AXUP vs. MVLL
AXUP (T-Rex 2X Long Axon Daily Target ETF) and MVLL (GraniteShares 2x Long MRVL Daily ETF) are both Leveraged Equities funds. AXUP is actively managed, while MVLL is passively managed. At a 0.17 correlation, their price movements are largely independent. Both charge a 1.50% expense ratio.
Performance
AXUP vs. MVLL - Performance Comparison
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Returns By Period
AXUP
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MVLL
- 1D
- 7.14%
- 1M
- 201.84%
- YTD
- 842.68%
- 6M
- 558.01%
- 1Y
- 1,215.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AXUP vs. MVLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AXUP T-Rex 2X Long Axon Daily Target ETF | -34.20% | -48.71% |
MVLL GraniteShares 2x Long MRVL Daily ETF | 842.68% | 33.62% |
Correlation
The correlation between AXUP and MVLL is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 17, 2025 | 0.17 |
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Return for Risk
AXUP vs. MVLL — Risk / Return Rank
AXUP
MVLL
AXUP vs. MVLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long Axon Daily Target ETF (AXUP) and GraniteShares 2x Long MRVL Daily ETF (MVLL). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| AXUP | MVLL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 9.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | — | 3.33 | — |
Drawdowns
AXUP vs. MVLL - Drawdown Comparison
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Drawdown Indicators
| AXUP | MVLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -59.02% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -48.93% | — |
Current DrawdownCurrent decline from peak | — | 0.00% | — |
Average DrawdownAverage peak-to-trough decline | — | -22.42% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 23.46% | — |
Volatility
AXUP vs. MVLL - Volatility Comparison
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Volatility by Period
| AXUP | MVLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 60.78% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 96.08% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 133.11% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 139.63% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 139.63% | — |
AXUP vs. MVLL - Expense Ratio Comparison
Both AXUP and MVLL have an expense ratio of 1.50%.
Dividends
AXUP vs. MVLL - Dividend Comparison
Neither AXUP nor MVLL has paid dividends to shareholders.
Frequently Asked Questions
AXUP and MVLL have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 1.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
AXUP and MVLL have the same expense ratio: 1.50% per year.
AXUP and MVLL have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Tuttle Capital Management and GraniteShares.
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