MSTP vs. SBU
MSTP (GraniteShares 2x Long MSTR Daily ETF) and SBU (Leverage Shares 2X Long SBUX Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.07 correlation, their price movements are largely independent. MSTP charges 1.50%/yr vs 0.75%/yr for SBU.
Performance
MSTP vs. SBU - Performance Comparison
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Returns By Period
In the year-to-date period, MSTP achieves a -75.04% return, which is significantly lower than SBU's 40.54% return.
MSTP
- 1D
- -18.67%
- 1M
- -67.93%
- YTD
- -75.04%
- 6M
- -77.32%
- 1Y
- -97.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SBU
- 1D
- 4.52%
- 1M
- -0.19%
- YTD
- 40.54%
- 6M
- 39.00%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTP vs. SBU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSTP GraniteShares 2x Long MSTR Daily ETF | -75.04% | -46.59% |
SBU Leverage Shares 2X Long SBUX Daily ETF | 40.54% | -6.03% |
Correlation
The correlation between MSTP and SBU is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | 0.07 |
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Return for Risk
MSTP vs. SBU — Risk / Return Rank
MSTP
SBU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MSTP vs. SBU - 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 SBUX Daily ETF (SBU). 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 | SBU | 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. SBU - Drawdown Comparison
The maximum MSTP drawdown since its inception was -97.87%, which is greater than SBU's maximum drawdown of -28.10%. Use the drawdown chart below to compare losses from any high point for MSTP and SBU.
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Drawdown Indicators
| MSTP | SBU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.87% | -28.10% | -69.77% |
Max Drawdown (1Y)Largest decline over 1 year | -97.87% | — | — |
Current DrawdownCurrent decline from peak | -97.87% | -7.63% | -90.24% |
Average DrawdownAverage peak-to-trough decline | -69.83% | -7.39% | -62.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 77.68% | — | — |
Volatility
MSTP vs. SBU - Volatility Comparison
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Volatility by Period
| MSTP | SBU | 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% | 59.33% | +85.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 142.60% | 59.33% | +83.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 142.60% | 59.33% | +83.27% |
MSTP vs. SBU - Expense Ratio Comparison
MSTP has a 1.50% expense ratio, which is higher than SBU's 0.75% expense ratio.
Dividends
MSTP vs. SBU - Dividend Comparison
Neither MSTP nor SBU has paid dividends to shareholders.
Frequently Asked Questions
MSTP and SBU have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SBU is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SBU is cheaper with a 0.75% expense ratio, compared with 1.50% for MSTP.
MSTP and SBU 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 SBU.
Find the right allocation for MSTP and SBU
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