MRVU vs. MVLL

Last updated Jul 12, 2026

MRVU (Direxion Daily MRVL Bull 2X ETF) and MVLL (GraniteShares 2x Long MRVL Daily ETF) are both Leveraged Equities funds - MRVU tracks the Marvell Technology, Inc. (MRVL) while MVLL tracks the Marvell Technology Inc. (MRVL). Both are passively managed. With a 1.00 correlation, they move nearly in lockstep. MRVU charges 0.97%/yr vs 1.50%/yr for MVLL.

Performance

MRVU vs. MVLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily MRVL Bull 2X ETF (MRVU) and GraniteShares 2x Long MRVL Daily ETF (MVLL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MRVU

• 1D: -6.13%
• 1M: -34.72%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MVLL

• 1D: -6.32%
• 1M: -35.60%
• 6M: 406.60%
• YTD: 381.49%
• 1Y: 416.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MRVU vs. MVLL - Yearly Performance Comparison

	2026 (YTD)
MRVU Direxion Daily MRVL Bull 2X ETF	469.18%
MVLL GraniteShares 2x Long MRVL Daily ETF	436.77%

Correlation

The correlation between MRVU and MVLL is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 11, 2026	1.00

Return for Risk

MRVU vs. MVLL — Risk / Return Rank

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

MRVU

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

MVLL

MVLL Risk / Return Rank: 90
MVLL Sharpe Ratio Rank: 94
MVLL Sortino Ratio Rank: 85
MVLL Omega Ratio Rank: 85
MVLL Calmar Ratio Rank: 96
MVLL Martin Ratio Rank: 90

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.

MRVU vs. MVLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MRVL Bull 2X ETF (MRVU) 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.

	MRVU	MVLL	Difference
Sharpe ratio: Return per unit of total volatility	—	2.75	—
Sortino ratio: Return per unit of downside risk	—	3.01	—
Omega ratio: Gain probability vs. loss probability	—	1.41	—
Calmar ratio: Return relative to maximum drawdown	—	7.44	—
Martin ratio: Return relative to average drawdown	—	16.04	—

Drawdowns

MRVU vs. MVLL - Drawdown Comparison

The maximum MRVU drawdown since its inception was -54.46%, smaller than the maximum MVLL drawdown of -59.02%. Use the drawdown chart below to compare losses from any high point for MRVU and MVLL.

Drawdown Indicators

	MRVU	MVLL	Difference
Max Drawdown Largest peak-to-trough decline	-54.46%	-59.02%	+4.56%
Max Drawdown (1Y) Largest decline over 1 year	—	-55.06%	—
Current Drawdown Current decline from peak	-52.68%	-53.36%	+0.68%
Average Drawdown Average peak-to-trough decline	-10.99%	-23.09%	+12.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	25.49%	—

Volatility

Volatility by Period

	MRVU	MVLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	62.41%	—
Volatility (6M) Calculated over the trailing 6-month period	—	119.75%	—
Volatility (1Y) Calculated over the trailing 1-year period	193.56%	148.83%	+44.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	193.56%	148.62%	+44.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	193.56%	148.62%	+44.94%

MRVU vs. MVLL - Expense Ratio Comparison

MRVU has a 0.97% expense ratio, which is lower than MVLL's 1.50% expense ratio.

Dividends

MRVU vs. MVLL - Dividend Comparison

MRVU's dividend yield for the trailing twelve months is around 0.29%, while MVLL has not paid dividends to shareholders.

Position	TTM
MRVU Direxion Daily MRVL Bull 2X ETF	0.29%
MVLL GraniteShares 2x Long MRVL Daily ETF	0.00%

Frequently Asked Questions

Can I hold both MRVU and MVLL in my portfolio?

With a correlation of 1.00, MRVU and MVLL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, MRVU or MVLL?

On fees, MRVU 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, MRVU or MVLL?

MRVU is cheaper with a 0.97% expense ratio, compared with 1.50% for MVLL.

Which ETF pays a higher dividend yield, MRVU or MVLL?

MRVU has the higher dividend yield at 0.29%, compared with 0.00% for MVLL.

What is the main difference between MRVU and MVLL?

MRVU tracks Marvell Technology, Inc. (MRVL), while MVLL tracks Marvell Technology Inc. (MRVL). They also come from different issuers: Direxion and GraniteShares. Their fees differ too: 0.97% for MRVU and 1.50% for MVLL.