FBGX vs. MULL

Last updated Jun 3, 2026

FBGX (UBS AG FI Enhanced Large Cap Growth ETN) and MULL (GraniteShares 2x Long MU Daily ETF) are both Leveraged Equities funds. FBGX is passively managed, while MULL is actively managed. FBGX charges 1.29%/yr vs 1.50%/yr for MULL.

Performance

FBGX vs. MULL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in UBS AG FI Enhanced Large Cap Growth ETN (FBGX) and GraniteShares 2x Long MU Daily ETF (MULL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FBGX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MULL

• 1D: 5.57%
• 1M: 246.94%
• YTD: 907.48%
• 6M: 1,268.17%
• 1Y: 6,388.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FBGX vs. MULL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FBGX UBS AG FI Enhanced Large Cap Growth ETN	0.00%	0.00%	0.00%
MULL GraniteShares 2x Long MU Daily ETF	907.48%	558.51%	-40.10%

FBGX vs. MULL - Sectors Allocation Comparison

Sectors	FBGX	MULL
Basic Materials	0.0%	-
Communication Services	0.0%	-
Consumer Cyclical	0.0%	-
Consumer Defensive	0.0%	-
Energy	0.0%	-
Financial Services	0.0%	-
Healthcare	0.0%	-
Industrials	0.0%	-
Real Estate	0.0%	-
Technology	0.0%	66.7%
Utilities	0.0%	-

Return for Risk

FBGX vs. MULL — Risk / Return Rank

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

MULL

MULL Risk / Return Rank: 99
MULL Sharpe Ratio Rank: 100
MULL Sortino Ratio Rank: 98
MULL Omega Ratio Rank: 97
MULL Calmar Ratio Rank: 100
MULL Martin Ratio Rank: 100

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.

FBGX vs. MULL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS AG FI Enhanced Large Cap Growth ETN (FBGX) and GraniteShares 2x Long MU Daily ETF (MULL). 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

	FBGX	MULL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	49.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	7.34	—

Drawdowns

Drawdown Indicators

	FBGX	MULL	Difference
Max Drawdown Largest peak-to-trough decline	—	-72.29%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-53.09%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-20.67%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	15.79%	—

Volatility

Volatility by Period

	FBGX	MULL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	55.71%	—
Volatility (6M) Calculated over the trailing 6-month period	—	105.59%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	132.53%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	136.39%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	136.39%	—

FBGX vs. MULL - Expense Ratio Comparison

FBGX has a 1.29% expense ratio, which is lower than MULL's 1.50% expense ratio.

Dividends

FBGX vs. MULL - Dividend Comparison

FBGX has not paid dividends to shareholders, while MULL's dividend yield for the trailing twelve months is around 0.04%.

Position	TTM	2025
FBGX UBS AG FI Enhanced Large Cap Growth ETN	0.00%	0.00%
MULL GraniteShares 2x Long MU Daily ETF	0.04%	0.39%

Frequently Asked Questions

Which ETF is better, FBGX or MULL?

On fees, FBGX 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, FBGX or MULL?

FBGX is cheaper with a 1.29% expense ratio, compared with 1.50% for MULL.

Which ETF pays a higher dividend yield, FBGX or MULL?

MULL has the higher dividend yield at 0.04%, compared with 0.00% for FBGX.

What is the main difference between FBGX and MULL?

They also come from different issuers: UBS and GraniteShares. Their fees differ too: 1.29% for FBGX and 1.50% for MULL.