MSTP vs BELT

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

MSTP vs BELT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

MSTP

$9.70M

BELT

$9.70M

Expense Ratio

MSTP

N/A

BELT

0.75%

Max Drawdown

MSTP

96.69%

Winner

BELT

23.05%

Sharpe Ratio

MSTP

-1.42

Winner

BELT

1.05

5Y Beta

MSTP

5.77

Winner

BELT

1.18

P/E Ratio

MSTP

N/A

BELT

38.31

Forward P/E

MSTP

N/A

BELT

30.80

PEG Ratio

MSTP

N/A

BELT

0.66

5Y EPS CAGR

MSTP

N/A

BELT

27.71%

Debt to Equity

MSTP

N/A

BELT

53.72%

P/S Ratio

MSTP

N/A

BELT

7.38

P/B Ratio

MSTP

N/A

BELT

9.68

MSTP vs BELT - Historical Returns

Returns include dividend reinvestment.

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

MSTP

-58.22%

Winner

BELT

-2.38%

MSTP

-32.35%

Winner

BELT

+15.25%

MSTP

-68.04%

Winner

BELT

+15.60%

MSTP

-94.81%

Winner

BELT

+22.96%

Max(CAGR)

MSTP

-95.05%

Winner

BELT

+12.86%

MSTP vs BELT - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

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

MSTP vs BELT Drawdown Comparison

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

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

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

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

Correlation

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

-0.52

-101