SOUX vs. MULL
SOUX (Defiance Daily Target 2X Long SOUN ETF) and MULL (GraniteShares 2x Long MU Daily ETF) are both Leveraged Equities funds. Over the past year, SOUX returned -84.20% vs 3263.97% for MULL. At a 0.28 correlation, their price movements are largely independent. SOUX charges 1.29%/yr vs 1.50%/yr for MULL.
Performance
SOUX vs. MULL - Performance Comparison
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Returns By Period
In the year-to-date period, SOUX achieves a -73.15% return, which is significantly lower than MULL's 769.80% return.
SOUX
- 1D
- -12.24%
- 1M
- -41.95%
- YTD
- -73.15%
- 6M
- -78.43%
- 1Y
- -84.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MULL
- 1D
- -1.17%
- 1M
- 67.02%
- YTD
- 769.80%
- 6M
- 757.79%
- 1Y
- 3,263.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOUX vs. MULL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SOUX Defiance Daily Target 2X Long SOUN ETF | -73.15% | -41.14% |
MULL GraniteShares 2x Long MU Daily ETF | 769.80% | 322.90% |
Correlation
The correlation between SOUX and MULL is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2025 | 0.28 |
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Return for Risk
SOUX vs. MULL — Risk / Return Rank
SOUX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MULL
SOUX vs. MULL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long SOUN ETF (SOUX) and GraniteShares 2x Long MU Daily ETF (MULL). 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.
| SOUX | MULL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.70 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 62.37 | — |
| Martin ratioReturn relative to average drawdown | — | 200.79 | — |
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Drawdowns
SOUX vs. MULL - Drawdown Comparison
The maximum SOUX drawdown since its inception was -95.27%, which is greater than MULL's maximum drawdown of -72.29%. Use the drawdown chart below to compare losses from any high point for SOUX and MULL.
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Drawdown Indicators
| SOUX | MULL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.27% | -72.29% | -22.98% |
Max Drawdown (1Y)Largest decline over 1 year | -95.27% | -53.09% | -42.18% |
Current DrawdownCurrent decline from peak | -95.27% | -27.31% | -67.96% |
Average DrawdownAverage peak-to-trough decline | -61.11% | -20.53% | -40.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 16.67% | — |
Volatility
SOUX vs. MULL - Volatility Comparison
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Volatility by Period
| SOUX | MULL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 74.81% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 119.35% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 161.88% | 145.70% | +16.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 161.88% | 142.32% | +19.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 161.88% | 142.32% | +19.56% |
SOUX vs. MULL - Expense Ratio Comparison
SOUX has a 1.29% expense ratio, which is lower than MULL's 1.50% expense ratio.
Dividends
SOUX vs. MULL - Dividend Comparison
SOUX's dividend yield for the trailing twelve months is around 75.59%, more than MULL's 0.04% yield.
| Position | TTM | 2025 |
|---|---|---|
MULL GraniteShares 2x Long MU Daily ETF | 0.04% | 0.39% |
SOUX Defiance Daily Target 2X Long SOUN ETF | 75.59% | 20.29% |
Frequently Asked Questions
SOUX and MULL have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, MULL leads with 3263.97% vs -84.20% for SOUX. On fees, SOUX is cheaper at 1.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MULL has performed better with a 3263.97% return vs -84.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOUX is cheaper with a 1.29% expense ratio, compared with 1.50% for MULL.
SOUX has the higher dividend yield at 75.59%, compared with 0.04% for MULL.
They also come from different issuers: Defiance and GraniteShares. Their fees differ too: 1.29% for SOUX and 1.50% for MULL.
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