MRAL vs. PTIR

Last updated Jun 24, 2026

MRAL (GraniteShares 2x Long MARA Daily ETF) and PTIR (GraniteShares 2x Long PLTR Daily ETF) are both Leveraged Equities funds from GraniteShares. MRAL is passively managed, while PTIR is actively managed. Over the past year, MRAL returned -51.00% vs -52.03% for PTIR. At a 0.34 correlation, their price movements are largely independent. MRAL charges 1.50%/yr vs 1.15%/yr for PTIR.

Performance

MRAL vs. PTIR - 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 PLTR Daily ETF (PTIR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MRAL achieves a 74.43% return, which is significantly higher than PTIR's -64.50% return.

MRAL

• 1D: -2.03%
• 1M: 7.48%
• YTD: 74.43%
• 6M: 44.25%
• 1Y: -51.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PTIR

• 1D: -4.81%
• 1M: -30.43%
• YTD: -64.50%
• 6M: -70.36%
• 1Y: -52.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MRAL vs. PTIR - Yearly Performance Comparison

	2026 (YTD)	2025
MRAL GraniteShares 2x Long MARA Daily ETF	74.43%	-82.23%
PTIR GraniteShares 2x Long PLTR Daily ETF	-64.50%	231.49%

Correlation

The correlation between MRAL and PTIR is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (All Time) Calculated using the full available price history since Mar 7, 2025	0.34

MRAL vs. PTIR - Sectors Allocation Comparison

Sectors	MRAL	PTIR
Financial Services	66.7%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	100.0%
Utilities	-	-

Return for Risk

MRAL vs. PTIR — Risk / Return Rank

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

MRAL

MRAL Risk / Return Rank: 8
MRAL Sharpe Ratio Rank: 6
MRAL Sortino Ratio Rank: 12
MRAL Omega Ratio Rank: 12
MRAL Calmar Ratio Rank: 4
MRAL Martin Ratio Rank: 6

PTIR

PTIR Risk / Return Rank: 5
PTIR Sharpe Ratio Rank: 5
PTIR Sortino Ratio Rank: 6
PTIR Omega Ratio Rank: 6
PTIR Calmar Ratio Rank: 3
PTIR Martin Ratio Rank: 3

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. PTIR - 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 PLTR Daily ETF (PTIR). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MRAL	PTIR	Difference
Sharpe ratio: Return per unit of total volatility	-0.33	-0.51	+0.18
Sortino ratio: Return per unit of downside risk	0.49	-0.26	+0.75
Omega ratio: Gain probability vs. loss probability	1.06	0.97	+0.09
Calmar ratio: Return relative to maximum drawdown	-0.55	-0.69	+0.14
Martin ratio: Return relative to average drawdown	-0.75	-1.22	+0.48

MRAL vs. PTIR - Sharpe Ratio Comparison

The current MRAL Sharpe Ratio is -0.33, which is higher than the PTIR Sharpe Ratio of -0.51. The chart below compares the historical Sharpe Ratios of MRAL and PTIR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MRAL vs. PTIR - Drawdown Comparison

The maximum MRAL drawdown since its inception was -93.46%, which is greater than PTIR's maximum drawdown of -75.53%. Use the drawdown chart below to compare losses from any high point for MRAL and PTIR.

Drawdown Indicators

	MRAL	PTIR	Difference
Max Drawdown Largest peak-to-trough decline	-93.46%	-75.53%	-17.93%
Max Drawdown (1Y) Largest decline over 1 year	-93.46%	-75.53%	-17.93%
Current Drawdown Current decline from peak	-77.03%	-75.53%	-1.50%
Average Drawdown Average peak-to-trough decline	-56.79%	-28.60%	-28.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	68.29%	42.52%	+25.77%

Volatility

MRAL vs. PTIR - Volatility Comparison

GraniteShares 2x Long MARA Daily ETF (MRAL) has a higher volatility of 44.96% compared to GraniteShares 2x Long PLTR Daily ETF (PTIR) at 37.93%. This indicates that MRAL's price experiences larger fluctuations and is considered to be riskier than PTIR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MRAL	PTIR	Difference
Volatility (1M) Calculated over the trailing 1-month period	44.96%	37.93%	+7.03%
Volatility (6M) Calculated over the trailing 6-month period	118.77%	77.76%	+41.01%
Volatility (1Y) Calculated over the trailing 1-year period	156.74%	102.66%	+54.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	164.85%	128.79%	+36.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	164.85%	128.79%	+36.06%

MRAL vs. PTIR - Expense Ratio Comparison

MRAL has a 1.50% expense ratio, which is higher than PTIR's 1.15% expense ratio.

Dividends

MRAL vs. PTIR - Dividend Comparison

MRAL has not paid dividends to shareholders, while PTIR's dividend yield for the trailing twelve months is around 16.37%.

Position	TTM	2025
MRAL GraniteShares 2x Long MARA Daily ETF	0.00%	0.00%
PTIR GraniteShares 2x Long PLTR Daily ETF	16.37%	5.81%

Frequently Asked Questions

Can I hold both MRAL and PTIR in my portfolio?

MRAL and PTIR have a correlation of 0.33, 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 PTIR?

MRAL has higher volatility (44.96%) compared to PTIR (37.93%). In terms of maximum drawdown, MRAL dropped -93.46% vs PTIR's -75.53%.

Which ETF is better, MRAL or PTIR?

On 1-year performance, MRAL leads with -51.00% vs -52.03% for PTIR. On fees, PTIR is cheaper at 1.15% per year. On volatility, PTIR has been the lower-risk option at 37.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MRAL or PTIR?

Over the 1-year period, MRAL has performed better with a -51.00% return vs -52.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MRAL or PTIR?

PTIR is cheaper with a 1.15% expense ratio, compared with 1.50% for MRAL.

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

PTIR has the higher dividend yield at 16.37%, compared with 0.00% for MRAL.

What is the main difference between MRAL and PTIR?

Their fees differ too: 1.50% for MRAL and 1.15% for PTIR.

Which has better risk-adjusted returns?

MRAL currently has the higher Sharpe Ratio (-0.33 vs -0.51), 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.