MSFL vs. XLE
MSFL (GraniteShares 2x Long MSFT Daily ETF) and XLE (State Street Energy Select Sector SPDR ETF) are both exchange-traded funds - MSFL is a Leveraged Equities fund actively managed by GraniteShares, while XLE is a Energy Equities fund tracking the Energy Select Sector Index. MSFL is actively managed, while XLE is passively managed. Over the past year, MSFL returned -27.73% vs 38.22% for XLE. Their -0.02 correlation means they have often moved in opposite directions in the past. MSFL charges 1.15%/yr vs 0.08%/yr for XLE.
Performance
MSFL vs. XLE - Performance Comparison
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Returns By Period
In the year-to-date period, MSFL achieves a -10.95% return, which is significantly lower than XLE's 29.95% return.
MSFL
- 1D
- -2.30%
- 1M
- 53.42%
- 6M
- 24.41%
- YTD
- -10.95%
- 1Y
- -27.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -1.86%
XLE
- 1D
- -2.07%
- 1M
- 7.87%
- 6M
- 9.98%
- YTD
- 29.95%
- 1Y
- 38.22%
- 3Y*
- 13.23%
- 5Y*
- 22.66%
- 10Y*
- 9.80%
- ALL TIME*
- 8.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $45.44M | $34.15M | $35.32M | |
| $1.81B | $1.78B | $1.93B |
MSFL vs. XLE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MSFL GraniteShares 2x Long MSFT Daily ETF | -10.95% | 16.99% | -8.21% |
XLE State Street Energy Select Sector SPDR ETF | 29.95% | 7.88% | -3.34% |
Correlation
The correlation between MSFL and XLE is -0.12, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.12 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2024 | -0.02 |
MSFL vs. XLE - Sectors Allocation Comparison
Sectors
MSFL
XLE
Technology
-
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Energy
-
Financial Services
-
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Utilities
-
-
Technology
MSFL
XLE
-
Basic Materials
MSFL
-
XLE
-
Communication Services
MSFL
-
XLE
-
Consumer Cyclical
MSFL
-
XLE
-
Consumer Defensive
MSFL
-
XLE
-
Energy
MSFL
-
XLE
Financial Services
MSFL
-
XLE
-
Healthcare
MSFL
-
XLE
-
Industrials
MSFL
-
XLE
-
Real Estate
MSFL
-
XLE
-
Utilities
MSFL
-
XLE
-
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Return for Risk
MSFL vs. XLE — Risk / Return Rank
MSFL
XLE
MSFL vs. XLE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long MSFT Daily ETF (MSFL) and State Street Energy Select Sector SPDR ETF (XLE). 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 | XLE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.26 | ||
| Sortino ratioReturn per unit of downside risk | -2.69 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.30 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | 2.56 | -3.01 |
| Martin ratioReturn relative to average drawdown | -0.74 | 6.80 | -7.54 |
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Drawdowns
MSFL vs. XLE - Drawdown Comparison
The maximum MSFL drawdown since its inception was -62.08%, smaller than the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for MSFL and XLE.
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Drawdown Indicators
| MSFL | XLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.08% | -71.26% | +9.18% |
Max Drawdown (1Y)Largest decline over 1 year | -62.08% | -14.98% | -47.10% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.14% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.04% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.81% | — |
Current DrawdownCurrent decline from peak | -30.61% | -7.73% | -22.88% |
Average DrawdownAverage peak-to-trough decline | -23.71% | -17.93% | -5.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.35% | 5.64% | +31.71% |
Volatility
MSFL vs. XLE - Volatility Comparison
GraniteShares 2x Long MSFT Daily ETF (MSFL) has a higher volatility of 30.74% compared to State Street Energy Select Sector SPDR ETF (XLE) at 6.16%. This indicates that MSFL's price experiences larger fluctuations and is considered to be riskier than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSFL | XLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.74% | 6.16% | +24.58% |
Volatility (6M)Calculated over the trailing 6-month period | 51.82% | 16.48% | +35.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.39% | 21.12% | +42.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.61% | 25.76% | +28.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.61% | 29.58% | +25.03% |
MSFL vs. XLE - Expense Ratio Comparison
MSFL has a 1.15% expense ratio, which is higher than XLE's 0.08% expense ratio.
Dividends
MSFL vs. XLE - Dividend Comparison
MSFL has not paid dividends to shareholders, while XLE's dividend yield for the trailing twelve months is around 2.65%.
| 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% |
XLE State Street Energy Select Sector SPDR ETF | 2.65% | 3.28% | 3.36% | 3.55% | 3.68% | 4.21% | 5.62% | 6.72% | 3.54% | 3.03% | 2.26% | 3.39% |
Frequently Asked Questions
MSFL and XLE have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFL has higher volatility (30.74%) compared to XLE (6.16%). In terms of maximum drawdown, MSFL dropped -62.08% vs XLE's -71.26%.
On 1-year performance, XLE leads with 38.22% vs -27.73% for MSFL. On fees, XLE is cheaper at 0.08% per year. On volatility, XLE has been the lower-risk option at 6.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XLE has performed better with a 38.22% return vs -27.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLE is cheaper with a 0.08% expense ratio, compared with 1.15% for MSFL.
XLE has the higher dividend yield at 2.65%, compared with 0.00% for MSFL.
MSFL is categorized as Leveraged Equities, while XLE is Energy Equities. They also come from different issuers: GraniteShares and State Street. Their fees differ too: 1.15% for MSFL and 0.08% for XLE.
XLE currently has the higher Sharpe Ratio (1.82 vs -0.44), 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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