MVLL +2x GraniteShares 2x Long MRVL Daily ETF

MVLL

ETF +2x BULL standard
GraniteShares 2x Long MRVL Daily ETF
Issuer: GraniteShares · Tracks: MRVL · Listed: 2025-03-06
Implied AUM
$248.9M
Last Close
$22.94
20260720
30d Avg Vol
6,610,834
Options
available
Realized return vs theoretical +2x MRVL
Other leveraged products tracking MRVL
Symbol Factor Direction Issuer Name Implied AUM 30d Vol Options
MRVU +2x BULL Direxion Direxion Daily MRVL Bull 2X ETF $109.1M 358,930

How MVLL works

MVLL targets +2x the daily return of MRVL — not the cumulative return over multi-day windows. The fund rebalances at the close each day using swaps or futures, which is what creates the volatility drag the chart above visualizes.

Mathematical headline: drag ≈ −0.5 × N × (N−1) × σ² per period. For a +2x product on an underlying with 25% annualized vol, expected annual drag is around 6.2%. Add expense ratio and the realized number is typically worse.

  • Short-term tactical: daily and intraday holds are where these products were designed to live.
  • Premium selling: options on MVLL carry very rich IV — see the quote page for IV rank and straddle pricing.
  • Multi-day directional: works in strong trends; gets eaten alive in chop. Use the chart above to gauge the realized vs theoretical track record.