Which is cheaper, ACEI or MRA?

ACEI charges 0.79% a year and MRA charges 1.07%, so ACEI is cheaper. Fees come from each fund's prospectus.

ACEI vs MRA: which paid, and which earned it?

ACEI and MRA both write options for income. Innovator Equity Autocallable Income Strategy ETF and GraniteShares Autocallable MARA ETF.

11.1%

ACEI cash paid, 1 year

13.7%

MRA cash paid, since launch

+5.9%

ACEI total return, 1 year

+4.6%

MRA total return, since launch

ACEI · 1 year to Sep 30, 20269.8 pts behind SPY

ACEI

+5.9%

SPY

+15.7%

9.8 pts behind SPY

ACEI over 1 year: paid 11.1%, price −5.7%, total +5.9%, SPY +15.7%, −9.8 pts.

SPY

+15.7%

ACEI

+5.9%

11.1% cash

9.8 pts behind SPY

Total return, distributions reinvested

9.8 pts behind SPY

ACEI over 1 year: paid 11.1%, price −5.7%, total +5.9%, SPY +15.7%, −9.8 pts.

SPY

+15.7%

ACEI

+5.9%

9.8 pts behind SPY

11.1% of it arrived as cash. Total return, distributions reinvested. ACEI over 1 year: paid 11.1%, price −5.7%, total +5.9%, SPY +15.7%, −9.8 pts.

MRA · since launch to Sep 30, 202625.5 pts ahead of MARA

MRA

+4.6%

MARA

−20.9%

25.5 pts ahead of MARA

MRA since launch: paid 13.7%, price −10.4%, total +4.6%, MARA −20.9%, +25.5 pts.

MARA

−20.9%

MRA

+4.6%

25.5 pts ahead of MARA

Total return, distributions reinvested

25.5 pts ahead of MARA

MRA since launch: paid 13.7%, price −10.4%, total +4.6%, MARA −20.9%, +25.5 pts.

MARA

−20.9%

MRA

+4.6%

25.5 pts ahead of MARA

13.7% of it arrived as cash. Both charts share one scale, 0 to +15.7%. MRA since launch: paid 13.7%, price −10.4%, total +4.6%, MARA −20.9%, +25.5 pts.

Performance, window by window

	Total return		Cash paid		Against the benchmark
Window	ACEI	MRA	ACEI	MRA	ACEI	MRA
3 months	+5.4%	+7.2%	3.3%	7.5%	+2.8 pts	+22.4 pts
6 months	+5.6%	not published	6.5%	not published	−11.4 pts	not published
1 year	+5.9%	not published	11.1%	not published	−9.8 pts	not published
Since launch ACEI Sep 2025 · MRA May 2026	+6.0%	+4.6%	11.1%	13.7%	−11.2 pts	+25.5 pts

ACEI and MRA over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

ACEI

Innovator Equity Autocallable Income Strategy ETF · Autocallable on SPY, paying monthly

MRA

GraniteShares Autocallable MARA ETF · Autocallable on MARA, paying monthly

Issuer Innovator GraniteShares

Strategy autocallable autocallable

Benchmark S&P 500 (SPY), used as a default proxy MARA (MARA)

Pays monthly monthly

Payout rate, annualized 13.0% 45.3%

Expense ratio 0.79% 1.07%

Cash paid, 1 year 11.1% 13.7% (since launch on May 27, 2026)

Price change, 1 year −5.7% −10.4%

Total return, 1 year +5.9% +4.6% (since launch on May 27, 2026)

Benchmark return, 1 year +15.7% −20.9%

Ahead or behind −9.8 pts +25.5 pts

Return of capital, latest estimate not published not published

Age 370 days 126 days

Net assets $50m $1m

ACEI and MRA on the same fields, as of Sep 30, 2026. Source: ETFIQ.

ACEI in plain words

Over the year to Sep 30, 2026, ACEI paid 11.1% of its starting value in cash distributions while its price fell 5.7%. With every distribution reinvested, the fund returned +5.9%. S&P 500 (SPY), used as a default proxy returned +15.7% over the same days, so a holder was behind by 9.8 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 13.0%, paid monthly.

MRA in plain words

Over the period since launch on May 27, 2026 to Sep 30, 2026, MRA paid 13.7% of its starting value in cash distributions while its price fell 10.4%. With every distribution reinvested, the fund returned +4.6%. MARA (MARA) returned −20.9% over the same days, so a holder was ahead by 25.5 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 45.3%, paid monthly.

Questions people ask

Which is cheaper, ACEI or MRA?: ACEI charges 0.79% a year and MRA charges 1.07%, so ACEI is cheaper. Fees come from each fund's prospectus.

Other comparisons

ACEI vs ATCL ACEI vs CAGE ACEI vs CAIE ACEI vs CAIQ MRA vs CAIQ MRA vs JANH MRA vs JANJ MRA vs JANQ

S&P 500 (SPY) →ACEI on its own →MRA on its own →How every figure is computed →Standards and sources →

Where these figures came from

ACEI filings on SEC EDGAR ↗ACEI prospectus with the expense ratio (SEC) ↗Innovator page for ACEI ↗MRA filings on SEC EDGAR ↗MRA prospectus with the expense ratio (SEC) ↗GraniteShares page for MRA ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, ACEI against MRA, data as of Sep 30, 2026. https://etfiq.com/compare/income/acei-vs-mra

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.