SNAG vs. MVLL

Last updated Jul 18, 2026

SNAG (Leverage Shares 2X Long SNAP Daily ETF) and MVLL (GraniteShares 2x Long MRVL Daily ETF) are both Leveraged Equities funds - SNAG tracks the Snap Inc. (SNAP) while MVLL tracks the Marvell Technology Inc. (MRVL). Both are passively managed. At a 0.20 correlation, their price movements are largely independent. SNAG charges 0.75%/yr vs 1.50%/yr for MVLL.

Performance

SNAG vs. MVLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long SNAP Daily ETF (SNAG) 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, SNAG achieves a -75.92% return, which is significantly lower than MVLL's 199.76% return.

SNAG

• 1D: -6.29%
• 1M: -9.87%
• 6M: -72.05%
• YTD: -75.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MVLL

• 1D: 0.23%
• 1M: -61.62%
• 6M: 239.10%
• YTD: 199.76%
• 1Y: 226.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SNAG vs. MVLL - Yearly Performance Comparison

	2026 (YTD)	2025
SNAG Leverage Shares 2X Long SNAP Daily ETF	-75.92%	9.86%
MVLL GraniteShares 2x Long MRVL Daily ETF	199.76%	7.24%

Correlation

The correlation between SNAG and MVLL is 0.20, 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 Dec 18, 2025	0.20

Return for Risk

SNAG vs. MVLL — Risk / Return Rank

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

SNAG

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

MVLL

MVLL Risk / Return Rank: 67
MVLL Sharpe Ratio Rank: 57
MVLL Sortino Ratio Rank: 69
MVLL Omega Ratio Rank: 71
MVLL Calmar Ratio Rank: 79
MVLL Martin Ratio Rank: 62

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.

SNAG vs. MVLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long SNAP Daily ETF (SNAG) 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.

	SNAG	MVLL	Difference
Sharpe ratio: Return per unit of total volatility	—	1.50	—
Sortino ratio: Return per unit of downside risk	—	2.45	—
Omega ratio: Gain probability vs. loss probability	—	1.33	—
Calmar ratio: Return relative to maximum drawdown	—	3.21	—
Martin ratio: Return relative to average drawdown	—	8.40	—

Drawdowns

SNAG vs. MVLL - Drawdown Comparison

The maximum SNAG drawdown since its inception was -81.94%, which is greater than MVLL's maximum drawdown of -71.03%. Use the drawdown chart below to compare losses from any high point for SNAG and MVLL.

Drawdown Indicators

	SNAG	MVLL	Difference
Max Drawdown Largest peak-to-trough decline	-81.94%	-71.03%	-10.91%
Max Drawdown (1Y) Largest decline over 1 year	—	-71.03%	—
Current Drawdown Current decline from peak	-79.59%	-70.96%	-8.63%
Average Drawdown Average peak-to-trough decline	-58.44%	-23.70%	-34.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	27.10%	—

Volatility

Volatility by Period

	SNAG	MVLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	55.65%	—
Volatility (6M) Calculated over the trailing 6-month period	—	123.85%	—
Volatility (1Y) Calculated over the trailing 1-year period	118.36%	151.63%	-33.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	118.36%	149.67%	-31.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	118.36%	149.67%	-31.31%

SNAG vs. MVLL - Expense Ratio Comparison

SNAG has a 0.75% expense ratio, which is lower than MVLL's 1.50% expense ratio.

Dividends

SNAG vs. MVLL - Dividend Comparison

Neither SNAG nor MVLL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SNAG and MVLL in my portfolio?

SNAG and MVLL have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SNAG or MVLL?

On fees, SNAG 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, SNAG or MVLL?

SNAG is cheaper with a 0.75% expense ratio, compared with 1.50% for MVLL.

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

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

What is the main difference between SNAG and MVLL?

SNAG tracks Snap Inc. (SNAP), while MVLL tracks Marvell Technology Inc. (MRVL). They also come from different issuers: Leverage Shares and GraniteShares. Their fees differ too: 0.75% for SNAG and 1.50% for MVLL.