MVLL vs. QCMU

Last updated Jun 24, 2026

MVLL (GraniteShares 2x Long MRVL Daily ETF) and QCMU (Direxion Daily QCOM Bull 2X Shares) are both Leveraged Equities funds. At a 0.44 correlation, their price movements are largely independent. MVLL charges 1.50%/yr vs 1.07%/yr for QCMU.

Performance

MVLL vs. QCMU - Performance Comparison

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

Returns By Period

In the year-to-date period, MVLL achieves a 610.13% return, which is significantly higher than QCMU's 13.54% return.

MVLL

• 1D: -18.97%
• 1M: 63.90%
• YTD: 610.13%
• 6M: 563.50%
• 1Y: 686.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QCMU

• 1D: -16.29%
• 1M: -31.17%
• YTD: 13.54%
• 6M: 8.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MVLL vs. QCMU - Yearly Performance Comparison

	2026 (YTD)	2025
MVLL GraniteShares 2x Long MRVL Daily ETF	610.13%	-0.89%
QCMU Direxion Daily QCOM Bull 2X Shares	13.54%	11.21%

Correlation

The correlation between MVLL and QCMU is 0.44, 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 Jun 25, 2025	0.44

MVLL vs. QCMU - Sectors Allocation Comparison

Sectors	MVLL	QCMU
Technology	66.6%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

MVLL vs. QCMU — Risk / Return Rank

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

MVLL

MVLL Risk / Return Rank: 93
MVLL Sharpe Ratio Rank: 98
MVLL Sortino Ratio Rank: 87
MVLL Omega Ratio Rank: 87
MVLL Calmar Ratio Rank: 98
MVLL Martin Ratio Rank: 95

QCMU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. QCMU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long MRVL Daily ETF (MVLL) and Direxion Daily QCOM Bull 2X Shares (QCMU). 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	QCMU	Difference
Sharpe ratio: Return per unit of total volatility	4.78	—	—
Sortino ratio: Return per unit of downside risk	3.64	—	—
Omega ratio: Gain probability vs. loss probability	1.50	—	—
Calmar ratio: Return relative to maximum drawdown	14.16	—	—
Martin ratio: Return relative to average drawdown	28.61	—	—

Drawdowns

MVLL vs. QCMU - Drawdown Comparison

The maximum MVLL drawdown since its inception was -59.02%, roughly equal to the maximum QCMU drawdown of -59.48%. Use the drawdown chart below to compare losses from any high point for MVLL and QCMU.

Drawdown Indicators

	MVLL	QCMU	Difference
Max Drawdown Largest peak-to-trough decline	-59.02%	-59.48%	+0.46%
Max Drawdown (1Y) Largest decline over 1 year	-48.93%	—	—
Current Drawdown Current decline from peak	-31.21%	-37.68%	+6.47%
Average Drawdown Average peak-to-trough decline	-22.40%	-22.88%	+0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.17%	—	—

Volatility

Volatility by Period

	MVLL	QCMU	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%	101.95%	+43.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	147.26%	101.95%	+45.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	147.26%	101.95%	+45.31%

MVLL vs. QCMU - Expense Ratio Comparison

MVLL has a 1.50% expense ratio, which is higher than QCMU's 1.07% expense ratio.

Dividends

MVLL vs. QCMU - Dividend Comparison

MVLL has not paid dividends to shareholders, while QCMU's dividend yield for the trailing twelve months is around 2.20%.

Position	TTM	2025
MVLL GraniteShares 2x Long MRVL Daily ETF	0.00%	0.00%
QCMU Direxion Daily QCOM Bull 2X Shares	2.20%	1.57%

Frequently Asked Questions

Can I hold both MVLL and QCMU in my portfolio?

MVLL and QCMU have a correlation of 0.44, 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 QCMU?

On fees, QCMU is cheaper at 1.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MVLL or QCMU?

QCMU is cheaper with a 1.07% expense ratio, compared with 1.50% for MVLL.

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

QCMU has the higher dividend yield at 2.20%, compared with 0.00% for MVLL.

What is the main difference between MVLL and QCMU?

They also come from different issuers: GraniteShares and Direxion. Their fees differ too: 1.50% for MVLL and 1.07% for QCMU.