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Launched · SEC filings

Direxion Daily MRVL Bull 2X ETF

MRVUNasdaqDirexionBThis 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.

$55.79−19.34 (−25.74%)

At close: Nov 2, 2026, 4:00 PM ET

B58/ 100

Rank 54 of 380 in Single-Stock Long Leveraged

B58/100Rank 54 of 380inSingle-Stock Long Leveraged
Intraday session: down, 79 prints from 75.13 to 55.79. Range 53.84 to 70.47. Use the arrow keys to read each point.60.0065.0070.0010 AM12 PM2 PM4 PM
Expense ratio
0.97%*
Fund size
$66M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
11
Avg volume · 30D
187K sh
52W range
low $20.80high $308.77
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Sep 1, 2027. Without it: 0.99%.

The ETF.net MRVU Grade

Based on 5 of 6 pillars

B

Score 58 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
54 of 380
Six-pillar profile for MRVU. Scores out of 100: Cost 54, Risk 59, Mission 95, Tradability 61, Holdings not scored, Durability 71. Strongest: Mission (95). Weakest: Cost (54). Based on 5 of 6 pillars.

Score 58 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C54 out of 100
    Rank 169 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A95 out of 100
    Rank 40 of 150

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B59 out of 100
    Rank 118 of 368

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B61 out of 100
    Rank 127 of 380

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A71 out of 100
    Rank 58 of 380

Our read on MRVU

ETF.net Research

In short

B2x Marvell's daily move in a single ticker, from the house that built the daily leveraged ETF playbook. The fee runs 0.97% net of a waiver through September 1, 2027, undercutting the rival 2x Marvell fund.

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

  • 0.97% net of a waiver through September 1, 2027 (0.99% gross). Near the category median, and far under MVLL at 1.50% net of a waiver through December 31, 2026 (2.52% gross).
  • Closely tracks its 200% daily target, one of the stronger implementations in the leveraged single-stock bull pack.
  • Geared MRVL exposure in one ticker: no margin account, no options chain, no financing leg to roll yourself.direxion.com
  • Moderately traded with a mid-size asset base, so retail-size orders are not fighting for air.

Worth knowing

  • Daily reset compounds. Direxion says the fund should not be expected to track MRVL over periods longer than one day, and it can lose money even if MRVL rises over a longer stretch.direxion.com
  • Everything rides on one data-infrastructure chipmaker. Marvell's earnings gaps and AI news flow land here at double speed.marvell.com
  • Launched February 2026, so the record is short, and the fee can step to the 0.99% gross rate once the waiver ends September 1, 2027.

MRVU Performance

Launched Feb 11, 2026

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

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
MRVU$6,793
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,093
Jul 31, 2026 to Nov 2, 2026. MRVU $6,793. SPY $10,093. Use the arrow keys to read each point.$10,000$15,000$20,000Jul 2026Sep 2026Nov 2026

Jul 31, 2026 – Nov 2, 2026

Returns run to the Nov 2, 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 yearNo data
1 month−64.2%
3 months−32.1%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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+128.1%

Since listing, Feb 11, 2026

MRVU in the news

MRVU Dividends

Last payment
$0.38 per share
Paid 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, 2026Sep 29, 2026$0.38
Jun 23, 2026Jun 30, 2026$0.35
Mar 24, 2026Mar 31, 2026$0.05

MRVU Risk

Risk pillarB59 out of 100Rank 118 of 368 in Single-Stock Long Leveraged

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.
8.08
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.

FMP measures it over up to five years of monthly returns.

MRVU Cost

Compare MRVU and GOGL

Overpaying vs GOGL, tied cheapest in Single-Stock Long Leveraged

$14,043

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MRVU 0.97%

    $18,198

  • GOGL 0.20% Tied cheapest

    $4,155

$10,000
30 years

Cost over time

  • MRVU 0.97%
  • GOGL 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530MRVU $18,198GOGL $4,155

Year by year

YearMRVUGOGLOverpaying
10$1,712$365$1,347
20$6,443$1,421$5,022
30$18,198$4,155$14,043
How the 0.97% is worked out

Full fee 0.99%− waiver 0.02%= you pay 0.97%

The waiver ends Sep 1, 2027. After that the fee is 0.99% unless Direxion renews it. Source: prospectus, Mar 2026.

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