HDLB vs. MVLL
HDLB (ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B) and MVLL (GraniteShares 2x Long MRVL Daily ETF) are both Leveraged Equities funds - HDLB tracks the Solactive US High Dividend Low Volatility (USD)(TR) (200%) while MVLL tracks the Marvell Technology Inc. (MRVL). Both are passively managed. Over the past year, HDLB returned 27.43% vs 214.08% for MVLL. Their -0.14 correlation means they have often moved in opposite directions in the past. HDLB charges 1.65%/yr vs 1.50%/yr for MVLL.
Performance
HDLB vs. MVLL - Performance Comparison
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Returns By Period
In the year-to-date period, HDLB achieves a 25.86% return, which is significantly lower than MVLL's 201.58% return.
HDLB
- 1D
- 0.59%
- 1M
- 6.90%
- 6M
- 10.29%
- YTD
- 25.86%
- 1Y
- 27.43%
- 3Y*
- 31.59%
- 5Y*
- 14.45%
- 10Y*
- —
- ALL TIME*
- 6.24%
MVLL
- 1D
- 6.44%
- 1M
- -42.95%
- 6M
- 261.07%
- YTD
- 201.58%
- 1Y
- 214.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 105.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $43.33K | $56.22K | $58.39K | |
| $63.09M | $77.96M | $272.59M |
HDLB vs. MVLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B | 25.86% | 9.15% |
MVLL GraniteShares 2x Long MRVL Daily ETF | 201.58% | -8.44% |
Correlation
The correlation between HDLB and MVLL is -0.21, 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. | -0.21 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2025 | -0.14 |
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Return for Risk
HDLB vs. MVLL — Risk / Return Rank
HDLB
MVLL
HDLB vs. MVLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) 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.
| HDLB | MVLL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.32 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 2.73 | -1.03 |
| Martin ratioReturn relative to average drawdown | 3.66 | 7.12 | -3.46 |
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Drawdowns
HDLB vs. MVLL - Drawdown Comparison
The maximum HDLB drawdown since its inception was -78.70%, roughly equal to the maximum MVLL drawdown of -78.87%. Use the drawdown chart below to compare losses from any high point for HDLB and MVLL.
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Drawdown Indicators
| HDLB | MVLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.70% | -78.87% | +0.17% |
Max Drawdown (1Y)Largest decline over 1 year | -16.17% | -78.87% | +62.70% |
Max Drawdown (3Y)Largest decline over 3 years | -20.94% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -43.81% | — | — |
Current DrawdownCurrent decline from peak | -5.07% | -70.79% | +65.72% |
Average DrawdownAverage peak-to-trough decline | -26.99% | -25.16% | -1.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.52% | 30.22% | -22.70% |
Volatility
HDLB vs. MVLL - Volatility Comparison
The current volatility for ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) is 11.18%, while GraniteShares 2x Long MRVL Daily ETF (MVLL) has a volatility of 53.07%. This indicates that HDLB 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
| HDLB | MVLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.18% | 53.07% | -41.89% |
Volatility (6M)Calculated over the trailing 6-month period | 21.85% | 129.02% | -107.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.69% | 155.21% | -126.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.07% | 150.97% | -119.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.42% | 150.97% | -107.55% |
HDLB vs. MVLL - Expense Ratio Comparison
HDLB has a 1.65% expense ratio, which is higher than MVLL's 1.50% expense ratio.
Dividends
HDLB vs. MVLL - Dividend Comparison
HDLB's dividend yield for the trailing twelve months is around 10.13%, while MVLL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B | 10.13% | 12.20% | 10.09% | 12.36% | 10.86% | 8.07% | 16.23% | 0.97% |
MVLL GraniteShares 2x Long MRVL Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HDLB and MVLL have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MVLL has higher volatility (53.07%) compared to HDLB (11.18%). In terms of maximum drawdown, HDLB dropped -78.70% vs MVLL's -78.87%.
On 1-year performance, MVLL leads with 214.08% vs 27.43% for HDLB. On fees, MVLL is cheaper at 1.50% per year. On volatility, HDLB has been the lower-risk option at 11.18%. 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 214.08% return vs 27.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MVLL is cheaper with a 1.50% expense ratio, compared with 1.65% for HDLB.
HDLB has the higher dividend yield at 10.13%, compared with 0.00% for MVLL.
HDLB tracks Solactive US High Dividend Low Volatility (USD)(TR) (200%), while MVLL tracks Marvell Technology Inc. (MRVL). They also come from different issuers: UBS and GraniteShares. Their fees differ too: 1.65% for HDLB and 1.50% for MVLL.
MVLL currently has the higher Sharpe Ratio (1.39 vs 0.96), 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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