MRAL vs SPBC

Comparison between GRANITESHARES 2X LONG MARA DAILY ETF (MRAL, ETF) and SIMPLIFY US EQUITY PLUS BITCOIN STRATEGY ETF (SPBC, ETF).

MRAL vs SPBC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MRAL(ETF)	SPBC(ETF)
Net Assets	$44M	$44M
Expense Ratio	N/A	0.54%
Max Drawdown	93.46%	35.13%
Sharpe Ratio	-0.10	0.91
5Y Beta	4.77	1.07

Net Assets

MRAL

$44M

Winner

SPBC

$44M

Expense Ratio

MRAL

N/A

SPBC

0.54%

Max Drawdown

MRAL

93.46%

Winner

SPBC

35.13%

Sharpe Ratio

MRAL

-0.10

Winner

SPBC

0.91

5Y Beta

MRAL

4.77

Winner

SPBC

1.07

MRAL vs SPBC - Historical Returns

Returns include dividend reinvestment.

Period	MRAL	SPBC
1 month	-23.67%	+5.96%
3 months	-48.03%	+3.72%
6 months	+26.92%	+14.31%
1 year	-77.85%	+16.53%
5 years(CAGR)	N/A	+14.97%
Max(CAGR)	-74.25%	+16.21%

MRAL

-23.67%

Winner

SPBC

+5.96%

MRAL

-48.03%

Winner

SPBC

+3.72%

Winner

MRAL

+26.92%

SPBC

+14.31%

MRAL

-77.85%

Winner

SPBC

+16.53%

5Y(CAGR)

MRAL

N/A

SPBC

+14.97%

Max(CAGR)

MRAL

-74.25%

Winner

SPBC

+16.21%

MRAL vs SPBC - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	MRAL	SPBC
2026	-29.75%	+11.62%
2025	-83.75%	+16.31%
2024	N/A	+36.87%
2023	N/A	+48.87%
2022	N/A	-28.38%
2021	N/A	+14.86%

MRAL vs SPBC 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 SPBC was -33.99%, occurring on Oct 14, 2022. Recovery took 523 trading sessions.

The current MRAL drawdown is -88.89%.

Rank	MRAL	SPBC
#1	-93.46% Oct 15, 2025 - Feb 5, 2026	-33.99% Nov 9, 2021 - Dec 8, 2023
#2	-62.51% Mar 7, 2025 - Jul 10, 2025	-21.00% Dec 16, 2024 - Jun 24, 2025
#3	-46.29% Jul 17, 2025 - Oct 14, 2025	-12.24% Oct 28, 2025 - Apr 17, 2026
#4	-4.81% Jul 14, 2025 - Jul 16, 2025	-10.19% Jul 16, 2024 - Sep 19, 2024
#5	N/A	-7.10% Mar 28, 2024 - May 20, 2024
#6	N/A	-6.66% Sep 3, 2021 - Oct 15, 2021
#7	N/A	-5.37% Jun 1, 2026 - Aug 4, 2026
#8	N/A	-3.94% Jul 7, 2021 - Jul 23, 2021
#9	N/A	-3.54% Oct 6, 2025 - Oct 27, 2025
#10	N/A	-2.97% Oct 29, 2024 - Nov 6, 2024
#11	N/A	-2.92% Jun 14, 2021 - Jun 29, 2021
#12	N/A	-2.81% Jul 28, 2025 - Aug 12, 2025
#13	N/A	-2.62% Aug 16, 2021 - Aug 23, 2021
#14	N/A	-2.58% May 14, 2026 - May 29, 2026
#15	N/A	-2.50% Aug 13, 2025 - Sep 10, 2025

Correlation

Correlation between MRAL and SPBC is -0.42 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.42

-101