MULL vs VOO
GraniteShares 2x Long MU Daily ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. MULL delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | MULL | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.50% | 0.03% | |
| AUM | $509M | $979.0B | |
| Dividend Yield | 0.04% | 1.09% | |
| Holdings | 2 | 509 | |
| YTD Return | +327.82% | +13.80% | |
| 1Y Return | +2606.75% | +23.71% | |
| 3Y Return (annualized) | - | +21.50% | |
| 5Y Return (annualized) | - | +13.44% | |
| Volatility (annualized) | 224.6% | 14.1% | |
| Max Drawdown | -72.3% | -34.3% | |
| Fund Family | GraniteShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 11, 2024 | Sep 7, 2010 |
MULL vs VOO Performance
GraniteShares 2x Long MU Daily ETF (MULL) is a ETF from GraniteShares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year MULL returned +2606.75% while VOO returned +23.71%. Year to date, MULL is up 327.82% versus a gain of 13.80% for VOO.
Risk: Volatility and Drawdowns
MULL has been the more volatile fund, with annualized monthly volatility of 224.6% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -72.3% for MULL and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MULL charges 1.50% per year while VOO charges 0.03%. On a $10,000 position that is $150 vs $3 annually, a gap of $147 per year that compounds over a long holding period. On income, MULL currently yields 0.04% against 1.09% for VOO.
Holdings Overlap
MULL and VOO share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MULL or VOO?
MULL has an expense ratio of 1.50% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $147 per year of difference.
Which performed better, MULL or VOO?
Over the past year MULL returned +2606.75% vs +23.71% for VOO, so MULL leads on 1-year performance. Over the longest common window we track (2 years), MULL annualized +469.46% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, MULL or VOO?
MULL has been the more volatile fund at 224.6% annualized versus 14.1% for VOO. Worst drawdown: MULL -72.3% vs VOO -34.3%.
Should I hold both MULL and VOO?
MULL and VOO have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MULL and VOO?
MULL and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, MULL or VOO?
MULL yields 0.04% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.