MULL vs. URE
Compare and contrast key facts about GraniteShares 2x Long MU Daily ETF (MULL) and ProShares Ultra Real Estate (URE).
MULL and URE 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. URE is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Real Estate Index (200%). It was launched on Jan 30, 2007.
Performance
MULL vs. URE - Performance Comparison
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MULL vs. URE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MULL GraniteShares 2x Long MU Daily ETF | 40.10% | 558.51% | -40.10% |
URE ProShares Ultra Real Estate | 2.38% | -3.65% | -9.80% |
Returns By Period
In the year-to-date period, MULL achieves a 40.10% return, which is significantly higher than URE's 2.38% return.
MULL
- 1D
- 18.15%
- 1M
- -25.99%
- YTD
- 40.10%
- 6M
- 196.67%
- 1Y
- 845.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
URE
- 1D
- 0.74%
- 1M
- -12.45%
- YTD
- 2.38%
- 6M
- -5.82%
- 1Y
- -6.19%
- 3Y*
- 3.57%
- 5Y*
- -2.54%
- 10Y*
- 1.93%
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MULL vs. URE - Expense Ratio Comparison
MULL has a 1.50% expense ratio, which is higher than URE's 0.95% expense ratio.
Return for Risk
MULL vs. URE — Risk / Return Rank
MULL
URE
MULL vs. URE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long MU Daily ETF (MULL) and ProShares Ultra Real Estate (URE). 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 | URE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 6.53 | -0.19 | +6.72 |
Sortino ratioReturn per unit of downside risk | 3.77 | -0.05 | +3.81 |
Omega ratioGain probability vs. loss probability | 1.50 | 0.99 | +0.51 |
Calmar ratioReturn relative to maximum drawdown | 16.69 | -0.26 | +16.96 |
Martin ratioReturn relative to average drawdown | 46.83 | -0.79 | +47.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MULL | URE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.53 | -0.19 | +6.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.07 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.91 | -0.07 | +1.98 |
Correlation
The correlation between MULL and URE is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MULL vs. URE - Dividend Comparison
MULL's dividend yield for the trailing twelve months is around 0.28%, less than URE's 2.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MULL GraniteShares 2x Long MU Daily ETF | 0.28% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
URE ProShares Ultra Real Estate | 2.29% | 2.42% | 2.09% | 1.32% | 1.26% | 0.58% | 0.94% | 1.10% | 1.53% | 0.93% | 0.96% | 0.81% |
Drawdowns
MULL vs. URE - Drawdown Comparison
The maximum MULL drawdown since its inception was -72.29%, smaller than the maximum URE drawdown of -97.16%. Use the drawdown chart below to compare losses from any high point for MULL and URE.
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Drawdown Indicators
| MULL | URE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.29% | -97.16% | +24.87% |
Max Drawdown (1Y)Largest decline over 1 year | -53.09% | -22.93% | -30.16% |
Max Drawdown (5Y)Largest decline over 5 years | — | -63.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.49% | — |
Current DrawdownCurrent decline from peak | -39.05% | -57.49% | +18.44% |
Average DrawdownAverage peak-to-trough decline | -21.99% | -64.63% | +42.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.92% | 7.62% | +11.30% |
Volatility
MULL vs. URE - Volatility Comparison
GraniteShares 2x Long MU Daily ETF (MULL) has a higher volatility of 47.87% compared to ProShares Ultra Real Estate (URE) at 9.32%. This indicates that MULL's price experiences larger fluctuations and is considered to be riskier than URE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MULL | URE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 47.87% | 9.32% | +38.55% |
Volatility (6M)Calculated over the trailing 6-month period | 99.70% | 19.04% | +80.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 130.90% | 32.48% | +98.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 130.06% | 37.23% | +92.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 130.06% | 40.49% | +89.57% |