LRCU vs. MULL

Last updated Jun 3, 2026

LRCU (Tradr 2X Long LRCX Daily ETF) and MULL (GraniteShares 2x Long MU Daily ETF) are both Leveraged Equities funds. Both are actively managed. A 0.68 correlation means they provide meaningful diversification when combined. LRCU charges 1.30%/yr vs 1.50%/yr for MULL.

Performance

LRCU vs. MULL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long LRCX Daily ETF (LRCU) and GraniteShares 2x Long MU Daily ETF (MULL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LRCU achieves a 216.82% return, which is significantly lower than MULL's 907.48% return.

LRCU

• 1D: 11.16%
• 1M: 63.66%
• YTD: 216.82%
• 6M: 265.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MULL

• 1D: 5.57%
• 1M: 246.94%
• YTD: 907.48%
• 6M: 1,268.17%
• 1Y: 6,388.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LRCU vs. MULL - Yearly Performance Comparison

	2026 (YTD)	2025
LRCU Tradr 2X Long LRCX Daily ETF	216.82%	162.61%
MULL GraniteShares 2x Long MU Daily ETF	907.48%	347.42%

Correlation

The correlation between LRCU and MULL is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025	0.68

Return for Risk

LRCU vs. MULL — Risk / Return Rank

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

MULL

MULL Risk / Return Rank: 99
MULL Sharpe Ratio Rank: 100
MULL Sortino Ratio Rank: 98
MULL Omega Ratio Rank: 97
MULL Calmar Ratio Rank: 100
MULL Martin Ratio Rank: 100

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.

LRCU vs. MULL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long LRCX Daily ETF (LRCU) 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.

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

Sharpe Ratios by Period

	LRCU	MULL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	49.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	12.83	7.34	+5.49

Drawdowns

LRCU vs. MULL - Drawdown Comparison

The maximum LRCU drawdown since its inception was -40.09%, smaller than the maximum MULL drawdown of -72.29%. Use the drawdown chart below to compare losses from any high point for LRCU and MULL.

Drawdown Indicators

	LRCU	MULL	Difference
Max Drawdown Largest peak-to-trough decline	-40.09%	-72.29%	+32.20%
Max Drawdown (1Y) Largest decline over 1 year	—	-53.09%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.43%	-20.67%	+11.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	15.79%	—

Volatility

Volatility by Period

	LRCU	MULL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	55.71%	—
Volatility (6M) Calculated over the trailing 6-month period	—	105.59%	—
Volatility (1Y) Calculated over the trailing 1-year period	109.64%	132.53%	-22.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	109.64%	136.39%	-26.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	109.64%	136.39%	-26.75%

LRCU vs. MULL - Expense Ratio Comparison

LRCU has a 1.30% expense ratio, which is lower than MULL's 1.50% expense ratio.

Dividends

LRCU vs. MULL - Dividend Comparison

LRCU has not paid dividends to shareholders, while MULL's dividend yield for the trailing twelve months is around 0.04%.

Position	TTM	2025
LRCU Tradr 2X Long LRCX Daily ETF	0.00%	0.00%
MULL GraniteShares 2x Long MU Daily ETF	0.04%	0.39%

Frequently Asked Questions

Can I hold both LRCU and MULL in my portfolio?

LRCU and MULL have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LRCU or MULL?

On fees, LRCU is cheaper at 1.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LRCU or MULL?

LRCU is cheaper with a 1.30% expense ratio, compared with 1.50% for MULL.

Which ETF pays a higher dividend yield, LRCU or MULL?

MULL has the higher dividend yield at 0.04%, compared with 0.00% for LRCU.

What is the main difference between LRCU and MULL?

They also come from different issuers: Tradr and GraniteShares. Their fees differ too: 1.30% for LRCU and 1.50% for MULL.