BABU vs. MVLL

Last updated Jun 4, 2026

BABU (Direxion Daily BABA Bull 2X ETF) and MVLL (GraniteShares 2x Long MRVL Daily ETF) are both Leveraged Equities funds - BABU tracks the Alibaba Group Holding Limited (BABA) while MVLL tracks the Marvell Technology Inc. (MRVL). Both are passively managed. At a 0.39 correlation, their price movements are largely independent. BABU charges 0.97%/yr vs 1.50%/yr for MVLL.

Performance

BABU vs. MVLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily BABA Bull 2X ETF (BABU) and GraniteShares 2x Long MRVL Daily ETF (MVLL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BABU

• 1D: -5.41%
• 1M: -11.25%
• 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*: —

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

BABU vs. MVLL - Yearly Performance Comparison

	2026 (YTD)
BABU Direxion Daily BABA Bull 2X ETF	-44.84%
MVLL GraniteShares 2x Long MRVL Daily ETF	965.87%

Correlation

The correlation between BABU and MVLL is 0.39, 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 Feb 12, 2026	0.39

Return for Risk

BABU vs. MVLL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MVLL

MVLL Risk / Return Rank: 96
MVLL Sharpe Ratio Rank: 99
MVLL Sortino Ratio Rank: 94
MVLL Omega Ratio Rank: 92
MVLL Calmar Ratio Rank: 99
MVLL Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BABU vs. MVLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily BABA Bull 2X ETF (BABU) 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.

Sharpe Ratios by Period

	BABU	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	-1.05	3.33	-4.38

Drawdowns

BABU vs. MVLL - Drawdown Comparison

The maximum BABU drawdown since its inception was -49.17%, smaller than the maximum MVLL drawdown of -59.02%. Use the drawdown chart below to compare losses from any high point for BABU and MVLL.

Drawdown Indicators

	BABU	MVLL	Difference
Max Drawdown Largest peak-to-trough decline	-49.17%	-59.02%	+9.85%
Max Drawdown (1Y) Largest decline over 1 year	—	-48.93%	—
Current Drawdown Current decline from peak	-44.84%	0.00%	-44.84%
Average Drawdown Average peak-to-trough decline	-35.05%	-22.42%	-12.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	23.46%	—

Volatility

Volatility by Period

	BABU	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	82.22%	133.11%	-50.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.22%	139.63%	-57.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.22%	139.63%	-57.41%

BABU vs. MVLL - Expense Ratio Comparison

BABU has a 0.97% expense ratio, which is lower than MVLL's 1.50% expense ratio.

Dividends

BABU vs. MVLL - Dividend Comparison

BABU's dividend yield for the trailing twelve months is around 0.36%, while MVLL has not paid dividends to shareholders.

Position	TTM
BABU Direxion Daily BABA Bull 2X ETF	0.36%
MVLL GraniteShares 2x Long MRVL Daily ETF	0.00%

Frequently Asked Questions

Can I hold both BABU and MVLL in my portfolio?

BABU and MVLL have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BABU or MVLL?

On fees, BABU is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BABU or MVLL?

BABU is cheaper with a 0.97% expense ratio, compared with 1.50% for MVLL.

Which ETF pays a higher dividend yield, BABU or MVLL?

BABU has the higher dividend yield at 0.36%, compared with 0.00% for MVLL.

What is the main difference between BABU and MVLL?

BABU tracks Alibaba Group Holding Limited (BABA), while MVLL tracks Marvell Technology Inc. (MRVL). They also come from different issuers: Direxion and GraniteShares. Their fees differ too: 0.97% for BABU and 1.50% for MVLL.