IREG vs. MVLL
IREG (Leverage Shares 2X Long IREN Daily ETF) and MVLL (GraniteShares 2x Long MRVL Daily ETF) are both Leveraged Equities funds. IREG is actively managed, while MVLL is passively managed. At a 0.39 correlation, their price movements are largely independent. IREG charges 0.75%/yr vs 1.50%/yr for MVLL.
Performance
IREG vs. MVLL - Performance Comparison
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Returns By Period
In the year-to-date period, IREG achieves a 24.82% return, which is significantly lower than MVLL's 776.39% return.
IREG
- 1D
- -10.49%
- 1M
- -8.52%
- YTD
- 24.82%
- 6M
- 0.52%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MVLL
- 1D
- -2.53%
- 1M
- 102.27%
- YTD
- 776.39%
- 6M
- 776.25%
- 1Y
- 797.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IREG vs. MVLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IREG Leverage Shares 2X Long IREN Daily ETF | 24.82% | 16.86% |
MVLL GraniteShares 2x Long MRVL Daily ETF | 776.39% | 0.62% |
Correlation
The correlation between IREG and MVLL is 0.39, 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 Dec 16, 2025 | 0.39 |
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Return for Risk
IREG vs. MVLL — Risk / Return Rank
IREG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MVLL
IREG vs. MVLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long IREN Daily ETF (IREG) 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.
| IREG | MVLL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.53 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 16.47 | — |
| Martin ratioReturn relative to average drawdown | — | 33.38 | — |
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Drawdowns
IREG vs. MVLL - Drawdown Comparison
The maximum IREG drawdown since its inception was -80.08%, which is greater than MVLL's maximum drawdown of -59.02%. Use the drawdown chart below to compare losses from any high point for IREG and MVLL.
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Drawdown Indicators
| IREG | MVLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.08% | -59.02% | -21.06% |
Max Drawdown (1Y)Largest decline over 1 year | — | -48.93% | — |
Current DrawdownCurrent decline from peak | -50.25% | -15.10% | -35.15% |
Average DrawdownAverage peak-to-trough decline | -44.08% | -22.37% | -21.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 24.09% | — |
Volatility
IREG vs. MVLL - Volatility Comparison
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Volatility by Period
| IREG | MVLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 83.43% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 111.00% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 208.41% | 144.07% | +64.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 208.41% | 146.42% | +61.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 208.41% | 146.42% | +61.99% |
IREG vs. MVLL - Expense Ratio Comparison
IREG has a 0.75% expense ratio, which is lower than MVLL's 1.50% expense ratio.
Dividends
IREG vs. MVLL - Dividend Comparison
Neither IREG nor MVLL has paid dividends to shareholders.
Frequently Asked Questions
IREG and MVLL have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IREG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IREG is cheaper with a 0.75% expense ratio, compared with 1.50% for MVLL.
IREG and MVLL have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and GraniteShares. Their fees differ too: 0.75% for IREG and 1.50% for MVLL.
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