MVLL vs. TSXU

Last updated Aug 2, 2026

MVLL (GraniteShares 2x Long MRVL Daily ETF) and TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) are both Leveraged Equities funds - MVLL tracks the Marvell Technology Inc. (MRVL) while TSXU tracks the Solactive Semiconductor Top 5 Index (2x). Both are passively managed. Their 0.68 correlation means they have sometimes moved together and sometimes differently. MVLL charges 1.50%/yr vs 1.05%/yr for TSXU.

Performance

MVLL vs. TSXU - 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 Semiconductors Top 5 Bull 2X Shares (TSXU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MVLL achieves a 183.32% return, which is significantly higher than TSXU's 78.79% return.

MVLL

• 1D: 4.74%
• 1M: -46.40%
• 6M: 236.40%
• YTD: 183.32%
• 1Y: 195.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 97.66%

TSXU

• 1D: -0.46%
• 1M: -9.68%
• 6M: 50.24%
• YTD: 78.79%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MVLL GraniteShares 2x Long MRVL Daily ETF	$64.72M	$85.12M	$269.82M
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	$7.61M	$4.95M	$2.75M

MVLL vs. TSXU - Yearly Performance Comparison

	2026 (YTD)	2025
MVLL GraniteShares 2x Long MRVL Daily ETF	183.32%	-8.90%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	78.79%	37.96%

Correlation

The correlation between MVLL and TSXU is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.68

Return for Risk

MVLL vs. TSXU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MVLL

MVLL Risk / Return Rank: 54
MVLL Sharpe Ratio Rank: 40
MVLL Sortino Ratio Rank: 66
MVLL Omega Ratio Rank: 67
MVLL Calmar Ratio Rank: 54
MVLL Martin Ratio Rank: 45

TSXU

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MVLL vs. TSXU - 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 Semiconductors Top 5 Bull 2X Shares (TSXU). 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	TSXU	Difference
Sharpe ratio: Return per unit of total volatility	0.98	—	—
Sortino ratio: Return per unit of downside risk	2.17	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	1.94	—	—
Martin ratio: Return relative to average drawdown	5.10	—	—

Drawdowns

MVLL vs. TSXU - Drawdown Comparison

The maximum MVLL drawdown since its inception was -78.87%, which is greater than TSXU's maximum drawdown of -38.13%. Use the drawdown chart below to compare losses from any high point for MVLL and TSXU.

Drawdown Indicators

	MVLL	TSXU	Difference
Max Drawdown Largest peak-to-trough decline	-78.87%	-38.13%	-40.74%
Max Drawdown (1Y) Largest decline over 1 year	-78.87%	—	—
Current Drawdown Current decline from peak	-72.55%	-27.71%	-44.84%
Average Drawdown Average peak-to-trough decline	-25.03%	-11.70%	-13.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.22%	—	—

Volatility

Volatility by Period

	MVLL	TSXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	55.64%	—	—
Volatility (6M) Calculated over the trailing 6-month period	129.12%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	155.64%	92.86%	+62.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	151.11%	92.86%	+58.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	151.11%	92.86%	+58.25%

MVLL vs. TSXU - Expense Ratio Comparison

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

Dividends

MVLL vs. TSXU - Dividend Comparison

MVLL has not paid dividends to shareholders, while TSXU's dividend yield for the trailing twelve months is around 1.96%.

Position	TTM	2025
MVLL GraniteShares 2x Long MRVL Daily ETF	0.00%	0.00%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	1.96%	2.54%

Frequently Asked Questions

Can I hold both MVLL and TSXU in my portfolio?

MVLL and TSXU have a correlation of 0.68, 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 TSXU?

On fees, TSXU is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MVLL or TSXU?

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

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

TSXU has the higher dividend yield at 1.96%, compared with 0.00% for MVLL.

What is the main difference between MVLL and TSXU?

MVLL tracks Marvell Technology Inc. (MRVL), while TSXU tracks Solactive Semiconductor Top 5 Index (2x). They also come from different issuers: GraniteShares and Direxion. Their fees differ too: 1.50% for MVLL and 1.05% for TSXU.