COHX vs. MVLL

Last updated Jul 11, 2026

COHX (Tradr 2X Long COHR Daily ETF) and MVLL (GraniteShares 2x Long MRVL Daily ETF) are both Leveraged Equities funds - COHX tracks the Coherent Corp. while MVLL tracks the Marvell Technology Inc. (MRVL). Both are passively managed. A 0.57 correlation means they provide meaningful diversification when combined. COHX charges 1.49%/yr vs 1.50%/yr for MVLL.

Performance

COHX vs. MVLL - Performance Comparison

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

Returns By Period

COHX

• 1D: -1.81%
• 1M: -34.20%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MVLL

• 1D: -6.32%
• 1M: -35.60%
• 6M: 406.60%
• YTD: 381.49%
• 1Y: 416.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

COHX vs. MVLL - Yearly Performance Comparison

	2026 (YTD)
COHX Tradr 2X Long COHR Daily ETF	53.04%
MVLL GraniteShares 2x Long MRVL Daily ETF	479.94%

Correlation

The correlation between COHX and MVLL is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 19, 2026	0.57

Return for Risk

COHX vs. MVLL — Risk / Return Rank

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

COHX

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

MVLL

MVLL Risk / Return Rank: 90
MVLL Sharpe Ratio Rank: 94
MVLL Sortino Ratio Rank: 85
MVLL Omega Ratio Rank: 85
MVLL Calmar Ratio Rank: 96
MVLL Martin Ratio Rank: 90

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.

COHX vs. MVLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long COHR Daily ETF (COHX) 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.

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.

	COHX	MVLL	Difference
Sharpe ratio: Return per unit of total volatility	—	2.75	—
Sortino ratio: Return per unit of downside risk	—	3.01	—
Omega ratio: Gain probability vs. loss probability	—	1.41	—
Calmar ratio: Return relative to maximum drawdown	—	7.44	—
Martin ratio: Return relative to average drawdown	—	16.04	—

Drawdowns

COHX vs. MVLL - Drawdown Comparison

The maximum COHX drawdown since its inception was -51.92%, smaller than the maximum MVLL drawdown of -59.02%. Use the drawdown chart below to compare losses from any high point for COHX and MVLL.

Drawdown Indicators

	COHX	MVLL	Difference
Max Drawdown Largest peak-to-trough decline	-51.92%	-59.02%	+7.10%
Max Drawdown (1Y) Largest decline over 1 year	—	-55.06%	—
Current Drawdown Current decline from peak	-48.75%	-53.36%	+4.61%
Average Drawdown Average peak-to-trough decline	-19.69%	-23.09%	+3.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	25.49%	—

Volatility

Volatility by Period

	COHX	MVLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	62.41%	—
Volatility (6M) Calculated over the trailing 6-month period	—	119.75%	—
Volatility (1Y) Calculated over the trailing 1-year period	183.56%	148.83%	+34.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	183.56%	148.62%	+34.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	183.56%	148.62%	+34.94%

COHX vs. MVLL - Expense Ratio Comparison

COHX has a 1.49% expense ratio, which is lower than MVLL's 1.50% expense ratio.

Dividends

COHX vs. MVLL - Dividend Comparison

Neither COHX nor MVLL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both COHX and MVLL in my portfolio?

COHX and MVLL have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, COHX or MVLL?

On fees, COHX is cheaper at 1.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, COHX or MVLL?

COHX is cheaper with a 1.49% expense ratio, compared with 1.50% for MVLL.

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

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

What is the main difference between COHX and MVLL?

COHX tracks Coherent Corp., while MVLL tracks Marvell Technology Inc. (MRVL). They also come from different issuers: Tradr and GraniteShares. Their fees differ too: 1.49% for COHX and 1.50% for MVLL.