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Launched

GraniteShares 2x Long MSFT Daily ETF

MSFLNasdaqBThis 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.

$29.39+0.21 (+0.72%)

At close: Oct 13, 2026, 4:00 PM

B56/ 100

Rank 60 of 380 in Single-Stock Long Leveraged

B56/100Rank 60 of 380inSingle-Stock Long Leveraged
Intraday session: up, 79 prints from 29.18 to 29.39. Range 29.39 to 30.13. Use the arrow keys to read each point.29.6029.8030.0010 AM12 PM2 PM4 PM
Expense ratio
1.30%
Fund size
$66M
1Y total return
−5.7%
Yield · Last 12 months
—
Holdings
2
Avg volume · 30D
1.4M sh
NAV per share
$29.18
52W range
low $12.96high $36.10
Launched

The ETF.net MSFL Grade

Based on 5 of 6 pillars

B

Score 56 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
60 of 380
Six-pillar profile for MSFL. Scores out of 100: Cost 34, Risk 55, Mission 81, Tradability 95, Holdings not scored, Durability 79. Strongest: Tradability (95). Weakest: Cost (34). Based on 5 of 6 pillars.

Score 56 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.
    D34 out of 100
    Rank 236 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A81 out of 100
    Rank 121 of 148

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B55 out of 100
    Rank 139 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A95 out of 100
    Rank 4 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.
    A79 out of 100
    Rank 22 of 380

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 Oct 13, 2026
Asset class
Other
Holdings
2
Top-10 weight
100%
Largest holding
MSFT66.6%

Sectors

  • Technology100.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001MSFTMsft66.63%244,315$132M815
002—US Dollars33.37%66,223,505$66M85

Showing 1–2 of 2 holdings

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$9,425
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. MSFL $9,425. SPY $12,044. Use the arrow keys to read each point.$3,978$8,318$12,658Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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+7.3%
1 month+17.6%
3 months+86.8%
1 year−5.7%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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+7.3%
2025+17.0%
2024−9.1%

History from Mar 18, 2024

MSFL in the news

Filtered to MSFL · Single-Stock Long Leveraged

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.
60.5%
Annualised · 30 months to Sep 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 · 30 months to Sep 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%

235 of the 333 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.

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