TBXU vs. MVLL
TBXU (Direxion Daily Biotech Top 5 Bull 2X ETF) and MVLL (GraniteShares 2x Long MRVL Daily ETF) are both Leveraged Equities funds. TBXU is actively managed, while MVLL is passively managed. At a 0.21 correlation, their price movements are largely independent. TBXU charges 0.98%/yr vs 1.50%/yr for MVLL.
Performance
TBXU vs. MVLL - Performance Comparison
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Returns By Period
In the year-to-date period, TBXU achieves a -1.39% return, which is significantly lower than MVLL's 590.25% return.
TBXU
- 1D
- 4.10%
- 1M
- 1.42%
- YTD
- -1.39%
- 6M
- -3.42%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MVLL
- 1D
- -33.13%
- 1M
- 99.48%
- YTD
- 590.25%
- 6M
- 396.79%
- 1Y
- 787.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TBXU vs. MVLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TBXU Direxion Daily Biotech Top 5 Bull 2X ETF | -1.39% | 18.24% |
MVLL GraniteShares 2x Long MRVL Daily ETF | 590.25% | -8.40% |
Correlation
The correlation between TBXU and MVLL is 0.21, 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 Oct 2, 2025 | 0.21 |
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Return for Risk
TBXU vs. MVLL — Risk / Return Rank
TBXU
MVLL
TBXU vs. MVLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Biotech Top 5 Bull 2X ETF (TBXU) 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
| TBXU | MVLL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 5.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 2.35 | -1.73 |
Drawdowns
TBXU vs. MVLL - Drawdown Comparison
The maximum TBXU drawdown since its inception was -26.53%, smaller than the maximum MVLL drawdown of -59.02%. Use the drawdown chart below to compare losses from any high point for TBXU and MVLL.
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Drawdown Indicators
| TBXU | MVLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.53% | -59.02% | +32.49% |
Max Drawdown (1Y)Largest decline over 1 year | — | -48.93% | — |
Current DrawdownCurrent decline from peak | -17.29% | -33.13% | +15.84% |
Average DrawdownAverage peak-to-trough decline | -8.79% | -22.38% | +13.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 23.55% | — |
Volatility
TBXU vs. MVLL - Volatility Comparison
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Volatility by Period
| TBXU | MVLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 76.12% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 104.23% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 41.38% | 137.34% | -95.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.38% | 142.73% | -101.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.38% | 142.73% | -101.35% |
TBXU vs. MVLL - Expense Ratio Comparison
TBXU has a 0.98% expense ratio, which is lower than MVLL's 1.50% expense ratio.
Dividends
TBXU vs. MVLL - Dividend Comparison
TBXU's dividend yield for the trailing twelve months is around 1.68%, while MVLL has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
MVLL GraniteShares 2x Long MRVL Daily ETF | 0.00% | 0.00% |
TBXU Direxion Daily Biotech Top 5 Bull 2X ETF | 1.68% | 1.33% |
Frequently Asked Questions
TBXU and MVLL have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TBXU is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TBXU is cheaper with a 0.98% expense ratio, compared with 1.50% for MVLL.
TBXU has the higher dividend yield at 1.68%, compared with 0.00% for MVLL.
They also come from different issuers: Direxion and GraniteShares. Their fees differ too: 0.98% for TBXU and 1.50% for MVLL.
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