SOFA vs. MVLL

Last updated Jun 5, 2026

SOFA (Direxion Daily SOFI Bull 2X ETF) and MVLL (GraniteShares 2x Long MRVL Daily ETF) are both Leveraged Equities funds - SOFA tracks the SoFi Technologies, Inc. (SOFI) while MVLL tracks the Marvell Technology Inc. (MRVL). Both are passively managed. At a 0.08 correlation, their price movements are largely independent. SOFA charges 0.97%/yr vs 1.50%/yr for MVLL.

Performance

SOFA vs. MVLL - Performance Comparison

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

Returns By Period

SOFA

• 1D: 5.24%
• 1M: 10.37%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MVLL

• 1D: 9.51%
• 1M: 210.19%
• YTD: 932.29%
• 6M: 650.49%
• 1Y: 1,188.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOFA vs. MVLL - Yearly Performance Comparison

	2026 (YTD)
SOFA Direxion Daily SOFI Bull 2X ETF	-39.84%
MVLL GraniteShares 2x Long MRVL Daily ETF	1,067.19%

Correlation

The correlation between SOFA and MVLL is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 12, 2026	0.08

Return for Risk

SOFA vs. MVLL — Risk / Return Rank

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

MVLL

MVLL Risk / Return Rank: 96
MVLL Sharpe Ratio Rank: 99
MVLL Sortino Ratio Rank: 94
MVLL Omega Ratio Rank: 93
MVLL Calmar Ratio Rank: 99
MVLL Martin Ratio Rank: 97

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.

SOFA vs. MVLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily SOFI Bull 2X ETF (SOFA) 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.

Sharpe Ratios by Period

	SOFA	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	-0.75	3.62	-4.37

Drawdowns

SOFA vs. MVLL - Drawdown Comparison

The maximum SOFA drawdown since its inception was -51.39%, smaller than the maximum MVLL drawdown of -59.02%. Use the drawdown chart below to compare losses from any high point for SOFA and MVLL.

Drawdown Indicators

	SOFA	MVLL	Difference
Max Drawdown Largest peak-to-trough decline	-51.39%	-59.02%	+7.63%
Max Drawdown (1Y) Largest decline over 1 year	—	-48.93%	—
Current Drawdown Current decline from peak	-39.84%	0.00%	-39.84%
Average Drawdown Average peak-to-trough decline	-32.77%	-22.35%	-10.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	23.46%	—

Volatility

Volatility by Period

	SOFA	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	107.88%	133.35%	-25.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.88%	139.62%	-31.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	107.88%	139.62%	-31.74%

SOFA vs. MVLL - Expense Ratio Comparison

SOFA has a 0.97% expense ratio, which is lower than MVLL's 1.50% expense ratio.

Dividends

SOFA vs. MVLL - Dividend Comparison

SOFA's dividend yield for the trailing twelve months is around 0.37%, while MVLL has not paid dividends to shareholders.

Position	TTM
MVLL GraniteShares 2x Long MRVL Daily ETF	0.00%
SOFA Direxion Daily SOFI Bull 2X ETF	0.37%

Frequently Asked Questions

Can I hold both SOFA and MVLL in my portfolio?

SOFA and MVLL have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SOFA or MVLL?

On fees, SOFA is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SOFA or MVLL?

SOFA is cheaper with a 0.97% expense ratio, compared with 1.50% for MVLL.

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

SOFA has the higher dividend yield at 0.37%, compared with 0.00% for MVLL.

What is the main difference between SOFA and MVLL?

SOFA tracks SoFi Technologies, Inc. (SOFI), while MVLL tracks Marvell Technology Inc. (MRVL). They also come from different issuers: Direxion and GraniteShares. Their fees differ too: 0.97% for SOFA and 1.50% for MVLL.