MRNX vs. LINT

Last updated Jul 4, 2026

MRNX (Defiance Daily Target 2X Long MRNA ETF) and LINT (Direxion Daily INTC Bull 2X Shares) are both Leveraged Equities funds. Both are actively managed. At a 0.09 correlation, their price movements are largely independent. MRNX charges 1.31%/yr vs 0.97%/yr for LINT.

Performance

MRNX vs. LINT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long MRNA ETF (MRNX) and Direxion Daily INTC Bull 2X Shares (LINT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MRNX

• 1D: 20.68%
• 1M: 148.37%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

LINT

• 1D: -11.00%
• 1M: 3.51%
• 6M: 506.87%
• YTD: 586.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MRNX vs. LINT - Yearly Performance Comparison

	2026 (YTD)
MRNX Defiance Daily Target 2X Long MRNA ETF	167.25%
LINT Direxion Daily INTC Bull 2X Shares	332.91%

Correlation

The correlation between MRNX and LINT is 0.09, 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 Feb 4, 2026	0.09

Return for Risk

MRNX vs. LINT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long MRNA ETF (MRNX) and Direxion Daily INTC Bull 2X Shares (LINT). 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.

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

Drawdowns

MRNX vs. LINT - Drawdown Comparison

The maximum MRNX drawdown since its inception was -45.00%, smaller than the maximum LINT drawdown of -49.54%. Use the drawdown chart below to compare losses from any high point for MRNX and LINT.

Drawdown Indicators

	MRNX	LINT	Difference
Max Drawdown Largest peak-to-trough decline	-45.00%	-49.54%	+4.54%
Current Drawdown Current decline from peak	0.00%	-29.24%	+29.24%
Average Drawdown Average peak-to-trough decline	-21.30%	-20.26%	-1.04%

Volatility

Volatility by Period

	MRNX	LINT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	135.16%	168.48%	-33.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	135.16%	168.48%	-33.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	135.16%	168.48%	-33.32%

MRNX vs. LINT - Expense Ratio Comparison

MRNX has a 1.31% expense ratio, which is higher than LINT's 0.97% expense ratio.

Dividends

MRNX vs. LINT - Dividend Comparison

MRNX has not paid dividends to shareholders, while LINT's dividend yield for the trailing twelve months is around 0.40%.

Position	TTM	2025
LINT Direxion Daily INTC Bull 2X Shares	0.40%	0.25%
MRNX Defiance Daily Target 2X Long MRNA ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both MRNX and LINT in my portfolio?

MRNX and LINT have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MRNX or LINT?

On fees, LINT is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MRNX or LINT?

LINT is cheaper with a 0.97% expense ratio, compared with 1.31% for MRNX.

Which ETF pays a higher dividend yield, MRNX or LINT?

LINT has the higher dividend yield at 0.40%, compared with 0.00% for MRNX.

What is the main difference between MRNX and LINT?

They also come from different issuers: Defiance and Direxion. Their fees differ too: 1.31% for MRNX and 0.97% for LINT.