LMTL vs. MULL
LMTL (Direxion Daily LMT Bull 2X ETF) and MULL (GraniteShares 2x Long MU Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their -0.04 correlation means they have often moved in opposite directions in the past. LMTL charges 1.07%/yr vs 1.50%/yr for MULL.
Performance
LMTL vs. MULL - Performance Comparison
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Returns By Period
In the year-to-date period, LMTL achieves a 31.80% return, which is significantly lower than MULL's 359.36% return.
LMTL
- 1D
- 3.26%
- 1M
- 12.42%
- 6M
- -21.47%
- YTD
- 31.80%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
MULL
- 1D
- -11.97%
- 1M
- -36.10%
- 6M
- 129.44%
- YTD
- 359.36%
- 1Y
- 2,639.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 446.67%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.74M | $1.09M | $1.04M | |
| $191.48M | $219.09M | $265.13M |
LMTL vs. MULL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LMTL Direxion Daily LMT Bull 2X ETF | 31.80% | 20.96% |
MULL GraniteShares 2x Long MU Daily ETF | 359.36% | 449.67% |
Correlation
The correlation between LMTL and MULL is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 6, 2025 | -0.04 |
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Return for Risk
LMTL vs. MULL — Risk / Return Rank
LMTL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MULL
LMTL vs. MULL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily LMT Bull 2X ETF (LMTL) and GraniteShares 2x Long MU Daily ETF (MULL). 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.
| LMTL | MULL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.59 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 35.94 | — |
| Martin ratioReturn relative to average drawdown | — | 118.66 | — |
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Drawdowns
LMTL vs. MULL - Drawdown Comparison
The maximum LMTL drawdown since its inception was -49.46%, smaller than the maximum MULL drawdown of -72.29%. Use the drawdown chart below to compare losses from any high point for LMTL and MULL.
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Drawdown Indicators
| LMTL | MULL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.46% | -72.29% | +22.83% |
Max Drawdown (1Y)Largest decline over 1 year | — | -68.16% | — |
Current DrawdownCurrent decline from peak | -30.83% | -61.61% | +30.78% |
Average DrawdownAverage peak-to-trough decline | -18.06% | -21.86% | +3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 20.61% | — |
Volatility
LMTL vs. MULL - Volatility Comparison
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Volatility by Period
| LMTL | MULL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 61.67% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 135.25% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 54.40% | 162.81% | -108.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.40% | 149.74% | -95.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.40% | 149.74% | -95.34% |
LMTL vs. MULL - Expense Ratio Comparison
LMTL has a 1.07% expense ratio, which is lower than MULL's 1.50% expense ratio.
Dividends
LMTL vs. MULL - Dividend Comparison
LMTL's dividend yield for the trailing twelve months is around 3.46%, more than MULL's 0.08% yield.
| Position | TTM | 2025 |
|---|---|---|
LMTL Direxion Daily LMT Bull 2X ETF | 3.46% | 3.18% |
MULL GraniteShares 2x Long MU Daily ETF | 0.08% | 0.39% |
Frequently Asked Questions
LMTL and MULL have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LMTL is cheaper at 1.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LMTL is cheaper with a 1.07% expense ratio, compared with 1.50% for MULL.
LMTL has the higher dividend yield at 3.46%, compared with 0.08% for MULL.
They also come from different issuers: Direxion and GraniteShares. Their fees differ too: 1.07% for LMTL and 1.50% for MULL.
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