Sea anchor
Modern commercial sea anchors are usually made of cloth, shaped like a parachute or cone, and rigged so that the wider end leads and the narrower end trails. When deployed, this type of sea anchor floats just under the surface, and the water moving past the sea anchor keeps it filled. Some varieties are cylindrical, with an adjustable opening in the rear that allows the amount of braking to be adjusted when deployed.
Anchor
A traditional design, the grapnel is merely a shank with four or more tines. It has a benefit in that, no matter how it reaches the bottom, one or more tines will be aimed to set. In coral, or rock, it is often able to set quickly by hooking into the structure, but may be more difficult to retrieve. A grapnel is often quite light, and may have additional uses as a tool to recover gear lost overboard. Its weight also makes it relatively easy to move and carry, however its shape is generally not very compact and it may be awkward to stow unless a collapsing model is used.