MVLL vs. RETL

Last updated Jun 24, 2026

MVLL (GraniteShares 2x Long MRVL Daily ETF) and RETL (Direxion Daily Retail Bull 3X Shares) are both Leveraged Equities funds - MVLL tracks the Marvell Technology Inc. (MRVL) while RETL tracks the Russell 1000 Retail Index (300%). Both are passively managed. Over the past year, MVLL returned 686.37% vs 11.63% for RETL. At a 0.30 correlation, their price movements are largely independent. MVLL charges 1.50%/yr vs 0.99%/yr for RETL.

Performance

MVLL vs. RETL - 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 Retail Bull 3X Shares (RETL). 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 RETL's -7.34% return.

MVLL

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

RETL

• 1D: 0.59%
• 1M: 10.51%
• YTD: -7.34%
• 6M: -11.19%
• 1Y: 11.63%
• 3Y*: 10.84%
• 5Y*: -28.61%
• 10Y*: -4.29%

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

MVLL vs. RETL - Yearly Performance Comparison

	2026 (YTD)	2025
MVLL GraniteShares 2x Long MRVL Daily ETF	610.13%	-8.44%
RETL Direxion Daily Retail Bull 3X Shares	-7.34%	37.82%

Correlation

The correlation between MVLL and RETL is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (All Time) Calculated using the full available price history since Mar 7, 2025	0.30

MVLL vs. RETL - Sectors Allocation Comparison

Sectors	MVLL	RETL
Technology	66.6%	0.3%
Basic Materials	-	-
Communication Services	-	0.3%
Consumer Cyclical	-	17.0%
Consumer Defensive	-	4.6%
Energy	-	0.3%
Financial Services	-	-
Healthcare	-	0.3%
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

MVLL vs. RETL — 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

RETL

RETL Risk / Return Rank: 13
RETL Sharpe Ratio Rank: 11
RETL Sortino Ratio Rank: 15
RETL Omega Ratio Rank: 14
RETL Calmar Ratio Rank: 12
RETL Martin Ratio Rank: 12

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. RETL - 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 Retail Bull 3X Shares (RETL). 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	RETL	Difference
Sharpe ratio: Return per unit of total volatility	4.78	0.19	+4.59
Sortino ratio: Return per unit of downside risk	3.64	0.73	+2.91
Omega ratio: Gain probability vs. loss probability	1.50	1.08	+0.42
Calmar ratio: Return relative to maximum drawdown	14.16	0.31	+13.85
Martin ratio: Return relative to average drawdown	28.61	0.62	+27.99

MVLL vs. RETL - Sharpe Ratio Comparison

The current MVLL Sharpe Ratio is 4.78, which is higher than the RETL Sharpe Ratio of 0.19. The chart below compares the historical Sharpe Ratios of MVLL and RETL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MVLL vs. RETL - Drawdown Comparison

The maximum MVLL drawdown since its inception was -59.02%, smaller than the maximum RETL drawdown of -92.00%. Use the drawdown chart below to compare losses from any high point for MVLL and RETL.

Drawdown Indicators

	MVLL	RETL	Difference
Max Drawdown Largest peak-to-trough decline	-59.02%	-92.00%	+32.98%
Max Drawdown (1Y) Largest decline over 1 year	-48.93%	-38.08%	-10.85%
Max Drawdown (3Y) Largest decline over 3 years	—	-62.72%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-92.00%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-92.00%	—
Current Drawdown Current decline from peak	-31.21%	-84.09%	+52.88%
Average Drawdown Average peak-to-trough decline	-22.40%	-37.69%	+15.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.17%	18.86%	+5.31%

Volatility

MVLL vs. RETL - Volatility Comparison

GraniteShares 2x Long MRVL Daily ETF (MVLL) has a higher volatility of 87.05% compared to Direxion Daily Retail Bull 3X Shares (RETL) at 18.79%. This indicates that MVLL's price experiences larger fluctuations and is considered to be riskier than RETL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MVLL	RETL	Difference
Volatility (1M) Calculated over the trailing 1-month period	87.05%	18.79%	+68.26%
Volatility (6M) Calculated over the trailing 6-month period	113.21%	42.33%	+70.88%
Volatility (1Y) Calculated over the trailing 1-year period	145.20%	60.75%	+84.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	147.26%	79.55%	+67.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	147.26%	79.91%	+67.35%

MVLL vs. RETL - Expense Ratio Comparison

MVLL has a 1.50% expense ratio, which is higher than RETL's 0.99% expense ratio.

Dividends

MVLL vs. RETL - Dividend Comparison

MVLL has not paid dividends to shareholders, while RETL's dividend yield for the trailing twelve months is around 0.55%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
MVLL GraniteShares 2x Long MRVL Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RETL Direxion Daily Retail Bull 3X Shares	0.55%	0.58%	1.13%	1.35%	0.71%	0.22%	0.19%	0.92%	1.19%	0.01%	2.60%

Frequently Asked Questions

Can I hold both MVLL and RETL in my portfolio?

MVLL and RETL have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MVLL or RETL?

MVLL has higher volatility (87.05%) compared to RETL (18.79%). In terms of maximum drawdown, MVLL dropped -59.02% vs RETL's -92.00%.

Which ETF is better, MVLL or RETL?

On 1-year performance, MVLL leads with 686.37% vs 11.63% for RETL. On fees, RETL is cheaper at 0.99% per year. On volatility, RETL has been the lower-risk option at 18.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MVLL or RETL?

Over the 1-year period, MVLL has performed better with a 686.37% return vs 11.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MVLL or RETL?

RETL is cheaper with a 0.99% expense ratio, compared with 1.50% for MVLL.

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

RETL has the higher dividend yield at 0.55%, compared with 0.00% for MVLL.

What is the main difference between MVLL and RETL?

MVLL tracks Marvell Technology Inc. (MRVL), while RETL tracks Russell 1000 Retail Index (300%). They also come from different issuers: GraniteShares and Direxion. Their fees differ too: 1.50% for MVLL and 0.99% for RETL.

Which has better risk-adjusted returns?

MVLL currently has the higher Sharpe Ratio (4.78 vs 0.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.