SPXN vs MRAL

Comparison between PROSHARES S&P 500 EX-FINANCIALS ETF (SPXN, ETF) and GRANITESHARES 2X LONG MARA DAILY ETF (MRAL, ETF).

SPXN vs MRAL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SPXN(ETF)	MRAL(ETF)
Net Assets	$74M	$74M
Expense Ratio	0.09%	N/A
Max Drawdown	32.10%	93.46%
Sharpe Ratio	1.74	-0.06
5Y Beta	1.01	4.77
P/E Ratio	32.14	N/A
Forward P/E	23.65	N/A
5Y Dividends CAGR	10.46%	N/A
5Y EPS CAGR	28.44%	N/A
Debt to Equity	26.91%	N/A
P/S Ratio	3.77	N/A
P/B Ratio	7.13	N/A

Net Assets

Winner

SPXN

$74M

MRAL

$74M

Expense Ratio

SPXN

0.09%

MRAL

N/A

Max Drawdown

Winner

SPXN

32.10%

MRAL

93.46%

Sharpe Ratio

Winner

SPXN

1.74

MRAL

-0.06

5Y Beta

Winner

SPXN

1.01

MRAL

4.77

P/E Ratio

SPXN

32.14

MRAL

N/A

Forward P/E

SPXN

23.65

MRAL

N/A

5Y Dividends CAGR

SPXN

10.46%

MRAL

N/A

5Y EPS CAGR

SPXN

28.44%

MRAL

N/A

Debt to Equity

SPXN

26.91%

MRAL

N/A

P/S Ratio

SPXN

3.77

MRAL

N/A

P/B Ratio

SPXN

7.13

MRAL

N/A

SPXN vs MRAL - Historical Returns

Returns include dividend reinvestment.

Period	SPXN	MRAL
1 month	+2.09%	-2.81%
3 months	+9.58%	+64.74%
6 months	+9.61%	-28.23%
1 year	+29.81%	-68.31%
5 years(CAGR)	+14.25%	N/A
10 years(CAGR)	+15.92%	N/A
Max(CAGR)	+15.77%	-71.95%

Winner

SPXN

+2.09%

MRAL

-2.81%

SPXN

+9.58%

Winner

MRAL

+64.74%

Winner

SPXN

+9.61%

MRAL

-28.23%

Winner

SPXN

+29.81%

MRAL

-68.31%

5Y(CAGR)

SPXN

+14.25%

MRAL

N/A

10Y(CAGR)

SPXN

+15.92%

MRAL

N/A

Max(CAGR)

Winner

SPXN

+15.77%

MRAL

-71.95%

SPXN vs MRAL - Annual Returns (2015 - 2026)

Returns include dividend reinvestment.

Year	SPXN	MRAL
2026	+10.24%	+5.25%
2025	+18.96%	-83.75%
2024	+25.34%	N/A
2023	+29.18%	N/A
2022	-19.22%	N/A
2021	+28.89%	N/A
2020	+21.06%	N/A
2019	+30.83%	N/A
2018	-3.87%	N/A
2017	+20.84%	N/A
2016	+9.38%	N/A
2015	+8.82%	N/A

SPXN vs MRAL Drawdown Comparison

The maximum drawdown for SPXN was -32.10%, occurring on Mar 23, 2020. Recovery took 105 trading sessions.

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

The current SPXN drawdown is -3.50%. The current MRAL drawdown is -83.36%.

Rank	SPXN	MRAL
#1	-32.10% Feb 19, 2020 - Jul 20, 2020	-93.46% Oct 15, 2025 - Feb 5, 2026
#2	-24.46% Dec 29, 2021 - Dec 8, 2023	-62.51% Mar 7, 2025 - Jul 10, 2025
#3	-19.56% Feb 19, 2025 - Jun 26, 2025	-46.29% Jul 17, 2025 - Oct 14, 2025
#4	-18.59% Sep 26, 2018 - Apr 1, 2019	-4.81% Jul 14, 2025 - Jul 16, 2025
#5	-11.83% Dec 22, 2015 - May 11, 2016	N/A
#6	-9.77% Sep 2, 2020 - Nov 16, 2020	N/A
#7	-9.26% Jan 28, 2026 - Apr 14, 2026	N/A
#8	-9.22% Jul 16, 2024 - Sep 19, 2024	N/A
#9	-7.06% Apr 30, 2019 - Jun 20, 2019	N/A
#10	-6.25% Mar 9, 2018 - Jun 4, 2018	N/A
#11	-5.94% Jul 26, 2019 - Oct 25, 2019	N/A
#12	-5.72% Sep 3, 2021 - Oct 26, 2021	N/A
#13	-5.56% Oct 29, 2025 - Jan 9, 2026	N/A
#14	-5.50% Mar 28, 2024 - May 14, 2024	N/A
#15	-5.33% Feb 12, 2021 - Mar 29, 2021	N/A

Correlation

Correlation between SPXN and MRAL is -0.50 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.50

-101