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% | 34.68M | Mar 2026 | MPL vs NTSD | |
| ETRACS IFED Invest with the Fed TR Index ETN | 0.45% | 48.99M | Sep 2021 | MPL vs IFED | |
| Direxion Daily S&P 500 Bull 2X ETF | 0.60% | 239.79M | May 2014 | MPL vs SPUU | |
| Leverage Shares 2X Long VALE Daily ETF | 0.75% | — | Dec 2025 | MPL vs VALG | |
| Leverage Shares 2X Long AXP Daily ETF | 0.75% | 999.00K | Feb 2026 | MPL vs AXPG |
Best Risk-Adjusted Alternatives to MPL
Among 257 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 | |
|---|---|---|---|---|---|
| GraniteShares 2x Long MU Daily ETF | 98 | 1.47B | Nov 2024 | MPL vs MULL | |
| Innovator U.S. Equity Accelerated Plus ETF | 98 | 22.60M | Apr 2021 | MPL vs XTAP | |
| GraniteShares 2x Long INTC Daily ETF | 98 | 785.62M | Feb 2025 | MPL vs INTW | |
| Innovator Growth Accelerated Plus ETF - April | 97 | 19.18M | Apr 2021 | MPL vs QTAP | |
| Direxion Daily Semiconductor Bull 3X ETF | 95 | 28.01B | Mar 2010 | MPL vs SOXL |
Top Performing MPL Alternatives (YTD)
Among 379 ETFs in the Leveraged Equities category with YTD return data, the top-performing alternatives shown here go as high as 882.83%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| GraniteShares 2x Long MU Daily ETF | 882.83% | 1.47B | Nov 2024 | MPL vs MULL | |
| Direxion Daily INTC Bull 2X Shares | 699.05% | 104.27M | Nov 2025 | MPL vs LINT | |
| GraniteShares 2x Long INTC Daily ETF | 691.84% | 785.62M | Feb 2025 | MPL vs INTW | |
| GraniteShares 2x Long DELL Daily ETF | 628.47% | 169.15M | Feb 2025 | MPL vs DLLL | |
| GraniteShares 2x Long MRVL Daily ETF | 542.03% | 983.44M | Mar 2025 | MPL vs MVLL |
Lowest Volatility Alternatives to MPL
MPL has 140.24% 1-year volatility. There are 317 ETFs in the Leveraged Equities category with lower 1-year volatility, going as low as 4.75%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 4.75% | 22.60M | Apr 2021 | MPL vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 6.06% | 19.18M | Apr 2021 | MPL vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 7.34% | 13.35M | Jul 2021 | MPL vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | 9.86% | 22.17M | Jul 2021 | MPL vs QTJL | |
| Innovator US Equity Accelerated ETF | 10.50% | 68.78M | Apr 2021 | MPL vs XDSQ |
Lowest Drawdown Alternatives to MPL
Among 257 ETFs in the Leveraged Equities category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -1.72%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | -1.72% | 22.60M | Apr 2021 | MPL vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | -2.49% | 19.18M | Apr 2021 | MPL vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -5.12% | 13.35M | Jul 2021 | MPL vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | -6.68% | 22.17M | Jul 2021 | MPL vs QTJL | |
| Innovator US Equity Accelerated ETF | -9.60% | 68.78M | Apr 2021 | MPL vs XDSQ |
Other ETFs from Defiance
The 10 most viewed Defiance ETFs shown here include QTUM, QQQY, MSTX and span 11 categories. AUM among these funds goes as high as $6B.
Often Compared With MPL
Investors most often compare MPL with FUTG, COIG, RTXG. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare MPL with Any Fund or Stock
Compare MPL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
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