TSL vs MSFD

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

TSL vs MSFD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

TSL

$14M

MSFD

$14M

Expense Ratio

TSL

N/A

MSFD

1.02%

Max Drawdown

TSL

80.46%

Winner

MSFD

64.30%

Sharpe Ratio

TSL

0.54

Winner

MSFD

0.67

5Y Beta

TSL

2.88

Winner

MSFD

-0.91

TSL vs MSFD - Historical Returns

Returns include dividend reinvestment.

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

TSL

-8.23%

Winner

MSFD

+3.52%

Winner

TSL

+1.90%

MSFD

+1.68%

TSL

-16.42%

Winner

MSFD

+19.70%

Winner

TSL

+26.46%

MSFD

+21.18%

Max(CAGR)

Winner

TSL

+0.87%

MSFD

-11.13%

TSL vs MSFD - Annual Returns (2022 - 2026)

Returns include dividend reinvestment.

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

TSL vs MSFD Drawdown Comparison

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

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

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

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

Correlation

Correlation between TSL and MSFD 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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