MSFD vs TSL

Comparison between DIREXION DAILY MSFT BEAR 1X SHARES (MSFD, ETF) and GRANITESHARES 1.25X LONG TSLA DAILY ETF (TSL, ETF).

MSFD vs TSL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MSFD(ETF)	TSL(ETF)
Net Assets	$14M	$14M
Expense Ratio	1.02%	N/A
Max Drawdown	64.30%	80.46%
Sharpe Ratio	0.67	0.54
5Y Beta	-0.91	2.88

Net Assets

MSFD

$14M

TSL

$14M

Expense Ratio

MSFD

1.02%

TSL

N/A

Max Drawdown

Winner

MSFD

64.30%

TSL

80.46%

Sharpe Ratio

Winner

MSFD

0.67

TSL

0.54

5Y Beta

Winner

MSFD

-0.91

TSL

2.88

MSFD vs TSL - Historical Returns

Returns include dividend reinvestment.

Period	MSFD	TSL
1 month	+3.52%	-8.23%
3 months	+1.68%	+1.90%
6 months	+19.70%	-16.42%
1 year	+21.18%	+26.46%
Max(CAGR)	-11.13%	+0.87%

Winner

MSFD

+3.52%

TSL

-8.23%

MSFD

+1.68%

Winner

TSL

+1.90%

Winner

MSFD

+19.70%

TSL

-16.42%

MSFD

+21.18%

Winner

TSL

+26.46%

Max(CAGR)

MSFD

-11.13%

Winner

TSL

+0.87%

MSFD vs TSL - Annual Returns (2022 - 2026)

Returns include dividend reinvestment.

Year	MSFD	TSL
2026	+18.04%	-11.27%
2025	-13.92%	+12.04%
2024	-9.11%	+64.12%
2023	-35.46%	+150.44%
2022	+3.88%	-66.58%

MSFD vs TSL Drawdown Comparison

The maximum drawdown for MSFD was -59.90%, occurring on Oct 29, 2025. This drawdown has not yet recovered.

The maximum drawdown for TSL was -74.52%, occurring on Jan 3, 2023. Recovery took 582 trading sessions.

The current MSFD drawdown is -45.58%. The current TSL drawdown is -28.81%.

Rank	MSFD	TSL
#1	-59.90% Nov 3, 2022 - Oct 29, 2025	-74.52% Aug 15, 2022 - Dec 6, 2024
#2	-10.40% Oct 11, 2022 - Nov 2, 2022	-63.30% Dec 17, 2024 - Apr 8, 2025
#3	-6.51% Sep 30, 2022 - Oct 10, 2022	-3.44% Aug 10, 2022 - Aug 12, 2022
#4	-3.15% Sep 8, 2022 - Sep 13, 2022	-1.91% Dec 11, 2024 - Dec 13, 2024
#5	-2.11% Sep 27, 2022 - Sep 30, 2022	N/A
#6	-0.51% Sep 21, 2022 - Sep 23, 2022	N/A

Correlation

Correlation between MSFD and TSL is -0.41 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.41

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