MSTP vs. BEG
MSTP (GraniteShares 2x Long MSTR Daily ETF) and BEG (Leverage Shares 2X Long BE Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.31 correlation, their price movements are largely independent. MSTP charges 1.50%/yr vs 0.75%/yr for BEG.
Performance
MSTP vs. BEG - Performance Comparison
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Returns By Period
In the year-to-date period, MSTP achieves a -69.31% return, which is significantly lower than BEG's 658.88% return.
MSTP
- 1D
- -9.68%
- 1M
- -60.57%
- YTD
- -69.31%
- 6M
- -71.78%
- 1Y
- -96.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BEG
- 1D
- -13.66%
- 1M
- 4.00%
- YTD
- 658.88%
- 6M
- 577.94%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTP vs. BEG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSTP GraniteShares 2x Long MSTR Daily ETF | -69.31% | -14.11% |
BEG Leverage Shares 2X Long BE Daily ETF | 658.88% | 1.77% |
Correlation
The correlation between MSTP and BEG is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025 | 0.31 |
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Return for Risk
MSTP vs. BEG — Risk / Return Rank
MSTP
BEG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MSTP vs. BEG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long MSTR Daily ETF (MSTP) and Leverage Shares 2X Long BE Daily ETF (BEG). 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.
| MSTP | BEG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.78 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | — | — |
| Martin ratioReturn relative to average drawdown | -1.24 | — | — |
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Drawdowns
MSTP vs. BEG - Drawdown Comparison
The maximum MSTP drawdown since its inception was -97.39%, which is greater than BEG's maximum drawdown of -59.85%. Use the drawdown chart below to compare losses from any high point for MSTP and BEG.
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Drawdown Indicators
| MSTP | BEG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.39% | -59.85% | -37.54% |
Max Drawdown (1Y)Largest decline over 1 year | -97.39% | — | — |
Current DrawdownCurrent decline from peak | -97.39% | -13.66% | -83.73% |
Average DrawdownAverage peak-to-trough decline | -69.72% | -16.74% | -52.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 77.44% | — | — |
Volatility
MSTP vs. BEG - Volatility Comparison
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Volatility by Period
| MSTP | BEG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 44.19% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 115.53% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 143.94% | 212.91% | -68.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 141.80% | 212.91% | -71.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 141.80% | 212.91% | -71.11% |
MSTP vs. BEG - Expense Ratio Comparison
MSTP has a 1.50% expense ratio, which is higher than BEG's 0.75% expense ratio.
Dividends
MSTP vs. BEG - Dividend Comparison
Neither MSTP nor BEG has paid dividends to shareholders.
Frequently Asked Questions
MSTP and BEG have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BEG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BEG is cheaper with a 0.75% expense ratio, compared with 1.50% for MSTP.
MSTP and BEG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.50% for MSTP and 0.75% for BEG.
Find the right allocation for MSTP and BEG
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