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MVLL vs TSMG

GraniteShares 2x Long MRVL Daily ETF

MVLLCNasdaq

Leverage Shares 2x Long TSM Daily ETF

TSMGANasdaq

Overlap

Expense ratio

TSMG −1.21pt a year

MVLL1.97%TSMG0.76%

Avg volume · 30D

MVLL 47.8×the volume

MVLL3.3MTSMG69K

MVLL vs TSMG Performance

Oct 31, 2025 – Oct 30, 2026

+91.2%MVLL+40.8%TSMG

Oct 31, 2025 to Oct 30, 2026. MVLL +91.2%. TSMG +40.8%. Use the arrow keys to read each point.200%400%600%Oct 2025May 2026Oct 2026
Expense ratio
MVLL 1.97%
TSMG 0.76%, better
Fund size
MVLL $227M
TSMG $28M
1Y total return
MVLL +91.2%, better
TSMG +40.8%
Holdings
MVLL 2
TSMG 5
Avg volume (30D)
MVLL 3.3M sh, better
TSMG 69K sh
NAV per share
MVLL $22.72
TSMG $33.77
52W range

ETF.net Grade

MVLL: Cost 0, Risk 60, Mission 99, Tradability 93, Holdings not scored, Durability 81. TSMG: Cost 70, Risk 84, Mission 79, Tradability 74, Holdings not scored, Durability 67.
Pillar letters and Scores for MVLL, TSMG, with each pillar’s weight
PillarMVLLTSMG
Cost30% weightF0A70Higher
Mission25% weightA99HigherA79
Risk15% weightB60A84Higher
Tradability15% weightA93HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightA81HigherB67

Rank among Single-Stock Long Leveraged funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. MVLL and TSMG are both graded against the same 315 Single-Stock Long Leveraged funds, so their Grades compare head to head.

Single-Stock Long Leveraged⁠

Category · 315 funds
See all 315 ›

TSMG ranks 1st and MVLL 118th of 315 funds in the Single-Stock Long Leveraged Category.

  1. Rank 1ATSMGLeverage Shares 2x Long TSM Daily ETFScore 73
  2. Rank 2AUNHGLeverage Shares 2x Long UNH Daily ETFScore 72
  3. Rank 118CINTWGraniteShares 2x Long INTC Daily ETFScore 41
  4. Rank 118CMVLLGraniteShares 2x Long MRVL Daily ETFScore 41
  5. Rank 118CSNXXTradr 2X Long SNDK Daily ETFScore 41

Our read on each fund

ETF.net Research

MVLLCGraniteShares 2x Long MRVL Daily ETF

TSMGALeverage Shares 2x Long TSM Daily ETF

In short

MVLL Two times Marvell's daily move, reset every night. Trading since March 2025, MVLL is the longer-running of the two 2x MRVL funds, and it charges 1.50% net of a waiver through December 31, 2026.

TSMG Two times TSM, one day at a time. TSMG aims for 200% of Taiwan Semiconductor's daily move, no margin account required, at 0.75% a year, below what most leveraged single-stock funds charge.

Stated mandate

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

TSMG The fund seeks daily investment results equal to 200% of the daily performance of Taiwan Semiconductor Manufacturing Company Ltd stock, before fees and expenses.

Why people hold it

  • MVLL The mandate is literal: twice the daily percentage change of Marvell Technology stock, before fees. Day to day, the fund has stuck closely to that stated target.graniteshares.com
  • Actively traded by the standards of single-stock leverage, and it prices well on the exchange, which matters for the in-and-out trading this structure is built around.
  • Live since March 7, 2025, giving it a longer operating record than Direxion's MRVU, the other 2x MRVL fund, which launched in February 2026.graniteshares.comdirexion.com
  • TSMG Charges 0.75% a year, undercutting the 0.96% on Direxion's 2x single-stock funds such as AAPU and GGLL.leverageshares.com
  • The milder gear on the leveraged shelf: it targets double TSM's daily move, not triple.leverageshares.com
  • Leverage arrives inside a regular 1940 Act ETF. No margin agreement, no lender, and your exposure is capped at what you put in.leverageshares.com
  • Hits its stated daily target tightly, and rates among the stronger builds in a crowded field of 2x and 3x single-stock funds.

Worth knowing

  • MVLL Cost is the trade-off: 1.50% net of a waiver through December 31, 2026 (2.52% gross), above the category median and above MRVU's 0.97%, net of a waiver through September 1, 2027.
  • The 2x target resets every day. Hold past that and compounding takes the wheel, so multi-day results can land far from twice MRVL's move, especially after choppy stretches.graniteshares.com
  • One stock, no diversification cushion. A single earnings night at Marvell drives the whole fund, doubled, in either direction.graniteshares.com
  • TSMG The leverage resets every day. Hold longer and compounding takes over, so multi-day results can drift well away from twice TSM's move, especially in choppy markets.leverageshares.com
  • One stock, one industry. Everything rides on Taiwan Semiconductor, doubled, so company-specific news lands twice as hard.
  • Young and small: launched in January 2025, and it sits among the smaller, less heavily traded names on the leveraged shelf, which can widen spreads.

Full MVLL profile⁠

Full TSMG profile⁠

MVLL vs TSMG Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

MVLL vs TSMG Cost

Overpaying MVLL vs TSMG

$17,875

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

  • MVLL 1.97%

    $32,531

  • TSMG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • MVLL 1.97%
  • TSMG 0.76%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K$40K051015202530MVLL $32,531TSMG $14,656

Year by year

YearMVLLTSMGOverpaying
10$3,336$1,353$1,983
20$12,012$5,142$6,870
30$32,531$14,656$17,875

Expense ratio

  • 1.97%MVLL
  • 0.76%TSMG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

TSMG 131st cheapest of 315 funds

MVLL 314th cheapest of 315 funds

MVLL vs TSMG Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
MVLL None
TSMG No data
Last payment
MVLL No data
TSMG $2.73
Ex-dividend
MVLL No data
TSMG Dec 30, 2025
Paid on
MVLL No data
TSMG Jan 2, 2026
Frequency
MVLL No data
TSMG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

MVLLAll MVLL payments⁠

No distribution history available.

TSMGIrregular · 1 paymentAll TSMG payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $2.73. Use the arrow keys to read each point.$0$2.502026YTD

MVLL vs TSMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MVLL 186.4%since Apr 2025TSMG 77.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
MVLL 1.11since Apr 2025TSMG 0.97since Feb 2025
Worst fallMax drawdown, 5 years
MVLL −78.9%since Mar 2025TSMG −63.7%since Jan 2025
Market sensitivityBeta, 5 years
MVLL 7.79TSMG 3.81

Popular comparisons

  • MVLLCvsUNHGA

    GraniteShares 2x Long MRVL Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    1.97% · 0.77%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TSMGAvsUNHGA

    Leverage Shares 2x Long TSM Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    0.76% · 0.77%
    Category
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  • MVLLCvsOKTGA

    GraniteShares 2x Long MRVL Daily ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    1.97% · 0.75%
    Category
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  • TSMGAvsOKTGA

    Leverage Shares 2x Long TSM Daily ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    0.76% · 0.75%
    Category
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  • MVLLCvsPANGA

    GraniteShares 2x Long MRVL Daily ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    1.97% · 0.76%
    Category
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  • TSMGAvsPANGA

    Leverage Shares 2x Long TSM Daily ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    0.76% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.