MPL vs GAVA
Comparison between Defiance Daily Target 2X Long MP ETF (MPL, ETF) and Grayscale Avalanche Trust ETF (GAVA, ETF).
MPL vs GAVA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MPL
$5.70M
GAVA
$5.70M
Expense Ratio
MPL
N/A
GAVA
0.35%
Max Drawdown
Winner
MPL
34.06%
GAVA
34.45%
Sharpe Ratio
MPL
-4.28
Winner
GAVA
-2.48
5Y Beta
MPL
7.37
Winner
GAVA
2.28
MPL vs GAVA - Historical Returns
Returns include dividend reinvestment.
1M
MPL
N/A
GAVA
-28.55%
3M
MPL
N/A
GAVA
-29.82%
Max(CAGR)
MPL
-100.00%
Winner
GAVA
-78.16%
MPL vs GAVA - Annual Returns (2026 - 2026)
Returns include dividend reinvestment.
| Year | MPL | GAVA |
|---|---|---|
| 2026 | -24.56% | -29.82% |
MPL vs GAVA Drawdown Comparison
The maximum drawdown for MPL was -34.06%, occurring on Jun 5, 2026. This drawdown has not yet recovered.
The maximum drawdown for GAVA was -34.45%, occurring on Jun 5, 2026. This drawdown has not yet recovered.
The current MPL drawdown is -34.06%. The current GAVA drawdown is -34.45%.
| Rank | MPL | GAVA |
|---|---|---|
| #1 | -34.06% Jun 2, 2026 - Jun 5, 2026 | -34.45% Mar 16, 2026 - Jun 5, 2026 |
| #2 | -8.36% May 26, 2026 - Jun 1, 2026 | N/A |
Correlation
Correlation between MPL and GAVA is 1.00 which considered as a very strong positive correlation - the stocks move almost identically together.
1.00
-101
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