MVLL vs. TSXU

Last updated Jun 23, 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. A 0.62 correlation means they provide meaningful diversification when combined. 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 776.39% return, which is significantly higher than TSXU's 147.34% return.

MVLL

• 1D: -2.53%
• 1M: 102.27%
• YTD: 776.39%
• 6M: 776.25%
• 1Y: 797.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSXU

• 1D: 2.35%
• 1M: 38.69%
• YTD: 147.34%
• 6M: 154.19%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MVLL vs. TSXU - Yearly Performance Comparison

	2026 (YTD)	2025
MVLL GraniteShares 2x Long MRVL Daily ETF	776.39%	-8.90%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	147.34%	37.96%

Correlation

The correlation between MVLL and TSXU is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.62

Return for Risk

MVLL vs. TSXU — Risk / Return Rank

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

MVLL

MVLL Risk / Return Rank: 94
MVLL Sharpe Ratio Rank: 98
MVLL Sortino Ratio Rank: 88
MVLL Omega Ratio Rank: 88
MVLL Calmar Ratio Rank: 98
MVLL Martin Ratio Rank: 96

TSXU

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. 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	5.60	—	—
Sortino ratio: Return per unit of downside risk	3.86	—	—
Omega ratio: Gain probability vs. loss probability	1.53	—	—
Calmar ratio: Return relative to maximum drawdown	16.47	—	—
Martin ratio: Return relative to average drawdown	33.38	—	—

Drawdowns

MVLL vs. TSXU - Drawdown Comparison

The maximum MVLL drawdown since its inception was -59.02%, which is greater than TSXU's maximum drawdown of -35.62%. 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	-59.02%	-35.62%	-23.40%
Max Drawdown (1Y) Largest decline over 1 year	-48.93%	—	—
Current Drawdown Current decline from peak	-15.10%	0.00%	-15.10%
Average Drawdown Average peak-to-trough decline	-22.37%	-10.65%	-11.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.09%	—	—

Volatility

Volatility by Period

	MVLL	TSXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	83.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	111.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	144.07%	88.29%	+55.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	146.42%	88.29%	+58.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	146.42%	88.29%	+58.13%

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 1.17%.

Position	TTM	2025
MVLL GraniteShares 2x Long MRVL Daily ETF	0.00%	0.00%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	1.17%	2.54%

Frequently Asked Questions

Can I hold both MVLL and TSXU in my portfolio?

MVLL and TSXU have a correlation of 0.62, 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 1.17%, 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.