ETRL vs. GRAG
ETRL (GraniteShares 2x Long ETOR Daily ETF) and GRAG (Leverage Shares 2X Long GRAB Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.35 correlation, their price movements are largely independent. ETRL charges 1.50%/yr vs 0.75%/yr for GRAG.
Performance
ETRL vs. GRAG - Performance Comparison
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Returns By Period
In the year-to-date period, ETRL achieves a 3.01% return, which is significantly higher than GRAG's -58.07% return.
ETRL
- 1D
- -7.56%
- 1M
- 1.12%
- YTD
- 3.01%
- 6M
- -31.77%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GRAG
- 1D
- -9.91%
- 1M
- -12.45%
- YTD
- -58.07%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETRL vs. GRAG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ETRL GraniteShares 2x Long ETOR Daily ETF | 3.01% | -20.86% |
GRAG Leverage Shares 2X Long GRAB Daily ETF | -58.07% | -7.82% |
Correlation
The correlation between ETRL and GRAG is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 12, 2025 | 0.35 |
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Return for Risk
ETRL vs. GRAG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long ETOR Daily ETF (ETRL) and Leverage Shares 2X Long GRAB Daily ETF (GRAG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| ETRL | GRAG | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | -0.57 | -1.25 | +0.68 |
Drawdowns
ETRL vs. GRAG - Drawdown Comparison
The maximum ETRL drawdown since its inception was -76.44%, which is greater than GRAG's maximum drawdown of -62.22%. Use the drawdown chart below to compare losses from any high point for ETRL and GRAG.
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Drawdown Indicators
| ETRL | GRAG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.44% | -62.22% | -14.22% |
Current DrawdownCurrent decline from peak | -49.43% | -62.22% | +12.79% |
Average DrawdownAverage peak-to-trough decline | -47.50% | -39.65% | -7.85% |
Volatility
ETRL vs. GRAG - Volatility Comparison
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Volatility by Period
| ETRL | GRAG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 105.94% | 69.83% | +36.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 105.94% | 69.83% | +36.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 105.94% | 69.83% | +36.11% |
ETRL vs. GRAG - Expense Ratio Comparison
ETRL has a 1.50% expense ratio, which is higher than GRAG's 0.75% expense ratio.
Dividends
ETRL vs. GRAG - Dividend Comparison
Neither ETRL nor GRAG has paid dividends to shareholders.
Frequently Asked Questions
ETRL and GRAG have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GRAG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GRAG is cheaper with a 0.75% expense ratio, compared with 1.50% for ETRL.
ETRL and GRAG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.50% for ETRL and 0.75% for GRAG.
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