CRWU vs. MVLL

Last updated Jul 17, 2026

CRWU (T-REX 2X Long CRWV Daily Target ETF) and MVLL (GraniteShares 2x Long MRVL Daily ETF) are both Leveraged Equities funds. CRWU is actively managed, while MVLL is passively managed. At a 0.39 correlation, their price movements are largely independent. Both charge a 1.50% expense ratio.

Performance

CRWU vs. MVLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Long CRWV Daily Target ETF (CRWU) 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, CRWU achieves a -38.57% return, which is significantly lower than MVLL's 199.76% return.

CRWU

• 1D: -10.95%
• 1M: -63.84%
• 6M: -63.94%
• YTD: -38.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MVLL

• 1D: 0.23%
• 1M: -61.62%
• 6M: 239.10%
• YTD: 199.76%
• 1Y: 226.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CRWU vs. MVLL - Yearly Performance Comparison

	2026 (YTD)	2025
CRWU T-REX 2X Long CRWV Daily Target ETF	-38.57%	-77.60%
MVLL GraniteShares 2x Long MRVL Daily ETF	199.76%	3.93%

Correlation

The correlation between CRWU 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 Jul 25, 2025	0.39

Return for Risk

CRWU vs. MVLL — Risk / Return Rank

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

CRWU

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

MVLL

MVLL Risk / Return Rank: 67
MVLL Sharpe Ratio Rank: 57
MVLL Sortino Ratio Rank: 69
MVLL Omega Ratio Rank: 71
MVLL Calmar Ratio Rank: 79
MVLL Martin Ratio Rank: 62

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.

CRWU vs. MVLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long CRWV Daily Target ETF (CRWU) 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.

	CRWU	MVLL	Difference
Sharpe ratio: Return per unit of total volatility	—	1.50	—
Sortino ratio: Return per unit of downside risk	—	2.45	—
Omega ratio: Gain probability vs. loss probability	—	1.33	—
Calmar ratio: Return relative to maximum drawdown	—	3.21	—
Martin ratio: Return relative to average drawdown	—	8.40	—

Drawdowns

CRWU vs. MVLL - Drawdown Comparison

The maximum CRWU drawdown since its inception was -90.83%, which is greater than MVLL's maximum drawdown of -71.03%. Use the drawdown chart below to compare losses from any high point for CRWU and MVLL.

Drawdown Indicators

	CRWU	MVLL	Difference
Max Drawdown Largest peak-to-trough decline	-90.83%	-71.03%	-19.80%
Max Drawdown (1Y) Largest decline over 1 year	—	-71.03%	—
Current Drawdown Current decline from peak	-90.83%	-70.96%	-19.87%
Average Drawdown Average peak-to-trough decline	-67.41%	-23.70%	-43.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	27.10%	—

Volatility

Volatility by Period

	CRWU	MVLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	55.65%	—
Volatility (6M) Calculated over the trailing 6-month period	—	123.85%	—
Volatility (1Y) Calculated over the trailing 1-year period	188.74%	151.63%	+37.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	188.74%	149.67%	+39.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	188.74%	149.67%	+39.07%

CRWU vs. MVLL - Expense Ratio Comparison

Both CRWU and MVLL have an expense ratio of 1.50%.

Dividends

CRWU vs. MVLL - Dividend Comparison

CRWU's dividend yield for the trailing twelve months is around 13.85%, while MVLL has not paid dividends to shareholders.

Position	TTM	2025
CRWU T-REX 2X Long CRWV Daily Target ETF	13.85%	8.51%
MVLL GraniteShares 2x Long MRVL Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both CRWU and MVLL in my portfolio?

CRWU 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, CRWU or MVLL?

Both ETFs have the same 1.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CRWU or MVLL?

CRWU and MVLL have the same expense ratio: 1.50% per year.

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

CRWU has the higher dividend yield at 13.85%, compared with 0.00% for MVLL.

What is the main difference between CRWU and MVLL?

They also come from different issuers: T-Rex and GraniteShares.