GraniteShares 2x Long MARA Daily ETF (MRAL) Performance
MRAL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −71.1% since Dec 31, 2025
- 1 year
- −94.5% total return
- Since first price
- −95.3% since 2025
MRAL trailing returns vs SPY, QQQ, AGG
| Period | MRAL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −74.0% | −74.0% | −1.0% | −5.0% | +0.9% |
| 3 months | −76.5% | −76.5% | +3.2% | +1.9% | −0.4% |
| 6 months | −77.1% | −77.1% | +7.8% | +8.4% | −1.5% |
| YTD | −71.1% | −71.1% | +12.3% | +15.1% | −1.0% |
| 1 year | −94.5% | −94.5% | +14.4% | +15.9% | −1.1% |
| Since inceptionMar 7, 2025 | −95.3% | −95.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MRAL vs SPY
From Mar 7, 2025: MRAL grew to $469, SPY to $13,455.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MRAL returns by calendar year
2026 is year to date.
MRAL annual returns table
| Year | MRAL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −71.1% | −84.7% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MRAL largest drawdowns
Now 96.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 15, 2025 | −96.2% | Oct 23, 2026 | not yet | 1.0 years | 1.0 years so far |
| Mar 7, 2025 | −62.5% | Apr 8, 2025 | Jul 10, 2025 | 32 days | 4 months |
| Jul 17, 2025 | −46.3% | Sep 5, 2025 | Oct 14, 2025 | 50 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MRAL risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | −57.1% |
| Volatility (annualized) | 126.4% |
| Sharpe ratio | -0.10 |
| Sortino ratio | -0.16 |
| Best month | +102.8% |
| Worst month | −61.7% |
| Best 12 months | −51.3% |
| Worst 12 months | −84.2% |
| Positive months | 44% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MRAL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 8 | −93.8% | −78.2% | −51.3% | 0% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
MRAL performance overview
GraniteShares 2x Long MARA Daily ETF (MRAL) returned −94.5% over the past year, with distributions reinvested. Since its first recorded price on Mar 7, 2025 it has returned −95.3%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −96.2%, from Oct 15, 2025 to Oct 23, 2026; the fund has not yet regained that high. Volatility has been 126.4% a year.
Related: MRAL chart. See the MRAL overview for the latest quote and fund facts.
MRAL performance FAQ
What is the MRAL return over the past year?
MRAL returned −94.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 94.5%.
How much would $10,000 invested in MRAL be worth?
$10,000 invested in MRAL at its first recorded close on March 7, 2025 would be worth about $469 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of MRAL?
The largest peak-to-trough decline was −96.2% between October 15, 2025 and October 23, 2026. It has not yet recovered to that high; it is 96.2% below its peak.
How volatile is MRAL?
Over the past history MRAL had an annualized volatility of 126.4% and a Sharpe ratio of -0.10 (excess return over 1–3 month T-bills per unit of risk).