQ - Volatility Comparison
The current volatility for GraniteShares 2x Long MSFT Daily ETF (MSFL) is 24.76%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 46.56%. This indicates that MSFL experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.