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

ACII and MRA both write options for income. Innovator Index Autocallable Income Strategy ETF and GraniteShares Autocallable MARA ETF.

3.8%
ACII cash paid, since launch
13.7%
MRA cash paid, since launch
+1.6%
ACII total return, since launch
+4.6%
MRA total return, since launch
ACII · since launch to Sep 30, 2026About even with SPY
ACII
+1.6%
SPY
+1.6%

About even with SPY

ACII since launch: paid 3.8%, price −2.3%, total +1.6%, SPY +1.6%, +0.1 pts.

SPY

+1.6%

ACII

+1.6%

about even with SPY

Total return, distributions reinvested

About even with SPY

ACII since launch: paid 3.8%, price −2.3%, total +1.6%, SPY +1.6%, +0.1 pts.

SPY

+1.6%

ACII

+1.6%

about even with SPY

3.8% of it arrived as cash. Total return, distributions reinvested. ACII since launch: paid 3.8%, price −2.3%, total +1.6%, SPY +1.6%, +0.1 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%

13.7% as cash

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

Performance, window by window

Total returnCash paidAgainst the benchmark
WindowACIIMRAACIIMRAACIIMRA
3 months+1.7%+7.2%2.4%7.5%−0.8 pts+22.4 pts
Since launch
ACII May 2026 · MRA May 2026
+1.6%+4.6%3.8%13.7%+0.1 pts+25.5 pts

ACII 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

ACII
Innovator Index 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 9.8% 45.3%
Expense ratio 0.79% 1.07%
Cash paid, 1 year 3.8% (since launch on May 28, 2026) 13.7% (since launch on May 27, 2026)
Price change, 1 year −2.3% −10.4%
Total return, 1 year +1.6% (since launch on May 28, 2026) +4.6% (since launch on May 27, 2026)
Benchmark return, 1 year +1.6% −20.9%
Ahead or behind +0.1 pts +25.5 pts
Return of capital, latest estimate not published not published
Age 125 days 126 days
Net assets $136m $1m

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

ACII in plain words

Over the period since launch on May 28, 2026 to Sep 30, 2026, ACII paid 3.8% of its starting value in cash distributions while its price fell 2.3%. With every distribution reinvested, the fund returned +1.6%. S&P 500 (SPY), used as a default proxy returned +1.6% over the same days, so a holder was about even. At its price on Sep 30, 2026 the latest distribution annualizes to 9.8%, 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, ACII or MRA?
ACII charges 0.79% a year and MRA charges 1.07%, so ACII is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, ACII against MRA, data as of Sep 30, 2026. https://etfiq.com/compare/income/acii-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.