MSDD vs VOO

Quick Verdict

VOO has a lower expense ratio. MSDD delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.

Lower Fees: VOOHigher Returns: MSDDMore Diversified: VOO

Side-by-Side Comparison

MetricMSDDVOOWinner
Expense Ratio1.50%0.03%
AUM$2M$979.0B
Dividend Yield0.00%1.09%
Holdings1509
YTD Return-45.26%+13.79%
1Y Return+70.78%+23.01%
3Y Return (annualized)-+21.78%
5Y Return (annualized)-+13.39%
Volatility (annualized)133.8%14.1%
Max Drawdown-84.9%-34.3%
Fund FamilyGraniteSharesVanguard (US)
CategoryAlternativeEquity
InceptionJun 9, 2025Sep 7, 2010

MSDD vs VOO Performance

GraniteShares 2x Short MSTR Daily ETF (MSDD) is a ETF from GraniteShares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year MSDD returned +70.78% while VOO returned +23.01%. Year to date, MSDD is down 45.26% versus a gain of 13.79% for VOO.

Risk: Volatility and Drawdowns

MSDD has been the more volatile fund, with annualized monthly volatility of 133.8% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.

The deepest peak-to-trough decline in our data was -84.9% for MSDD and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

The two funds' monthly returns correlate at -0.42. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

MSDD charges 1.50% per year while VOO charges 0.03%. On a $10,000 position that is $150 vs $3 annually, a gap of $147 per year that compounds over a long holding period. On income, MSDD currently yields 0.00% against 1.09% for VOO.

Frequently Asked Questions

Which is cheaper, MSDD or VOO?

MSDD has an expense ratio of 1.50% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $147 per year of difference.

Which performed better, MSDD or VOO?

Over the past year MSDD returned +70.78% vs +23.01% for VOO, so MSDD leads on 1-year performance. Over the longest common window we track (1 years), MSDD annualized +87.92% vs +13.57% for VOO. Past performance does not guarantee future results.

Which is riskier, MSDD or VOO?

MSDD has been the more volatile fund at 133.8% annualized versus 14.1% for VOO. Worst drawdown: MSDD -84.9% vs VOO -34.3%.

Should I hold both MSDD and VOO?

MSDD and VOO have a monthly-return correlation of -0.42, so combining them can provide real diversification depending on your allocation goals.

Which pays a higher dividend, MSDD or VOO?

MSDD yields 0.00% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.

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