Data as of .
MRVX vs MVLL: which held to its multiple?
Over the days both have traded, MRVX finished 6.9 points from its stated multiple and MVLL 7.0.
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| MRVX | MVLL | MRVX | MVLL | MRVX | MVLL | |
| 1 month | +10.6% | +10.5% | +17.5% | +17.5% | −6.9 pts | −7.0 pts |
| 3 months | not published | −45.4% | not published | −31.1% | not published | −14.2 pts |
| 6 months | not published | +317.5% | not published | not meaningful | not published | not meaningful |
| 1 year | not published | +482.1% | not published | not meaningful | not published | not meaningful |
| Since launch | −3.9% | +267.0% | +12.3% | not meaningful | −16.2 pts | not meaningful |
| MRVX Corgi MRVL 2x Daily 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 | not established | GraniteShares |
| Sets out to return | +2x | +2x |
| On | MRVL | MRVL |
| Segment | company | company |
| Fund returned, 3 months | +10.6% | −45.4% |
| Underlying returned, 3 months | +8.8% | −15.6% |
| What the stated multiple implies, 3 months | +17.5% | −31.1% |
| Difference from stated, 3 months | −6.9 pts | −14.2 pts |
| Fund returned, 1 year or since launch | −3.9% | +482.1% |
| Difference from stated, over that window | −16.2 pts | not available |
| Underlying volatility | 78% | 91% |
| Difference over the days both have traded | −6.9 pts | −7.0 pts |
| Expense ratio | 1.29% | 1.50% |
| Launched | Jul 14, 2026 | Mar 7, 2025 |
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. 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 78% 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. 11.0 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. MVLL aims to return +2 times MRVL's move each day, then resets. MRVL moved at 91% annualized over that window.
Questions people ask
- Which came closer to its stated multiple, MRVX or MVLL?
- Over the window to Sep 11, 2026, MRVX finished 6.9 points from what its multiple implies and MVLL finished 14.2 points from its own, so MRVX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are MRVX and MVLL levered on the same thing?
- Yes. Both are levered on MRVL, MRVX at +2 times and MVLL at +2 times the daily move.
- Which one decays faster, MRVX or MVLL?
- Decay follows how much the underlying moves about. Over this window MRVX’s moved at 78% annualized and MVLL’s at 91%, so MVLL has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold MRVX 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, MRVX or MVLL?
- MRVX charges 1.29% a year and MVLL charges 1.50%, so MRVX 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, MRVX against MVLL, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/MRVX-MVLL Free to use with attribution; the underlying files are at Open data.