MRAL vs QQQ
GraniteShares 2x Long MARA Daily ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | MRAL | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.50% | 0.18% | |
| AUM | $31M | $496.3B | |
| Dividend Yield | 0.00% | 0.44% | |
| Holdings | 2 | 108 | |
| YTD Return | -30.30% | +16.23% | |
| 1Y Return | -78.28% | +26.23% | |
| 3Y Return (annualized) | - | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 129.7% | 30.6% | |
| Max Drawdown | -93.5% | -83.0% | |
| Fund Family | GraniteShares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Mar 7, 2025 | Mar 10, 1999 |
MRAL vs QQQ Performance
GraniteShares 2x Long MARA Daily ETF (MRAL) is a ETF from GraniteShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year MRAL returned -78.28% while QQQ returned +26.23%. Year to date, MRAL is down 30.30% versus a gain of 16.23% for QQQ.
Risk: Volatility and Drawdowns
MRAL has been the more volatile fund, with annualized monthly volatility of 129.7% compared with 30.6% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -93.5% for MRAL and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
MRAL charges 1.50% per year while QQQ charges 0.18%. On a $10,000 position that is $150 vs $18 annually, a gap of $132 per year that compounds over a long holding period. On income, MRAL currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
MRAL and QQQ share 0 holdings out of 103 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MRAL or QQQ?
MRAL has an expense ratio of 1.50% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $132 per year of difference.
Which performed better, MRAL or QQQ?
Over the past year MRAL returned -78.28% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), MRAL annualized -74.66% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, MRAL or QQQ?
MRAL has been the more volatile fund at 129.7% annualized versus 30.6% for QQQ. Worst drawdown: MRAL -93.5% vs QQQ -83.0%.
Should I hold both MRAL and QQQ?
MRAL and QQQ have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MRAL and QQQ?
MRAL and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, MRAL or QQQ?
MRAL yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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