FBGX vs. MULL

Last updated Apr 2, 2026

Compare and contrast key facts about UBS AG FI Enhanced Large Cap Growth ETN (FBGX) and GraniteShares 2x Long MU Daily ETF (MULL).

FBGX and MULL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FBGX is a passively managed fund by UBS that tracks the performance of the Russell 1000 Growth Index (200%). It was launched on Jun 11, 2014. MULL is an actively managed fund by GraniteShares. It was launched on Nov 11, 2024.

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.

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	40.10%	558.51%	-40.10%

Returns By Period

FBGX

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

MULL

• 1D: 18.15%
• 1M: -25.99%
• YTD: 40.10%
• 6M: 196.67%
• 1Y: 845.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FBGX vs. MULL - Expense Ratio Comparison

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

MULL

GraniteShares 2x Long MU Daily ETF

FBGX

UBS AG FI Enhanced Large Cap Growth ETN

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: 98
MULL Sharpe Ratio Rank: 99
MULL Sortino Ratio Rank: 97
MULL Omega Ratio Rank: 96
MULL Calmar Ratio Rank: 99
MULL Martin Ratio Rank: 99

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	—	6.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.91	—

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 0.28%.

	TTM	2025
FBGX UBS AG FI Enhanced Large Cap Growth ETN	0.00%	0.00%
MULL GraniteShares 2x Long MU Daily ETF	0.28%	0.39%

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	—	-39.05%	—
Average Drawdown Average peak-to-trough decline	—	-21.99%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	18.92%	—

Volatility

Volatility by Period

	FBGX	MULL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	47.87%	—
Volatility (6M) Calculated over the trailing 6-month period	—	99.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	130.90%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	130.06%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	130.06%	—