MPL vs. INTW

Last updated Jun 7, 2026

MPL (Defiance Daily Target 2X Long MP ETF) and INTW (GraniteShares 2x Long INTC Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.07, they often move in opposite directions. MPL charges 1.31%/yr vs 1.50%/yr for INTW.

Performance

MPL vs. INTW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long MP ETF (MPL) and GraniteShares 2x Long INTC Daily ETF (INTW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MPL

• 1D: -19.06%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

INTW

• 1D: -23.15%
• 1M: -24.21%
• YTD: 401.83%
• 6M: 293.92%
• 1Y: 1,234.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MPL vs. INTW - Yearly Performance Comparison

	2026 (YTD)
MPL Defiance Daily Target 2X Long MP ETF	-24.56%
INTW GraniteShares 2x Long INTC Daily ETF	-37.57%

Correlation

The correlation between MPL and INTW is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	-0.07

Return for Risk

MPL vs. INTW — Risk / Return Rank

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

INTW

INTW Risk / Return Rank: 96
INTW Sharpe Ratio Rank: 99
INTW Sortino Ratio Rank: 94
INTW Omega Ratio Rank: 92
INTW Calmar Ratio Rank: 99
INTW Martin Ratio Rank: 98

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.

MPL vs. INTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long MP ETF (MPL) and GraniteShares 2x Long INTC Daily ETF (INTW). 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

	MPL	INTW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	8.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.59	2.55	-3.14

Drawdowns

MPL vs. INTW - Drawdown Comparison

The maximum MPL drawdown since its inception was -34.06%, smaller than the maximum INTW drawdown of -60.58%. Use the drawdown chart below to compare losses from any high point for MPL and INTW.

Drawdown Indicators

	MPL	INTW	Difference
Max Drawdown Largest peak-to-trough decline	-34.06%	-60.58%	+26.52%
Max Drawdown (1Y) Largest decline over 1 year	—	-49.34%	—
Current Drawdown Current decline from peak	-34.06%	-44.49%	+10.43%
Average Drawdown Average peak-to-trough decline	-9.74%	-30.11%	+20.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	21.30%	—

Volatility

Volatility by Period

	MPL	INTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	49.34%	—
Volatility (6M) Calculated over the trailing 6-month period	—	113.88%	—
Volatility (1Y) Calculated over the trailing 1-year period	182.07%	145.43%	+36.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	182.07%	146.34%	+35.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	182.07%	146.34%	+35.73%

MPL vs. INTW - Expense Ratio Comparison

MPL has a 1.31% expense ratio, which is lower than INTW's 1.50% expense ratio.

Dividends

MPL vs. INTW - Dividend Comparison

Neither MPL nor INTW has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MPL and INTW in my portfolio?

MPL and INTW have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MPL or INTW?

On fees, MPL is cheaper at 1.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MPL or INTW?

MPL is cheaper with a 1.31% expense ratio, compared with 1.50% for INTW.

Which ETF pays a higher dividend yield, MPL or INTW?

MPL and INTW have nearly identical dividend yields, around 0.00%.

What is the main difference between MPL and INTW?

They also come from different issuers: Defiance and GraniteShares. Their fees differ too: 1.31% for MPL and 1.50% for INTW.