NBIL vs. MSFL
NBIL (GraniteShares 2X Long NBIS Daily ETF) and MSFL (GraniteShares 2x Long MSFT Daily ETF) are both Leveraged Equities funds from GraniteShares. Both are actively managed. Their 0.13 correlation means their historical movements had little consistent relationship. NBIL charges 1.50%/yr vs 1.15%/yr for MSFL.
Performance
NBIL vs. MSFL - Performance Comparison
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Returns By Period
In the year-to-date period, NBIL achieves a 133.11% return, which is significantly higher than MSFL's -18.68% return.
NBIL
- 1D
- 2.88%
- 1M
- -36.49%
- 6M
- 140.41%
- YTD
- 133.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
MSFL
- 1D
- 5.79%
- 1M
- 37.76%
- 6M
- 5.09%
- YTD
- -18.68%
- 1Y
- -33.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -5.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $37.77M | $32.36M | $34.28M | |
| $101.88M | $87.37M | $73.33M |
NBIL vs. MSFL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NBIL GraniteShares 2X Long NBIS Daily ETF | 133.11% | -65.28% |
MSFL GraniteShares 2x Long MSFT Daily ETF | -18.68% | -18.19% |
Correlation
The correlation between NBIL and MSFL is 0.13, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 7, 2025 | 0.13 |
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Return for Risk
NBIL vs. MSFL — Risk / Return Rank
NBIL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MSFL
NBIL vs. MSFL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2X Long NBIS Daily ETF (NBIL) and GraniteShares 2x Long MSFT Daily ETF (MSFL). 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.
| NBIL | MSFL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.93 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.57 | — |
| Martin ratioReturn relative to average drawdown | — | -0.95 | — |
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Drawdowns
NBIL vs. MSFL - Drawdown Comparison
The maximum NBIL drawdown since its inception was -78.84%, which is greater than MSFL's maximum drawdown of -62.08%. Use the drawdown chart below to compare losses from any high point for NBIL and MSFL.
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Drawdown Indicators
| NBIL | MSFL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.84% | -62.08% | -16.76% |
Max Drawdown (1Y)Largest decline over 1 year | — | -62.08% | — |
Current DrawdownCurrent decline from peak | -66.62% | -36.63% | -29.99% |
Average DrawdownAverage peak-to-trough decline | -43.76% | -23.68% | -20.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 37.31% | — |
Volatility
NBIL vs. MSFL - Volatility Comparison
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Volatility by Period
| NBIL | MSFL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 29.71% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 51.38% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 216.76% | 63.24% | +153.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 216.76% | 54.34% | +162.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 216.76% | 54.34% | +162.42% |
NBIL vs. MSFL - Expense Ratio Comparison
NBIL has a 1.50% expense ratio, which is higher than MSFL's 1.15% expense ratio.
Dividends
NBIL vs. MSFL - Dividend Comparison
Neither NBIL nor MSFL has paid dividends to shareholders.
Frequently Asked Questions
NBIL and MSFL have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MSFL is cheaper at 1.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MSFL is cheaper with a 1.15% expense ratio, compared with 1.50% for NBIL.
NBIL and MSFL have nearly identical dividend yields, around 0.00%.
Their fees differ too: 1.50% for NBIL and 1.15% for MSFL.
Find the right allocation for NBIL and MSFL
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