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MRVU

GradeBNASDAQ Global Market

Direxion Daily MRVL Bull 2X ETF

Leveraged · Single-Stock Leveraged · Direxion · Inception 2026-02-11 · SEC filings

This fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$141.65−3.77 (−2.59%)

As of Sep 23, 2026, 3:09 PM EDT

History starts Feb 11, 2026.History starts Feb 11, 2026.
Intraday session: down, 64 prints from 145.42 to 141.65. Range 139.09 to 147.92. Use the arrow keys to read each point.$140.00$144.00$146.00$148.0010 AM12 PM2 PM4 PM
Expense ratio
0.99%
Fund size
$120M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0.3M sh
NAV per share
$123.50
52W range
low $20.80high $308.77

The ETF.net MRVU Grade

B

59/ 100

Rank 44 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for MRVU. Scores out of 100: Cost 51, Risk 60, Mission 94, Tradability 71, Holdings not scored, Durability 72. Strongest: Mission (94). Weakest: Cost (51). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 59 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 51
    Category rank191/380 · top 50%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 94
    Category rank65/147 · top 44%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 60
    Category rank90/285 · top 32%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 71
    Category rank78/380 · top 21%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 72
    Category rank56/380 · top 15%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on MRVU

ETF.net Research

BTwo ETFs offer 2x daily Marvell. MRVU is the cheap one: 0.99% a year against 2.52% for the other. A daily-reset trading tool on the custom-AI-silicon designer, not a buy-and-hold holding.

Stated mandate

The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of Marvell Technology, Inc.'s common shares.

Why people hold it

  1. 01Fee of 0.99% a year undercuts the leveraged single-stock median and is well under half the 2.52% charged by the only other 2x Marvell ETF, MVLL.
  2. 02One ticker, 200% of Marvell's daily move, no margin account or options chain. Most you can lose is what you put in.direxion.com
  3. 03Marvell designs custom AI silicon and the interconnect gear that shuttles data inside AI data centers. Concentrated, high-voltage semis exposure.marvell.com
  4. 04Sits in the upper half of a 200-plus fund leveraged single-stock field, and it is moderately traded rather than a thin, hard-to-exit listing.

Worth knowing

  1. 01The 2x target resets daily. Over weeks, a choppy path in MRVL can leave you far from twice the stock's move, even if the stock ends higher.direxion.com
  2. 02One company, zero diversification, and the leverage doubles the down days too. Position sizing matters more here than in a broad fund.direxion.com
  3. 03Launched in 2026, so the track record is short and the risk picture rests on limited history.

MRVU Holdings

As of Sep 22, 2026, 10:02 PM
Asset class
Stocks
Holdings
—
Top-10 weight
100%
Largest holding
MRVL SWAP ASSET LEG (MRVLMLL)27.3%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—MRVL SWAP ASSET LEG (MRVLMLL)27.31%390,048$100M1
002—MRVL SWAP ASSET LEG (MRVLGSL)19.78%282,423$73M1
003—MRVL SWAP ASSET LEG (MRVLBCL)14.06%200,842$52M1
004—GOLDMAN FINL SQ TRSRY INST 50611.39%41,880,003$42M100
005—DREYFUS TRSRY SECURITIES CASH MGMT8.44%31,040,221$31M82
006MRVLMARVELL TECHNOLOGY INC6.47%92,466$24M458
007—MRVL SWAP ASSET LEG (MRVLCTL)4.64%66,333$17M1
008—GOLDMAN SACHS FIN GOV 465 INSTITUT3.95%14,510,000$15M75
009—DREYFUS GOVT CASH MAN INS3.54%12,998,165$13M108
010—MRVL SWAP ASSET LEG (MRVLBPL)0.23%3,319$854K1
011—MRVL SWAP ASSET LEG (MRVLNML)0.18%2,526$650K1

Showing 1–11 of 11 holdings

MRVU Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

MRVU$5,810
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. MRVU $5,810. SPY $10,415. Use the arrow keys to read each point.$1,878$6,481$11,085Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for MRVU. Periods over one year show the average yearly return.
PeriodMRVU
Year to dateFund launched this year—
1 month+16.5%
3 months−41.9%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MRVU
YearReturn barMRVU
2026 YTD+494.7%

Since listing, Feb 11, 2026

MRVU in the news

ETF.net Research hasn’t filed on MRVU yet — coverage lands here as it’s written.

MRVU Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Upcoming payment
$0.38 per share
Pays on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 3 payments in 2026 YTD. Mar 24, 2026 $0.05; Jun 23, 2026 $0.35; Sep 22, 2026 $0.38. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Pays Sep 29, 2026$0.38
Jun 23, 2026Jun 30, 2026$0.35
Mar 24, 2026Mar 31, 2026$0.05

MRVU Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
8.41
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

MRVU Cost

Expense ratio0.99%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

165 of the 329 Single-Stock Long Leveraged funds charge less.

MRVU costs $99.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.