GraniteShares 2x Long MSFT Daily ETF (MSFL) Performance
MSFL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +0.0% since Dec 31, 2025
- 1 year
- −15.2% total return
- Since first price
- +6.4% since 2024
MSFL trailing returns vs SPY, QQQ, AGG
| Period | MSFL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +8.2% | +8.2% | −1.0% | −5.0% | +0.9% |
| 3 months | +78.7% | +78.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +43.2% | +43.2% | +7.8% | +8.4% | −1.5% |
| YTD | +0.0% | +0.0% | +12.3% | +15.1% | −1.0% |
| 1 year | −15.2% | −15.2% | +14.4% | +15.9% | −1.1% |
| Since inceptionMar 18, 2024 | +6.4% | +6.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MSFL vs SPY
From Mar 18, 2024: MSFL grew to $10,642, SPY to $15,256.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MSFL returns by calendar year
1 of 1 full years positive. Best 2025 (+17.0%), worst 2025 (+17.0%). 2026 is year to date.
MSFL annual returns table
| Year | MSFL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +0.0% | −51.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +17.0% | −38.8% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MSFL largest drawdowns
Now 22.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 29, 2025 | −62.1% | Jun 25, 2026 | not yet | 8 months | 12 months so far |
| Jul 5, 2024 | −47.7% | Apr 8, 2025 | Jul 9, 2025 | 9 months | 1.0 years |
| Mar 21, 2024 | −19.2% | Apr 30, 2024 | Jun 12, 2024 | 40 days | 3 months |
| Aug 4, 2025 | −15.0% | Sep 5, 2025 | Oct 28, 2025 | 32 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MSFL risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +1.3% |
| Volatility (annualized) | 60.5% |
| Sharpe ratio | 0.23 |
| Sortino ratio | 0.39 |
| Best month | +50.3% |
| Worst month | −32.8% |
| Best 12 months | +43.6% |
| Worst 12 months | −51.1% |
| Positive months | 47% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MSFL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 20 | −51.1% | −8.1% | +43.6% | 40% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
MSFL performance overview
GraniteShares 2x Long MSFT Daily ETF (MSFL) returned −15.2% over the past year, with distributions reinvested. Since its first recorded price on Mar 18, 2024 it has returned +6.4%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −62.1%, from Oct 29, 2025 to Jun 25, 2026; the fund has not yet regained that high. Volatility has been 60.5% a year.
Related: MSFL chart. See the MSFL overview for the latest quote and fund facts.
MSFL performance FAQ
What is the MSFL return over the past year?
MSFL returned −15.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 15.2%.
How much would $10,000 invested in MSFL be worth?
$10,000 invested in MSFL at its first recorded close on March 18, 2024 would be worth about $10,642 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of MSFL?
The largest peak-to-trough decline was −62.1% between October 29, 2025 and June 25, 2026. It has not yet recovered to that high; it is 22.0% below its peak.
How volatile is MSFL?
Over the past history MSFL had an annualized volatility of 60.5% and a Sharpe ratio of 0.23 (excess return over 1–3 month T-bills per unit of risk).