UTRE vs MSTP
Comparison between F/M US TREASURY 3 YEAR NOTE ETF (UTRE, ETF) and GRANITESHARES 2X LONG MSTR DAILY ETF (MSTP, ETF).
UTRE vs MSTP - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
UTRE
$9.80M
MSTP
$9.70M
Expense Ratio
UTRE
0.15%
MSTP
N/A
Max Drawdown
Winner
UTRE
4.36%
MSTP
96.69%
Sharpe Ratio
Winner
UTRE
-0.39
MSTP
-1.42
5Y Beta
Winner
UTRE
-0.02
MSTP
5.77
UTRE vs MSTP - Historical Returns
Returns include dividend reinvestment.
1M
Winner
UTRE
+0.05%
MSTP
-58.22%
3M
Winner
UTRE
-0.05%
MSTP
-32.35%
6M
Winner
UTRE
+0.33%
MSTP
-68.04%
1Y
Winner
UTRE
+2.80%
MSTP
-94.81%
Max(CAGR)
Winner
UTRE
+3.36%
MSTP
-95.05%
UTRE vs MSTP - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | UTRE | MSTP |
|---|---|---|
| 2026 | +0.04% | -58.62% |
| 2025 | +5.76% | -88.99% |
| 2024 | +3.19% | N/A |
| 2023 | +2.16% | N/A |
UTRE vs MSTP Drawdown Comparison
The maximum drawdown for UTRE was -2.80%, occurring on Jul 6, 2023. Recovery took 154 trading sessions.
The maximum drawdown for MSTP was -96.69%, occurring on Jun 10, 2026. This drawdown has not yet recovered.
The current UTRE drawdown is -0.95%. The current MSTP drawdown is -96.22%.
| Rank | UTRE | MSTP |
|---|---|---|
| #1 | -2.80% May 4, 2023 - Dec 13, 2023 | -96.69% Jul 16, 2025 - Jun 10, 2026 |
| #2 | -1.86% Sep 16, 2024 - Feb 26, 2025 | -15.10% Jun 30, 2025 - Jul 9, 2025 |
| #3 | -1.63% Feb 1, 2024 - Jun 13, 2024 | -12.49% Jun 10, 2025 - Jun 30, 2025 |
| #4 | -1.44% Feb 27, 2026 - Mar 26, 2026 | -4.16% Jul 14, 2025 - Jul 16, 2025 |
| #5 | -1.21% Apr 30, 2025 - Jun 25, 2025 | N/A |
| #6 | -0.97% Apr 5, 2023 - Apr 25, 2023 | N/A |
| #7 | -0.89% Apr 4, 2025 - Apr 28, 2025 | N/A |
| #8 | -0.62% Apr 25, 2023 - May 3, 2023 | N/A |
| #9 | -0.58% Jan 12, 2024 - Feb 1, 2024 | N/A |
| #10 | -0.49% Jun 30, 2025 - Aug 1, 2025 | N/A |
| #11 | -0.46% Aug 2, 2024 - Aug 21, 2024 | N/A |
| #12 | -0.45% Sep 8, 2025 - Oct 10, 2025 | N/A |
| #13 | -0.45% Oct 16, 2025 - Nov 21, 2025 | N/A |
| #14 | -0.41% Dec 27, 2023 - Jan 11, 2024 | N/A |
| #15 | -0.40% Nov 25, 2025 - Dec 16, 2025 | N/A |
Correlation
Correlation between UTRE and MSTP 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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