MULL vs. SOXL
Compare and contrast key facts about GraniteShares 2x Long MU Daily ETF (MULL) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
MULL and SOXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MULL is an actively managed fund by GraniteShares. It was launched on Nov 11, 2024. SOXL is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (300%). It was launched on Mar 11, 2010.
Performance
MULL vs. SOXL - Performance Comparison
Loading graphics...
MULL vs. SOXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MULL GraniteShares 2x Long MU Daily ETF | 18.59% | 558.51% | -40.10% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 13.99% | 54.91% | -13.52% |
Returns By Period
In the year-to-date period, MULL achieves a 18.59% return, which is significantly higher than SOXL's 13.99% return.
MULL
- 1D
- 9.98%
- 1M
- -37.16%
- YTD
- 18.59%
- 6M
- 194.62%
- 1Y
- 734.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXL
- 1D
- 17.95%
- 1M
- -23.67%
- YTD
- 13.99%
- 6M
- 37.51%
- 1Y
- 201.41%
- 3Y*
- 38.75%
- 5Y*
- 3.09%
- 10Y*
- 39.88%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MULL vs. SOXL - Expense Ratio Comparison
MULL has a 1.50% expense ratio, which is higher than SOXL's 0.99% expense ratio.
Return for Risk
MULL vs. SOXL — Risk / Return Rank
MULL
SOXL
MULL vs. SOXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long MU Daily ETF (MULL) and Direxion Daily Semiconductor Bull 3x Shares (SOXL). 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.
| MULL | SOXL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 5.72 | 1.70 | +4.01 |
Sortino ratioReturn per unit of downside risk | 3.60 | 2.34 | +1.26 |
Omega ratioGain probability vs. loss probability | 1.48 | 1.34 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 13.35 | 4.06 | +9.29 |
Martin ratioReturn relative to average drawdown | 37.78 | 12.39 | +25.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| MULL | SOXL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.72 | 1.70 | +4.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.03 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.62 | 0.35 | +1.27 |
Correlation
The correlation between MULL and SOXL is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MULL vs. SOXL - Dividend Comparison
MULL's dividend yield for the trailing twelve months is around 0.33%, more than SOXL's 0.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
MULL GraniteShares 2x Long MU Daily ETF | 0.33% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 0.16% | 0.34% | 1.18% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% |
Drawdowns
MULL vs. SOXL - Drawdown Comparison
The maximum MULL drawdown since its inception was -72.29%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for MULL and SOXL.
Loading graphics...
Drawdown Indicators
| MULL | SOXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.29% | -90.46% | +18.17% |
Max Drawdown (1Y)Largest decline over 1 year | -53.09% | -49.26% | -3.83% |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -90.46% | — |
Current DrawdownCurrent decline from peak | -48.41% | -33.33% | -15.08% |
Average DrawdownAverage peak-to-trough decline | -21.94% | -35.34% | +13.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.76% | 16.14% | +2.62% |
Volatility
MULL vs. SOXL - Volatility Comparison
GraniteShares 2x Long MU Daily ETF (MULL) has a higher volatility of 47.04% compared to Direxion Daily Semiconductor Bull 3x Shares (SOXL) at 40.35%. This indicates that MULL's price experiences larger fluctuations and is considered to be riskier than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| MULL | SOXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 47.04% | 40.35% | +6.69% |
Volatility (6M)Calculated over the trailing 6-month period | 98.50% | 79.51% | +18.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 129.87% | 119.21% | +10.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 129.40% | 105.43% | +23.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 129.40% | 97.70% | +31.70% |