MSTP vs FPXE
Comparison between GRANITESHARES 2X LONG MSTR DAILY ETF (MSTP, ETF) and FIRST TRUST IPOX EUROPE EQUITY OPPORTUNITIES ETF (FPXE, ETF).
MSTP vs FPXE - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MSTP
$5.20M
FPXE
$5.20M
Expense Ratio
MSTP
N/A
FPXE
0.70%
Max Drawdown
MSTP
98.40%
Winner
FPXE
50.50%
Sharpe Ratio
MSTP
-1.83
Winner
FPXE
0.19
5Y Beta
MSTP
5.85
Winner
FPXE
1.01
5Y Dividends CAGR
MSTP
N/A
FPXE
10.74%
MSTP vs FPXE - Historical Returns
Returns include dividend reinvestment.
1M
MSTP
-25.18%
Winner
FPXE
-5.54%
3M
MSTP
-76.04%
Winner
FPXE
-1.84%
6M
MSTP
-79.37%
Winner
FPXE
+2.22%
1Y
MSTP
-97.60%
Winner
FPXE
+3.71%
5Y(CAGR)
MSTP
N/A
FPXE
+2.59%
Max(CAGR)
MSTP
-96.28%
Winner
FPXE
+8.73%
MSTP vs FPXE - Annual Returns (2018 - 2026)
Returns include dividend reinvestment.
| Year | MSTP | FPXE |
|---|---|---|
| 2026 | -78.57% | +5.47% |
| 2025 | -88.99% | +24.10% |
| 2024 | N/A | +19.14% |
| 2023 | N/A | +14.56% |
| 2022 | N/A | -35.07% |
| 2021 | N/A | +8.31% |
| 2020 | N/A | +33.95% |
| 2019 | N/A | +34.56% |
| 2018 | N/A | -14.93% |
MSTP vs FPXE Drawdown Comparison
The maximum drawdown for MSTP was -98.40%, occurring on Jun 26, 2026. This drawdown has not yet recovered.
The maximum drawdown for FPXE was -49.55%, occurring on Oct 12, 2022. Recovery took 964 trading sessions.
The current MSTP drawdown is -98.04%. The current FPXE drawdown is -8.38%.
| Rank | MSTP | FPXE |
|---|---|---|
| #1 | -98.40% Jul 16, 2025 - Jun 26, 2026 | -49.55% Sep 2, 2021 - Jul 9, 2025 |
| #2 | -15.10% Jun 30, 2025 - Jul 9, 2025 | -30.64% Feb 19, 2020 - Jun 1, 2020 |
| #3 | -12.49% Jun 10, 2025 - Jun 30, 2025 | -15.65% Oct 5, 2018 - Apr 5, 2019 |
| #4 | -4.16% Jul 14, 2025 - Jul 16, 2025 | -13.76% Feb 16, 2021 - Jul 22, 2021 |
| #5 | N/A | -11.33% Feb 25, 2026 - Apr 13, 2026 |
| #6 | N/A | -9.42% Jun 18, 2026 - Jul 20, 2026 |
| #7 | N/A | -9.20% Sep 15, 2025 - Jan 23, 2026 |
| #8 | N/A | -8.43% Oct 14, 2020 - Nov 5, 2020 |
| #9 | N/A | -6.81% Jun 1, 2026 - Jun 18, 2026 |
| #10 | N/A | -6.50% Jul 22, 2020 - Oct 9, 2020 |
| #11 | N/A | -5.18% Jul 3, 2019 - Nov 15, 2019 |
| #12 | N/A | -4.47% Jan 27, 2026 - Feb 20, 2026 |
| #13 | N/A | -4.40% Jul 23, 2025 - Aug 22, 2025 |
| #14 | N/A | -4.33% Jan 22, 2021 - Feb 5, 2021 |
| #15 | N/A | -4.24% May 6, 2026 - May 21, 2026 |
Correlation
Correlation between MSTP and FPXE is -0.51 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.
-0.51
-101
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