REW vs. MVLL
REW (ProShares UltraShort Technology) and MVLL (GraniteShares 2x Long MRVL Daily ETF) are both Leveraged Equities funds - REW tracks the Dow Jones U.S. Technology Index (-200%) while MVLL tracks the Marvell Technology Inc. (MRVL). Both are passively managed. Over the past year, REW returned -65.29% vs 1215.17% for MVLL. At a correlation of -0.60, they often move in opposite directions. REW charges 0.95%/yr vs 1.50%/yr for MVLL.
Performance
REW vs. MVLL - Performance Comparison
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Returns By Period
In the year-to-date period, REW achieves a -48.44% return, which is significantly lower than MVLL's 842.68% return.
REW
- 1D
- 2.13%
- 1M
- -32.71%
- YTD
- -48.44%
- 6M
- -47.77%
- 1Y
- -65.29%
- 3Y*
- -47.19%
- 5Y*
- -40.21%
- 10Y*
- -45.16%
MVLL
- 1D
- 7.14%
- 1M
- 201.84%
- YTD
- 842.68%
- 6M
- 558.01%
- 1Y
- 1,215.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
REW vs. MVLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
REW ProShares UltraShort Technology | -48.44% | -48.89% |
MVLL GraniteShares 2x Long MRVL Daily ETF | 842.68% | -10.19% |
Correlation
The correlation between REW and MVLL is -0.56, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.56 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2025 | -0.60 |
The correlation between REW and MVLL has been stable across timeframes, ranging from -0.60 to -0.56 - a consistent structural relationship.
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Return for Risk
REW vs. MVLL — Risk / Return Rank
REW
MVLL
REW vs. MVLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Technology (REW) 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.
| REW | MVLL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -10.79 | ||
| Sortino ratioReturn per unit of downside risk | -7.82 | ||
| Omega ratioGain probability vs. loss probability | 0.69 | 1.63 | -0.95 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 25.11 | -26.10 |
| Martin ratioReturn relative to average drawdown | -2.00 | 52.27 | -54.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| REW | MVLL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.56 | 9.23 | -10.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.78 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.93 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.79 | 3.33 | -4.12 |
Drawdowns
REW vs. MVLL - Drawdown Comparison
The maximum REW drawdown since its inception was -99.99%, which is greater than MVLL's maximum drawdown of -59.02%. Use the drawdown chart below to compare losses from any high point for REW and MVLL.
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Drawdown Indicators
| REW | MVLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -59.02% | -40.97% |
Max Drawdown (1Y)Largest decline over 1 year | -66.25% | -48.93% | -17.32% |
Max Drawdown (3Y)Largest decline over 3 years | -86.76% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -93.62% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.79% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | 0.00% | -99.99% |
Average DrawdownAverage peak-to-trough decline | -86.88% | -22.42% | -64.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.60% | 23.46% | +9.14% |
Volatility
REW vs. MVLL - Volatility Comparison
The current volatility for ProShares UltraShort Technology (REW) is 14.84%, while GraniteShares 2x Long MRVL Daily ETF (MVLL) has a volatility of 60.78%. This indicates that REW 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.
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Volatility by Period
| REW | MVLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.84% | 60.78% | -45.94% |
Volatility (6M)Calculated over the trailing 6-month period | 34.14% | 96.08% | -61.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.11% | 133.11% | -91.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.64% | 139.63% | -87.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.83% | 139.63% | -90.80% |
REW vs. MVLL - Expense Ratio Comparison
REW has a 0.95% expense ratio, which is lower than MVLL's 1.50% expense ratio.
Dividends
REW vs. MVLL - Dividend Comparison
REW's dividend yield for the trailing twelve months is around 11.04%, while MVLL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
MVLL GraniteShares 2x Long MRVL Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
REW ProShares UltraShort Technology | 11.04% | 6.69% | 5.68% | 5.97% | 0.65% | 0.00% | 0.27% | 1.80% | 0.51% |
Frequently Asked Questions
REW and MVLL have a correlation of -0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MVLL has higher volatility (60.78%) compared to REW (14.84%). In terms of maximum drawdown, REW dropped -99.99% vs MVLL's -59.02%.
On 1-year performance, MVLL leads with 1215.17% vs -65.29% for REW. On fees, REW is cheaper at 0.95% per year. On volatility, REW has been the lower-risk option at 14.84%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MVLL has performed better with a 1215.17% return vs -65.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
REW is cheaper with a 0.95% expense ratio, compared with 1.50% for MVLL.
REW has the higher dividend yield at 11.04%, compared with 0.00% for MVLL.
REW tracks Dow Jones U.S. Technology Index (-200%), while MVLL tracks Marvell Technology Inc. (MRVL). They also come from different issuers: ProShares and GraniteShares. Their fees differ too: 0.95% for REW and 1.50% for MVLL.
MVLL currently has the higher Sharpe Ratio (9.23 vs -1.56), 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.
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