Which came closer to its stated multiple, MRVU or MRVX?

Over the window to Sep 30, 2026, MRVU finished 17.2 points from what its multiple implies and MRVX finished 0.3 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 Marvell Technology, 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 82% annualized and MRVX’s at 54%, 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.

Share on X Download as PDF Open live

MRVU vs MRVX: which held to its multiple?

Over the days both have traded, MRVU finished 1.0 points from its stated multiple and MRVX 0.3. Direxion Daily MRVL Bull 2X ETF and Corgi MRVL 2x Daily ETF.

−22.9%

MRVU returned, 3 months

+18.1%

MRVX returned, since launch

−17.2 pts

MRVU from its stated multiple

−19.4 pts

MRVX from its stated multiple

MRVU · 3 months to Sep 30, 202617.2 pts short of its stated multiple

MRVU returned −22.9% while 2 times MRVL's move would have been −5.7%

MRVX · 1 month to Sep 30, 2026On its stated multiple

MRVX returned +50.0% while 2 times MRVL's move would have been +49.7%

Performance, window by window

	Total return		Multiple would give		Difference
Window	MRVU	MRVX	MRVU	MRVX	MRVU	MRVX
1 month	+50.6%	+50.0%	+49.7%	+49.7%	+1.0 pts	+0.3 pts
3 months	−22.9%	not published	−5.7%	not published	−17.2 pts	not published
6 months	+280.4%	not published	not meaningful	not published	not meaningful	not published
Since launch MRVU Feb 2026 · MRVX Jul 2026	+500.0%	+18.1%	not meaningful	+37.6%	not meaningful	−19.4 pts

MRVU and MRVX over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

MRVU

Direxion Daily MRVL Bull 2X ETF · Aims to return twice the daily move of Marvell Technology (MRVL)

MRVX

Corgi MRVL 2x Daily ETF · Aims to return twice the daily move of Marvell Technology (MRVL)

Issuer Direxion Corgi

Sets out to return +2x +2x

Underlying asset MRVL MRVL

Segment company company

Fund returned, 3 months or since launch −22.9% +50.0%

Underlying returned, over that window −2.9% +24.8%

What the stated multiple implies, over that window −5.7% +49.7%

Difference from stated, over that window −17.2 pts +0.3 pts

Fund returned, 1 year or since launch +500.0% +18.1%

Difference from stated, over that window not available −19.4 pts

Underlying volatility 82% 54%

Difference over the days both have traded +1.0 pts +0.3 pts

Expense ratio 0.97% 1.29%

Launched Feb 11, 2026 Jul 14, 2026

Net assets $132m $2m

MRVU and MRVX on the same fields, as of Sep 30, 2026. Source: ETFIQ.

MRVU in plain words

Three months to Sep 30, 2026: MRVU returned −22.9% where its own daily promise gave −20.4%, 2.6 points short. Read the multiple against the whole window instead and 2 times MRVL's −2.9% implies −5.7%, which makes MRVU look 17.2 points short. 14.6 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 82% 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 30, 2026: MRVX returned +50.0% where its own daily promise gave +51.8%, 1.8 points short. Read the multiple against the whole window instead and 2 times MRVL's 24.8% implies +49.7%, which makes MRVX look 0.3 points over. 2.2 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 54% annualized over that window.

Questions people ask

Which came closer to its stated multiple, MRVU or MRVX?: Over the window to Sep 30, 2026, MRVU finished 17.2 points from what its multiple implies and MRVX finished 0.3 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 Marvell Technology, 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 82% annualized and MRVX’s at 54%, 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

MRVU vs MVLL MRVX vs MVLL

MRVU on its own →MRVX on its own →How every figure is computed →Standards and sources →

Where these figures came from

MRVU filings on SEC EDGAR ↗MRVU prospectus with the expense ratio (SEC) ↗Direxion website ↗MRVX filings on SEC EDGAR ↗MRVX prospectus with the expense ratio (SEC) ↗Corgi website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, MRVU against MRVX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/mrvu-vs-mrvx

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.