BU vs. MVLL

Last updated Jun 4, 2026

BU (Defiance Daily Target 2X Long B ETF) and MVLL (GraniteShares 2x Long MRVL Daily ETF) are both Leveraged Equities funds. BU is actively managed, while MVLL is passively managed. At a 0.30 correlation, their price movements are largely independent. BU charges 1.29%/yr vs 1.50%/yr for MVLL.

Performance

BU vs. MVLL - Performance Comparison

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

Returns By Period

In the year-to-date period, BU achieves a -20.39% return, which is significantly lower than MVLL's 842.68% return.

BU

• 1D: -5.94%
• 1M: 15.42%
• YTD: -20.39%
• 6M: -9.66%
• 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)

BU vs. MVLL - Yearly Performance Comparison

	2026 (YTD)	2025
BU Defiance Daily Target 2X Long B ETF	-20.39%	29.45%
MVLL GraniteShares 2x Long MRVL Daily ETF	842.68%	3.35%

Correlation

The correlation between BU and MVLL is 0.30, 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 Nov 20, 2025	0.30

Return for Risk

BU 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.

BU vs. MVLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long B ETF (BU) 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

	BU	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	0.06	3.33	-3.27

Drawdowns

BU vs. MVLL - Drawdown Comparison

The maximum BU drawdown since its inception was -53.98%, smaller than the maximum MVLL drawdown of -59.02%. Use the drawdown chart below to compare losses from any high point for BU and MVLL.

Drawdown Indicators

	BU	MVLL	Difference
Max Drawdown Largest peak-to-trough decline	-53.98%	-59.02%	+5.04%
Max Drawdown (1Y) Largest decline over 1 year	—	-48.93%	—
Current Drawdown Current decline from peak	-45.10%	0.00%	-45.10%
Average Drawdown Average peak-to-trough decline	-25.32%	-22.42%	-2.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	23.46%	—

Volatility

Volatility by Period

	BU	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	97.59%	133.11%	-35.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	97.59%	139.63%	-42.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.59%	139.63%	-42.04%

BU vs. MVLL - Expense Ratio Comparison

BU has a 1.29% expense ratio, which is lower than MVLL's 1.50% expense ratio.

Dividends

BU vs. MVLL - Dividend Comparison

Neither BU nor MVLL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BU and MVLL in my portfolio?

BU and MVLL have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BU or MVLL?

On fees, BU is cheaper at 1.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BU or MVLL?

BU is cheaper with a 1.29% expense ratio, compared with 1.50% for MVLL.

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

BU and MVLL have nearly identical dividend yields, around 0.00%.

What is the main difference between BU and MVLL?

They also come from different issuers: Defiance and GraniteShares. Their fees differ too: 1.29% for BU and 1.50% for MVLL.