MRAL vs. INTW

Last updated Jun 4, 2026

MRAL (GraniteShares 2x Long MARA Daily ETF) and INTW (GraniteShares 2x Long INTC Daily ETF) are both Leveraged Equities funds from GraniteShares. MRAL is passively managed, while INTW is actively managed. Over the past year, MRAL returned -60.79% vs 1617.48% for INTW. At a 0.27 correlation, their price movements are largely independent. Both charge a 1.50% expense ratio.

Performance

MRAL vs. INTW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long MARA Daily ETF (MRAL) and GraniteShares 2x Long INTC Daily ETF (INTW). 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 lower than INTW's 562.71% return.

MRAL

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

INTW

• 1D: 8.89%
• 1M: 29.41%
• YTD: 562.71%
• 6M: 361.23%
• 1Y: 1,617.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MRAL vs. INTW - Yearly Performance Comparison

	2026 (YTD)	2025
MRAL GraniteShares 2x Long MARA Daily ETF	65.74%	-83.75%
INTW GraniteShares 2x Long INTC Daily ETF	562.71%	117.49%

Correlation

The correlation between MRAL and INTW is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (All Time) Calculated using the full available price history since Mar 10, 2025	0.27

MRAL vs. INTW - Sectors Allocation Comparison

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

Return for Risk

MRAL vs. INTW — 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

INTW

INTW Risk / Return Rank: 97
INTW Sharpe Ratio Rank: 99
INTW Sortino Ratio Rank: 95
INTW Omega Ratio Rank: 93
INTW Calmar Ratio Rank: 99
INTW Martin Ratio Rank: 98

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. INTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long MARA Daily ETF (MRAL) and GraniteShares 2x Long INTC Daily ETF (INTW). 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	INTW	Difference
Sharpe ratio: Return per unit of total volatility	-0.40	11.42	-11.82
Sortino ratio: Return per unit of downside risk	0.22	5.09	-4.87
Omega ratio: Gain probability vs. loss probability	1.03	1.64	-0.61
Calmar ratio: Return relative to maximum drawdown	-0.65	33.18	-33.83
Martin ratio: Return relative to average drawdown	-0.92	77.63	-78.55
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. INTW - Sharpe Ratio Comparison

The current MRAL Sharpe Ratio is -0.40, which is lower than the INTW Sharpe Ratio of 11.42. The chart below compares the historical Sharpe Ratios of MRAL and INTW, 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	INTW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.40	11.42	-11.82
Sharpe Ratio (All Time) Calculated using the full available price history	-0.40	3.39	-3.79

Drawdowns

MRAL vs. INTW - Drawdown Comparison

The maximum MRAL drawdown since its inception was -93.46%, which is greater than INTW's maximum drawdown of -60.58%. Use the drawdown chart below to compare losses from any high point for MRAL and INTW.

Drawdown Indicators

	MRAL	INTW	Difference
Max Drawdown Largest peak-to-trough decline	-93.46%	-60.58%	-32.88%
Max Drawdown (1Y) Largest decline over 1 year	-93.46%	-49.34%	-44.12%
Current Drawdown Current decline from peak	-78.17%	-26.69%	-51.48%
Average Drawdown Average peak-to-trough decline	-56.03%	-30.07%	-25.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	66.02%	21.05%	+44.97%

Volatility

MRAL vs. INTW - Volatility Comparison

The current volatility for GraniteShares 2x Long MARA Daily ETF (MRAL) is 33.29%, while GraniteShares 2x Long INTC Daily ETF (INTW) has a volatility of 48.71%. This indicates that MRAL experiences smaller price fluctuations and is considered to be less risky than INTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MRAL	INTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.29%	48.71%	-15.42%
Volatility (6M) Calculated over the trailing 6-month period	115.01%	111.40%	+3.61%
Volatility (1Y) Calculated over the trailing 1-year period	153.49%	143.36%	+10.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	164.22%	145.22%	+19.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	164.22%	145.22%	+19.00%

MRAL vs. INTW - Expense Ratio Comparison

Both MRAL and INTW have an expense ratio of 1.50%.

Dividends

MRAL vs. INTW - Dividend Comparison

Neither MRAL nor INTW has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MRAL and INTW in my portfolio?

MRAL and INTW have a correlation of 0.26, 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 INTW?

INTW has higher volatility (48.71%) compared to MRAL (33.29%). In terms of maximum drawdown, MRAL dropped -93.46% vs INTW's -60.58%.

Which ETF is better, MRAL or INTW?

On 1-year performance, INTW leads with 1617.48% vs -60.79% for MRAL. Both ETFs have the same 1.50% expense ratio. On volatility, MRAL has been the lower-risk option at 33.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MRAL or INTW?

Over the 1-year period, INTW has performed better with a 1617.48% 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 INTW?

MRAL and INTW have the same expense ratio: 1.50% per year.

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

MRAL and INTW have nearly identical dividend yields, around 0.00%.

Which has better risk-adjusted returns?

INTW currently has the higher Sharpe Ratio (11.42 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.