Skip to content
etf.net

Launched

GraniteShares 2x Long MSFT Daily ETF

MSFLNasdaqGraniteSharesBThis 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.

$25.28−1.58 (−5.88%)

At close: Nov 2, 2026, 4:00 PM ET

B59/ 100

Rank 44 of 380 in Single-Stock Long Leveraged

B59/100Rank 44 of 380inSingle-Stock Long Leveraged
Intraday session: down, 79 prints from 26.86 to 25.28. Range 25.28 to 27.60. Use the arrow keys to read each point.26.0026.5027.5010 AM12 PM2 PM4 PM
Expense ratio
1.15%*
Fund size
$60M
1Y total return
−15.1%
Yield · Last 12 months
No data
Holdings
2
Avg volume · 30D
1.39M sh
52W range
low $12.96high $32.46
Launched

*After a fee waiver that ends Dec 31, 2027. Without it: 1.18%.

The ETF.net MSFL Grade

Based on 5 of 6 pillars

B

Score 59 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
44 of 380
Six-pillar profile for MSFL. Scores out of 100: Cost 38, Risk 59, Mission 80, Tradability 96, Holdings not scored, Durability 80. Strongest: Tradability (96). Weakest: Cost (38). Based on 5 of 6 pillars.

Score 59 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D38 out of 100
    Rank 235 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A80 out of 100
    Rank 120 of 150

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B59 out of 100
    Rank 118 of 368

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A96 out of 100
    Rank 3 of 380

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A80 out of 100
    Rank 21 of 380

Our read on MSFL

ETF.net Research

In short

BA one-day trading tool, not a way to own Microsoft: it aims to double MSFT's daily move, then resets every evening. Costs 1.15% net of a waiver through December 31, 2026, above the category norm.

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

  • Does the one job it claims: day to day it has tracked twice MSFT's move closely, which is the only target a daily-reset fund sets.graniteshares.com
  • Actively traded with tight on-screen pricing, so getting in and out rarely eats the trade idea itself.
  • Among the hundreds of 2x single-stock bull funds, one of the stronger implementations in the group.

Worth knowing

  • Hold past a day and compounding takes over: in choppy stretches it can trail twice MSFT's move, or lose ground while the stock goes nowhere.sec.gov
  • 1.15% net of a waiver through December 31, 2026 (1.30% gross), above the category median. Cheaper 2x peers exist, like OKTG at 0.75% and TSMG at 0.76%, on other stocks.
  • One company, one day at a time: no diversification cushion, and payouts are not the point of the structure.

MSFL Performance

Launched Mar 4, 2024

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

Not enough history yet.Not enough history yet.Not enough history yet.
MSFL$8,489
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. MSFL $8,489. SPY $11,199. Use the arrow keys to read each point.$5,000$7,500$10,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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−1.2%
1 month+2.2%
3 months+21.5%
1 year−15.1%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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−1.2%
2025+17.0%
2024−9.1%

History from Mar 18, 2024

MSFL in the news

MSFL Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

MSFL Risk

Risk pillarB59 out of 100Rank 118 of 368 in Single-Stock Long Leveraged

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.
59.5%
Annualised · 31 months to Oct 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.
0.24
vs 3-month T-bills · 31 months to Oct 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%
31 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.

FMP measures it over up to five years of monthly returns.

MSFL Cost

Compare MSFL and GOGL

Overpaying vs GOGL, tied cheapest in Single-Stock Long Leveraged

$16,922

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MSFL 1.15%

    $21,077

  • GOGL 0.20% Tied cheapest

    $4,155

$10,000
30 years

Cost over time

  • MSFL 1.15%
  • GOGL 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530MSFL $21,077GOGL $4,155

Year by year

YearMSFLGOGLOverpaying
10$2,015$365$1,650
20$7,521$1,421$6,100
30$21,077$4,155$16,922
How the 1.15% is worked out

Full fee 1.18%− waiver 0.03%= you pay 1.15%

The waiver ends Dec 31, 2027. After that the fee is 1.18% unless GraniteShares renews it. Source: prospectus, Oct 2026.

Other funds in Single-Stock Long Leveraged

See others