TDAX vs. MVLL
TDAX (TDAQ Lift ETF) and MVLL (GraniteShares 2x Long MRVL Daily ETF) are both Leveraged Equities funds. TDAX is actively managed, while MVLL is passively managed. A 0.66 correlation means they provide meaningful diversification when combined. TDAX charges 0.98%/yr vs 1.50%/yr for MVLL.
Performance
TDAX vs. MVLL - Performance Comparison
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Returns By Period
TDAX
- 1D
- -1.09%
- 1M
- -4.01%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MVLL
- 1D
- -2.00%
- 1M
- 60.63%
- YTD
- 595.97%
- 6M
- 570.87%
- 1Y
- 589.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TDAX vs. MVLL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TDAX TDAQ Lift ETF | 12.52% |
MVLL GraniteShares 2x Long MRVL Daily ETF | 548.89% |
Correlation
The correlation between TDAX and MVLL is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 7, 2026 | 0.66 |
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Return for Risk
TDAX vs. MVLL — Risk / Return Rank
TDAX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MVLL
TDAX vs. MVLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TDAQ Lift ETF (TDAX) 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.
| TDAX | MVLL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.48 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 12.16 | — |
| Martin ratioReturn relative to average drawdown | — | 24.48 | — |
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Drawdowns
TDAX vs. MVLL - Drawdown Comparison
The maximum TDAX drawdown since its inception was -14.69%, smaller than the maximum MVLL drawdown of -59.02%. Use the drawdown chart below to compare losses from any high point for TDAX and MVLL.
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Drawdown Indicators
| TDAX | MVLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.69% | -59.02% | +44.33% |
Max Drawdown (1Y)Largest decline over 1 year | — | -48.93% | — |
Current DrawdownCurrent decline from peak | -7.58% | -32.58% | +25.00% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -22.43% | +18.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 24.26% | — |
Volatility
TDAX vs. MVLL - Volatility Comparison
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Volatility by Period
| TDAX | MVLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 87.12% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 113.24% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 26.95% | 144.98% | -118.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.95% | 147.05% | -120.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.95% | 147.05% | -120.10% |
TDAX vs. MVLL - Expense Ratio Comparison
TDAX has a 0.98% expense ratio, which is lower than MVLL's 1.50% expense ratio.
Dividends
TDAX vs. MVLL - Dividend Comparison
TDAX's dividend yield for the trailing twelve months is around 9.01%, while MVLL has not paid dividends to shareholders.
| Position | TTM |
|---|---|
MVLL GraniteShares 2x Long MRVL Daily ETF | 0.00% |
TDAX TDAQ Lift ETF | 9.01% |
Frequently Asked Questions
TDAX and MVLL have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TDAX is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TDAX is cheaper with a 0.98% expense ratio, compared with 1.50% for MVLL.
TDAX has the higher dividend yield at 9.01%, compared with 0.00% for MVLL.
They also come from different issuers: TappAlpha and GraniteShares. Their fees differ too: 0.98% for TDAX and 1.50% for MVLL.
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