ETF Filings
Tidal Trust II takes five Defiance 2x ETFs effective and files an AIMG summary prospectus
GraniteShares 2x Long MARA Daily ETF
DThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$23.16−1.94 (−7.73%)
- 1.93%
- $32M
- −89.3%
- 0.1M sh
- $24.89
- low $22.10high $366.30
The ETF.net MRAL Grade
D
Score 28 out of 100
- 338 of 380
Score 28 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F4 out of 100Rank 363 of 380Mission
Whether the fund did what it promised, tested against its stated mandate.B66 out of 100Rank 142 of 148Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F23 out of 100Rank 323 of 363Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B67 out of 100Rank 94 of 380Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A73 out of 100Rank 48 of 380
Our read on MRAL
DOne ticker, one stock, twice the daily move. MRAL aims for 2x the daily return of MARA Holdings inside an ETF wrapper, with a daily reset that makes it a trading tool rather than a set-and-forget holding.
The fund seeks to deliver twice the daily return of MARA Holdings Corporation for active traders seeking amplified short-term exposure.
Why people hold it
- The mandate is one line: twice MARA Holdings' daily move, reset each session. No stock picking, no index committee, nothing to interpret.
- You buy it like any share. The leverage lives inside the 1940 Act fund, so no margin account or options chain on your end.
- One reference stock, one job. What moves the price is never a mystery, which is rare in the leveraged aisle.
Worth knowing
- At 1.93% a year, it sits above the roughly 1% median for 2x single-stock funds; peers such as AMDG and UNHG run 0.75%, though they double different names.
- The daily reset is the whole mechanism: over multi-day stretches, results can diverge from 2x MARA's move, and choppy tape compounds the gap.
- Launched in 2025, so the operating history is short, and income is not part of the design.
MRAL Holdings
- Other
- 2
- 100%
- MARA
Sectors
- Financials100.0%
Geography
- United States100.00%
MRAL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
MRAL$1,065
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MRAL |
|---|---|
| Year to date | −45.3% |
| 1 month | −40.5% |
| 3 months | −55.5% |
| 1 year | −89.3% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MRAL |
|---|---|---|
| 2026 YTD | −45.3% | |
| 2025 | −83.8% |
MRAL in the news
MRAL Dividends
No distributions in the last 12 months.
MRAL Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 126.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.10
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −93.5%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 7.70
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MRAL Cost
1.93%
MRAL1.93%
- The middle half of Single-Stock Long Leveraged funds
- Median 0.98%
317 of the 333 Single-Stock Long Leveraged funds charge less.
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