Data as of .
MRVU vs MRVX: which held to its multiple?
Over the days both have traded, MRVU finished 6.6 points from its stated multiple and MRVX 6.9.
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| MRVU | MRVX | MRVU | MRVX | MRVU | MRVX | |
| 1 month | +10.9% | +10.6% | +17.5% | +17.5% | −6.6 pts | −6.9 pts |
| 3 months | −43.9% | not published | −31.1% | not published | −12.8 pts | not published |
| 6 months | +339.9% | not published | not meaningful | not published | not meaningful | not published |
| Since launch | +389.1% | −3.9% | not meaningful | +12.3% | not meaningful | −16.2 pts |
| MRVU Direxion Daily MRVL Bull 2X ETF Aims to return twice the daily move of MRVL | MRVX Corgi MRVL 2x Daily ETF Aims to return twice the daily move of MRVL | |
|---|---|---|
| Issuer | Direxion | not established |
| Sets out to return | +2x | +2x |
| On | MRVL | MRVL |
| Segment | company | company |
| Fund returned, 3 months | −43.9% | +10.6% |
| Underlying returned, 3 months | −15.6% | +8.8% |
| What the stated multiple implies, 3 months | −31.1% | +17.5% |
| Difference from stated, 3 months | −12.8 pts | −6.9 pts |
| Fund returned, 1 year or since launch | +389.1% | −3.9% |
| Difference from stated, over that window | not available | −16.2 pts |
| Underlying volatility | 91% | 78% |
| Difference over the days both have traded | −6.6 pts | −6.9 pts |
| Expense ratio | 0.97% | 1.29% |
| Launched | Feb 11, 2026 | Jul 14, 2026 |
MRVU in plain words
Three months to Sep 11, 2026: MRVU returned −43.9% where its own daily promise gave −42.2%, 1.8 points short. Read the multiple against the whole window instead and +2 times MRVL's −15.6% implies −31.1%, which makes MRVU look 12.8 points short. 11.0 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. MRVU aims to return +2 times MRVL's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. MRVL moved at 91% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
MRVX in plain words
One month to Sep 11, 2026: MRVX returned +10.6% where its own daily promise gave +12.3%, 1.7 points short. Read the multiple against the whole window instead and +2 times MRVL's 8.8% implies +17.5%, which makes MRVX look 6.9 points short. 5.2 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. MRVX aims to return +2 times MRVL's move each day, then resets. MRVL moved at 78% annualized over that window.
Questions people ask
- Which came closer to its stated multiple, MRVU or MRVX?
- Over the window to Sep 11, 2026, MRVU finished 12.8 points from what its multiple implies and MRVX finished 6.9 points from its own, so MRVX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are MRVU and MRVX levered on the same thing?
- Yes. Both are levered on MRVL, MRVU at +2 times and MRVX at +2 times the daily move.
- Which one decays faster, MRVU or MRVX?
- Decay follows how much the underlying moves about. Over this window MRVU’s moved at 91% annualized and MRVX’s at 78%, so MRVU has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold MRVU or MRVX for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
- Which is cheaper, MRVU or MRVX?
- MRVU charges 0.97% a year and MRVX charges 1.29%, so MRVU is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, MRVU against MRVX, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/MRVU-MRVX Free to use with attribution; the underlying files are at Open data.