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MSFL

GradeBNASDAQ Global Market

GraniteShares 2x Long MSFT Daily ETF

Leveraged · Single-Stock Leveraged · GraniteShares · Inception 2024-03-04

This fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$25.16+0.24 (+0.98%)

As of Sep 23, 2026, 3:10 PM EDT

History starts Mar 18, 2024.
Intraday session: up, 69 prints from 24.92 to 25.16. Range 24.79 to 25.91. Use the arrow keys to read each point.$25.00$25.50$26.0010 AM12 PM2 PM4 PM
Expense ratio
1.30%
Fund size
$64M
1Y return
−21.0%
Yield · Last 12 months
—
Holdings
2
Volume · 30D
1.4M sh
NAV per share
$25.29
52W range
low $12.96high $36.10

The ETF.net MSFL Grade

B

56/ 100

Rank 57 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for MSFL. Scores out of 100: Cost 34, Risk 56, Mission 82, Tradability 93, Holdings not scored, Durability 79. Strongest: Tradability (93). Weakest: Cost (34). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 56 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 34
    Category rank252/380 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 82
    Category rank119/147 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 56
    Category rank101/285 · top 35%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 93
    Category rank11/380 · top 3%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 79
    Category rank23/380 · top 6%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on MSFL

ETF.net Research

BOne ticker, one stock, one day at a time. MSFL aims to deliver twice Microsoft's daily percentage move before fees, then resets every night, which makes it a trading tool rather than a buy-and-forget position.

Stated mandate

The Fund seeks daily results equal to twice the daily percentage change of Microsoft Corporation’s common stock before fees and expenses; it is designed for daily leveraged exposure rather than matching Microsoft’s return over longer periods.

Why people hold it

  1. 01The mandate is refreshingly blunt: twice MSFT's daily percentage change before fees. No basket, no options overlay, no hidden engine. One name and a multiplier.graniteshares.com
  2. 02It has tracked that 2x daily target closely, and it is actively traded, which matters on a product you may be entering and exiting inside a single session.
  3. 03In a crowded field of 2x single-stock bull funds, this one lands in the upper half on our review, and GraniteShares has run it since its 2024 launch.

Worth knowing

  1. 01The 2x is a daily promise. Leverage resets each night, so over weeks the result can land above or below twice MSFT's move for the stretch, especially in choppy markets.graniteshares.com
  2. 02At 1.30% a year, it prices above the typical 2x single-stock fund. Rivals such as GGLL, AAPU and the Leverage Shares 2x line charge less on their own names.
  3. 03One stock, doubled. A Microsoft-specific headline or earnings surprise hits here twice as hard on the day, and there is no diversification to soften it by design.

MSFL Holdings

As of Sep 21, 2026, 4:07 AM
Asset class
Other
Holdings
2
Top-10 weight
100%
Largest holding
MSFT SWAP66.7%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—MSFT SWAP66.67%260,359$130M1
002—US Dollars33.33%64,776,850$65M85

Showing 1–2 of 2 holdings

MSFL Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

MSFL$7,900
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. MSFL $7,900. SPY $11,723. Use the arrow keys to read each point.$3,588$7,977$12,367Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for MSFL. Periods over one year show the average yearly return.
PeriodMSFL
Year to date−8.3%
1 month+5.0%
3 months+73.2%
1 year−21.0%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MSFL
YearReturn barMSFL
2026 YTD−8.3%
2025+17.0%
2024−9.1%

History from Mar 18, 2024

MSFL in the news

ETF.net Research hasn’t filed on MSFL yet — coverage lands here as it’s written.

MSFL Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

MSFL Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
61.6%
Annualised · 29 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.23
vs 3-month T-bills · 29 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−62.1%
30 months · trough Jun 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
3.15
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

MSFL Cost

Expense ratio1.30%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

231 of the 329 Single-Stock Long Leveraged funds charge less.

MSFL costs $130.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.