MVLL vs. IREG
MVLL (GraniteShares 2x Long MRVL Daily ETF) and IREG (Leverage Shares 2X Long IREN Daily ETF) are both Leveraged Equities funds. MVLL is passively managed, while IREG is actively managed. At a 0.40 correlation, their price movements are largely independent. MVLL charges 1.50%/yr vs 0.75%/yr for IREG.
Performance
MVLL vs. IREG - Performance Comparison
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Returns By Period
In the year-to-date period, MVLL achieves a 610.13% return, which is significantly higher than IREG's 15.19% return.
MVLL
- 1D
- -18.97%
- 1M
- 63.90%
- YTD
- 610.13%
- 6M
- 563.50%
- 1Y
- 686.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IREG
- 1D
- -7.71%
- 1M
- -15.58%
- YTD
- 15.19%
- 6M
- -7.34%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MVLL vs. IREG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MVLL GraniteShares 2x Long MRVL Daily ETF | 610.13% | 0.62% |
IREG Leverage Shares 2X Long IREN Daily ETF | 15.19% | 16.86% |
Correlation
The correlation between MVLL and IREG is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025 | 0.40 |
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Return for Risk
MVLL vs. IREG — Risk / Return Rank
MVLL
IREG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MVLL vs. IREG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long MRVL Daily ETF (MVLL) and Leverage Shares 2X Long IREN Daily ETF (IREG). 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 | IREG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.50 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 14.16 | — | — |
| Martin ratioReturn relative to average drawdown | 28.61 | — | — |
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Drawdowns
MVLL vs. IREG - Drawdown Comparison
The maximum MVLL drawdown since its inception was -59.02%, smaller than the maximum IREG drawdown of -80.08%. Use the drawdown chart below to compare losses from any high point for MVLL and IREG.
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Drawdown Indicators
| MVLL | IREG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.02% | -80.08% | +21.06% |
Max Drawdown (1Y)Largest decline over 1 year | -48.93% | — | — |
Current DrawdownCurrent decline from peak | -31.21% | -54.09% | +22.88% |
Average DrawdownAverage peak-to-trough decline | -22.40% | -44.16% | +21.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.17% | — | — |
Volatility
MVLL vs. IREG - Volatility Comparison
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Volatility by Period
| MVLL | IREG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 87.05% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 113.21% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 145.20% | 207.96% | -62.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 147.26% | 207.96% | -60.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 147.26% | 207.96% | -60.70% |
MVLL vs. IREG - Expense Ratio Comparison
MVLL has a 1.50% expense ratio, which is higher than IREG's 0.75% expense ratio.
Dividends
MVLL vs. IREG - Dividend Comparison
Neither MVLL nor IREG has paid dividends to shareholders.
Frequently Asked Questions
MVLL and IREG have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IREG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IREG is cheaper with a 0.75% expense ratio, compared with 1.50% for MVLL.
MVLL and IREG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.50% for MVLL and 0.75% for IREG.
Find the right allocation for MVLL and IREG
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