MRAL vs. FUTG
MRAL (GraniteShares 2x Long MARA Daily ETF) and FUTG (Leverage Shares 2X Long FUTU Daily ETF) are both Leveraged Equities funds. MRAL is passively managed, while FUTG is actively managed. At a 0.34 correlation, their price movements are largely independent. MRAL charges 1.50%/yr vs 0.75%/yr for FUTG.
Performance
MRAL vs. FUTG - 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 FUTG's -75.53% return.
MRAL
- 1D
- -4.00%
- 1M
- 33.63%
- YTD
- 65.74%
- 6M
- -16.49%
- 1Y
- -60.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FUTG
- 1D
- -11.10%
- 1M
- -70.24%
- YTD
- -75.53%
- 6M
- -77.00%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MRAL vs. FUTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MRAL GraniteShares 2x Long MARA Daily ETF | 65.74% | -86.09% |
FUTG Leverage Shares 2X Long FUTU Daily ETF | -75.53% | -0.80% |
Correlation
The correlation between MRAL and FUTG is 0.34, 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 Oct 15, 2025 | 0.34 |
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Return for Risk
MRAL vs. FUTG — Risk / Return Rank
MRAL
FUTG
MRAL vs. FUTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long MARA Daily ETF (MRAL) and Leverage Shares 2X Long FUTU Daily ETF (FUTG). 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 | FUTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.03 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | — | — |
| Martin ratioReturn relative to average drawdown | -0.92 | — | — |
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 | FUTG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.40 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.40 | -0.66 | +0.26 |
Drawdowns
MRAL vs. FUTG - Drawdown Comparison
The maximum MRAL drawdown since its inception was -93.46%, which is greater than FUTG's maximum drawdown of -86.19%. Use the drawdown chart below to compare losses from any high point for MRAL and FUTG.
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Drawdown Indicators
| MRAL | FUTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.46% | -86.19% | -7.27% |
Max Drawdown (1Y)Largest decline over 1 year | -93.46% | — | — |
Current DrawdownCurrent decline from peak | -78.17% | -84.29% | +6.12% |
Average DrawdownAverage peak-to-trough decline | -56.03% | -40.35% | -15.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 66.02% | — | — |
Volatility
MRAL vs. FUTG - Volatility Comparison
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Volatility by Period
| MRAL | FUTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 33.29% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 115.01% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 153.49% | 136.01% | +17.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 164.22% | 136.01% | +28.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 164.22% | 136.01% | +28.21% |
MRAL vs. FUTG - Expense Ratio Comparison
MRAL has a 1.50% expense ratio, which is higher than FUTG's 0.75% expense ratio.
Dividends
MRAL vs. FUTG - Dividend Comparison
Neither MRAL nor FUTG has paid dividends to shareholders.
Frequently Asked Questions
MRAL and FUTG have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FUTG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FUTG is cheaper with a 0.75% expense ratio, compared with 1.50% for MRAL.
MRAL and FUTG 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 MRAL and 0.75% for FUTG.
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