Data as of .
MRVU vs MVLL: which held to its multiple?
Over the days both have traded, MRVU finished 6.6 points from its stated multiple and MVLL 7.0.
ETFIQ Decay Resistance Score: MRVU scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 391 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| MRVU | MVLL | MRVU | MVLL | MRVU | MVLL | |
| 1 month | +10.9% | +10.5% | +17.5% | +17.5% | −6.6 pts | −7.0 pts |
| 3 months | −43.9% | −45.4% | −31.1% | −31.1% | −12.8 pts | −14.2 pts |
| 6 months | +339.9% | +317.5% | not meaningful | not meaningful | not meaningful | not meaningful |
| 1 year | not published | +482.1% | not published | not meaningful | not published | not meaningful |
| Since launch | +389.1% | +267.0% | not meaningful | not meaningful | not meaningful | not meaningful |
| MRVU Direxion Daily MRVL Bull 2X ETF Aims to return twice the daily move of MRVL | MVLL GraniteShares 2x Long MRVL Daily ETF Aims to return twice the daily move of MRVL | |
|---|---|---|
| Issuer | Direxion | GraniteShares |
| Sets out to return | +2x | +2x |
| On | MRVL | MRVL |
| Segment | company | company |
| Fund returned, 3 months | −43.9% | −45.4% |
| Underlying returned, 3 months | −15.6% | −15.6% |
| What the stated multiple implies, 3 months | −31.1% | −31.1% |
| Difference from stated, 3 months | −12.8 pts | −14.2 pts |
| Fund returned, 1 year or since launch | +389.1% | +482.1% |
| Difference from stated, over that window | not available | not available |
| Underlying volatility | 91% | 91% |
| Difference over the days both have traded | −6.6 pts | −7.0 pts |
| Expense ratio | 0.97% | 1.50% |
| Launched | Feb 11, 2026 | Mar 7, 2025 |
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.
MVLL in plain words
Three months to Sep 11, 2026: MVLL returned −45.4% where its own daily promise gave −42.2%, 3.2 points short. Read the multiple against the whole window instead and +2 times MRVL's −15.6% implies −31.1%, which makes MVLL look 14.2 points short. MVLL aims to return +2 times MRVL's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, MRVU or MVLL?
- Over the window to Sep 11, 2026, MRVU finished 12.8 points from what its multiple implies and MVLL finished 14.2 points from its own, so MRVU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are MRVU and MVLL levered on the same thing?
- Yes. Both are levered on MRVL, MRVU at +2 times and MVLL at +2 times the daily move.
- Which one decays faster, MRVU or MVLL?
- Decay follows how much the underlying moves about. Over this window MRVU’s moved at 91% annualized and MVLL’s at 91%, so MRVU has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold MRVU or MVLL 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 MVLL?
- MRVU charges 0.97% a year and MVLL charges 1.50%, 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 MVLL, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/MRVU-MVLL Free to use with attribution; the underlying files are at Open data.