MVLL vs. HLXX

Last updated Aug 2, 2026

MVLL (GraniteShares 2x Long MRVL Daily ETF) and HLXX (Tradr 2X Long HL Daily ETF) are both Leveraged Equities funds - MVLL tracks the Marvell Technology Inc. (MRVL) while HLXX tracks the Hecla Mining Company (HL). Both are passively managed. Their 0.26 correlation means their historical movements had little consistent relationship. MVLL charges 1.50%/yr vs 1.49%/yr for HLXX.

Performance

MVLL vs. HLXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long MRVL Daily ETF (MVLL) and Tradr 2X Long HL Daily ETF (HLXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MVLL

• 1D: 4.74%
• 1M: -46.40%
• 6M: 236.40%
• YTD: 183.32%
• 1Y: 195.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 97.66%

HLXX

• 1D: —
• 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)
MVLL GraniteShares 2x Long MRVL Daily ETF	$64.72M	$85.12M	$269.82M

MVLL vs. HLXX - Yearly Performance Comparison

	2026 (YTD)
MVLL GraniteShares 2x Long MRVL Daily ETF	176.51%
HLXX Tradr 2X Long HL Daily ETF	-38.81%

Correlation

The correlation between MVLL and HLXX is 0.26, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 24, 2026	0.26

Return for Risk

MVLL vs. HLXX — Risk / Return Rank

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

MVLL

MVLL Risk / Return Rank: 54
MVLL Sharpe Ratio Rank: 40
MVLL Sortino Ratio Rank: 66
MVLL Omega Ratio Rank: 67
MVLL Calmar Ratio Rank: 54
MVLL Martin Ratio Rank: 45

HLXX

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.

MVLL vs. HLXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long MRVL Daily ETF (MVLL) and Tradr 2X Long HL Daily ETF (HLXX). 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.

	MVLL	HLXX	Difference
Sharpe ratio: Return per unit of total volatility	0.98	—	—
Sortino ratio: Return per unit of downside risk	2.17	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	1.94	—	—
Martin ratio: Return relative to average drawdown	5.10	—	—

Drawdowns

Drawdown Indicators

	MVLL	HLXX	Difference
Max Drawdown Largest peak-to-trough decline	-78.87%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-78.87%	—	—
Current Drawdown Current decline from peak	-72.55%	—	—
Average Drawdown Average peak-to-trough decline	-25.03%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	30.22%	—	—

Volatility

Volatility by Period

	MVLL	HLXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	55.64%	—	—
Volatility (6M) Calculated over the trailing 6-month period	129.12%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	155.64%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	151.11%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	151.11%	—	—

MVLL vs. HLXX - Expense Ratio Comparison

MVLL has a 1.50% expense ratio, which is higher than HLXX's 1.49% expense ratio.

Dividends

MVLL vs. HLXX - Dividend Comparison

Neither MVLL nor HLXX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MVLL and HLXX in my portfolio?

MVLL and HLXX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MVLL or HLXX?

On fees, HLXX is cheaper at 1.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MVLL or HLXX?

HLXX is cheaper with a 1.49% expense ratio, compared with 1.50% for MVLL.

Which ETF pays a higher dividend yield, MVLL or HLXX?

MVLL and HLXX have nearly identical dividend yields, around 0.00%.

What is the main difference between MVLL and HLXX?

MVLL tracks Marvell Technology Inc. (MRVL), while HLXX tracks Hecla Mining Company (HL). They also come from different issuers: GraniteShares and Tradr. Their fees differ too: 1.50% for MVLL and 1.49% for HLXX.