OVM vs MRAL
Comparison between OVERLAY SHARES MUNICIPAL BOND ETF (OVM, ETF) and GRANITESHARES 2X LONG MARA DAILY ETF (MRAL, ETF).
OVM vs MRAL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
OVM
$44M
MRAL
$44M
Expense Ratio
OVM
0.81%
MRAL
N/A
Max Drawdown
Winner
OVM
24.24%
MRAL
93.46%
Sharpe Ratio
Winner
OVM
0.85
MRAL
-0.10
5Y Beta
Winner
OVM
0.19
MRAL
4.77
5Y Dividends CAGR
OVM
4.01%
MRAL
N/A
OVM vs MRAL - Historical Returns
Returns include dividend reinvestment.
1M
Winner
OVM
+0.47%
MRAL
-23.67%
3M
Winner
OVM
-0.12%
MRAL
-48.03%
6M
OVM
-0.32%
Winner
MRAL
+26.92%
1Y
Winner
OVM
+7.56%
MRAL
-77.85%
5Y(CAGR)
OVM
+1.01%
MRAL
N/A
Max(CAGR)
Winner
OVM
+2.47%
MRAL
-74.25%
OVM vs MRAL - Annual Returns (2019 - 2026)
Returns include dividend reinvestment.
| Year | OVM | MRAL |
|---|---|---|
| 2026 | +2.14% | -29.75% |
| 2025 | +4.18% | -83.75% |
| 2024 | +3.99% | N/A |
| 2023 | +6.98% | N/A |
| 2022 | -11.22% | N/A |
| 2021 | +4.98% | N/A |
| 2020 | +6.00% | N/A |
| 2019 | +1.72% | N/A |
OVM vs MRAL Drawdown Comparison
The maximum drawdown for OVM was -15.58%, occurring on Sep 30, 2022. Recovery took 694 trading sessions.
The maximum drawdown for MRAL was -93.46%, occurring on Feb 5, 2026. This drawdown has not yet recovered.
The current OVM drawdown is -1.91%. The current MRAL drawdown is -88.89%.
| Rank | OVM | MRAL |
|---|---|---|
| #1 | -15.58% Dec 28, 2021 - Oct 2, 2024 | -93.46% Oct 15, 2025 - Feb 5, 2026 |
| #2 | -14.90% Feb 20, 2020 - Jul 9, 2020 | -62.51% Mar 7, 2025 - Jul 10, 2025 |
| #3 | -8.20% Dec 6, 2024 - Oct 15, 2025 | -46.29% Jul 17, 2025 - Oct 14, 2025 |
| #4 | -2.88% Jul 6, 2026 - Jul 30, 2026 | -4.81% Jul 14, 2025 - Jul 16, 2025 |
| #5 | -2.44% Feb 27, 2026 - Apr 30, 2026 | N/A |
| #6 | -2.22% Feb 12, 2021 - Apr 15, 2021 | N/A |
| #7 | -2.12% Oct 2, 2024 - Nov 27, 2024 | N/A |
| #8 | -2.06% Sep 9, 2021 - Dec 28, 2021 | N/A |
| #9 | -1.84% Aug 10, 2020 - Nov 17, 2020 | N/A |
| #10 | -1.50% Oct 27, 2025 - Dec 10, 2025 | N/A |
| #11 | -1.24% May 8, 2026 - May 27, 2026 | N/A |
| #12 | -1.22% Jan 14, 2026 - Feb 2, 2026 | N/A |
| #13 | -1.17% Dec 24, 2020 - Jan 20, 2021 | N/A |
| #14 | -1.07% Jun 4, 2026 - Jul 2, 2026 | N/A |
| #15 | -0.82% May 7, 2021 - May 25, 2021 | N/A |
Correlation
Correlation between OVM and MRAL is -0.74 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
-0.74
-101
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