Which came closer to its stated multiple, MSFC or MSFL?

Over the window to Sep 30, 2026, MSFC finished 1.7 points from what its multiple implies and MSFL finished 0.8 points from its own, so MSFL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are MSFC and MSFL levered on the same thing?

Yes. Both are levered on Microsoft, MSFC at +2 times and MSFL at +2 times the daily move.

Which one decays faster, MSFC or MSFL?

Decay follows how much the underlying moves about. Over this window MSFC’s moved at 39% annualized and MSFL’s at 39%, so MSFC has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold MSFC or MSFL for a year?

Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.

Which is cheaper, MSFC or MSFL?

MSFC charges 0.45% a year and MSFL charges 1.15%, so MSFC is cheaper. Fees come from each fund's prospectus.

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MSFC vs MSFL: which held to its multiple?

Over the days both have traded, MSFC finished 1.7 points from its stated multiple and MSFL 0.8. Corgi MSFT 2x Daily ETF and GraniteShares 2x Long MSFT Daily ETF.

+69.1%

MSFC returned, 3 months

+68.3%

MSFL returned, 3 months

+1.7 pts

MSFC from its stated multiple

+0.8 pts

MSFL from its stated multiple

MSFC · 3 months to Sep 30, 20261.7 pts ahead of its stated multiple

MSFC returned +69.1% while 2 times MSFT's move would have been +67.4%

MSFL · 3 months to Sep 30, 20260.8 pts ahead of its stated multiple

MSFL returned +68.3% while 2 times MSFT's move would have been +67.4%

ETFIQ Decay Resistance Score · MSFC scores higherDid it keep up with its own daily multiple, compounded day by day?

MSFC 26.8

MSFL 16.7

0.1, the lowest in this set99.9, the highest

A percentile among the 470 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it → How it is computed →

Performance, window by window

	Total return		Multiple would give		Difference
Window	MSFC	MSFL	MSFC	MSFL	MSFC	MSFL
1 month	+1.1%	+0.8%	+2.2%	+2.2%	−1.2 pts	−1.4 pts
3 months	+69.1%	+68.3%	+67.4%	+67.4%	+1.7 pts	+0.8 pts
6 months	not published	+73.1%	not published	+78.8%	not published	−5.8 pts
1 year	not published	−17.6%	not published	−0.3%	not published	−17.3 pts
Since launch MSFC Jun 2026 · MSFL Mar 2024	+78.7%	+2.8%	+75.5%	+50.6%	+3.2 pts	−47.8 pts

MSFC and MSFL over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

MSFC

Corgi MSFT 2x Daily ETF · Aims to return twice the daily move of Microsoft (MSFT)

MSFL

GraniteShares 2x Long MSFT Daily ETF · Aims to return twice the daily move of Microsoft (MSFT)

Issuer Corgi GraniteShares

Sets out to return +2x +2x

Underlying asset MSFT MSFT

Segment company company

Fund returned, 3 months or since launch +69.1% +68.3%

Underlying returned, over that window +33.7% +33.7%

What the stated multiple implies, over that window +67.4% +67.4%

Difference from stated, over that window +1.7 pts +0.8 pts

Fund returned, 1 year or since launch +78.7% −17.6%

Difference from stated, over that window +3.2 pts −17.3 pts

Underlying volatility 39% 39%

Difference over the days both have traded +1.7 pts +0.8 pts

Expense ratio 0.45% 1.15%

Launched Jun 30, 2026 Mar 18, 2024

Net assets $993,895 $67m

MSFC and MSFL on the same fields, as of Sep 30, 2026. Source: ETFIQ.

MSFC in plain words

Three months to Sep 30, 2026: MSFC returned +69.1% where its own daily promise gave +72.9%, 3.8 points short. Read the multiple against the whole window instead and 2 times MSFT's 33.7% implies +67.4%, which makes MSFC look 1.7 points over. 5.4 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. MSFC aims to return +2 times MSFT's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. MSFT moved at 39% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.

MSFL in plain words

Three months to Sep 30, 2026: MSFL returned +68.3% where its own daily promise gave +72.9%, 4.6 points short. Read the multiple against the whole window instead and 2 times MSFT's 33.7% implies +67.4%, which makes MSFL look 0.8 points over. MSFL aims to return +2 times MSFT's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, MSFC or MSFL?: Over the window to Sep 30, 2026, MSFC finished 1.7 points from what its multiple implies and MSFL finished 0.8 points from its own, so MSFL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are MSFC and MSFL levered on the same thing?: Yes. Both are levered on Microsoft, MSFC at +2 times and MSFL at +2 times the daily move.
Which one decays faster, MSFC or MSFL?: Decay follows how much the underlying moves about. Over this window MSFC’s moved at 39% annualized and MSFL’s at 39%, so MSFC has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold MSFC or MSFL for a year?: Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
Which is cheaper, MSFC or MSFL?: MSFC charges 0.45% a year and MSFL charges 1.15%, so MSFC is cheaper. Fees come from each fund's prospectus.

Other comparisons

MSFC vs MSFD MSFC vs MSFU MSFC vs MSFX MSFL vs MSFU MSFL vs MSFX MSFL vs MSFD

MSFC on its own →MSFL on its own →How every figure is computed →Standards and sources →

Where these figures came from

MSFC filings on SEC EDGAR ↗MSFC prospectus with the expense ratio (SEC) ↗Corgi website ↗MSFL filings on SEC EDGAR ↗MSFL prospectus with the expense ratio (SEC) ↗GraniteShares page for MSFL ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, MSFC against MSFL, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/msfc-vs-msfl

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.