DNNG vs. MVLL

Last updated Jul 17, 2026

DNNG (Leverage Shares 2X Long DNN Daily ETF) and MVLL (GraniteShares 2x Long MRVL Daily ETF) are both Leveraged Equities funds - DNNG tracks the Denison Mines Corp. (DNN) while MVLL tracks the Marvell Technology Inc. (MRVL). Both are passively managed. At a 0.33 correlation, their price movements are largely independent. DNNG charges 0.75%/yr vs 1.50%/yr for MVLL.

Performance

DNNG vs. MVLL - Performance Comparison

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

Returns By Period

DNNG

• 1D: -16.12%
• 1M: -30.52%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MVLL

• 1D: -17.84%
• 1M: -58.68%
• 6M: 236.72%
• YTD: 199.07%
• 1Y: 236.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DNNG vs. MVLL - Yearly Performance Comparison

	2026 (YTD)
DNNG Leverage Shares 2X Long DNN Daily ETF	-60.13%
MVLL GraniteShares 2x Long MRVL Daily ETF	230.83%

Correlation

The correlation between DNNG and MVLL is 0.33, 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 10, 2026	0.33

Return for Risk

DNNG vs. MVLL — Risk / Return Rank

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

DNNG

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

MVLL

MVLL Risk / Return Rank: 68
MVLL Sharpe Ratio Rank: 59
MVLL Sortino Ratio Rank: 68
MVLL Omega Ratio Rank: 70
MVLL Calmar Ratio Rank: 80
MVLL Martin Ratio Rank: 63

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.

DNNG vs. MVLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long DNN Daily ETF (DNNG) 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.

	DNNG	MVLL	Difference
Sharpe ratio: Return per unit of total volatility	—	1.57	—
Sortino ratio: Return per unit of downside risk	—	2.49	—
Omega ratio: Gain probability vs. loss probability	—	1.33	—
Calmar ratio: Return relative to maximum drawdown	—	3.35	—
Martin ratio: Return relative to average drawdown	—	8.89	—

Drawdowns

DNNG vs. MVLL - Drawdown Comparison

The maximum DNNG drawdown since its inception was -66.75%, smaller than the maximum MVLL drawdown of -71.03%. Use the drawdown chart below to compare losses from any high point for DNNG and MVLL.

Drawdown Indicators

	DNNG	MVLL	Difference
Max Drawdown Largest peak-to-trough decline	-66.75%	-71.03%	+4.28%
Max Drawdown (1Y) Largest decline over 1 year	—	-71.03%	—
Current Drawdown Current decline from peak	-66.75%	-71.03%	+4.28%
Average Drawdown Average peak-to-trough decline	-37.61%	-23.57%	-14.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	26.72%	—

Volatility

Volatility by Period

	DNNG	MVLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	58.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	123.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	116.35%	151.72%	-35.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	116.35%	149.89%	-33.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	116.35%	149.89%	-33.54%

DNNG vs. MVLL - Expense Ratio Comparison

DNNG has a 0.75% expense ratio, which is lower than MVLL's 1.50% expense ratio.

Dividends

DNNG vs. MVLL - Dividend Comparison

Neither DNNG nor MVLL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DNNG and MVLL in my portfolio?

DNNG and MVLL have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DNNG or MVLL?

On fees, DNNG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DNNG or MVLL?

DNNG is cheaper with a 0.75% expense ratio, compared with 1.50% for MVLL.

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

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

What is the main difference between DNNG and MVLL?

DNNG tracks Denison Mines Corp. (DNN), while MVLL tracks Marvell Technology Inc. (MRVL). They also come from different issuers: Leverage Shares and GraniteShares. Their fees differ too: 0.75% for DNNG and 1.50% for MVLL.