MRAL vs. FTSD
MRAL (GraniteShares 2x Long MARA Daily ETF) and FTSD (Franklin Short Duration U.S. Government ETF) are both exchange-traded funds - MRAL is a Leveraged Equities fund tracking the MARA Holdings Inc. (MARA), while FTSD is a Mortgage Backed Securities fund actively managed by Franklin Templeton. MRAL is passively managed, while FTSD is actively managed. Over the past year, MRAL returned -60.79% vs 4.31% for FTSD. At a correlation of -0.09, they often move in opposite directions. MRAL charges 1.50%/yr vs 0.25%/yr for FTSD.
Performance
MRAL vs. FTSD - Performance Comparison
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Returns By Period
In the year-to-date period, MRAL achieves a 65.74% return, which is significantly higher than FTSD's 0.80% return.
MRAL
- 1D
- -4.00%
- 1M
- 33.63%
- YTD
- 65.74%
- 6M
- -16.49%
- 1Y
- -60.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTSD
- 1D
- -0.12%
- 1M
- 0.17%
- YTD
- 0.80%
- 6M
- 1.30%
- 1Y
- 4.31%
- 3Y*
- 4.98%
- 5Y*
- 2.46%
- 10Y*
- 2.05%
MRAL vs. FTSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MRAL GraniteShares 2x Long MARA Daily ETF | 65.74% | -83.75% |
FTSD Franklin Short Duration U.S. Government ETF | 0.80% | 4.47% |
Correlation
The correlation between MRAL and FTSD is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2025 | -0.09 |
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Return for Risk
MRAL vs. FTSD — Risk / Return Rank
MRAL
FTSD
MRAL vs. FTSD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long MARA Daily ETF (MRAL) and Franklin Short Duration U.S. Government ETF (FTSD). 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 | FTSD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.70 | ||
| Sortino ratioReturn per unit of downside risk | -5.05 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.69 | -0.66 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | 9.59 | -10.24 |
| Martin ratioReturn relative to average drawdown | -0.92 | 38.36 | -39.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MRAL | FTSD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.40 | 3.30 | -3.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.33 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.40 | 1.04 | -1.44 |
Drawdowns
MRAL vs. FTSD - Drawdown Comparison
The maximum MRAL drawdown since its inception was -93.46%, which is greater than FTSD's maximum drawdown of -5.32%. Use the drawdown chart below to compare losses from any high point for MRAL and FTSD.
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Drawdown Indicators
| MRAL | FTSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.46% | -5.32% | -88.14% |
Max Drawdown (1Y)Largest decline over 1 year | -93.46% | -0.45% | -93.01% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.93% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.04% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.32% | — |
Current DrawdownCurrent decline from peak | -78.17% | -0.12% | -78.05% |
Average DrawdownAverage peak-to-trough decline | -56.03% | -0.60% | -55.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 66.02% | 0.11% | +65.91% |
Volatility
MRAL vs. FTSD - Volatility Comparison
GraniteShares 2x Long MARA Daily ETF (MRAL) has a higher volatility of 33.29% compared to Franklin Short Duration U.S. Government ETF (FTSD) at 0.51%. This indicates that MRAL's price experiences larger fluctuations and is considered to be riskier than FTSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MRAL | FTSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 33.29% | 0.51% | +32.78% |
Volatility (6M)Calculated over the trailing 6-month period | 115.01% | 1.03% | +113.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 153.49% | 1.31% | +152.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 164.22% | 1.85% | +162.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 164.22% | 1.79% | +162.43% |
MRAL vs. FTSD - Expense Ratio Comparison
MRAL has a 1.50% expense ratio, which is higher than FTSD's 0.25% expense ratio.
Dividends
MRAL vs. FTSD - Dividend Comparison
MRAL has not paid dividends to shareholders, while FTSD's dividend yield for the trailing twelve months is around 4.50%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTSD Franklin Short Duration U.S. Government ETF | 4.50% | 4.67% | 4.75% | 4.14% | 1.73% | 1.01% | 1.54% | 2.90% | 2.63% | 2.24% | 1.92% | 1.52% |
MRAL GraniteShares 2x Long MARA Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MRAL and FTSD have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MRAL has higher volatility (33.29%) compared to FTSD (0.51%). In terms of maximum drawdown, MRAL dropped -93.46% vs FTSD's -5.32%.
On 1-year performance, FTSD leads with 4.31% vs -60.79% for MRAL. On fees, FTSD is cheaper at 0.25% per year. On volatility, FTSD has been the lower-risk option at 0.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FTSD has performed better with a 4.31% return vs -60.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTSD is cheaper with a 0.25% expense ratio, compared with 1.50% for MRAL.
FTSD has the higher dividend yield at 4.50%, compared with 0.00% for MRAL.
MRAL is categorized as Leveraged Equities, while FTSD is Mortgage Backed Securities. They also come from different issuers: GraniteShares and Franklin Templeton. Their fees differ too: 1.50% for MRAL and 0.25% for FTSD.
FTSD currently has the higher Sharpe Ratio (3.30 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.
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