MSTP vs UTRE
Comparison between GRANITESHARES 2X LONG MSTR DAILY ETF (MSTP, ETF) and F/M US TREASURY 3 YEAR NOTE ETF (UTRE, ETF).
MSTP vs UTRE - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MSTP
$9.70M
Winner
UTRE
$9.80M
Expense Ratio
MSTP
N/A
UTRE
0.15%
Max Drawdown
MSTP
96.69%
Winner
UTRE
4.36%
Sharpe Ratio
MSTP
-1.42
Winner
UTRE
-0.39
5Y Beta
MSTP
5.77
Winner
UTRE
-0.02
MSTP vs UTRE - Historical Returns
Returns include dividend reinvestment.
1M
MSTP
-58.22%
Winner
UTRE
+0.05%
3M
MSTP
-32.35%
Winner
UTRE
-0.05%
6M
MSTP
-68.04%
Winner
UTRE
+0.33%
1Y
MSTP
-94.81%
Winner
UTRE
+2.80%
Max(CAGR)
MSTP
-95.05%
Winner
UTRE
+3.36%
MSTP vs UTRE - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | MSTP | UTRE |
|---|---|---|
| 2026 | -58.62% | +0.04% |
| 2025 | -88.99% | +5.76% |
| 2024 | N/A | +3.19% |
| 2023 | N/A | +2.16% |
MSTP vs UTRE 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 UTRE was -2.80%, occurring on Jul 6, 2023. Recovery took 154 trading sessions.
The current MSTP drawdown is -96.22%. The current UTRE drawdown is -0.95%.
| Rank | MSTP | UTRE |
|---|---|---|
| #1 | -96.69% Jul 16, 2025 - Jun 10, 2026 | -2.80% May 4, 2023 - Dec 13, 2023 |
| #2 | -15.10% Jun 30, 2025 - Jul 9, 2025 | -1.86% Sep 16, 2024 - Feb 26, 2025 |
| #3 | -12.49% Jun 10, 2025 - Jun 30, 2025 | -1.63% Feb 1, 2024 - Jun 13, 2024 |
| #4 | -4.16% Jul 14, 2025 - Jul 16, 2025 | -1.44% Feb 27, 2026 - Mar 26, 2026 |
| #5 | N/A | -1.21% Apr 30, 2025 - Jun 25, 2025 |
| #6 | N/A | -0.97% Apr 5, 2023 - Apr 25, 2023 |
| #7 | N/A | -0.89% Apr 4, 2025 - Apr 28, 2025 |
| #8 | N/A | -0.62% Apr 25, 2023 - May 3, 2023 |
| #9 | N/A | -0.58% Jan 12, 2024 - Feb 1, 2024 |
| #10 | N/A | -0.49% Jun 30, 2025 - Aug 1, 2025 |
| #11 | N/A | -0.46% Aug 2, 2024 - Aug 21, 2024 |
| #12 | N/A | -0.45% Sep 8, 2025 - Oct 10, 2025 |
| #13 | N/A | -0.45% Oct 16, 2025 - Nov 21, 2025 |
| #14 | N/A | -0.41% Dec 27, 2023 - Jan 11, 2024 |
| #15 | N/A | -0.40% Nov 25, 2025 - Dec 16, 2025 |
Correlation
Correlation between MSTP and UTRE is -0.96 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.
-0.96
-101
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