FXP vs. MVLL
FXP (ProShares UltraShort FTSE China 50) and MVLL (GraniteShares 2x Long MRVL Daily ETF) are both exchange-traded funds - FXP is a China Equities fund tracking the FTSE China 50 Net Tax USD (TR) (-200%), while MVLL is a Leveraged Equities fund tracking the Marvell Technology Inc. (MRVL). Both are passively managed. Over the past year, FXP returned -1.26% vs 277.00% for MVLL. Their -0.30 correlation means they have often moved in opposite directions in the past. FXP charges 0.95%/yr vs 1.50%/yr for MVLL.
Performance
FXP vs. MVLL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FXP achieves a 6.18% return, which is significantly lower than MVLL's 280.04% return.
FXP
- 1D
- 0.44%
- 1M
- -23.97%
- 6M
- 9.78%
- YTD
- 6.18%
- 1Y
- -1.26%
- 3Y*
- -27.96%
- 5Y*
- -21.08%
- 10Y*
- -22.22%
- ALL TIME*
- -28.45%
MVLL
- 1D
- 26.02%
- 1M
- -28.10%
- 6M
- 394.02%
- YTD
- 280.04%
- 1Y
- 277.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 142.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $103.24K | $95.91K | $96.09K | |
| $70.88M | $81.45M | $274.22M |
FXP vs. MVLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FXP ProShares UltraShort FTSE China 50 | 6.18% | -17.70% |
MVLL GraniteShares 2x Long MRVL Daily ETF | 280.04% | -8.44% |
Correlation
The correlation between FXP and MVLL is -0.29, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.29 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2025 | -0.30 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FXP vs. MVLL — Risk / Return Rank
FXP
MVLL
FXP vs. MVLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort FTSE China 50 (FXP) 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.
| FXP | MVLL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.81 | ||
| Sortino ratioReturn per unit of downside risk | -2.38 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.35 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 3.54 | -3.59 |
| Martin ratioReturn relative to average drawdown | -0.11 | 9.14 | -9.24 |
Loading charts...
Drawdowns
FXP vs. MVLL - Drawdown Comparison
The maximum FXP drawdown since its inception was -99.94%, which is greater than MVLL's maximum drawdown of -78.87%. Use the drawdown chart below to compare losses from any high point for FXP and MVLL.
Loading charts...
Drawdown Indicators
| FXP | MVLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.94% | -78.87% | -21.07% |
Max Drawdown (1Y)Largest decline over 1 year | -25.65% | -78.87% | +53.22% |
Max Drawdown (3Y)Largest decline over 3 years | -82.34% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -87.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -93.56% | — | — |
Current DrawdownCurrent decline from peak | -99.92% | -63.19% | -36.73% |
Average DrawdownAverage peak-to-trough decline | -94.18% | -25.27% | -68.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.62% | 30.48% | -18.86% |
Volatility
FXP vs. MVLL - Volatility Comparison
The current volatility for ProShares UltraShort FTSE China 50 (FXP) is 10.97%, while GraniteShares 2x Long MRVL Daily ETF (MVLL) has a volatility of 58.82%. This indicates that FXP experiences smaller price fluctuations and is considered to be less risky than MVLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FXP | MVLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.97% | 58.82% | -47.85% |
Volatility (6M)Calculated over the trailing 6-month period | 29.41% | 130.88% | -101.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.60% | 156.92% | -116.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.72% | 152.26% | -89.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.81% | 152.26% | -97.45% |
FXP vs. MVLL - Expense Ratio Comparison
FXP has a 0.95% expense ratio, which is lower than MVLL's 1.50% expense ratio.
Dividends
FXP vs. MVLL - Dividend Comparison
FXP's dividend yield for the trailing twelve months is around 3.39%, while MVLL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FXP ProShares UltraShort FTSE China 50 | 3.39% | 9.57% | 3.55% | 2.20% | 0.06% | 0.00% | 0.06% | 1.20% | 0.16% |
MVLL GraniteShares 2x Long MRVL Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FXP and MVLL have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MVLL has higher volatility (58.82%) compared to FXP (10.97%). In terms of maximum drawdown, FXP dropped -99.94% vs MVLL's -78.87%.
On 1-year performance, MVLL leads with 277.00% vs -1.26% for FXP. On fees, FXP is cheaper at 0.95% per year. On volatility, FXP has been the lower-risk option at 10.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MVLL has performed better with a 277.00% return vs -1.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FXP is cheaper with a 0.95% expense ratio, compared with 1.50% for MVLL.
FXP has the higher dividend yield at 3.39%, compared with 0.00% for MVLL.
FXP is categorized as China Equities, while MVLL is Leveraged Equities. FXP tracks FTSE China 50 Net Tax USD (TR) (-200%), while MVLL tracks Marvell Technology Inc. (MRVL). They also come from different issuers: ProShares and GraniteShares. Their fees differ too: 0.95% for FXP and 1.50% for MVLL.
MVLL currently has the higher Sharpe Ratio (1.78 vs -0.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for FXP and MVLL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer