AAPR vs MRAL

Comparison between Innovator Equity Defined Protection ETF - 2 Yr to April 2026 (AAPR, ETF) and GRANITESHARES 2X LONG MARA DAILY ETF (MRAL, ETF).

AAPR vs MRAL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	AAPR(ETF)	MRAL(ETF)
Net Assets	$72M	$72M
Expense Ratio	0.79%	N/A
Max Drawdown	5.99%	93.46%
Sharpe Ratio	1.55	-0.33
5Y Beta	0.26	4.80

Net Assets

Winner

AAPR

$72M

MRAL

$72M

Expense Ratio

AAPR

0.79%

MRAL

N/A

Max Drawdown

Winner

AAPR

5.99%

MRAL

93.46%

Sharpe Ratio

Winner

AAPR

1.55

MRAL

-0.33

5Y Beta

Winner

AAPR

0.26

MRAL

4.80

AAPR vs MRAL - Historical Returns

Returns include dividend reinvestment.

Period	AAPR	MRAL
1 month	+0.46%	-36.57%
3 months	+0.89%	-1.08%
6 months	+3.68%	-14.32%
1 year	+7.78%	-81.13%
Max(CAGR)	+7.83%	-70.95%

Winner

AAPR

+0.46%

MRAL

-36.57%

Winner

AAPR

+0.89%

MRAL

-1.08%

Winner

AAPR

+3.68%

MRAL

-14.32%

Winner

AAPR

+7.78%

MRAL

-81.13%

Max(CAGR)

Winner

AAPR

+7.83%

MRAL

-70.95%

AAPR vs MRAL - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	AAPR	MRAL
2026	+3.83%	-5.92%
2025	+7.90%	-83.75%
2024	+6.25%	N/A

AAPR vs MRAL Drawdown Comparison

The maximum drawdown for AAPR was -5.99%, occurring on Apr 8, 2025. Recovery took 61 trading sessions.

The maximum drawdown for MRAL was -93.46%, occurring on Feb 5, 2026. This drawdown has not yet recovered.

The current AAPR drawdown is -0.22%. The current MRAL drawdown is -85.13%.

Rank	AAPR	MRAL
#1	-5.99% Feb 19, 2025 - May 16, 2025	-93.46% Oct 15, 2025 - Feb 5, 2026
#2	-2.18% Jul 16, 2024 - Aug 16, 2024	-62.51% Mar 7, 2025 - Jul 10, 2025
#3	-2.06% Apr 1, 2024 - May 15, 2024	-46.29% Jul 17, 2025 - Oct 14, 2025
#4	-1.16% Aug 30, 2024 - Sep 13, 2024	-4.81% Jul 14, 2025 - Jul 16, 2025
#5	-1.02% Dec 6, 2024 - Jan 17, 2025	N/A
#6	-0.96% May 29, 2026 - Jul 6, 2026	N/A
#7	-0.82% Oct 18, 2024 - Nov 6, 2024	N/A
#8	-0.81% Nov 12, 2025 - Nov 25, 2025	N/A
#9	-0.75% May 19, 2025 - Jun 2, 2025	N/A
#10	-0.68% May 21, 2024 - Jun 5, 2024	N/A
#11	-0.59% Sep 30, 2024 - Oct 11, 2024	N/A
#12	-0.59% Nov 8, 2024 - Nov 26, 2024	N/A
#13	-0.52% Oct 8, 2025 - Oct 20, 2025	N/A
#14	-0.47% Jul 28, 2025 - Aug 6, 2025	N/A
#15	-0.45% May 11, 2026 - May 27, 2026	N/A

Correlation

Correlation between AAPR and MRAL is -0.63 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.63

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