Defiance Daily Target 2X Long MP ETF (MPL) belongs to the Leveraged Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MPL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MPL
MPL charges 1.31% annually. There are 360 ETFs in the Leveraged Equities category with lower expense ratios, going as low as 0.35%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Efficient U.S. Plus International Equit... | 0.35% | 28.74M | Mar 2026 | MPL vs NTSD | |
| ETRACS IFED Invest with the Fed TR Index ETN | 0.45% | 48.98M | Sep 2021 | MPL vs IFED | |
| Direxion Daily S&P 500 Bull 2x Shares | 0.64% | 241.41M | May 2014 | MPL vs SPUU | |
| Leverage Shares 2X Long RTX Daily ETF | 0.75% | 4.41M | Jun 2025 | MPL vs RTXG | |
| Leverage Shares 2X Long ARM Daily ETF | 0.75% | 75.08M | Jan 2025 | MPL vs ARMG |
Best Risk-Adjusted Alternatives to MPL
Among 236 ETFs in the Leveraged Equities category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | 98 | 3.44B | Oct 2024 | MPL vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 98 | 1.11B | Nov 2024 | MPL vs MULL | |
| Innovator U.S. Equity Accelerated Plus ETF | 98 | 22.62M | Apr 2021 | MPL vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 98 | 19.26M | Apr 2021 | MPL vs QTAP | |
| GraniteShares 2x Long INTC Daily ETF | 96 | 625.04M | Feb 2025 | MPL vs INTW |
Top Performing MPL Alternatives (YTD)
Among 382 ETFs in the Leveraged Equities category with YTD return data, the top-performing alternatives shown here go as high as 647.22%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| GraniteShares 2x Long DELL Daily ETF | 647.22% | 101.08M | Feb 2025 | MPL vs DLLL | |
| Leverage Shares 2X Long ARM Daily ETF | 596.32% | 75.08M | Jan 2025 | MPL vs ARMG | |
| GraniteShares 2x Long MRVL Daily ETF | 590.25% | 568.50M | Mar 2025 | MPL vs MVLL | |
| Direxion Daily MU Bull 2X Shares | 558.99% | 3.44B | Oct 2024 | MPL vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 545.56% | 1.11B | Nov 2024 | MPL vs MULL |
Lowest Volatility Alternatives to MPL
MPL has 182.07% 1-year volatility. There are 365 ETFs in the Leveraged Equities category with lower 1-year volatility, going as low as 4.81%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 4.81% | 22.62M | Apr 2021 | MPL vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 5.80% | 19.26M | Apr 2021 | MPL vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 7.42% | 13.32M | Jul 2021 | MPL vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | 10.00% | 22.12M | Jul 2021 | MPL vs QTJL | |
| Innovator US Equity Accelerated ETF | 10.55% | 68.42M | Apr 2021 | MPL vs XDSQ |
Lowest Drawdown Alternatives to MPL
Among 236 ETFs in the Leveraged Equities category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -1.42%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | -1.42% | 22.62M | Apr 2021 | MPL vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | -1.72% | 19.26M | Apr 2021 | MPL vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -5.12% | 13.32M | Jul 2021 | MPL vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | -6.68% | 22.12M | Jul 2021 | MPL vs QTJL | |
| Innovator US Equity Accelerated ETF | -9.60% | 68.42M | Apr 2021 | MPL vs XDSQ |
Other ETFs from Defiance
The 10 most viewed Defiance ETFs shown here include QTUM, QQQY, MSTX and span 9 categories. AUM among these funds goes as high as $6B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Defiance Quantum ETF | Technology Equities | 84 | 39.60% | 5.70B | Sep 2018 | MPL vs QTUM | |
| Defiance Nasdaq 100 Enhanced Options Income ETF | Nasdaq-100, Options Trading, Dividend | 61 | 13.21% | 189.73M | Sep 2023 | MPL vs QQQY | |
| Defiance Daily Target 2X Long MSTR ETF | Leveraged Equities | 2 | -59.64% | 314.30M | Aug 2024 | MPL vs MSTX | |
| Defiance AI & Power Infrastructure ETF | Technology Equities | — | 40.87% | 750.87M | Jul 2025 | MPL vs AIPO | |
| Defiance Large Cap ex-Mag 7 ETF | Large Cap Blend Equities | 62 | 9.87% | 143.36M | Oct 2024 | MPL vs XMAG | |
| Defiance Nasdaq 100 Income Target ETF | Nasdaq-100, Derivative Income | 53 | 13.60% | 44.44M | Jun 2024 | MPL vs QQQT | |
| Defiance R2000 Enhanced Options & 0DTE Income ETF | Options Trading | 36 | 9.86% | 99.00M | Oct 2023 | MPL vs IWMY | |
| Defiance S&P 500 Income Target ETF | Derivative Income, S&P 500 | 60 | 7.34% | 152.35M | Mar 2024 | MPL vs SPYT | |
| Defiance Gold Enhanced Options Income ETF | Derivative Income, Gold | 18 | -5.06% | 32.32M | Apr 2025 | MPL vs GLDY | |
| Defiance Oil Enhanced Options Income ETF | Derivative Income | 53 | 56.61% | 62.15M | May 2024 | MPL vs USOY |
Often Compared With MPL
Investors most often compare MPL with HOOG. These 1 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Leverage Shares 2X Long HOOD Daily ETF | Leveraged Equities | 9 | -61.32% | 71.03M | Mar 2025 | MPL vs HOOG |
Compare MPL with Any Fund or Stock
Compare MPL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
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Pair MPL with funds that move differently
Defiance Daily Target 2X Long MP ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MPL.
Explore MPL Diversifiers