PTIR vs. MSFL

Last updated Jun 3, 2026

PTIR (GraniteShares 2x Long PLTR Daily ETF) and MSFL (GraniteShares 2x Long MSFT Daily ETF) are both Leveraged Equities funds from GraniteShares. Both are actively managed. Over the past year, PTIR returned -8.22% vs -19.41% for MSFL. At a 0.46 correlation, their price movements are largely independent. Both charge a 1.15% expense ratio.

Performance

PTIR vs. MSFL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long PLTR Daily ETF (PTIR) and GraniteShares 2x Long MSFT Daily ETF (MSFL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTIR achieves a -38.16% return, which is significantly lower than MSFL's -22.72% return.

PTIR

• 1D: -10.60%
• 1M: 7.69%
• YTD: -38.16%
• 6M: -34.27%
• 1Y: -8.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSFL

• 1D: -8.37%
• 1M: 11.99%
• YTD: -22.72%
• 6M: -25.39%
• 1Y: -19.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PTIR vs. MSFL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PTIR GraniteShares 2x Long PLTR Daily ETF	-38.16%	221.36%	425.36%
MSFL GraniteShares 2x Long MSFT Daily ETF	-22.72%	16.99%	2.06%

Correlation

The correlation between PTIR and MSFL is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024	0.46

PTIR vs. MSFL - Sectors Allocation Comparison

Sectors	PTIR	MSFL
Technology	100.0%	66.6%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

PTIR vs. MSFL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PTIR

PTIR Risk / Return Rank: 10
PTIR Sharpe Ratio Rank: 8
PTIR Sortino Ratio Rank: 14
PTIR Omega Ratio Rank: 14
PTIR Calmar Ratio Rank: 8
PTIR Martin Ratio Rank: 7

MSFL

MSFL Risk / Return Rank: 6
MSFL Sharpe Ratio Rank: 5
MSFL Sortino Ratio Rank: 6
MSFL Omega Ratio Rank: 6
MSFL Calmar Ratio Rank: 6
MSFL Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PTIR vs. MSFL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long PLTR Daily ETF (PTIR) 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.

	PTIR	MSFL	Difference
Sharpe ratio Return per unit of total volatility	-0.08	-0.39	+0.31
Sortino ratio Return per unit of downside risk	0.60	-0.24	+0.84
Omega ratio Gain probability vs. loss probability	1.08	0.97	+0.11
Calmar ratio Return relative to maximum drawdown	-0.12	-0.32	+0.20
Martin ratio Return relative to average drawdown	-0.20	-0.62	+0.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PTIR vs. MSFL - Sharpe Ratio Comparison

The current PTIR Sharpe Ratio is -0.08, which is higher than the MSFL Sharpe Ratio of -0.39. The chart below compares the historical Sharpe Ratios of PTIR and MSFL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PTIR	MSFL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.08	-0.39	+0.31
Sharpe Ratio (All Time) Calculated using the full available price history	2.23	-0.17	+2.40

Drawdowns

PTIR vs. MSFL - Drawdown Comparison

The maximum PTIR drawdown since its inception was -69.10%, which is greater than MSFL's maximum drawdown of -59.39%. Use the drawdown chart below to compare losses from any high point for PTIR and MSFL.

Drawdown Indicators

	PTIR	MSFL	Difference
Max Drawdown Largest peak-to-trough decline	-69.10%	-59.39%	-9.71%
Max Drawdown (1Y) Largest decline over 1 year	-68.11%	-59.39%	-8.72%
Current Drawdown Current decline from peak	-57.38%	-39.78%	-17.60%
Average Drawdown Average peak-to-trough decline	-27.38%	-21.54%	-5.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.35%	30.48%	+8.87%

Volatility

PTIR vs. MSFL - Volatility Comparison

GraniteShares 2x Long PLTR Daily ETF (PTIR) has a higher volatility of 34.02% compared to GraniteShares 2x Long MSFT Daily ETF (MSFL) at 18.48%. This indicates that PTIR's price experiences larger fluctuations and is considered to be riskier than MSFL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTIR	MSFL	Difference
Volatility (1M) Calculated over the trailing 1-month period	34.02%	18.48%	+15.54%
Volatility (6M) Calculated over the trailing 6-month period	75.99%	44.80%	+31.19%
Volatility (1Y) Calculated over the trailing 1-year period	102.25%	49.78%	+52.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	129.30%	49.45%	+79.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	129.30%	49.45%	+79.85%

PTIR vs. MSFL - Expense Ratio Comparison

Both PTIR and MSFL have an expense ratio of 1.15%.

Dividends

PTIR vs. MSFL - Dividend Comparison

PTIR's dividend yield for the trailing twelve months is around 9.40%, while MSFL has not paid dividends to shareholders.

Position	TTM	2025
MSFL GraniteShares 2x Long MSFT Daily ETF	0.00%	0.00%
PTIR GraniteShares 2x Long PLTR Daily ETF	9.40%	5.81%

Frequently Asked Questions

Can I hold both PTIR and MSFL in my portfolio?

PTIR and MSFL have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTIR or MSFL?

PTIR has higher volatility (34.02%) compared to MSFL (18.48%). In terms of maximum drawdown, PTIR dropped -69.10% vs MSFL's -59.39%.

Which ETF is better, PTIR or MSFL?

On 1-year performance, PTIR leads with -8.22% vs -19.41% for MSFL. Both ETFs have the same 1.15% expense ratio. On volatility, MSFL has been the lower-risk option at 18.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PTIR or MSFL?

Over the 1-year period, PTIR has performed better with a -8.22% return vs -19.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PTIR or MSFL?

PTIR and MSFL have the same expense ratio: 1.15% per year.

Which ETF pays a higher dividend yield, PTIR or MSFL?

PTIR has the higher dividend yield at 9.40%, compared with 0.00% for MSFL.

Which has better risk-adjusted returns?

PTIR currently has the higher Sharpe Ratio (-0.08 vs -0.39), 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.