MVLL vs. NVTX

Last updated Jun 4, 2026

MVLL (GraniteShares 2x Long MRVL Daily ETF) and NVTX (Tradr 2X Long NVTS Daily ETF) are both Leveraged Equities funds. MVLL is passively managed, while NVTX is actively managed. At a 0.41 correlation, their price movements are largely independent. MVLL charges 1.50%/yr vs 1.30%/yr for NVTX.

Performance

MVLL vs. NVTX - 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 NVTS Daily ETF (NVTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MVLL achieves a 842.68% return, which is significantly higher than NVTX's 709.31% return.

MVLL

• 1D: 7.14%
• 1M: 201.84%
• YTD: 842.68%
• 6M: 558.01%
• 1Y: 1,215.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVTX

• 1D: 37.55%
• 1M: 188.72%
• YTD: 709.31%
• 6M: 416.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MVLL vs. NVTX - Yearly Performance Comparison

	2026 (YTD)	2025
MVLL GraniteShares 2x Long MRVL Daily ETF	842.68%	41.35%
NVTX Tradr 2X Long NVTS Daily ETF	709.31%	-10.97%

Correlation

The correlation between MVLL and NVTX is 0.41, 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 Sep 10, 2025	0.41

Return for Risk

MVLL vs. NVTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MVLL

MVLL Risk / Return Rank: 96
MVLL Sharpe Ratio Rank: 99
MVLL Sortino Ratio Rank: 94
MVLL Omega Ratio Rank: 92
MVLL Calmar Ratio Rank: 99
MVLL Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MVLL vs. NVTX - 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 NVTS Daily ETF (NVTX). 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.

	MVLL	NVTX	Difference
Sharpe ratio: Return per unit of total volatility	9.23	—	—
Sortino ratio: Return per unit of downside risk	4.79	—	—
Omega ratio: Gain probability vs. loss probability	1.63	—	—
Calmar ratio: Return relative to maximum drawdown	25.11	—	—
Martin ratio: Return relative to average drawdown	52.27	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MVLL	NVTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	9.23	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.33	5.24	-1.91

Drawdowns

MVLL vs. NVTX - Drawdown Comparison

The maximum MVLL drawdown since its inception was -59.02%, smaller than the maximum NVTX drawdown of -89.20%. Use the drawdown chart below to compare losses from any high point for MVLL and NVTX.

Drawdown Indicators

	MVLL	NVTX	Difference
Max Drawdown Largest peak-to-trough decline	-59.02%	-89.20%	+30.18%
Max Drawdown (1Y) Largest decline over 1 year	-48.93%	—	—
Current Drawdown Current decline from peak	0.00%	-10.79%	+10.79%
Average Drawdown Average peak-to-trough decline	-22.42%	-60.85%	+38.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.46%	—	—

Volatility

Volatility by Period

	MVLL	NVTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	60.78%	—	—
Volatility (6M) Calculated over the trailing 6-month period	96.08%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	133.11%	266.88%	-133.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	139.63%	266.88%	-127.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	139.63%	266.88%	-127.25%

MVLL vs. NVTX - Expense Ratio Comparison

MVLL has a 1.50% expense ratio, which is higher than NVTX's 1.30% expense ratio.

Dividends

MVLL vs. NVTX - Dividend Comparison

MVLL has not paid dividends to shareholders, while NVTX's dividend yield for the trailing twelve months is around 2.11%.

Position	TTM	2025
MVLL GraniteShares 2x Long MRVL Daily ETF	0.00%	0.00%
NVTX Tradr 2X Long NVTS Daily ETF	2.11%	17.05%

Frequently Asked Questions

Can I hold both MVLL and NVTX in my portfolio?

MVLL and NVTX have a correlation of 0.41, 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 NVTX?

On fees, NVTX is cheaper at 1.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MVLL or NVTX?

NVTX is cheaper with a 1.30% expense ratio, compared with 1.50% for MVLL.

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

NVTX has the higher dividend yield at 2.11%, compared with 0.00% for MVLL.

What is the main difference between MVLL and NVTX?

They also come from different issuers: GraniteShares and Tradr. Their fees differ too: 1.50% for MVLL and 1.30% for NVTX.