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FBGX vs. MULL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FBGX vs. MULL

Last updated Jun 24, 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.

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Returns By Period

FBGX

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

MULL

1D
-26.45%
1M
69.00%
YTD
780.13%
6M
832.94%
1Y
3,622.12%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FBGX vs. MULL - Yearly Performance Comparison

2026 (YTD)20252024
FBGX
UBS AG FI Enhanced Large Cap Growth ETN		0.00%0.00%0.00%
MULL
GraniteShares 2x Long MU Daily ETF		780.13%558.51%-39.23%

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%

-

Basic Materials

FBGX
0.0%
MULL

-

Communication Services

FBGX
0.0%
MULL

-

Consumer Cyclical

FBGX
0.0%
MULL

-

Consumer Defensive

FBGX
0.0%
MULL

-

Energy

FBGX
0.0%
MULL

-

Financial Services

FBGX
0.0%
MULL

-

Healthcare

FBGX
0.0%
MULL

-

Industrials

FBGX
0.0%
MULL

-

Real Estate

FBGX
0.0%
MULL

-

Technology

FBGX
0.0%
MULL
66.7%

Utilities

FBGX
0.0%
MULL

-

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UBS AG FI Enhanced Large Cap Growth ETN

GraniteShares 2x Long MU Daily ETF

Often compared with FBGX:
FBGX vs. FSELXFBGX vs. BPTRXFBGX vs. FBGKXFBGX vs. FXAIXFBGX vs. MSFBGX vs. BSGLXFBGX vs. MSEQX
Often compared with MULL:
MULL vs. MUUMULL vs. SOXLMULL vs. XXXXMULL vs. NFLUMULL vs. TECLMULL vs. DZZMULL vs. APPX

Return for Risk

FBGX vs. MULL — Risk / Return Rank

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

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

MULL
MULL Risk / Return Rank: 9898
Overall Rank
MULL Sharpe Ratio Rank: 100100
Sharpe Ratio Rank
MULL Sortino Ratio Rank: 9696
Sortino Ratio Rank
MULL Omega Ratio Rank: 9595
Omega Ratio Rank
MULL Calmar Ratio Rank: 100100
Calmar Ratio Rank
MULL Martin Ratio Rank: 9999
Martin Ratio Rank
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.

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.

FBGXMULLDifference
Sharpe ratioReturn per unit of total volatility

—

25.24

—

Sortino ratioReturn per unit of downside risk

—

5.61

—

Omega ratioGain probability vs. loss probability

—

1.71

—

Calmar ratioReturn relative to maximum drawdown

—

69.24

—

Martin ratioReturn relative to average drawdown

—

221.31

—

FBGX vs. MULL - Sharpe Ratio Comparison

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Drawdowns

FBGX vs. MULL - Drawdown Comparison

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Drawdown Indicators

FBGXMULLDifference

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

—

-26.45%

—

Average Drawdown

Average peak-to-trough decline

—

-20.52%

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

16.58%

—

Volatility

FBGX vs. MULL - Volatility Comparison

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Volatility by Period

FBGXMULLDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

74.91%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

119.83%

—

Volatility (1Y)

Calculated over the trailing 1-year period

—

145.72%

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

—

142.49%

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

—

142.49%

—

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%.

PositionTTM2025
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

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.

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

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

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

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