MRAL vs. BAMU

Last updated Jun 4, 2026

MRAL (GraniteShares 2x Long MARA Daily ETF) and BAMU (Brookstone Ultra-Short Bond ETF) are both exchange-traded funds - MRAL is a Leveraged Equities fund tracking the MARA Holdings Inc. (MARA), while BAMU is a Ultrashort Bond fund actively managed by Brookstone. MRAL is passively managed, while BAMU is actively managed. Over the past year, MRAL returned -60.79% vs 2.93% for BAMU. At a correlation of -0.05, they often move in opposite directions. MRAL charges 1.50%/yr vs 1.09%/yr for BAMU.

Performance

MRAL vs. BAMU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long MARA Daily ETF (MRAL) and Brookstone Ultra-Short Bond ETF (BAMU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MRAL achieves a 65.74% return, which is significantly higher than BAMU's 1.06% return.

MRAL

• 1D: -4.00%
• 1M: 33.63%
• YTD: 65.74%
• 6M: -16.49%
• 1Y: -60.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BAMU

• 1D: 0.02%
• 1M: 0.20%
• YTD: 1.06%
• 6M: 1.25%
• 1Y: 2.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MRAL vs. BAMU - Yearly Performance Comparison

	2026 (YTD)	2025
MRAL GraniteShares 2x Long MARA Daily ETF	65.74%	-83.75%
BAMU Brookstone Ultra-Short Bond ETF	1.06%	2.62%

Correlation

The correlation between MRAL and BAMU is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.12
Correlation (All Time) Calculated using the full available price history since Mar 10, 2025	-0.05

MRAL vs. BAMU - Sectors Allocation Comparison

Sectors	MRAL	BAMU
Financial Services	66.7%	98.8%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

MRAL vs. BAMU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MRAL

MRAL Risk / Return Rank: 7
MRAL Sharpe Ratio Rank: 5
MRAL Sortino Ratio Rank: 10
MRAL Omega Ratio Rank: 10
MRAL Calmar Ratio Rank: 4
MRAL Martin Ratio Rank: 5

BAMU

BAMU Risk / Return Rank: 98
BAMU Sharpe Ratio Rank: 97
BAMU Sortino Ratio Rank: 98
BAMU Omega Ratio Rank: 98
BAMU Calmar Ratio Rank: 99
BAMU Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MRAL vs. BAMU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long MARA Daily ETF (MRAL) and Brookstone Ultra-Short Bond ETF (BAMU). 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.

	MRAL	BAMU	Difference
Sharpe ratio Return per unit of total volatility	-0.40	4.98	-5.38
Sortino ratio Return per unit of downside risk	0.22	8.77	-8.55
Omega ratio Gain probability vs. loss probability	1.03	2.41	-1.38
Calmar ratio Return relative to maximum drawdown	-0.65	24.89	-25.54
Martin ratio Return relative to average drawdown	-0.92	97.89	-98.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MRAL vs. BAMU - Sharpe Ratio Comparison

The current MRAL Sharpe Ratio is -0.40, which is lower than the BAMU Sharpe Ratio of 4.98. The chart below compares the historical Sharpe Ratios of MRAL and BAMU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MRAL	BAMU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.40	4.98	-5.38
Sharpe Ratio (All Time) Calculated using the full available price history	-0.40	4.14	-4.54

Drawdowns

MRAL vs. BAMU - Drawdown Comparison

The maximum MRAL drawdown since its inception was -93.46%, which is greater than BAMU's maximum drawdown of -0.36%. Use the drawdown chart below to compare losses from any high point for MRAL and BAMU.

Drawdown Indicators

	MRAL	BAMU	Difference
Max Drawdown Largest peak-to-trough decline	-93.46%	-0.36%	-93.10%
Max Drawdown (1Y) Largest decline over 1 year	-93.46%	-0.12%	-93.34%
Current Drawdown Current decline from peak	-78.17%	0.00%	-78.17%
Average Drawdown Average peak-to-trough decline	-56.03%	-0.02%	-56.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	66.02%	0.03%	+65.99%

Volatility

MRAL vs. BAMU - Volatility Comparison

GraniteShares 2x Long MARA Daily ETF (MRAL) has a higher volatility of 33.29% compared to Brookstone Ultra-Short Bond ETF (BAMU) at 0.07%. This indicates that MRAL's price experiences larger fluctuations and is considered to be riskier than BAMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MRAL	BAMU	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.29%	0.07%	+33.22%
Volatility (6M) Calculated over the trailing 6-month period	115.01%	0.43%	+114.58%
Volatility (1Y) Calculated over the trailing 1-year period	153.49%	0.59%	+152.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	164.22%	0.87%	+163.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	164.22%	0.87%	+163.35%

MRAL vs. BAMU - Expense Ratio Comparison

MRAL has a 1.50% expense ratio, which is higher than BAMU's 1.09% expense ratio.

Dividends

MRAL vs. BAMU - Dividend Comparison

MRAL has not paid dividends to shareholders, while BAMU's dividend yield for the trailing twelve months is around 3.06%.

Position	TTM	2025	2024	2023
BAMU Brookstone Ultra-Short Bond ETF	3.06%	3.20%	3.97%	0.84%
MRAL GraniteShares 2x Long MARA Daily ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MRAL and BAMU in my portfolio?

MRAL and BAMU have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MRAL or BAMU?

MRAL has higher volatility (33.29%) compared to BAMU (0.07%). In terms of maximum drawdown, MRAL dropped -93.46% vs BAMU's -0.36%.

Which ETF is better, MRAL or BAMU?

On 1-year performance, BAMU leads with 2.93% vs -60.79% for MRAL. On fees, BAMU is cheaper at 1.09% per year. On volatility, BAMU has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MRAL or BAMU?

Over the 1-year period, BAMU has performed better with a 2.93% return vs -60.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MRAL or BAMU?

BAMU is cheaper with a 1.09% expense ratio, compared with 1.50% for MRAL.

Which ETF pays a higher dividend yield, MRAL or BAMU?

BAMU has the higher dividend yield at 3.06%, compared with 0.00% for MRAL.

What is the main difference between MRAL and BAMU?

MRAL is categorized as Leveraged Equities, while BAMU is Ultrashort Bond. They also come from different issuers: GraniteShares and Brookstone. Their fees differ too: 1.50% for MRAL and 1.09% for BAMU.

Which has better risk-adjusted returns?

BAMU currently has the higher Sharpe Ratio (4.98 vs -0.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.