MSFL vs FGM
Comparison between GRANITESHARES 2X LONG MSFT DAILY ETF (MSFL, ETF) and FIRST TRUST GERMANY ALPHADEX FUND (FGM, ETF).
MSFL vs FGM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MSFL
$116M
Winner
FGM
$116M
Expense Ratio
MSFL
N/A
FGM
0.80%
Max Drawdown
MSFL
59.39%
Winner
FGM
54.06%
Sharpe Ratio
MSFL
-0.50
Winner
FGM
0.69
5Y Beta
MSFL
1.84
Winner
FGM
0.81
5Y Dividends CAGR
MSFL
N/A
FGM
-0.48%
MSFL vs FGM - Historical Returns
Returns include dividend reinvestment.
1M
Winner
MSFL
+1.05%
FGM
-1.28%
3M
MSFL
-1.48%
Winner
FGM
+2.28%
6M
MSFL
-31.63%
Winner
FGM
+6.60%
1Y
MSFL
-30.20%
Winner
FGM
+15.85%
5Y(CAGR)
MSFL
N/A
FGM
+3.83%
10Y(CAGR)
MSFL
N/A
FGM
+7.87%
Max(CAGR)
MSFL
-13.24%
Winner
FGM
+7.37%
MSFL vs FGM - Annual Returns (2012 - 2026)
Returns include dividend reinvestment.
| Year | MSFL | FGM |
|---|---|---|
| 2026 | -28.18% | +0.57% |
| 2025 | +18.42% | +65.26% |
| 2024 | -9.07% | +2.60% |
| 2023 | N/A | +11.42% |
| 2022 | N/A | -30.59% |
| 2021 | N/A | +4.62% |
| 2020 | N/A | +16.20% |
| 2019 | N/A | +21.50% |
| 2018 | N/A | -25.68% |
| 2017 | N/A | +43.92% |
| 2016 | N/A | +4.18% |
| 2015 | N/A | +2.14% |
| 2014 | N/A | -10.52% |
| 2013 | N/A | +26.99% |
| 2012 | N/A | +10.55% |
MSFL vs FGM Drawdown Comparison
The maximum drawdown for MSFL was -59.39%, occurring on Mar 27, 2026. This drawdown has not yet recovered.
The maximum drawdown for FGM was -51.56%, occurring on Mar 18, 2020. Recovery took 743 trading sessions.
The current MSFL drawdown is -46.52%. The current FGM drawdown is -8.99%.
| Rank | MSFL | FGM |
|---|---|---|
| #1 | -59.39% Oct 29, 2025 - Mar 27, 2026 | -51.56% Jan 23, 2018 - Jan 5, 2021 |
| #2 | -47.70% Jul 5, 2024 - Jul 9, 2025 | -51.07% Jun 7, 2021 - May 20, 2025 |
| #3 | -19.16% Mar 21, 2024 - Jun 12, 2024 | -25.83% Jun 6, 2014 - May 4, 2017 |
| #4 | -15.03% Aug 4, 2025 - Oct 28, 2025 | -18.47% Mar 23, 2012 - Sep 14, 2012 |
| #5 | -3.53% Jul 31, 2025 - Aug 4, 2025 | -17.76% Feb 9, 2026 - Mar 20, 2026 |
| #6 | -3.07% Jul 17, 2025 - Jul 25, 2025 | -11.00% Feb 1, 2013 - Aug 8, 2013 |
| #7 | -2.37% Jun 27, 2024 - Jul 1, 2024 | -6.91% Oct 3, 2025 - Dec 10, 2025 |
| #8 | -1.47% Jun 17, 2024 - Jun 21, 2024 | -6.40% Sep 14, 2012 - Nov 28, 2012 |
| #9 | -1.24% Jun 21, 2024 - Jun 25, 2024 | -6.26% Jan 16, 2014 - Feb 13, 2014 |
| #10 | -0.84% Jul 9, 2025 - Jul 15, 2025 | -5.96% Jul 23, 2025 - Aug 22, 2025 |
| #11 | -0.53% Jul 25, 2025 - Jul 30, 2025 | -5.78% Mar 6, 2014 - May 30, 2014 |
| #12 | -0.33% Jun 12, 2024 - Jun 14, 2024 | -4.72% Apr 16, 2021 - May 18, 2021 |
| #13 | -0.06% Jul 15, 2025 - Jul 17, 2025 | -4.71% Feb 16, 2021 - Mar 17, 2021 |
| #14 | N/A | -4.56% Aug 14, 2013 - Sep 10, 2013 |
| #15 | N/A | -3.92% Aug 22, 2025 - Sep 30, 2025 |
Correlation
Correlation between MSFL and FGM is -0.03 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.03
-101
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