MVLL vs. ROBN

Last updated Jul 12, 2026

MVLL (GraniteShares 2x Long MRVL Daily ETF) and ROBN (T-REX 2X Long HOOD Daily Target ETF) are both Leveraged Equities funds. MVLL is passively managed, while ROBN is actively managed. Over the past year, MVLL returned 416.44% vs -32.26% for ROBN. At a 0.44 correlation, their price movements are largely independent. MVLL charges 1.50%/yr vs 1.05%/yr for ROBN.

Performance

MVLL vs. ROBN - Performance Comparison

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

Returns By Period

In the year-to-date period, MVLL achieves a 381.49% return, which is significantly higher than ROBN's -31.68% return.

MVLL

• 1D: -6.32%
• 1M: -35.60%
• 6M: 406.60%
• YTD: 381.49%
• 1Y: 416.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ROBN

• 1D: -5.69%
• 1M: 38.10%
• 6M: -33.90%
• YTD: -31.68%
• 1Y: -32.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MVLL vs. ROBN - Yearly Performance Comparison

	2026 (YTD)	2025
MVLL GraniteShares 2x Long MRVL Daily ETF	381.49%	-8.44%
ROBN T-REX 2X Long HOOD Daily Target ETF	-31.68%	242.23%

Correlation

The correlation between MVLL and ROBN is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (All Time) Calculated using the full available price history since Mar 7, 2025	0.44

Return for Risk

MVLL vs. ROBN — Risk / Return Rank

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

MVLL

MVLL Risk / Return Rank: 90
MVLL Sharpe Ratio Rank: 94
MVLL Sortino Ratio Rank: 85
MVLL Omega Ratio Rank: 85
MVLL Calmar Ratio Rank: 96
MVLL Martin Ratio Rank: 90

ROBN

ROBN Risk / Return Rank: 10
ROBN Sharpe Ratio Rank: 7
ROBN Sortino Ratio Rank: 15
ROBN Omega Ratio Rank: 14
ROBN Calmar Ratio Rank: 6
ROBN Martin Ratio Rank: 7

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. ROBN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long MRVL Daily ETF (MVLL) and T-REX 2X Long HOOD Daily Target ETF (ROBN). 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	ROBN	Difference
Sharpe ratio: Return per unit of total volatility	2.75	-0.24	+2.99
Sortino ratio: Return per unit of downside risk	3.01	0.60	+2.41
Omega ratio: Gain probability vs. loss probability	1.41	1.07	+0.34
Calmar ratio: Return relative to maximum drawdown	7.44	-0.38	+7.82
Martin ratio: Return relative to average drawdown	16.04	-0.57	+16.61

MVLL vs. ROBN - Sharpe Ratio Comparison

The current MVLL Sharpe Ratio is 2.75, which is higher than the ROBN Sharpe Ratio of -0.24. The chart below compares the historical Sharpe Ratios of MVLL and ROBN, 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. ROBN - Drawdown Comparison

The maximum MVLL drawdown since its inception was -59.02%, smaller than the maximum ROBN drawdown of -86.84%. Use the drawdown chart below to compare losses from any high point for MVLL and ROBN.

Drawdown Indicators

	MVLL	ROBN	Difference
Max Drawdown Largest peak-to-trough decline	-59.02%	-86.84%	+27.82%
Max Drawdown (1Y) Largest decline over 1 year	-55.06%	-86.84%	+31.78%
Current Drawdown Current decline from peak	-53.36%	-68.10%	+14.74%
Average Drawdown Average peak-to-trough decline	-23.09%	-45.19%	+22.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.49%	57.91%	-32.42%

Volatility

MVLL vs. ROBN - Volatility Comparison

GraniteShares 2x Long MRVL Daily ETF (MVLL) has a higher volatility of 62.41% compared to T-REX 2X Long HOOD Daily Target ETF (ROBN) at 38.18%. This indicates that MVLL's price experiences larger fluctuations and is considered to be riskier than ROBN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MVLL	ROBN	Difference
Volatility (1M) Calculated over the trailing 1-month period	62.41%	38.18%	+24.23%
Volatility (6M) Calculated over the trailing 6-month period	119.75%	104.97%	+14.78%
Volatility (1Y) Calculated over the trailing 1-year period	148.83%	138.98%	+9.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	148.62%	151.42%	-2.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	148.62%	151.42%	-2.80%

MVLL vs. ROBN - Expense Ratio Comparison

MVLL has a 1.50% expense ratio, which is higher than ROBN's 1.05% expense ratio.

Dividends

MVLL vs. ROBN - Dividend Comparison

MVLL has not paid dividends to shareholders, while ROBN's dividend yield for the trailing twelve months is around 6.56%.

Position	TTM	2025
MVLL GraniteShares 2x Long MRVL Daily ETF	0.00%	0.00%
ROBN T-REX 2X Long HOOD Daily Target ETF	6.56%	4.48%

Frequently Asked Questions

Can I hold both MVLL and ROBN in my portfolio?

MVLL and ROBN have a correlation of 0.38, 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 ROBN?

MVLL has higher volatility (62.41%) compared to ROBN (38.18%). In terms of maximum drawdown, MVLL dropped -59.02% vs ROBN's -86.84%.

Which ETF is better, MVLL or ROBN?

On 1-year performance, MVLL leads with 416.44% vs -32.26% for ROBN. On fees, ROBN is cheaper at 1.05% per year. On volatility, ROBN has been the lower-risk option at 38.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MVLL or ROBN?

Over the 1-year period, MVLL has performed better with a 416.44% return vs -32.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MVLL or ROBN?

ROBN is cheaper with a 1.05% expense ratio, compared with 1.50% for MVLL.

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

ROBN has the higher dividend yield at 6.56%, compared with 0.00% for MVLL.

What is the main difference between MVLL and ROBN?

They also come from different issuers: GraniteShares and T-Rex. Their fees differ too: 1.50% for MVLL and 1.05% for ROBN.

Which has better risk-adjusted returns?

MVLL currently has the higher Sharpe Ratio (2.75 vs -0.24), 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.