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

Over the window to Sep 30, 2026, MRVU finished 17.2 points from what its multiple implies and MVLL finished 18.8 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 Marvell Technology, 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 82% annualized and MVLL’s at 82%, 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.

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MRVU vs MVLL: which held to its multiple?

Over the days both have traded, MRVU finished 1.0 points from its stated multiple and MVLL 0.1. Direxion Daily MRVL Bull 2X ETF and GraniteShares 2x Long MRVL Daily ETF.

−22.9%

MRVU returned, 3 months

−24.5%

MVLL returned, 3 months

−17.2 pts

MRVU from its stated multiple

−18.8 pts

MVLL 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%

MVLL · 3 months to Sep 30, 202618.8 pts short of its stated multiple

MVLL returned −24.5% while 2 times MRVL's move would have been −5.7%

ETFIQ Decay Resistance Score · MRVU scores higherDid it keep up with its own daily multiple, compounded day by day?

MRVU 51.2

MVLL 21.3

0.1, the lowest in this set99.9, the highest

A percentile among the 470 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

	Total return		Multiple would give		Difference
Window	MRVU	MVLL	MRVU	MVLL	MRVU	MVLL
1 month	+50.6%	+49.8%	+49.7%	+49.7%	+1.0 pts	+0.1 pts
3 months	−22.9%	−24.5%	−5.7%	−5.7%	−17.2 pts	−18.8 pts
6 months	+280.4%	+259.2%	not meaningful	not meaningful	not meaningful	not meaningful
1 year	not published	+354.4%	not published	not meaningful	not published	not meaningful
Since launch MRVU Feb 2026 · MVLL Mar 2025	+500.0%	+347.9%	not meaningful	not meaningful	not meaningful	not meaningful

MRVU and MVLL 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)

MVLL

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

Issuer Direxion GraniteShares

Sets out to return +2x +2x

Underlying asset MRVL MRVL

Segment company company

Fund returned, 3 months or since launch −22.9% −24.5%

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

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

Difference from stated, over that window −17.2 pts −18.8 pts

Fund returned, 1 year or since launch +500.0% +354.4%

Difference from stated, over that window not available not available

Underlying volatility 82% 82%

Difference over the days both have traded +1.0 pts +0.1 pts

Expense ratio 0.97% 1.50%

Launched Feb 11, 2026 Mar 7, 2025

Net assets $132m $419m

MRVU and MVLL 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.

MVLL in plain words

Three months to Sep 30, 2026: MVLL returned −24.5% where its own daily promise gave −20.4%, 4.1 points short. Read the multiple against the whole window instead and 2 times MRVL's −2.9% implies −5.7%, which makes MVLL look 18.8 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 30, 2026, MRVU finished 17.2 points from what its multiple implies and MVLL finished 18.8 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 Marvell Technology, 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 82% annualized and MVLL’s at 82%, 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

MRVU vs MRVX MVLL vs MRVX

MRVU on its own →MVLL 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 ↗MVLL filings on SEC EDGAR ↗MVLL prospectus with the expense ratio (SEC) ↗GraniteShares page for MVLL ↗

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 MVLL, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/mrvu-vs-mvll

Open data

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