MSTP vs. LULG
MSTP (GraniteShares 2x Long MSTR Daily ETF) and LULG (Leverage Shares 2X Long LULU Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.11 correlation, their price movements are largely independent. MSTP charges 1.50%/yr vs 0.75%/yr for LULG.
Performance
MSTP vs. LULG - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with MSTP having a -75.04% return and LULG slightly lower at -75.09%.
MSTP
- 1D
- -18.67%
- 1M
- -67.93%
- YTD
- -75.04%
- 6M
- -77.32%
- 1Y
- -97.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LULG
- 1D
- 7.44%
- 1M
- -24.05%
- YTD
- -75.09%
- 6M
- -75.85%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTP vs. LULG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSTP GraniteShares 2x Long MSTR Daily ETF | -75.04% | -66.01% |
LULG Leverage Shares 2X Long LULU Daily ETF | -75.09% | 55.59% |
Correlation
The correlation between MSTP and LULG is 0.11, 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 Nov 5, 2025 | 0.11 |
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Return for Risk
MSTP vs. LULG — Risk / Return Rank
MSTP
LULG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MSTP vs. LULG - 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 LULU Daily ETF (LULG). 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 | LULG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.76 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | — | — |
| Martin ratioReturn relative to average drawdown | -1.25 | — | — |
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Drawdowns
MSTP vs. LULG - Drawdown Comparison
The maximum MSTP drawdown since its inception was -97.87%, which is greater than LULG's maximum drawdown of -79.88%. Use the drawdown chart below to compare losses from any high point for MSTP and LULG.
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Drawdown Indicators
| MSTP | LULG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.87% | -79.88% | -17.99% |
Max Drawdown (1Y)Largest decline over 1 year | -97.87% | — | — |
Current DrawdownCurrent decline from peak | -97.87% | -76.93% | -20.94% |
Average DrawdownAverage peak-to-trough decline | -69.83% | -36.96% | -32.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 77.68% | — | — |
Volatility
MSTP vs. LULG - Volatility Comparison
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Volatility by Period
| MSTP | LULG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 46.96% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 116.92% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 145.04% | 88.55% | +56.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 142.60% | 88.55% | +54.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 142.60% | 88.55% | +54.05% |
MSTP vs. LULG - Expense Ratio Comparison
MSTP has a 1.50% expense ratio, which is higher than LULG's 0.75% expense ratio.
Dividends
MSTP vs. LULG - Dividend Comparison
Neither MSTP nor LULG has paid dividends to shareholders.
Frequently Asked Questions
MSTP and LULG have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LULG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LULG is cheaper with a 0.75% expense ratio, compared with 1.50% for MSTP.
MSTP and LULG 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 LULG.
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