GMEU vs. MVLL
GMEU (T-Rex 2X Long GME Daily Target ETF) and MVLL (GraniteShares 2x Long MRVL Daily ETF) are both Leveraged Equities funds. GMEU is actively managed, while MVLL is passively managed. Over the past year, GMEU returned -49.83% vs 598.83% for MVLL. At a 0.22 correlation, their price movements are largely independent. Both charge a 1.50% expense ratio.
Performance
GMEU vs. MVLL - Performance Comparison
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Returns By Period
In the year-to-date period, GMEU achieves a -13.20% return, which is significantly lower than MVLL's 621.98% return.
GMEU
- 1D
- -4.67%
- 1M
- -11.27%
- YTD
- -13.20%
- 6M
- -24.66%
- 1Y
- -49.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MVLL
- 1D
- 3.74%
- 1M
- 48.86%
- YTD
- 621.98%
- 6M
- 595.95%
- 1Y
- 598.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GMEU vs. MVLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GMEU T-Rex 2X Long GME Daily Target ETF | -13.20% | -65.67% |
MVLL GraniteShares 2x Long MRVL Daily ETF | 621.98% | 51.17% |
Correlation
The correlation between GMEU and MVLL is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | 0.22 |
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Return for Risk
GMEU vs. MVLL — Risk / Return Rank
GMEU
MVLL
GMEU vs. MVLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long GME Daily Target ETF (GMEU) 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.
| GMEU | MVLL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.88 | ||
| Sortino ratioReturn per unit of downside risk | -4.37 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.48 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 12.35 | -13.20 |
| Martin ratioReturn relative to average drawdown | -1.34 | 24.79 | -26.13 |
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Drawdowns
GMEU vs. MVLL - Drawdown Comparison
The maximum GMEU drawdown since its inception was -80.76%, which is greater than MVLL's maximum drawdown of -59.02%. Use the drawdown chart below to compare losses from any high point for GMEU and MVLL.
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Drawdown Indicators
| GMEU | MVLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.76% | -59.02% | -21.74% |
Max Drawdown (1Y)Largest decline over 1 year | -58.94% | -48.93% | -10.01% |
Current DrawdownCurrent decline from peak | -80.76% | -30.06% | -50.70% |
Average DrawdownAverage peak-to-trough decline | -63.80% | -22.46% | -41.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.17% | 24.33% | +12.84% |
Volatility
GMEU vs. MVLL - Volatility Comparison
The current volatility for T-Rex 2X Long GME Daily Target ETF (GMEU) is 17.85%, while GraniteShares 2x Long MRVL Daily ETF (MVLL) has a volatility of 86.62%. This indicates that GMEU 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.
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Volatility by Period
| GMEU | MVLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.85% | 86.62% | -68.77% |
Volatility (6M)Calculated over the trailing 6-month period | 55.54% | 113.26% | -57.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.14% | 144.62% | -73.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 87.98% | 146.85% | -58.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 87.98% | 146.85% | -58.87% |
GMEU vs. MVLL - Expense Ratio Comparison
Both GMEU and MVLL have an expense ratio of 1.50%.
Dividends
GMEU vs. MVLL - Dividend Comparison
Neither GMEU nor MVLL has paid dividends to shareholders.
Frequently Asked Questions
GMEU and MVLL have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MVLL has higher volatility (86.62%) compared to GMEU (17.85%). In terms of maximum drawdown, GMEU dropped -80.76% vs MVLL's -59.02%.
On 1-year performance, MVLL leads with 598.83% vs -49.83% for GMEU. Both ETFs have the same 1.50% expense ratio. On volatility, GMEU has been the lower-risk option at 17.85%. 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 598.83% return vs -49.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GMEU and MVLL have the same expense ratio: 1.50% per year.
GMEU and MVLL have nearly identical dividend yields, around 0.00%.
They also come from different issuers: T-Rex and GraniteShares.
MVLL currently has the higher Sharpe Ratio (4.18 vs -0.70), 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.
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