LMTL vs. MVLL
LMTL (Direxion Daily LMT Bull 2X ETF) and MVLL (GraniteShares 2x Long MRVL Daily ETF) are both Leveraged Equities funds. LMTL is actively managed, while MVLL is passively managed. Their -0.06 correlation means they have often moved in opposite directions in the past. LMTL charges 1.07%/yr vs 1.50%/yr for MVLL.
Performance
LMTL vs. MVLL - 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 MVLL's 183.32% return.
LMTL
- 1D
- 3.26%
- 1M
- 12.42%
- 6M
- -21.47%
- YTD
- 31.80%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
MVLL
- 1D
- 4.74%
- 1M
- -46.40%
- 6M
- 236.40%
- YTD
- 183.32%
- 1Y
- 195.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 97.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.74M | $1.09M | $1.04M | |
| $64.72M | $85.12M | $269.82M |
LMTL vs. MVLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LMTL Direxion Daily LMT Bull 2X ETF | 31.80% | 20.96% |
MVLL GraniteShares 2x Long MRVL Daily ETF | 183.32% | -1.25% |
Correlation
The correlation between LMTL and MVLL is -0.06, 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 | -0.06 |
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Return for Risk
LMTL vs. MVLL — Risk / Return Rank
LMTL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MVLL
LMTL vs. MVLL - 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 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.
| LMTL | MVLL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.94 | — |
| Martin ratioReturn relative to average drawdown | — | 5.10 | — |
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Drawdowns
LMTL vs. MVLL - Drawdown Comparison
The maximum LMTL drawdown since its inception was -49.46%, smaller than the maximum MVLL drawdown of -78.87%. Use the drawdown chart below to compare losses from any high point for LMTL and MVLL.
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Drawdown Indicators
| LMTL | MVLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.46% | -78.87% | +29.41% |
Max Drawdown (1Y)Largest decline over 1 year | — | -78.87% | — |
Current DrawdownCurrent decline from peak | -30.83% | -72.55% | +41.72% |
Average DrawdownAverage peak-to-trough decline | -18.06% | -25.03% | +6.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 30.22% | — |
Volatility
LMTL vs. MVLL - Volatility Comparison
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Volatility by Period
| LMTL | MVLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 55.64% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 129.12% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 54.40% | 155.64% | -101.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.40% | 151.11% | -96.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.40% | 151.11% | -96.71% |
LMTL vs. MVLL - Expense Ratio Comparison
LMTL has a 1.07% expense ratio, which is lower than MVLL's 1.50% expense ratio.
Dividends
LMTL vs. MVLL - Dividend Comparison
LMTL's dividend yield for the trailing twelve months is around 3.46%, while MVLL has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
LMTL Direxion Daily LMT Bull 2X ETF | 3.46% | 3.18% |
MVLL GraniteShares 2x Long MRVL Daily ETF | 0.00% | 0.00% |
Frequently Asked Questions
LMTL and MVLL have a correlation of -0.06, 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 MVLL.
LMTL has the higher dividend yield at 3.46%, compared with 0.00% for MVLL.
They also come from different issuers: Direxion and GraniteShares. Their fees differ too: 1.07% for LMTL and 1.50% for MVLL.
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