MULL vs. BRKL

Last updated Aug 4, 2026

MULL (GraniteShares 2x Long MU Daily ETF) and BRKL (Corgi BRKB 2x Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their -0.36 correlation means they have often moved in opposite directions in the past. MULL charges 1.50%/yr vs 0.45%/yr for BRKL.

Performance

MULL vs. BRKL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long MU Daily ETF (MULL) and Corgi BRKB 2x Daily ETF (BRKL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MULL

• 1D: 1.40%
• 1M: -35.21%
• 6M: 109.23%
• YTD: 365.77%
• 1Y: 2,677.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 446.64%

BRKL

• 1D: 0.36%
• 1M: —
• 6M: —
• YTD: —
• 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)
BRKL Corgi BRKB 2x Daily ETF	$2.37K	$14.77K	$14.77K
MULL GraniteShares 2x Long MU Daily ETF	$193.24M	$208.11M	$267.73M

MULL vs. BRKL - Yearly Performance Comparison

	2026 (YTD)
MULL GraniteShares 2x Long MU Daily ETF	-36.37%
BRKL Corgi BRKB 2x Daily ETF	1.84%

Correlation

The correlation between MULL and BRKL is -0.36, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 7, 2026	-0.36

Return for Risk

MULL vs. BRKL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MULL

MULL Risk / Return Rank: 98
MULL Sharpe Ratio Rank: 100
MULL Sortino Ratio Rank: 97
MULL Omega Ratio Rank: 96
MULL Calmar Ratio Rank: 99
MULL Martin Ratio Rank: 99

BRKL

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MULL vs. BRKL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long MU Daily ETF (MULL) and Corgi BRKB 2x Daily ETF (BRKL). 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.

	MULL	BRKL	Difference
Sharpe ratio: Return per unit of total volatility	16.75	—	—
Sortino ratio: Return per unit of downside risk	4.89	—	—
Omega ratio: Gain probability vs. loss probability	1.61	—	—
Calmar ratio: Return relative to maximum drawdown	39.82	—	—
Martin ratio: Return relative to average drawdown	129.25	—	—

Drawdowns

MULL vs. BRKL - Drawdown Comparison

The maximum MULL drawdown since its inception was -72.29%, which is greater than BRKL's maximum drawdown of -7.03%. Use the drawdown chart below to compare losses from any high point for MULL and BRKL.

Drawdown Indicators

	MULL	BRKL	Difference
Max Drawdown Largest peak-to-trough decline	-72.29%	-7.03%	-65.26%
Max Drawdown (1Y) Largest decline over 1 year	-68.16%	—	—
Current Drawdown Current decline from peak	-61.07%	0.00%	-61.07%
Average Drawdown Average peak-to-trough decline	-21.95%	-3.93%	-18.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.96%	—	—

Volatility

Volatility by Period

	MULL	BRKL	Difference
Volatility (1M) Calculated over the trailing 1-month period	60.92%	—	—
Volatility (6M) Calculated over the trailing 6-month period	134.81%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	162.42%	30.17%	+132.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	149.56%	30.17%	+119.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	149.56%	30.17%	+119.39%

MULL vs. BRKL - Expense Ratio Comparison

MULL has a 1.50% expense ratio, which is higher than BRKL's 0.45% expense ratio.

Dividends

MULL vs. BRKL - Dividend Comparison

MULL's dividend yield for the trailing twelve months is around 0.08%, while BRKL has not paid dividends to shareholders.

Position	TTM	2025
BRKL Corgi BRKB 2x Daily ETF	0.00%	0.00%
MULL GraniteShares 2x Long MU Daily ETF	0.08%	0.39%

Frequently Asked Questions

Can I hold both MULL and BRKL in my portfolio?

MULL and BRKL have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MULL or BRKL?

On fees, BRKL is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MULL or BRKL?

BRKL is cheaper with a 0.45% expense ratio, compared with 1.50% for MULL.

Which ETF pays a higher dividend yield, MULL or BRKL?

MULL has the higher dividend yield at 0.08%, compared with 0.00% for BRKL.

What is the main difference between MULL and BRKL?

They also come from different issuers: GraniteShares and Corgi. Their fees differ too: 1.50% for MULL and 0.45% for BRKL.