YSPY vs. MSFL

Last updated Aug 4, 2026

YSPY (GraniteShares YieldBOOST SPY ETF) and MSFL (GraniteShares 2x Long MSFT Daily ETF) are both Leveraged Equities funds from GraniteShares. Both are actively managed. Over the past year, YSPY returned 19.61% vs -26.66% for MSFL. Their 0.46 correlation means their historical movements had little consistent relationship. YSPY charges 1.07%/yr vs 1.15%/yr for MSFL.

Performance

YSPY vs. MSFL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST SPY ETF (YSPY) 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, YSPY achieves a 4.15% return, which is significantly higher than MSFL's -10.77% return.

YSPY

• 1D: 0.27%
• 1M: 2.01%
• 6M: -0.78%
• YTD: 4.15%
• 1Y: 19.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.81%

MSFL

• 1D: 9.72%
• 1M: 51.15%
• 6M: 19.21%
• YTD: -10.77%
• 1Y: -26.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -1.78%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MSFL GraniteShares 2x Long MSFT Daily ETF	$42.00M	$33.79M	$35.34M
YSPY GraniteShares YieldBOOST SPY ETF	$147.95K	$153.14K	$322.50K

YSPY vs. MSFL - Yearly Performance Comparison

	2026 (YTD)	2025
YSPY GraniteShares YieldBOOST SPY ETF	4.15%	8.36%
MSFL GraniteShares 2x Long MSFT Daily ETF	-10.77%	33.54%

Correlation

The correlation between YSPY and MSFL is 0.38, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.38
Correlation (All Time) Calculated using the full available price history since Feb 26, 2025	0.46

Return for Risk

YSPY vs. MSFL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

YSPY

YSPY Risk / Return Rank: 42
YSPY Sharpe Ratio Rank: 42
YSPY Sortino Ratio Rank: 37
YSPY Omega Ratio Rank: 51
YSPY Calmar Ratio Rank: 38
YSPY Martin Ratio Rank: 43

MSFL

MSFL Risk / Return Rank: 6
MSFL Sharpe Ratio Rank: 6
MSFL Sortino Ratio Rank: 7
MSFL Omega Ratio Rank: 7
MSFL Calmar Ratio Rank: 6
MSFL Martin Ratio Rank: 6

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

YSPY vs. MSFL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST SPY ETF (YSPY) 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.

	YSPY	MSFL	Difference
Sharpe ratio: Return per unit of total volatility	1.06	-0.42	+1.48
Sortino ratio: Return per unit of downside risk	1.40	-0.27	+1.67
Omega ratio: Gain probability vs. loss probability	1.24	0.97	+0.27
Calmar ratio: Return relative to maximum drawdown	1.35	-0.43	+1.78
Martin ratio: Return relative to average drawdown	4.87	-0.71	+5.58

YSPY vs. MSFL - Sharpe Ratio Comparison

The current YSPY Sharpe Ratio is 1.06, which is higher than the MSFL Sharpe Ratio of -0.42. The chart below compares the historical Sharpe Ratios of YSPY 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.

Drawdowns

YSPY vs. MSFL - Drawdown Comparison

The maximum YSPY drawdown since its inception was -18.74%, smaller than the maximum MSFL drawdown of -62.08%. Use the drawdown chart below to compare losses from any high point for YSPY and MSFL.

Drawdown Indicators

	YSPY	MSFL	Difference
Max Drawdown Largest peak-to-trough decline	-18.74%	-62.08%	+43.34%
Max Drawdown (1Y) Largest decline over 1 year	-14.60%	-62.08%	+47.48%
Current Drawdown Current decline from peak	-1.74%	-30.47%	+28.73%
Average Drawdown Average peak-to-trough decline	-4.75%	-23.69%	+18.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.04%	37.36%	-33.32%

Volatility

YSPY vs. MSFL - Volatility Comparison

The current volatility for GraniteShares YieldBOOST SPY ETF (YSPY) is 1.53%, while GraniteShares 2x Long MSFT Daily ETF (MSFL) has a volatility of 30.67%. This indicates that YSPY experiences smaller price fluctuations and is considered to be less risky than MSFL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YSPY	MSFL	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.53%	30.67%	-29.14%
Volatility (6M) Calculated over the trailing 6-month period	12.38%	52.19%	-39.81%
Volatility (1Y) Calculated over the trailing 1-year period	18.57%	63.60%	-45.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.25%	54.66%	-34.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.25%	54.66%	-34.41%

YSPY vs. MSFL - Expense Ratio Comparison

YSPY has a 1.07% expense ratio, which is lower than MSFL's 1.15% expense ratio.

Dividends

YSPY vs. MSFL - Dividend Comparison

YSPY's dividend yield for the trailing twelve months is around 50.57%, while MSFL has not paid dividends to shareholders.

Position	TTM	2025
MSFL GraniteShares 2x Long MSFT Daily ETF	0.00%	0.00%
YSPY GraniteShares YieldBOOST SPY ETF	50.57%	45.57%

Frequently Asked Questions

Can I hold both YSPY and MSFL in my portfolio?

YSPY and MSFL have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YSPY or MSFL?

MSFL has higher volatility (30.67%) compared to YSPY (1.53%). In terms of maximum drawdown, YSPY dropped -18.74% vs MSFL's -62.08%.

Which ETF is better, YSPY or MSFL?

On 1-year performance, YSPY leads with 19.61% vs -26.66% for MSFL. On fees, YSPY is cheaper at 1.07% per year. On volatility, YSPY has been the lower-risk option at 1.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YSPY or MSFL?

Over the 1-year period, YSPY has performed better with a 19.61% return vs -26.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YSPY or MSFL?

YSPY is cheaper with a 1.07% expense ratio, compared with 1.15% for MSFL.

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

YSPY has the higher dividend yield at 50.57%, compared with 0.00% for MSFL.

What is the main difference between YSPY and MSFL?

Their fees differ too: 1.07% for YSPY and 1.15% for MSFL.

Which has better risk-adjusted returns?

YSPY currently has the higher Sharpe Ratio (1.06 vs -0.42), 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.