SMUP vs. MVLL
SMUP (T-REX 2X Long SMR Daily Target ETF) and MVLL (GraniteShares 2x Long MRVL Daily ETF) are both Leveraged Equities funds. SMUP is actively managed, while MVLL is passively managed. At a 0.36 correlation, their price movements are largely independent. Both charge a 1.50% expense ratio.
Performance
SMUP vs. MVLL - Performance Comparison
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Returns By Period
In the year-to-date period, SMUP achieves a -56.52% return, which is significantly lower than MVLL's 932.29% return.
SMUP
- 1D
- -5.76%
- 1M
- -7.99%
- YTD
- -56.52%
- 6M
- -84.29%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MVLL
- 1D
- 9.51%
- 1M
- 210.19%
- YTD
- 932.29%
- 6M
- 650.49%
- 1Y
- 1,188.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMUP vs. MVLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMUP T-REX 2X Long SMR Daily Target ETF | -56.52% | -95.72% |
MVLL GraniteShares 2x Long MRVL Daily ETF | 932.29% | 3.25% |
Correlation
The correlation between SMUP and MVLL is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 28, 2025 | 0.36 |
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Return for Risk
SMUP vs. MVLL — Risk / Return Rank
SMUP
MVLL
SMUP vs. MVLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long SMR Daily Target ETF (SMUP) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| SMUP | MVLL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 9.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.49 | 3.62 | -4.11 |
Drawdowns
SMUP vs. MVLL - Drawdown Comparison
The maximum SMUP drawdown since its inception was -98.64%, which is greater than MVLL's maximum drawdown of -59.02%. Use the drawdown chart below to compare losses from any high point for SMUP and MVLL.
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Drawdown Indicators
| SMUP | MVLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.64% | -59.02% | -39.62% |
Max Drawdown (1Y)Largest decline over 1 year | — | -48.93% | — |
Current DrawdownCurrent decline from peak | -98.14% | 0.00% | -98.14% |
Average DrawdownAverage peak-to-trough decline | -79.25% | -22.35% | -56.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 23.46% | — |
Volatility
SMUP vs. MVLL - Volatility Comparison
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Volatility by Period
| SMUP | MVLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 60.89% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 96.34% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 203.27% | 133.35% | +69.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 203.27% | 139.62% | +63.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 203.27% | 139.62% | +63.65% |
SMUP vs. MVLL - Expense Ratio Comparison
Both SMUP and MVLL have an expense ratio of 1.50%.
Dividends
SMUP vs. MVLL - Dividend Comparison
SMUP's dividend yield for the trailing twelve months is around 51.96%, while MVLL has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
MVLL GraniteShares 2x Long MRVL Daily ETF | 0.00% | 0.00% |
SMUP T-REX 2X Long SMR Daily Target ETF | 51.96% | 22.59% |
Frequently Asked Questions
SMUP and MVLL have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 1.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SMUP and MVLL have the same expense ratio: 1.50% per year.
SMUP has the higher dividend yield at 51.96%, compared with 0.00% for MVLL.
They also come from different issuers: T-Rex and GraniteShares.
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