PTIR vs. MVLL

Last updated Jun 24, 2026

PTIR (GraniteShares 2x Long PLTR Daily ETF) and MVLL (GraniteShares 2x Long MRVL Daily ETF) are both Leveraged Equities funds from GraniteShares. PTIR is actively managed, while MVLL is passively managed. Over the past year, PTIR returned -52.03% vs 686.37% for MVLL. At a 0.33 correlation, their price movements are largely independent. PTIR charges 1.15%/yr vs 1.50%/yr for MVLL.

Performance

PTIR vs. MVLL - Performance Comparison

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

Returns By Period

In the year-to-date period, PTIR achieves a -64.50% return, which is significantly lower than MVLL's 610.13% return.

PTIR

• 1D: -4.81%
• 1M: -30.43%
• YTD: -64.50%
• 6M: -70.36%
• 1Y: -52.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MVLL

• 1D: -18.97%
• 1M: 63.90%
• YTD: 610.13%
• 6M: 563.50%
• 1Y: 686.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PTIR vs. MVLL - Yearly Performance Comparison

	2026 (YTD)	2025
PTIR GraniteShares 2x Long PLTR Daily ETF	-64.50%	231.49%
MVLL GraniteShares 2x Long MRVL Daily ETF	610.13%	-8.44%

Correlation

The correlation between PTIR and MVLL is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (All Time) Calculated using the full available price history since Mar 7, 2025	0.33

PTIR vs. MVLL - Sectors Allocation Comparison

Sectors	PTIR	MVLL
Technology	100.0%	66.6%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

PTIR vs. MVLL — Risk / Return Rank

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

PTIR

PTIR Risk / Return Rank: 5
PTIR Sharpe Ratio Rank: 5
PTIR Sortino Ratio Rank: 6
PTIR Omega Ratio Rank: 6
PTIR Calmar Ratio Rank: 3
PTIR Martin Ratio Rank: 3

MVLL

MVLL Risk / Return Rank: 93
MVLL Sharpe Ratio Rank: 98
MVLL Sortino Ratio Rank: 87
MVLL Omega Ratio Rank: 87
MVLL Calmar Ratio Rank: 98
MVLL Martin Ratio Rank: 95

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.

PTIR vs. MVLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long PLTR Daily ETF (PTIR) 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.

	PTIR	MVLL	Difference
Sharpe ratio: Return per unit of total volatility	-0.51	4.78	-5.29
Sortino ratio: Return per unit of downside risk	-0.26	3.64	-3.90
Omega ratio: Gain probability vs. loss probability	0.97	1.50	-0.53
Calmar ratio: Return relative to maximum drawdown	-0.69	14.16	-14.85
Martin ratio: Return relative to average drawdown	-1.22	28.61	-29.83

PTIR vs. MVLL - Sharpe Ratio Comparison

The current PTIR Sharpe Ratio is -0.51, which is lower than the MVLL Sharpe Ratio of 4.78. The chart below compares the historical Sharpe Ratios of PTIR and MVLL, 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

PTIR vs. MVLL - Drawdown Comparison

The maximum PTIR drawdown since its inception was -75.53%, which is greater than MVLL's maximum drawdown of -59.02%. Use the drawdown chart below to compare losses from any high point for PTIR and MVLL.

Drawdown Indicators

	PTIR	MVLL	Difference
Max Drawdown Largest peak-to-trough decline	-75.53%	-59.02%	-16.51%
Max Drawdown (1Y) Largest decline over 1 year	-75.53%	-48.93%	-26.60%
Current Drawdown Current decline from peak	-75.53%	-31.21%	-44.32%
Average Drawdown Average peak-to-trough decline	-28.60%	-22.40%	-6.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.52%	24.17%	+18.35%

Volatility

PTIR vs. MVLL - Volatility Comparison

The current volatility for GraniteShares 2x Long PLTR Daily ETF (PTIR) is 37.93%, while GraniteShares 2x Long MRVL Daily ETF (MVLL) has a volatility of 87.05%. This indicates that PTIR experiences smaller price fluctuations and is considered to be less risky than MVLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTIR	MVLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	37.93%	87.05%	-49.12%
Volatility (6M) Calculated over the trailing 6-month period	77.76%	113.21%	-35.45%
Volatility (1Y) Calculated over the trailing 1-year period	102.66%	145.20%	-42.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	128.79%	147.26%	-18.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	128.79%	147.26%	-18.47%

PTIR vs. MVLL - Expense Ratio Comparison

PTIR has a 1.15% expense ratio, which is lower than MVLL's 1.50% expense ratio.

Dividends

PTIR vs. MVLL - Dividend Comparison

PTIR's dividend yield for the trailing twelve months is around 16.37%, while MVLL has not paid dividends to shareholders.

Position	TTM	2025
MVLL GraniteShares 2x Long MRVL Daily ETF	0.00%	0.00%
PTIR GraniteShares 2x Long PLTR Daily ETF	16.37%	5.81%

Frequently Asked Questions

Can I hold both PTIR and MVLL in my portfolio?

PTIR and MVLL have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTIR or MVLL?

MVLL has higher volatility (87.05%) compared to PTIR (37.93%). In terms of maximum drawdown, PTIR dropped -75.53% vs MVLL's -59.02%.

Which ETF is better, PTIR or MVLL?

On 1-year performance, MVLL leads with 686.37% vs -52.03% for PTIR. On fees, PTIR is cheaper at 1.15% per year. On volatility, PTIR has been the lower-risk option at 37.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PTIR or MVLL?

Over the 1-year period, MVLL has performed better with a 686.37% return vs -52.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PTIR or MVLL?

PTIR is cheaper with a 1.15% expense ratio, compared with 1.50% for MVLL.

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

PTIR has the higher dividend yield at 16.37%, compared with 0.00% for MVLL.

What is the main difference between PTIR and MVLL?

Their fees differ too: 1.15% for PTIR and 1.50% for MVLL.

Which has better risk-adjusted returns?

MVLL currently has the higher Sharpe Ratio (4.78 vs -0.51), 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.