CRCA vs. MVLL
CRCA (ProShares Ultra CRCL) and MVLL (GraniteShares 2x Long MRVL Daily ETF) are both Leveraged Equities funds. CRCA is actively managed, while MVLL is passively managed. At a 0.22 correlation, their price movements are largely independent. CRCA charges 0.95%/yr vs 1.50%/yr for MVLL.
Performance
CRCA vs. MVLL - Performance Comparison
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Returns By Period
In the year-to-date period, CRCA achieves a -25.37% return, which is significantly lower than MVLL's 842.68% return.
CRCA
- 1D
- -20.86%
- 1M
- -48.25%
- YTD
- -25.37%
- 6M
- -39.99%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MVLL
- 1D
- 7.14%
- 1M
- 201.84%
- YTD
- 842.68%
- 6M
- 558.01%
- 1Y
- 1,215.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CRCA vs. MVLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRCA ProShares Ultra CRCL | -25.37% | -81.81% |
MVLL GraniteShares 2x Long MRVL Daily ETF | 842.68% | 1.22% |
Correlation
The correlation between CRCA and MVLL is 0.22, 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 Aug 8, 2025 | 0.22 |
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Return for Risk
CRCA vs. MVLL — Risk / Return Rank
CRCA
MVLL
CRCA vs. MVLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra CRCL (CRCA) 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
| CRCA | 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 | -0.47 | 3.33 | -3.80 |
Drawdowns
CRCA vs. MVLL - Drawdown Comparison
The maximum CRCA drawdown since its inception was -94.02%, which is greater than MVLL's maximum drawdown of -59.02%. Use the drawdown chart below to compare losses from any high point for CRCA and MVLL.
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Drawdown Indicators
| CRCA | MVLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.02% | -59.02% | -35.00% |
Max Drawdown (1Y)Largest decline over 1 year | — | -48.93% | — |
Current DrawdownCurrent decline from peak | -87.98% | 0.00% | -87.98% |
Average DrawdownAverage peak-to-trough decline | -69.26% | -22.42% | -46.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 23.46% | — |
Volatility
CRCA vs. MVLL - Volatility Comparison
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Volatility by Period
| CRCA | 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 | 196.79% | 133.11% | +63.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 196.79% | 139.63% | +57.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 196.79% | 139.63% | +57.16% |
CRCA vs. MVLL - Expense Ratio Comparison
CRCA has a 0.95% expense ratio, which is lower than MVLL's 1.50% expense ratio.
Dividends
CRCA vs. MVLL - Dividend Comparison
CRCA's dividend yield for the trailing twelve months is around 2.32%, while MVLL has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
CRCA ProShares Ultra CRCL | 2.32% | 1.06% |
MVLL GraniteShares 2x Long MRVL Daily ETF | 0.00% | 0.00% |
Frequently Asked Questions
CRCA and MVLL 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.
On fees, CRCA is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CRCA is cheaper with a 0.95% expense ratio, compared with 1.50% for MVLL.
CRCA has the higher dividend yield at 2.32%, compared with 0.00% for MVLL.
They also come from different issuers: ProShares and GraniteShares. Their fees differ too: 0.95% for CRCA and 1.50% for MVLL.
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