MRAL vs. SOXL

Last updated Jun 4, 2026

MRAL (GraniteShares 2x Long MARA Daily ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds - MRAL tracks the MARA Holdings Inc. (MARA) while SOXL tracks the ICE Semiconductor Index. Both are passively managed. Over the past year, MRAL returned -60.79% vs 1438.30% for SOXL. A 0.50 correlation means they provide meaningful diversification when combined. MRAL charges 1.50%/yr vs 0.75%/yr for SOXL.

Performance

MRAL vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long MARA Daily ETF (MRAL) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). 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 SOXL's 567.48% return.

MRAL

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

SOXL

• 1D: 5.34%
• 1M: 119.95%
• YTD: 567.48%
• 6M: 502.28%
• 1Y: 1,438.30%
• 3Y*: 135.13%
• 5Y*: 48.72%
• 10Y*: 65.39%

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

MRAL vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025
MRAL GraniteShares 2x Long MARA Daily ETF	65.74%	-83.75%
SOXL Direxion Daily Semiconductor Bull 3X ETF	567.48%	102.61%

Correlation

The correlation between MRAL and SOXL is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (All Time) Calculated using the full available price history since Mar 10, 2025	0.50

The correlation between MRAL and SOXL has been stable across timeframes, ranging from 0.47 to 0.50 - a consistent structural relationship.

MRAL vs. SOXL - Sectors Allocation Comparison

Sectors	MRAL	SOXL
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. SOXL — 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

SOXL

SOXL Risk / Return Rank: 97
SOXL Sharpe Ratio Rank: 100
SOXL Sortino Ratio Rank: 95
SOXL Omega Ratio Rank: 95
SOXL Calmar Ratio Rank: 99
SOXL 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. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long MARA Daily ETF (MRAL) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). 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	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	-0.40	14.28	-14.68
Sortino ratio: Return per unit of downside risk	0.22	5.17	-4.95
Omega ratio: Gain probability vs. loss probability	1.03	1.72	-0.69
Calmar ratio: Return relative to maximum drawdown	-0.65	33.47	-34.12
Martin ratio: Return relative to average drawdown	-0.92	114.79	-115.71
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. SOXL - Sharpe Ratio Comparison

The current MRAL Sharpe Ratio is -0.40, which is lower than the SOXL Sharpe Ratio of 14.28. The chart below compares the historical Sharpe Ratios of MRAL and SOXL, 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	SOXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.40	14.28	-14.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.46	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.40	0.52	-0.92

Drawdowns

MRAL vs. SOXL - Drawdown Comparison

The maximum MRAL drawdown since its inception was -93.46%, roughly equal to the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for MRAL and SOXL.

Drawdown Indicators

	MRAL	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-93.46%	-90.46%	-3.00%
Max Drawdown (1Y) Largest decline over 1 year	-93.46%	-43.47%	-49.99%
Max Drawdown (3Y) Largest decline over 3 years	—	-87.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-90.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-90.46%	—
Current Drawdown Current decline from peak	-78.17%	0.00%	-78.17%
Average Drawdown Average peak-to-trough decline	-56.03%	-35.01%	-21.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	66.02%	12.65%	+53.37%

Volatility

MRAL vs. SOXL - Volatility Comparison

The current volatility for GraniteShares 2x Long MARA Daily ETF (MRAL) is 33.29%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 40.82%. This indicates that MRAL experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MRAL	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.29%	40.82%	-7.53%
Volatility (6M) Calculated over the trailing 6-month period	115.01%	81.29%	+33.72%
Volatility (1Y) Calculated over the trailing 1-year period	153.49%	102.11%	+51.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	164.22%	107.25%	+56.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	164.22%	99.04%	+65.18%

MRAL vs. SOXL - Expense Ratio Comparison

MRAL has a 1.50% expense ratio, which is higher than SOXL's 0.75% expense ratio.

Dividends

MRAL vs. SOXL - Dividend Comparison

MRAL has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
SOXL Direxion Daily Semiconductor Bull 3X ETF	0.03%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%

Frequently Asked Questions

Can I hold both MRAL and SOXL in my portfolio?

MRAL and SOXL have a correlation of 0.47, 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 SOXL?

SOXL has higher volatility (40.82%) compared to MRAL (33.29%). In terms of maximum drawdown, MRAL dropped -93.46% vs SOXL's -90.46%.

Which ETF is better, MRAL or SOXL?

On 1-year performance, SOXL leads with 1438.30% vs -60.79% for MRAL. On fees, SOXL is cheaper at 0.75% per year. 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 SOXL?

Over the 1-year period, SOXL has performed better with a 1438.30% 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 SOXL?

SOXL is cheaper with a 0.75% expense ratio, compared with 1.50% for MRAL.

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

SOXL has the higher dividend yield at 0.03%, compared with 0.00% for MRAL.

What is the main difference between MRAL and SOXL?

MRAL tracks MARA Holdings Inc. (MARA), while SOXL tracks ICE Semiconductor Index. They also come from different issuers: GraniteShares and Direxion. Their fees differ too: 1.50% for MRAL and 0.75% for SOXL.

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (14.28 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.