AKRE vs. MULL

Last updated Aug 2, 2026

AKRE (Akre Focus ETF) and MULL (GraniteShares 2x Long MU Daily ETF) are both exchange-traded funds - AKRE is a Large Cap Growth Equities fund actively managed by Akre, while MULL is a Leveraged Equities fund actively managed by GraniteShares. Both are actively managed. Their -0.22 correlation means they have often moved in opposite directions in the past. AKRE charges 0.98%/yr vs 1.50%/yr for MULL.

Performance

AKRE vs. MULL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Akre Focus ETF (AKRE) and GraniteShares 2x Long MU Daily ETF (MULL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AKRE achieves a -12.24% return, which is significantly lower than MULL's 359.36% return.

AKRE

• 1D: -0.09%
• 1M: 3.27%
• 6M: -4.41%
• YTD: -12.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

MULL

• 1D: -11.97%
• 1M: -36.10%
• 6M: 129.44%
• YTD: 359.36%
• 1Y: 2,639.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 446.67%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AKRE Akre Focus ETF	$25.24M	$28.15M	$44.87M
MULL GraniteShares 2x Long MU Daily ETF	$191.48M	$219.09M	$265.13M

AKRE vs. MULL - Yearly Performance Comparison

	2026 (YTD)	2025
AKRE Akre Focus ETF	-12.24%	-3.06%
MULL GraniteShares 2x Long MU Daily ETF	359.36%	50.89%

Correlation

The correlation between AKRE and MULL is -0.22, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025	-0.22

Return for Risk

AKRE vs. MULL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AKRE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

MULL

MULL Risk / Return Rank: 98
MULL Sharpe Ratio Rank: 100
MULL Sortino Ratio Rank: 97
MULL Omega Ratio Rank: 96
MULL Calmar Ratio Rank: 99
MULL Martin Ratio Rank: 99

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AKRE vs. MULL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Akre Focus ETF (AKRE) and GraniteShares 2x Long MU Daily ETF (MULL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	AKRE	MULL	Difference
Sharpe ratio: Return per unit of total volatility	—	15.08	—
Sortino ratio: Return per unit of downside risk	—	4.77	—
Omega ratio: Gain probability vs. loss probability	—	1.59	—
Calmar ratio: Return relative to maximum drawdown	—	35.94	—
Martin ratio: Return relative to average drawdown	—	118.66	—

Drawdowns

AKRE vs. MULL - Drawdown Comparison

The maximum AKRE drawdown since its inception was -24.18%, smaller than the maximum MULL drawdown of -72.29%. Use the drawdown chart below to compare losses from any high point for AKRE and MULL.

Drawdown Indicators

	AKRE	MULL	Difference
Max Drawdown Largest peak-to-trough decline	-24.18%	-72.29%	+48.11%
Max Drawdown (1Y) Largest decline over 1 year	—	-68.16%	—
Current Drawdown Current decline from peak	-15.08%	-61.61%	+46.53%
Average Drawdown Average peak-to-trough decline	-14.18%	-21.86%	+7.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	20.61%	—

Volatility

Volatility by Period

	AKRE	MULL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	61.67%	—
Volatility (6M) Calculated over the trailing 6-month period	—	135.25%	—
Volatility (1Y) Calculated over the trailing 1-year period	21.61%	162.81%	-141.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.61%	149.74%	-128.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.61%	149.74%	-128.13%

AKRE vs. MULL - Expense Ratio Comparison

AKRE has a 0.98% expense ratio, which is lower than MULL's 1.50% expense ratio.

Dividends

AKRE vs. MULL - Dividend Comparison

AKRE has not paid dividends to shareholders, while MULL's dividend yield for the trailing twelve months is around 0.08%.

Position	TTM	2025
AKRE Akre Focus ETF	0.00%	0.00%
MULL GraniteShares 2x Long MU Daily ETF	0.08%	0.39%

Frequently Asked Questions

Can I hold both AKRE and MULL in my portfolio?

AKRE and MULL have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AKRE or MULL?

On fees, AKRE is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AKRE or MULL?

AKRE is cheaper with a 0.98% expense ratio, compared with 1.50% for MULL.

Which ETF pays a higher dividend yield, AKRE or MULL?

MULL has the higher dividend yield at 0.08%, compared with 0.00% for AKRE.

What is the main difference between AKRE and MULL?

AKRE is categorized as Large Cap Growth Equities, while MULL is Leveraged Equities. They also come from different issuers: Akre and GraniteShares. Their fees differ too: 0.98% for AKRE and 1.50% for MULL.