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MVLL vs UNHG

GraniteShares 2x Long MRVL Daily ETF

MVLLCNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

0.0%by weight

Expense ratio

UNHG −1.20pt a year

MVLL1.97%UNHG0.77%

Avg volume · 30D

MVLL 4.5×the volume

MVLL3.3MUNHG726K

MVLL vs UNHG Performance

Oct 31, 2025 – Oct 30, 2026

+91.2%MVLL+11.9%UNHG

Oct 31, 2025 to Oct 30, 2026. MVLL +91.2%. UNHG +11.9%. Use the arrow keys to read each point.200%400%600%Oct 2025May 2026Oct 2026
Expense ratio
MVLL 1.97%
UNHG 0.77%, better
Fund size
MVLL $227M
UNHG $63M
1Y total return
MVLL +91.2%, better
UNHG +11.9%
Holdings
MVLL 2
UNHG 5
Avg volume (30D)
MVLL 3.3M sh, better
UNHG 726K sh
NAV per share
MVLL $22.72
UNHG $20.57
52W range

ETF.net Grade

MVLL: Cost 0, Risk 60, Mission 99, Tradability 93, Holdings not scored, Durability 81. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for MVLL, UNHG, with each pillar’s weight
PillarMVLLUNHG
Cost30% weightF0B60Higher
Mission25% weightA99HigherA90
Risk15% weightB60A83Higher
Tradability15% weightA93HigherA91
Holdings10% weightNot scoredNot scored
Durability5% weightA81HigherB66

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 UNHG 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 ›

UNHG ranks 2nd 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 3AOKTGLeverage Shares 2x Long OKTA Daily ETFScore 70
  4. Rank 118CINTWGraniteShares 2x Long INTC Daily ETFScore 41
  5. Rank 118CMVLLGraniteShares 2x Long MRVL Daily ETFScore 41
  6. Rank 118CSNXXTradr 2X Long SNDK Daily ETFScore 41

Our read on each fund

ETF.net Research

MVLLCGraniteShares 2x Long MRVL Daily ETF

UNHGALeverage Shares 2x Long UNH 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.

UNHG Two times UnitedHealth's daily move, reset every night: a managed-care insurer in a category stuffed with chip and AI names. UNHG got there first, and it charges 0.77%.

Stated mandate

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

UNHG The fund seeks daily investment results equal to twice the daily performance of UnitedHealth Group Incorporated 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
  • UNHG At 0.77%, the cheaper of the only two 2x UNH funds: Direxion's UNHU runs 0.97% net of a waiver through September 1, 2027. Both sit below the category's typical fee.
  • First to the 2x UNH trade, listed July 2025, months before Direxion's version arrived in March 2026. It trades actively for a single-stock leveraged fund.direxion.com
  • Exposure comes from total return swaps reset at each close, and day-to-day it has stayed close to its 2x target. One of the better-built funds in a crowded bull field.leverageshares.comsec.gov

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
  • UNHG Daily reset means multi-day results depend on the path UNH takes, not just its direction. Choppy stretches can erode value even if the stock ends where it started.leverageshares.com
  • Swap-based exposure carries counterparty risk, and everything rides on one managed-care company's news, from earnings to policy headlines.leverageshares.com
  • Listed in 2025, so there is little history to judge it across a full market cycle.

Full MVLL profile⁠

Full UNHG profile⁠

MVLL vs UNHG Holdings

How MVLL and UNHG differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of MVLL and 0.0% of UNHG.

Level by level

  • Asset classLeveraged/Inverse, Equity0.0%
  • Holdings0 in both0.0%
  • Countryby domicile100%

Sector

No Sector split for UNHG.

Country, concentration and asset class

Country by domicile

Country weights in MVLL and UNHG, widest gap first
CountryMore in MVLLMore in UNHG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • MVLL100.0%
  • UNHG212.0%

Securities held

  • MVLL1
  • UNHG1

Asset class

MVLL
Leveraged/Inverse
UNHG
Equity

Holdings

  • Only in MVLL1
  • In both0
  • Only in UNHG1

Only in MVLL

1 security, 66.7% of MVLL by weight

  • Mrvl66.67%

Only in UNHG

1 security, 12.0% of UNHG by weight

  • First American Treasury Obligations Fund 01/01/204011.99%

Weight gaps

MVLL and UNHG share no securities.

All 2 MVLL holdings⁠All 5 UNHG 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 UNHG Cost

Overpaying MVLL vs UNHG

$17,702

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

  • MVLL 1.97%

    $32,531

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • MVLL 1.97%
  • UNHG 0.77%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K$40K051015202530MVLL $32,531UNHG $14,829

Year by year

YearMVLLUNHGOverpaying
10$3,336$1,371$1,965
20$12,012$5,205$6,807
30$32,531$14,829$17,702

Expense ratio

  • 1.97%MVLL
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 315 funds

MVLL 314th cheapest of 315 funds

MVLL vs UNHG Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
MVLL None
UNHG No data
Last payment
MVLL No data
UNHG $1.90
Ex-dividend
MVLL No data
UNHG Dec 30, 2025
Paid on
MVLL No data
UNHG Jan 2, 2026
Frequency
MVLL No data
UNHG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

MVLLAll MVLL payments⁠

No distribution history available.

UNHGIrregular · 1 paymentAll UNHG payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $1.90. Use the arrow keys to read each point.$0$22026YTD

MVLL vs UNHG 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 2025UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
MVLL 1.11since Apr 2025UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
MVLL −78.9%since Mar 2025UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
MVLL 7.79UNHG 5.53

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