MRAL vs SMAX
Comparison between GRANITESHARES 2X LONG MARA DAILY ETF (MRAL, ETF) and ISHARES LARGE CAP MAX BUFFER SEP ETF (SMAX, ETF).
MRAL vs SMAX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MRAL
$93M
Winner
SMAX
$93M
Expense Ratio
MRAL
N/A
SMAX
0.50%
Max Drawdown
MRAL
93.46%
Winner
SMAX
3.90%
Sharpe Ratio
MRAL
0.06
Winner
SMAX
1.73
5Y Beta
MRAL
4.81
Winner
SMAX
0.19
MRAL vs SMAX - Historical Returns
Returns include dividend reinvestment.
1M
Winner
MRAL
+14.87%
SMAX
+0.47%
3M
Winner
MRAL
+115.36%
SMAX
+3.00%
6M
MRAL
-4.27%
Winner
SMAX
+3.40%
1Y
MRAL
-63.78%
Winner
SMAX
+8.49%
Max(CAGR)
MRAL
-65.32%
Winner
SMAX
+7.10%
MRAL vs SMAX - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | MRAL | SMAX |
|---|---|---|
| 2026 | +34.30% | +2.96% |
| 2025 | -83.75% | +7.88% |
| 2024 | N/A | +1.02% |
MRAL vs SMAX 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 SMAX was -3.90%, occurring on Apr 8, 2025. Recovery took 60 trading sessions.
The current MRAL drawdown is -78.77%. The current SMAX drawdown is -0.23%.
| Rank | MRAL | SMAX |
|---|---|---|
| #1 | -93.46% Oct 15, 2025 - Feb 5, 2026 | -3.90% Feb 20, 2025 - May 16, 2025 |
| #2 | -62.51% Mar 7, 2025 - Jul 10, 2025 | -1.91% Feb 25, 2026 - Apr 13, 2026 |
| #3 | -46.29% Jul 17, 2025 - Oct 14, 2025 | -0.81% Oct 28, 2025 - Nov 26, 2025 |
| #4 | -4.81% Jul 14, 2025 - Jul 16, 2025 | -0.72% May 19, 2025 - Jun 2, 2025 |
| #5 | N/A | -0.71% Dec 11, 2024 - Dec 24, 2024 |
| #6 | N/A | -0.63% Jun 2, 2026 - Jun 10, 2026 |
| #7 | N/A | -0.61% Jan 9, 2026 - Jan 26, 2026 |
| #8 | N/A | -0.57% Dec 24, 2024 - Jan 15, 2025 |
| #9 | N/A | -0.56% Oct 22, 2024 - Nov 6, 2024 |
| #10 | N/A | -0.54% Feb 2, 2026 - Feb 9, 2026 |
| #11 | N/A | -0.53% Jul 28, 2025 - Aug 8, 2025 |
| #12 | N/A | -0.52% Nov 8, 2024 - Nov 29, 2024 |
| #13 | N/A | -0.48% Feb 9, 2026 - Feb 25, 2026 |
| #14 | N/A | -0.45% Oct 8, 2025 - Oct 20, 2025 |
| #15 | N/A | -0.39% Dec 11, 2025 - Dec 22, 2025 |
Correlation
Correlation between MRAL and SMAX is -0.55 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.
-0.55
-101
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