GraniteShares 2x Long MSFT Daily ETF (MSFL) — Stock Correlations & Overview
Over the past year, MSFL has moved most closely with MSFT, MSFU, MSFX. Explore the stocks most correlated and inversely correlated with MSFL below, along with its price, financials, and company profile.
Stocks correlated with MSFL
Correlation of daily returns. Higher positive values move with MSFL; negative values move opposite it. Informational only, not investment advice.
Most correlated with MSFL
| Symbol | Company | Correlation |
|---|---|---|
| MSFT | Microsoft CorpSERVICES-PREPACKAGED SOFTWARE | 1.00 |
| MSFU | Direxion Shares ETF Trust Direxion Daily MSFT Bull 2X ETF | 0.99 |
| MSFX | T-Rex 2X Long Microsoft Daily Target ETF | 0.99 |
| MSFW | Roundhill MSFT WeeklyPay ETF | 0.99 |
| MSFO | YieldMax MSFT Option Income Strategy ETF | 0.97 |
Most inversely correlated with MSFL
| Symbol | Company | Correlation |
|---|---|---|
| MSFD | Direxion Shares ETF Trust Direxion Daily MSFT Bear 1X ETF | -0.99 |
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | -0.54 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.53 |
| QQQD | Direxion Daily Magnificent 7 Bear 1X ETF | -0.53 |
| FNGD | MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC | -0.50 |
Frequently asked questions about MSFL correlations
- Which stocks are most correlated with MSFL?
- Based on one year of daily returns, the stocks most correlated with GraniteShares 2x Long MSFT Daily ETF (MSFL) are MSFT (1.00), MSFU (0.99) and MSFX (0.99). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with MSFL?
- Over the past year, the stocks most inversely correlated with GraniteShares 2x Long MSFT Daily ETF (MSFL) are MSFD (-0.99), QQDN (-0.54) and WEBS (-0.53). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these MSFL correlations calculated?
- We compute the correlation of daily returns between MSFL and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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