BELT vs MSTP

Comparison between BlackRock Long-Term U.S. Equity ETF (BELT, ETF) and GRANITESHARES 2X LONG MSTR DAILY ETF (MSTP, ETF).

BELT vs MSTP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BELT(ETF)	MSTP(ETF)
Net Assets	$9.70M	$9.70M
Expense Ratio	0.75%	N/A
Max Drawdown	23.05%	96.69%
Sharpe Ratio	1.05	-1.42
5Y Beta	1.18	5.77
P/E Ratio	38.31	N/A
Forward P/E	30.80	N/A
PEG Ratio	0.66	N/A
5Y EPS CAGR	27.71%	N/A
Debt to Equity	53.72%	N/A
P/S Ratio	7.38	N/A
P/B Ratio	9.68	N/A

Net Assets

BELT

$9.70M

MSTP

$9.70M

Expense Ratio

BELT

0.75%

MSTP

N/A

Max Drawdown

Winner

BELT

23.05%

MSTP

96.69%

Sharpe Ratio

Winner

BELT

1.05

MSTP

-1.42

5Y Beta

Winner

BELT

1.18

MSTP

5.77

P/E Ratio

BELT

38.31

MSTP

N/A

Forward P/E

BELT

30.80

MSTP

N/A

PEG Ratio

BELT

0.66

MSTP

N/A

5Y EPS CAGR

BELT

27.71%

MSTP

N/A

Debt to Equity

BELT

53.72%

MSTP

N/A

P/S Ratio

BELT

7.38

MSTP

N/A

P/B Ratio

BELT

9.68

MSTP

N/A

BELT vs MSTP - Historical Returns

Returns include dividend reinvestment.

Period	BELT	MSTP
1 month	-2.38%	-58.22%
3 months	+15.25%	-32.35%
6 months	+15.60%	-68.04%
1 year	+22.96%	-94.81%
Max(CAGR)	+12.86%	-95.05%

Winner

BELT

-2.38%

MSTP

-58.22%

Winner

BELT

+15.25%

MSTP

-32.35%

Winner

BELT

+15.60%

MSTP

-68.04%

Winner

BELT

+22.96%

MSTP

-94.81%

Max(CAGR)

Winner

BELT

+12.86%

MSTP

-95.05%

BELT vs MSTP - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	BELT	MSTP
2026	+14.21%	-58.62%
2025	+12.19%	-88.99%
2024	-1.97%	N/A

BELT vs MSTP Drawdown Comparison

The maximum drawdown for BELT was -23.05%, occurring on Apr 8, 2025. Recovery took 133 trading sessions.

The maximum drawdown for MSTP was -96.69%, occurring on Jun 10, 2026. This drawdown has not yet recovered.

The current BELT drawdown is -3.56%. The current MSTP drawdown is -96.22%.

Rank	BELT	MSTP
#1	-23.05% Dec 11, 2024 - Jun 26, 2025	-96.69% Jul 16, 2025 - Jun 10, 2026
#2	-11.47% Oct 29, 2025 - Apr 10, 2026	-15.10% Jun 30, 2025 - Jul 9, 2025
#3	-10.87% Jul 5, 2024 - Oct 14, 2024	-12.49% Jun 10, 2025 - Jun 30, 2025
#4	-6.60% May 11, 2026 - Jun 10, 2026	-4.16% Jul 14, 2025 - Jul 16, 2025
#5	-3.84% Oct 14, 2024 - Nov 7, 2024	N/A
#6	-3.42% Jul 28, 2025 - Sep 15, 2025	N/A
#7	-2.92% Nov 11, 2024 - Dec 2, 2024	N/A
#8	-2.90% Oct 8, 2025 - Oct 22, 2025	N/A
#9	-2.41% Sep 22, 2025 - Oct 6, 2025	N/A
#10	-2.19% Jun 18, 2024 - Jul 5, 2024	N/A
#11	-1.36% Apr 27, 2026 - Apr 30, 2026	N/A
#12	-1.22% Jul 9, 2025 - Jul 23, 2025	N/A
#13	-1.06% Jun 30, 2025 - Jul 3, 2025	N/A
#14	-0.97% Apr 17, 2026 - Apr 24, 2026	N/A
#15	-0.94% Jul 3, 2025 - Jul 9, 2025	N/A

Correlation

Correlation between BELT and MSTP is -0.52 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.52

-101