MSFL vs SPY
GraniteShares 2x Long MSFT Daily ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, MSFL or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MSFL | SPY |
|---|---|---|
| Expense Ratio | 1.15% | 0.09%Best |
| AUM | $69M | $804.7B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 2 | 505 |
| YTD Return | -5.85% | +12.09%Best |
| 1Y Return | -20.64% | +16.29%Best |
| 3Y Return (annualized) | - | +21.20% |
| 5Y Return (annualized) | - | +13.37% |
| Volatility (annualized) | 60.7% | 12.2%Best |
| Max Drawdown | -62.1% | -18.8%Best |
| $10,000 over 2.5 years | $9,571 | $15,247Best |
| Fund Family | GraniteShares | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 4, 2024 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: Mar 18, 2024 to Sep 18, 2026 (2.5 years).
MSFL vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.5 years both funds cover.
MSFL vs SPY Performance
GraniteShares 2x Long MSFT Daily ETF (MSFL) is an ETF from GraniteShares and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year MSFL returned -20.64% while SPY returned +16.29%. Year to date, MSFL is down 5.85% versus a gain of 12.09% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MSFL has been the more volatile fund, with annualized monthly volatility of 60.7% compared with 12.2% for SPY. 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 -62.1% for MSFL and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.56. They move together some of the time, and apart the rest.
Fees and Cost Over Time
MSFL charges 1.15% per year while SPY charges 0.09%. On a $10,000 position that is $115 vs $9 annually, a gap of $106 per year that compounds over a long holding period. On income, MSFL currently yields 0.00% against 0.98% for SPY.
You are not choosing between two funds in isolation.
Whichever of MSFL and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MSFL or SPY?
MSFL has an expense ratio of 1.15% while SPY charges 0.09%. SPY is the cheaper option, by $106 a year on a $10,000 investment.
Which performed better, MSFL or SPY?
Over the past year MSFL returned -20.64% vs +16.29% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MSFL or SPY?
MSFL has been the more volatile fund at 60.7% annualized versus 12.2% for SPY. Worst drawdown: MSFL -62.1% vs SPY -18.8%.
Should I hold both MSFL and SPY?
MSFL and SPY have a monthly-return correlation of 0.56, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, MSFL or SPY?
MSFL yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than MSFL?
SPY has a lower expense ratio. SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.