OSCG vs. MULL

Last updated Jun 4, 2026

OSCG (Leverage Shares 2X Long OSCR Daily ETF) and MULL (GraniteShares 2x Long MU Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.07 correlation, their price movements are largely independent. OSCG charges 0.75%/yr vs 1.50%/yr for MULL.

Performance

OSCG vs. MULL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long OSCR Daily ETF (OSCG) and GraniteShares 2x Long MU Daily ETF (MULL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OSCG achieves a 62.91% return, which is significantly lower than MULL's 936.86% return.

OSCG

• 1D: -5.93%
• 1M: 16.15%
• YTD: 62.91%
• 6M: 12.44%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MULL

• 1D: 2.92%
• 1M: 216.81%
• YTD: 936.86%
• 6M: 1,369.93%
• 1Y: 6,074.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OSCG vs. MULL - Yearly Performance Comparison

	2026 (YTD)	2025
OSCG Leverage Shares 2X Long OSCR Daily ETF	62.91%	-39.33%
MULL GraniteShares 2x Long MU Daily ETF	936.86%	30.86%

Correlation

The correlation between OSCG and MULL is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 6, 2025	0.07

Return for Risk

OSCG vs. MULL — Risk / Return Rank

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

MULL

MULL Risk / Return Rank: 99
MULL Sharpe Ratio Rank: 100
MULL Sortino Ratio Rank: 98
MULL Omega Ratio Rank: 97
MULL Calmar Ratio Rank: 100
MULL Martin Ratio Rank: 100

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.

OSCG vs. MULL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long OSCR Daily ETF (OSCG) and GraniteShares 2x Long MU Daily ETF (MULL). 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.

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

Sharpe Ratios by Period

	OSCG	MULL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	46.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	7.45	-7.47

Drawdowns

OSCG vs. MULL - Drawdown Comparison

The maximum OSCG drawdown since its inception was -71.31%, roughly equal to the maximum MULL drawdown of -72.29%. Use the drawdown chart below to compare losses from any high point for OSCG and MULL.

Drawdown Indicators

	OSCG	MULL	Difference
Max Drawdown Largest peak-to-trough decline	-71.31%	-72.29%	+0.98%
Max Drawdown (1Y) Largest decline over 1 year	—	-53.09%	—
Current Drawdown Current decline from peak	-36.47%	0.00%	-36.47%
Average Drawdown Average peak-to-trough decline	-37.25%	-20.62%	-16.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	15.79%	—

Volatility

Volatility by Period

	OSCG	MULL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	55.41%	—
Volatility (6M) Calculated over the trailing 6-month period	—	105.59%	—
Volatility (1Y) Calculated over the trailing 1-year period	145.44%	132.38%	+13.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	145.44%	136.22%	+9.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	145.44%	136.22%	+9.22%

OSCG vs. MULL - Expense Ratio Comparison

OSCG has a 0.75% expense ratio, which is lower than MULL's 1.50% expense ratio.

Dividends

OSCG vs. MULL - Dividend Comparison

OSCG has not paid dividends to shareholders, while MULL's dividend yield for the trailing twelve months is around 0.04%.

Position	TTM	2025
MULL GraniteShares 2x Long MU Daily ETF	0.04%	0.39%
OSCG Leverage Shares 2X Long OSCR Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both OSCG and MULL in my portfolio?

OSCG and MULL have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OSCG or MULL?

On fees, OSCG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OSCG or MULL?

OSCG is cheaper with a 0.75% expense ratio, compared with 1.50% for MULL.

Which ETF pays a higher dividend yield, OSCG or MULL?

MULL has the higher dividend yield at 0.04%, compared with 0.00% for OSCG.

What is the main difference between OSCG and MULL?

They also come from different issuers: Leverage Shares and GraniteShares. Their fees differ too: 0.75% for OSCG and 1.50% for MULL.