HODU vs. MVLL

Last updated Jun 4, 2026

HODU (Direxion Daily HOOD Bull 2X ETF) and MVLL (GraniteShares 2x Long MRVL Daily ETF) are both Leveraged Equities funds. HODU is actively managed, while MVLL is passively managed. At a 0.33 correlation, their price movements are largely independent. HODU charges 0.97%/yr vs 1.50%/yr for MVLL.

Performance

HODU vs. MVLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily HOOD Bull 2X ETF (HODU) and GraniteShares 2x Long MRVL Daily ETF (MVLL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HODU achieves a -60.56% return, which is significantly lower than MVLL's 842.68% return.

HODU

• 1D: -12.12%
• 1M: 10.35%
• YTD: -60.56%
• 6M: -72.71%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MVLL

• 1D: 7.14%
• 1M: 201.84%
• YTD: 842.68%
• 6M: 558.01%
• 1Y: 1,215.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HODU vs. MVLL - Yearly Performance Comparison

	2026 (YTD)	2025
HODU Direxion Daily HOOD Bull 2X ETF	-60.56%	-14.91%
MVLL GraniteShares 2x Long MRVL Daily ETF	842.68%	3.35%

Correlation

The correlation between HODU and MVLL is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025	0.33

Return for Risk

HODU vs. MVLL — Risk / Return Rank

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

MVLL

MVLL Risk / Return Rank: 96
MVLL Sharpe Ratio Rank: 99
MVLL Sortino Ratio Rank: 94
MVLL Omega Ratio Rank: 92
MVLL Calmar Ratio Rank: 99
MVLL Martin Ratio Rank: 97

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.

HODU vs. MVLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily HOOD Bull 2X ETF (HODU) 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.

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

Sharpe Ratios by Period

	HODU	MVLL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	9.23	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.60	3.33	-3.93

Drawdowns

HODU vs. MVLL - Drawdown Comparison

The maximum HODU drawdown since its inception was -81.62%, which is greater than MVLL's maximum drawdown of -59.02%. Use the drawdown chart below to compare losses from any high point for HODU and MVLL.

Drawdown Indicators

	HODU	MVLL	Difference
Max Drawdown Largest peak-to-trough decline	-81.62%	-59.02%	-22.60%
Max Drawdown (1Y) Largest decline over 1 year	—	-48.93%	—
Current Drawdown Current decline from peak	-74.01%	0.00%	-74.01%
Average Drawdown Average peak-to-trough decline	-56.30%	-22.42%	-33.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	23.46%	—

Volatility

Volatility by Period

	HODU	MVLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	60.78%	—
Volatility (6M) Calculated over the trailing 6-month period	—	96.08%	—
Volatility (1Y) Calculated over the trailing 1-year period	146.22%	133.11%	+13.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	146.22%	139.63%	+6.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	146.22%	139.63%	+6.59%

HODU vs. MVLL - Expense Ratio Comparison

HODU has a 0.97% expense ratio, which is lower than MVLL's 1.50% expense ratio.

Dividends

HODU vs. MVLL - Dividend Comparison

HODU's dividend yield for the trailing twelve months is around 1.58%, while MVLL has not paid dividends to shareholders.

Position	TTM	2025
HODU Direxion Daily HOOD Bull 2X ETF	1.58%	0.31%
MVLL GraniteShares 2x Long MRVL Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both HODU and MVLL in my portfolio?

HODU and MVLL have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HODU or MVLL?

On fees, HODU is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HODU or MVLL?

HODU is cheaper with a 0.97% expense ratio, compared with 1.50% for MVLL.

Which ETF pays a higher dividend yield, HODU or MVLL?

HODU has the higher dividend yield at 1.58%, compared with 0.00% for MVLL.

What is the main difference between HODU and MVLL?

They also come from different issuers: Direxion and GraniteShares. Their fees differ too: 0.97% for HODU and 1.50% for MVLL.