MRVU vs. TSLL
MRVU (Direxion Daily MRVL Bull 2X ETF) and TSLL (Direxion Daily TSLA Bull 2X ETF) are both Leveraged Equities funds from Direxion. MRVU is passively managed, while TSLL is actively managed. Their 0.47 correlation means their historical movements had little consistent relationship. MRVU charges 0.97%/yr vs 0.83%/yr for TSLL.
Performance
MRVU vs. TSLL - Performance Comparison
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Returns By Period
MRVU
- 1D
- 4.43%
- 1M
- -45.83%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
TSLL
- 1D
- 1.39%
- 1M
- -40.57%
- 6M
- -56.61%
- YTD
- -61.15%
- 1Y
- -25.18%
- 3Y*
- -20.90%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -23.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $16.13M | $21.99M | $60.26M | |
| $724.83M | $679.97M | $948.78M |
MRVU vs. TSLL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MRVU Direxion Daily MRVL Bull 2X ETF | 235.77% |
TSLL Direxion Daily TSLA Bull 2X ETF | -55.17% |
Correlation
The correlation between MRVU and TSLL is 0.47, 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 | 0.47 |
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Return for Risk
MRVU vs. TSLL — Risk / Return Rank
MRVU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TSLL
MRVU vs. TSLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MRVL Bull 2X ETF (MRVU) and Direxion Daily TSLA Bull 2X ETF (TSLL). 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 | TSLL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.02 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.40 | — |
| Martin ratioReturn relative to average drawdown | — | -0.88 | — |
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Drawdowns
MRVU vs. TSLL - Drawdown Comparison
The maximum MRVU drawdown since its inception was -78.62%, smaller than the maximum TSLL drawdown of -82.88%. Use the drawdown chart below to compare losses from any high point for MRVU and TSLL.
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Drawdown Indicators
| MRVU | TSLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.62% | -82.88% | +4.26% |
Max Drawdown (1Y)Largest decline over 1 year | — | -70.13% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -82.88% | — |
Current DrawdownCurrent decline from peak | -72.09% | -80.38% | +8.29% |
Average DrawdownAverage peak-to-trough decline | -18.27% | -54.36% | +36.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 31.62% | — |
Volatility
MRVU vs. TSLL - Volatility Comparison
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Volatility by Period
| MRVU | TSLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 43.16% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 70.52% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 195.44% | 92.41% | +103.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 195.44% | 107.78% | +87.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 195.44% | 107.78% | +87.66% |
MRVU vs. TSLL - Expense Ratio Comparison
MRVU has a 0.97% expense ratio, which is higher than TSLL's 0.83% expense ratio.
Dividends
MRVU vs. TSLL - Dividend Comparison
MRVU's dividend yield for the trailing twelve months is around 0.49%, less than TSLL's 13.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
MRVU Direxion Daily MRVL Bull 2X ETF | 0.49% | 0.00% | 0.00% | 0.00% | 0.00% |
TSLL Direxion Daily TSLA Bull 2X ETF | 13.48% | 5.00% | 2.47% | 4.44% | 1.57% |
Frequently Asked Questions
MRVU and TSLL have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSLL is cheaper at 0.83% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSLL is cheaper with a 0.83% expense ratio, compared with 0.97% for MRVU.
TSLL has the higher dividend yield at 13.48%, compared with 0.49% for MRVU.
Their fees differ too: 0.97% for MRVU and 0.83% for TSLL.
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