PLU vs. MVLL

Last updated Aug 1, 2026

PLU (Defiance Daily Target 2X Long PL ETF) and MVLL (GraniteShares 2x Long MRVL Daily ETF) are both Leveraged Equities funds - PLU tracks the Planet Labs PBC (PL) while MVLL tracks the Marvell Technology Inc. (MRVL). Both are passively managed. Their 0.33 correlation means their historical movements had little consistent relationship. PLU charges 1.31%/yr vs 1.50%/yr for MVLL.

Performance

PLU vs. MVLL - Performance Comparison

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

Returns By Period

PLU

• 1D: 1.64%
• 1M: -59.80%
• 6M: -67.55%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

MVLL

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

*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
PLU Defiance Daily Target 2X Long PL ETF	$846.68K	$1.41M	$9.38M

PLU vs. MVLL - Yearly Performance Comparison

	2026 (YTD)
PLU Defiance Daily Target 2X Long PL ETF	-58.39%
MVLL GraniteShares 2x Long MRVL Daily ETF	164.15%

Correlation

The correlation between PLU and MVLL is 0.33, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 7, 2026	0.33

Return for Risk

PLU vs. MVLL — Risk / Return Rank

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

PLU

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

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

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.

PLU vs. MVLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long PL ETF (PLU) and GraniteShares 2x Long MRVL Daily ETF (MVLL). 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.

	PLU	MVLL	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

PLU vs. MVLL - Drawdown Comparison

The maximum PLU drawdown since its inception was -89.58%, which is greater than MVLL's maximum drawdown of -78.87%. Use the drawdown chart below to compare losses from any high point for PLU and MVLL.

Drawdown Indicators

	PLU	MVLL	Difference
Max Drawdown Largest peak-to-trough decline	-89.58%	-78.87%	-10.71%
Max Drawdown (1Y) Largest decline over 1 year	—	-78.87%	—
Current Drawdown Current decline from peak	-88.51%	-72.55%	-15.96%
Average Drawdown Average peak-to-trough decline	-34.87%	-25.03%	-9.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	30.22%	—

Volatility

Volatility by Period

	PLU	MVLL	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	203.39%	155.64%	+47.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	203.39%	151.11%	+52.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	203.39%	151.11%	+52.28%

PLU vs. MVLL - Expense Ratio Comparison

PLU has a 1.31% expense ratio, which is lower than MVLL's 1.50% expense ratio.

Dividends

PLU vs. MVLL - Dividend Comparison

Neither PLU nor MVLL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PLU and MVLL in my portfolio?

PLU and MVLL have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PLU or MVLL?

On fees, PLU is cheaper at 1.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PLU or MVLL?

PLU is cheaper with a 1.31% expense ratio, compared with 1.50% for MVLL.

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

PLU and MVLL have nearly identical dividend yields, around 0.00%.

What is the main difference between PLU and MVLL?

PLU tracks Planet Labs PBC (PL), while MVLL tracks Marvell Technology Inc. (MRVL). They also come from different issuers: Defiance and GraniteShares. Their fees differ too: 1.31% for PLU and 1.50% for MVLL.