VRTL vs. MRAL

Last updated Aug 2, 2026

VRTL (GraniteShares 2x Long VRT Daily ETF) and MRAL (GraniteShares 2x Long MARA Daily ETF) are both Leveraged Equities funds from GraniteShares. VRTL is actively managed, while MRAL is passively managed. Over the past year, VRTL returned 64.41% vs -76.80% for MRAL. Their 0.42 correlation means their historical movements had little consistent relationship. Both charge a 1.50% expense ratio.

Performance

VRTL vs. MRAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long VRT Daily ETF (VRTL) and GraniteShares 2x Long MARA Daily ETF (MRAL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VRTL achieves a 49.92% return, which is significantly higher than MRAL's -8.52% return.

VRTL

• 1D: 12.49%
• 1M: -40.41%
• 6M: 17.15%
• YTD: 49.92%
• 1Y: 64.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 134.30%

MRAL

• 1D: -8.96%
• 1M: -24.24%
• 6M: -13.43%
• YTD: -8.52%
• 1Y: -76.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -72.71%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MRAL GraniteShares 2x Long MARA Daily ETF	$4.23M	$5.15M	$7.61M
VRTL GraniteShares 2x Long VRT Daily ETF	$7.19M	$7.02M	$12.49M

VRTL vs. MRAL - Yearly Performance Comparison

	2026 (YTD)	2025
VRTL GraniteShares 2x Long VRT Daily ETF	49.92%	110.50%
MRAL GraniteShares 2x Long MARA Daily ETF	-8.52%	-78.50%

Correlation

The correlation between VRTL and MRAL is 0.42, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.42
Correlation (All Time) Calculated using the full available price history since Mar 25, 2025	0.42

VRTL vs. MRAL - Sectors Allocation Comparison

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

Return for Risk

VRTL vs. MRAL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VRTL

VRTL Risk / Return Rank: 30
VRTL Sharpe Ratio Rank: 21
VRTL Sortino Ratio Rank: 40
VRTL Omega Ratio Rank: 40
VRTL Calmar Ratio Rank: 25
VRTL Martin Ratio Rank: 26

MRAL

MRAL Risk / Return Rank: 5
MRAL Sharpe Ratio Rank: 5
MRAL Sortino Ratio Rank: 7
MRAL Omega Ratio Rank: 7
MRAL Calmar Ratio Rank: 2
MRAL Martin Ratio Rank: 4

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VRTL vs. MRAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long VRT Daily ETF (VRTL) and GraniteShares 2x Long MARA Daily ETF (MRAL). 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.

	VRTL	MRAL	Difference
Sharpe ratio: Return per unit of total volatility	0.42	-0.48	+0.91
Sortino ratio: Return per unit of downside risk	1.50	-0.21	+1.71
Omega ratio: Gain probability vs. loss probability	1.19	0.98	+0.21
Calmar ratio: Return relative to maximum drawdown	0.77	-0.84	+1.61
Martin ratio: Return relative to average drawdown	2.20	-1.09	+3.29

VRTL vs. MRAL - Sharpe Ratio Comparison

The current VRTL Sharpe Ratio is 0.42, which is higher than the MRAL Sharpe Ratio of -0.48. The chart below compares the historical Sharpe Ratios of VRTL and MRAL, 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

VRTL vs. MRAL - Drawdown Comparison

The maximum VRTL drawdown since its inception was -70.53%, smaller than the maximum MRAL drawdown of -93.46%. Use the drawdown chart below to compare losses from any high point for VRTL and MRAL.

Drawdown Indicators

	VRTL	MRAL	Difference
Max Drawdown Largest peak-to-trough decline	-70.53%	-93.46%	+22.93%
Max Drawdown (1Y) Largest decline over 1 year	-70.53%	-93.46%	+22.93%
Current Drawdown Current decline from peak	-65.58%	-87.95%	+22.37%
Average Drawdown Average peak-to-trough decline	-18.14%	-58.89%	+40.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.96%	71.78%	-46.82%

Volatility

VRTL vs. MRAL - Volatility Comparison

The current volatility for GraniteShares 2x Long VRT Daily ETF (VRTL) is 52.00%, while GraniteShares 2x Long MARA Daily ETF (MRAL) has a volatility of 60.92%. This indicates that VRTL experiences smaller price fluctuations and is considered to be less risky than MRAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VRTL	MRAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	52.00%	60.92%	-8.92%
Volatility (6M) Calculated over the trailing 6-month period	106.22%	127.55%	-21.33%
Volatility (1Y) Calculated over the trailing 1-year period	128.88%	162.66%	-33.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	130.52%	167.33%	-36.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	130.52%	167.33%	-36.81%

VRTL vs. MRAL - Expense Ratio Comparison

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

Dividends

VRTL vs. MRAL - Dividend Comparison

Neither VRTL nor MRAL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VRTL and MRAL in my portfolio?

VRTL and MRAL have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VRTL or MRAL?

MRAL has higher volatility (60.92%) compared to VRTL (52.00%). In terms of maximum drawdown, VRTL dropped -70.53% vs MRAL's -93.46%.

Which ETF is better, VRTL or MRAL?

On 1-year performance, VRTL leads with 64.41% vs -76.80% for MRAL. Both ETFs have the same 1.50% expense ratio. On volatility, VRTL has been the lower-risk option at 52.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VRTL or MRAL?

Over the 1-year period, VRTL has performed better with a 64.41% return vs -76.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VRTL or MRAL?

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

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

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

Which has better risk-adjusted returns?

VRTL currently has the higher Sharpe Ratio (0.42 vs -0.48), 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.