ISUL vs. MVLL

Last updated Jun 4, 2026

ISUL (GraniteShares 2X Long ISRG Daily ETF) and MVLL (GraniteShares 2x Long MRVL Daily ETF) are both Leveraged Equities funds from GraniteShares. ISUL is actively managed, while MVLL is passively managed. At a 0.25 correlation, their price movements are largely independent. Both charge a 1.50% expense ratio.

Performance

ISUL vs. MVLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2X Long ISRG Daily ETF (ISUL) 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, ISUL achieves a -52.15% return, which is significantly lower than MVLL's 842.68% return.

ISUL

• 1D: 2.45%
• 1M: -20.59%
• YTD: -52.15%
• 6M: -53.16%
• 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)

ISUL vs. MVLL - Yearly Performance Comparison

	2026 (YTD)	2025
ISUL GraniteShares 2X Long ISRG Daily ETF	-52.15%	56.51%
MVLL GraniteShares 2x Long MRVL Daily ETF	842.68%	-14.47%

Correlation

The correlation between ISUL and MVLL is 0.25, 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 Oct 8, 2025	0.25

Return for Risk

ISUL 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.

ISUL vs. MVLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2X Long ISRG Daily ETF (ISUL) 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

	ISUL	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	-0.54	3.33	-3.87

Drawdowns

ISUL vs. MVLL - Drawdown Comparison

The maximum ISUL drawdown since its inception was -57.20%, roughly equal to the maximum MVLL drawdown of -59.02%. Use the drawdown chart below to compare losses from any high point for ISUL and MVLL.

Drawdown Indicators

	ISUL	MVLL	Difference
Max Drawdown Largest peak-to-trough decline	-57.20%	-59.02%	+1.82%
Max Drawdown (1Y) Largest decline over 1 year	—	-48.93%	—
Current Drawdown Current decline from peak	-56.15%	0.00%	-56.15%
Average Drawdown Average peak-to-trough decline	-24.10%	-22.42%	-1.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	23.46%	—

Volatility

Volatility by Period

	ISUL	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	66.65%	133.11%	-66.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.65%	139.63%	-72.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.65%	139.63%	-72.98%

ISUL vs. MVLL - Expense Ratio Comparison

Both ISUL and MVLL have an expense ratio of 1.50%.

Dividends

ISUL vs. MVLL - Dividend Comparison

Neither ISUL nor MVLL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ISUL and MVLL in my portfolio?

ISUL and MVLL have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ISUL or MVLL?

Both ETFs have the same 1.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ISUL or MVLL?

ISUL and MVLL have the same expense ratio: 1.50% per year.

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

ISUL and MVLL have nearly identical dividend yields, around 0.00%.