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GraniteShares 2x Long MU Daily ETF (MULL) Sharpe Ratio: 22.76

ETF · Currency in USD · Last updated Jun 25, 2026

The GraniteShares 2x Long MU Daily ETF seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change of Micron Technology Inc.'s common stock (NASDAQ: MU).

MULL's Sharpe Ratio of 22.76 indicates that for each unit of volatility, it generates 22.76 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 25, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

MULL Sharpe Ratio Rank

MULL Sharpe Ratio Rank: 100.0100
Exceptional

MULL ranks above 100.0% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Suitable as a core holding given strong risk-adjusted returns
  • Monitor rank changes to detect deteriorating return-to-volatility profile
  • Exceptional Sharpe ratio supports larger position sizes
  • Compare with category peers to assess whether strength is investment-specific or category-wide

MULL Sharpe Ratio Market Positioning

The chart shows MULL's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.82 or lower
  • Yellow zone (middle 50%): 0.82 to 2.07
  • Green zone (top 25%): 2.07 or higher
  • Top 1%: 6.81+
  • Median: 1.50 — half of all investments score higher

How it compares to other similar ETFs

The table compares GraniteShares 2x Long MU Daily ETF's Sharpe Ratio with other ETFs in the Leveraged Equities category across multiple time periods, showing how MULL's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 25, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
MULLGraniteShares 2x Long MU Daily ETF22.76
INTWGraniteShares 2x Long INTC Daily ETF11.55
SOXLDirexion Daily Semiconductor Bull 3X ETF7.45
DLLLGraniteShares 2x Long DELL Daily ETF5.81
KORUDirexion Daily South Korea Bull 3X Shares5.55
AMUUDirexion Daily AMD Bull 2X Shares5.46
AMDLGraniteShares 2x Long AMD Daily ETF5.43
AMDGLeverage Shares 2X Long AMD Daily ETF5.34
GGLLDirexion Daily GOOGL Bull 2X Shares4.40
LABUDirexion Daily S&P Biotech Bull 3x Shares4.15

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows MULL's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when MULL consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does MULL fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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