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MVLL

GradeCNASDAQ Global Select

GraniteShares 2x Long MRVL Daily ETF

Leveraged · Single-Stock Leveraged · GraniteShares · Inception 2025-03-07

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.

$34.70−0.93 (−2.61%)

As of Sep 23, 2026, 3:10 PM EDT

History starts Mar 7, 2025.
Intraday session: down, 69 prints from 35.63 to 34.70. Range 34.01 to 35.96. Use the arrow keys to read each point.$34.00$35.00$35.50$36.0010 AM12 PM2 PM4 PM
Expense ratio
2.52%
Fund size
$474M
1Y return
+455.0%
Yield · Last 12 months
—
Holdings
2
Volume · 30D
5.5M sh
NAV per share
$34.30
52W range
low $4.83high $77.67

The ETF.net MVLL Grade

C

41/ 100

Rank 126 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for MVLL. Scores out of 100: Cost 2, Risk 62, Mission 97, Tradability 89, Holdings not scored, Durability 81. Strongest: Mission (97). Weakest: Cost (2). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 41 of 100 sits in the C 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.
    FScore 2
    Category rank374/380 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 97
    Category rank22/147 · top 15%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 62
    Category rank85/285 · top 30%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 89
    Category rank19/380 · top 5%

  • 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 81
    Category rank15/380 · top 4%

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

Our read on MVLL

ETF.net Research

CMarvell's data-center chip story with the volume doubled: MVLL aims for 2x MRVL's daily move, resetting every close. It got to that trade first and hits the target closely. The trade-off is a rich fee.

Stated mandate

The Fund seeks daily investment results, before fees and expenses, equal to twice the daily percentage change of Marvell Technology, Inc.

Why people hold it

  1. 01First 2x Marvell fund to market, trading since March 2025. Direxion's rival MRVU didn't arrive until 2026.robinhood.com
  2. 02Lands close to its stated 2x daily target, one of the tighter implementations among leveraged single-stock funds, and it trades actively enough to get in and out at a fair price.
  3. 03Doubled exposure from a plain brokerage account: no margin account to open, no margin calls, and no way to lose more than you put in.graniteshares.com

Worth knowing

  1. 01The 2.52% expense ratio is the toll here: more than double the typical 2x single-stock fund, and Direxion's MRVU runs the same trade at 0.99%.
  2. 02The 2x aim applies to one day, then resets. GraniteShares says plainly not to expect 2x Marvell's cumulative move over longer stretches, because compounding bends the math.graniteshares.com
  3. 03Everything rides on a single data-infrastructure semiconductor stock, amplified in both directions. It's a short-horizon trading tool, not an income holding.graniteshares.com

MVLL Holdings

As of Sep 21, 2026, 4:07 AM
Asset class
Other
Holdings
2
Top-10 weight
100%
Largest holding
MRVL SWAP66.7%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—MRVL SWAP66.68%7,224,988$1.7B1
002—US Dollars33.32%869,347,950$869M85

Showing 1–2 of 2 holdings

MVLL Performance

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

MVLL$55,498
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. MVLL $55,498. SPY $11,723. Use the arrow keys to read each point.$403$56,768$113,133Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – 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 MVLL. Periods over one year show the average yearly return.
PeriodMVLL
Year to date+396.2%
1 month+15.9%
3 months−43.3%
1 year+455.0%
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 MVLL
YearReturn barMVLL
2026 YTD+396.2%
2025−10.1%

Since listing, Mar 7, 2025

MVLL in the news

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

MVLL Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

MVLL 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.
186.8%
Annualised · 17 months to Aug 2026
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.
1.24
vs 3-month T-bills · 17 months to Aug 2026
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.
−78.9%
18 months · trough Jul 2026
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.
8.34
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.

MVLL Cost

Expense ratio2.52%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

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

MVLL costs $252.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.