GraniteShares 2x Long MRVL Daily ETF (MVLL) Performance
MVLL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +256.1% since Dec 31, 2025
- 1 year
- +242.9% total return
- Since first price
- +219.8% since 2025
MVLL trailing returns vs SPY, QQQ, AGG
| Period | MVLL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −27.2% | −27.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −2.7% | −2.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +9.7% | +9.7% | +7.8% | +8.4% | −1.5% |
| YTD | +256.1% | +256.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +242.9% | +242.9% | +14.4% | +15.9% | −1.1% |
| Since inceptionMar 7, 2025 | +219.8% | +219.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MVLL vs SPY
From Mar 7, 2025: MVLL grew to $31,977, SPY to $13,455.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MVLL returns by calendar year
2026 is year to date.
MVLL annual returns table
| Year | MVLL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +256.1% | −78.9% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MVLL largest drawdowns
Now 65.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 4, 2026 | −78.9% | Jul 29, 2026 | not yet | 55 days | 5 months so far |
| Mar 24, 2025 | −59.0% | Apr 21, 2025 | Jul 30, 2025 | 28 days | 4 months |
| Dec 3, 2025 | −48.9% | Feb 4, 2026 | Apr 6, 2026 | 2 months | 4 months |
| Jul 30, 2025 | −46.9% | Sep 3, 2025 | Oct 6, 2025 | 35 days | 2 months |
| Oct 8, 2025 | −34.9% | Nov 20, 2025 | Dec 3, 2025 | 43 days | 56 days |
| Mar 7, 2025 | −15.1% | Mar 10, 2025 | Mar 24, 2025 | 3 days | 17 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MVLL risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +233.5% |
| Volatility (annualized) | 182.9% |
| Sharpe ratio | 1.37 |
| Sortino ratio | 3.63 |
| Best month | +166.2% |
| Worst month | −64.6% |
| Best 12 months | +648.0% |
| Worst 12 months | +47.0% |
| Positive months | 67% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MVLL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 8 | +47.0% | +372.1% | +648.0% | 100% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
MVLL performance overview
GraniteShares 2x Long MRVL Daily ETF (MVLL) returned +242.9% over the past year, with distributions reinvested. Since its first recorded price on Mar 7, 2025 it has returned +219.8%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −78.9%, from Jun 4, 2026 to Jul 29, 2026; the fund has not yet regained that high. Volatility has been 182.9% a year.
Related: MVLL chart. See the MVLL overview for the latest quote and fund facts.
MVLL performance FAQ
What is the MVLL return over the past year?
MVLL returned +242.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 242.9%.
How much would $10,000 invested in MVLL be worth?
$10,000 invested in MVLL at its first recorded close on March 7, 2025 would be worth about $31,977 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of MVLL?
The largest peak-to-trough decline was −78.9% between June 4, 2026 and July 29, 2026. It has not yet recovered to that high; it is 65.5% below its peak.
How volatile is MVLL?
Over the past history MVLL had an annualized volatility of 182.9% and a Sharpe ratio of 1.37 (excess return over 1–3 month T-bills per unit of risk).