SOXL vs. MVLL

Last updated Jun 4, 2026

SOXL (Direxion Daily Semiconductor Bull 3X ETF) and MVLL (GraniteShares 2x Long MRVL Daily ETF) are both Leveraged Equities funds - SOXL tracks the ICE Semiconductor Index while MVLL tracks the Marvell Technology Inc. (MRVL). Both are passively managed. Over the past year, SOXL returned 1438.30% vs 1215.17% for MVLL. A 0.70 correlation means they provide meaningful diversification when combined. SOXL charges 0.75%/yr vs 1.50%/yr for MVLL.

Performance

SOXL vs. MVLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Semiconductor Bull 3X ETF (SOXL) 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, SOXL achieves a 567.48% return, which is significantly lower than MVLL's 842.68% return.

SOXL

• 1D: 5.34%
• 1M: 119.95%
• YTD: 567.48%
• 6M: 502.28%
• 1Y: 1,438.30%
• 3Y*: 135.13%
• 5Y*: 48.72%
• 10Y*: 65.39%

MVLL

• 1D: 7.14%
• 1M: 201.84%
• YTD: 842.68%
• 6M: 558.01%
• 1Y: 1,215.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOXL vs. MVLL - Yearly Performance Comparison

	2026 (YTD)	2025
SOXL Direxion Daily Semiconductor Bull 3X ETF	567.48%	102.61%
MVLL GraniteShares 2x Long MRVL Daily ETF	842.68%	-10.19%

Correlation

The correlation between SOXL and MVLL is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (All Time) Calculated using the full available price history since Mar 10, 2025	0.70

The correlation between SOXL and MVLL has been stable across timeframes, ranging from 0.68 to 0.70 - a consistent structural relationship.

SOXL vs. MVLL - Sectors Allocation Comparison

Sectors	SOXL	MVLL
Technology	100.0%	66.6%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

SOXL vs. MVLL — Risk / Return Rank

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

SOXL

SOXL Risk / Return Rank: 97
SOXL Sharpe Ratio Rank: 100
SOXL Sortino Ratio Rank: 95
SOXL Omega Ratio Rank: 95
SOXL Calmar Ratio Rank: 99
SOXL Martin Ratio Rank: 99

MVLL

MVLL Risk / Return Rank: 96
MVLL Sharpe Ratio Rank: 99
MVLL Sortino Ratio Rank: 94
MVLL Omega Ratio Rank: 92
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.

SOXL vs. MVLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bull 3X ETF (SOXL) 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.

	SOXL	MVLL	Difference
Sharpe ratio: Return per unit of total volatility	14.28	9.23	+5.05
Sortino ratio: Return per unit of downside risk	5.17	4.79	+0.38
Omega ratio: Gain probability vs. loss probability	1.72	1.63	+0.09
Calmar ratio: Return relative to maximum drawdown	33.47	25.11	+8.36
Martin ratio: Return relative to average drawdown	114.79	52.27	+62.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOXL vs. MVLL - Sharpe Ratio Comparison

The current SOXL Sharpe Ratio is 14.28, which is higher than the MVLL Sharpe Ratio of 9.23. The chart below compares the historical Sharpe Ratios of SOXL and MVLL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SOXL	MVLL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	14.28	9.23	+5.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	3.33	-2.82

Drawdowns

SOXL vs. MVLL - Drawdown Comparison

The maximum SOXL drawdown since its inception was -90.46%, which is greater than MVLL's maximum drawdown of -59.02%. Use the drawdown chart below to compare losses from any high point for SOXL and MVLL.

Drawdown Indicators

	SOXL	MVLL	Difference
Max Drawdown Largest peak-to-trough decline	-90.46%	-59.02%	-31.44%
Max Drawdown (1Y) Largest decline over 1 year	-43.47%	-48.93%	+5.46%
Max Drawdown (3Y) Largest decline over 3 years	-87.88%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-90.46%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-90.46%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-35.01%	-22.42%	-12.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.65%	23.46%	-10.81%

Volatility

SOXL vs. MVLL - Volatility Comparison

The current volatility for Direxion Daily Semiconductor Bull 3X ETF (SOXL) is 40.82%, while GraniteShares 2x Long MRVL Daily ETF (MVLL) has a volatility of 60.78%. This indicates that SOXL 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.

Volatility by Period

	SOXL	MVLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	40.82%	60.78%	-19.96%
Volatility (6M) Calculated over the trailing 6-month period	81.29%	96.08%	-14.79%
Volatility (1Y) Calculated over the trailing 1-year period	102.11%	133.11%	-31.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.25%	139.63%	-32.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	99.04%	139.63%	-40.59%

SOXL vs. MVLL - Expense Ratio Comparison

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

Dividends

SOXL vs. MVLL - Dividend Comparison

SOXL's dividend yield for the trailing twelve months is around 0.03%, while MVLL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%	0.00%	0.00%
SOXL Direxion Daily Semiconductor Bull 3X ETF	0.03%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%

Frequently Asked Questions

Can I hold both SOXL and MVLL in my portfolio?

SOXL and MVLL have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SOXL or MVLL?

MVLL has higher volatility (60.78%) compared to SOXL (40.82%). In terms of maximum drawdown, SOXL dropped -90.46% vs MVLL's -59.02%.

Which ETF is better, SOXL or MVLL?

On 1-year performance, SOXL leads with 1438.30% vs 1215.17% for MVLL. On fees, SOXL is cheaper at 0.75% per year. On volatility, SOXL has been the lower-risk option at 40.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SOXL or MVLL?

Over the 1-year period, SOXL has performed better with a 1438.30% return vs 1215.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SOXL or MVLL?

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

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

SOXL has the higher dividend yield at 0.03%, compared with 0.00% for MVLL.

What is the main difference between SOXL and MVLL?

SOXL tracks ICE Semiconductor Index, while MVLL tracks Marvell Technology Inc. (MRVL). They also come from different issuers: Direxion and GraniteShares. Their fees differ too: 0.75% for SOXL and 1.50% for MVLL.

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (14.28 vs 9.23), 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.