- ISIN
- US38747R5202
- CUSIP
- 38747R520
- Issuer
- GraniteShares
- Inception Date
- Mar 3, 2025
- Region
- North America (United States)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- Marvell Technology Inc. (MRVL)
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Assets Under Management
- $237M
Highlights
- Avg. Volume (1M)
- 3M
- Avg. Volume Value (1M)
- $85.12M
Share Price Chart
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Performance
MVLL Performance Chart
GraniteShares 2x Long MRVL Daily ETF (MVLL) is up 183.3% since the beginning of the year. MVLL is currently trading at $20 per share.
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Returns By Period
GraniteShares 2x Long MRVL Daily ETF (MVLL) has returned 183.32% so far this year and 195.07% over the past 12 months.
GraniteShares 2x Long MRVL Daily ETF
- 1D
- 4.74%
- 1M
- -46.40%
- 6M
- 236.40%
- YTD
- 183.32%
- 1Y
- 195.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 97.66%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
MVLL Monthly Returns History
Based on dividend-adjusted daily data since Mar 7, 2025, MVLL's average daily return is +0.71%, while the average monthly return is +17.09%. At this rate, an investment would double in approximately 0.4 years.
Historically, 59% of months were positive and 41% were negative. The best month was Apr 2026 with a return of +166.2%, while the worst month was Jul 2026 at -64.6%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, MVLL closed higher 52% of trading days. The best single day was Jun 2, 2026 with a return of +65.0%, while the worst single day was Aug 29, 2025 at -37.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -15.78% | 4.25% | 37.09% | 166.19% | 45.82% | 71.22% | -64.58% | 183.32% | |||||
| 2025 | -25.01% | -20.14% | 1.92% | 60.42% | 5.17% | -43.74% | 73.49% | 19.89% | -12.81% | -12.85% | -8.44% |
Benchmark Metrics
GraniteShares 2x Long MRVL Daily ETF has an annualized alpha of 114.83%, beta of 5.01, and R2 of 0.33 versus S&P 500 Index. Calculated based on daily prices since March 07, 2025.
- This ETF captured 1276.92% of S&P 500 Index gains and 457.31% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- R2 of 0.33 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 114.83%
- Beta
- 5.01
- R²
- 0.33
- Upside Capture
- 1,276.92%
- Downside Capture
- 457.31%
Expense Ratio
MVLL has a high expense ratio of 1.50%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MVLL ranks 53 for risk / return — above 53% of ETFs peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for GraniteShares 2x Long MRVL Daily ETF (MVLL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MVLL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.25 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 2.00 | -0.07 |
| Martin ratioReturn relative to average drawdown | 5.10 | 8.49 | -3.39 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the GraniteShares 2x Long MRVL Daily ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the GraniteShares 2x Long MRVL Daily ETF was 78.87%, occurring on Jul 29, 2026. The portfolio has not yet recovered.
The current GraniteShares 2x Long MRVL Daily ETF drawdown is 72.55%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-78.87%Jul 2026 | 1mo 24d | — | 1mo 28dJun 2026 - now | — |
-59.02%Apr 2025 | 27d | 3mo 10d | 4mo 7dMar 2025 - Jul 2025 | 2025 selloff2025 |
-48.93%Feb 2026 | 2mo 2d | 2mo 1d | 4mo 3dDec 2025 - Apr 2026 | — |
-46.87%Sep 2025 | 1mo 4d | 1mo 3d | 2mo 7dJul 2025 - Oct 2025 | — |
-34.94%Nov 2025 | 1mo 12d | 13d | 1mo 25dOct 2025 - Dec 2025 | — |
Drawdown Indicators
| MVLL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.87% | -56.78% | -22.09% |
Max Drawdown (1Y)Largest decline over 1 year | -78.87% | -9.10% | -69.77% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -72.55% | -1.58% | -70.97% |
Average DrawdownAverage peak-to-trough decline | -25.03% | -10.70% | -14.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.22% | 2.14% | +28.08% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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