# MRVU (Direxion Daily MRVL Bull 2X ETF)

Direxion · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: MRVU returned −43.9% where its own daily promise gave −42.2%, 1.8 points short.

## Key facts

- MRVU, what MRVL did: −15.6%, as of Sep 11, 2026.
- MRVU, what +2 times a day gives: −42.2%, as of Sep 11, 2026.
- MRVU, what the fund returned: −43.9%, as of Sep 11, 2026.
- MRVU, the fund itself cost: −1.8 pts, as of Sep 11, 2026.
- MRVU, net assets: $34m (source, as filed for Apr 30, 2026).
- MRVU, expense ratio: 0.97% (485BPOS XBRL, Feb 26, 2026).

## MRVU over each window to Sep 11, 2026

| Window | Fund | MRVL | +2x the move | Difference | MRVL moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +10.9% | +8.8% | +17.5% | −6.6 pts | 78% |
| 3 months | −43.9% | −15.6% | −31.1% | −12.8 pts | 91% |
| 6 months | +339.9% | +168.9% | not meaningful over this window | not meaningful over this window | 97% |
| Since launch | +389.1% | +190.5% | not meaningful over this window | not meaningful over this window | 94% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of MRVL, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.82 times, against +2 stated | ETFIQ |
| Underlying | MRVL | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $34m | source, as filed for Apr 30, 2026 |
| Expense ratio | 0.97% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Feb 11, 2026 | ETFIQ |
| Underlying volatility over the window | 91% annualized | ETFIQ |

## Questions

### Did MRVU return +2 times MRVL?

Over the window to Sep 11, 2026, MRVL moved −15.6% and MRVU returned −43.9%. 2 times that move is −31.1%, so the fund came out 12.8 points short of it.

### Why does MRVU not return +2 times over a year?

Because it resets daily. MRVU aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.

### Which +2x MRVL ETF tracked its stated multiple most closely?

3 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic.


## Cite this page

ETFIQ, MRVU, data as of Sep 11, 2026. https://etfiq.com/funds/MRVU
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/MRVU  ·  JSON: https://etfiq.com/funds/MRVU.json