MRVU vs. NIOG

Last updated Aug 2, 2026

MRVU (Direxion Daily MRVL Bull 2X ETF) and NIOG (Leverage Shares 2X Long NIO Daily ETF) are both Leveraged Equities funds - MRVU tracks the Marvell Technology, Inc. (MRVL) while NIOG tracks the NIO Inc. (NIO). Both are passively managed. Their 0.20 correlation means their historical movements had little consistent relationship. MRVU charges 0.97%/yr vs 0.75%/yr for NIOG.

Performance

MRVU vs. NIOG - Performance Comparison

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

Returns By Period

MRVU

• 1D: 4.43%
• 1M: -45.83%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

NIOG

• 1D: 2.78%
• 1M: 2.43%
• 6M: -13.06%
• YTD: -27.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MRVU Direxion Daily MRVL Bull 2X ETF	$16.13M	$21.99M	$60.26M
NIOG Leverage Shares 2X Long NIO Daily ETF	$119.34K	$154.91K	$404.59K

MRVU vs. NIOG - Yearly Performance Comparison

	2026 (YTD)
MRVU Direxion Daily MRVL Bull 2X ETF	235.77%
NIOG Leverage Shares 2X Long NIO Daily ETF	-21.13%

Correlation

The correlation between MRVU and NIOG is 0.20, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 11, 2026	0.20

Return for Risk

MRVU vs. NIOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MRVL Bull 2X ETF (MRVU) and Leverage Shares 2X Long NIO Daily ETF (NIOG). 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

MRVU vs. NIOG - Drawdown Comparison

The maximum MRVU drawdown since its inception was -78.62%, which is greater than NIOG's maximum drawdown of -61.79%. Use the drawdown chart below to compare losses from any high point for MRVU and NIOG.

Drawdown Indicators

	MRVU	NIOG	Difference
Max Drawdown Largest peak-to-trough decline	-78.62%	-61.79%	-16.83%
Current Drawdown Current decline from peak	-72.09%	-54.61%	-17.48%
Average Drawdown Average peak-to-trough decline	-18.27%	-27.99%	+9.72%

Volatility

Volatility by Period

	MRVU	NIOG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	195.44%	109.44%	+86.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	195.44%	109.44%	+86.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	195.44%	109.44%	+86.00%

MRVU vs. NIOG - Expense Ratio Comparison

MRVU has a 0.97% expense ratio, which is higher than NIOG's 0.75% expense ratio.

Dividends

MRVU vs. NIOG - Dividend Comparison

MRVU's dividend yield for the trailing twelve months is around 0.49%, while NIOG has not paid dividends to shareholders.

Position	TTM
MRVU Direxion Daily MRVL Bull 2X ETF	0.49%
NIOG Leverage Shares 2X Long NIO Daily ETF	0.00%

Frequently Asked Questions

Can I hold both MRVU and NIOG in my portfolio?

MRVU and NIOG have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MRVU or NIOG?

On fees, NIOG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MRVU or NIOG?

NIOG is cheaper with a 0.75% expense ratio, compared with 0.97% for MRVU.

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

MRVU has the higher dividend yield at 0.49%, compared with 0.00% for NIOG.

What is the main difference between MRVU and NIOG?

MRVU tracks Marvell Technology, Inc. (MRVL), while NIOG tracks NIO Inc. (NIO). They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.97% for MRVU and 0.75% for NIOG.