MRAL vs AAPR

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

MRAL vs AAPR - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

MRAL

$72M

Winner

AAPR

$72M

Expense Ratio

MRAL

N/A

AAPR

0.79%

Max Drawdown

MRAL

93.46%

Winner

AAPR

5.99%

Sharpe Ratio

MRAL

-0.33

Winner

AAPR

1.55

5Y Beta

MRAL

4.80

Winner

AAPR

0.26

MRAL vs AAPR - Historical Returns

Returns include dividend reinvestment.

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

MRAL

-36.57%

Winner

AAPR

+0.46%

MRAL

-1.08%

Winner

AAPR

+0.89%

MRAL

-14.32%

Winner

AAPR

+3.68%

MRAL

-81.13%

Winner

AAPR

+7.78%

Max(CAGR)

MRAL

-70.95%

Winner

AAPR

+7.83%

MRAL vs AAPR - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

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

MRAL vs AAPR Drawdown Comparison

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

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

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

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

Correlation

Correlation between MRAL and AAPR 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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