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

APRJ and MRA both write options for income. Innovator Premium Income 30 Barrier ETF - April and GraniteShares Autocallable MARA ETF.

6.2%
APRJ cash paid, 1 year
13.7%
MRA cash paid, since launch
+6.1%
APRJ total return, 1 year
+4.6%
MRA total return, since launch
APRJ · 1 year to Sep 30, 20269.6 pts behind SPY
APRJ
+6.1%
SPY
+15.7%

9.6 pts behind SPY

APRJ over 1 year: paid 6.2%, price −0.2%, total +6.1%, SPY +15.7%, −9.6 pts.

SPY

+15.7%

APRJ

+6.1%

6.2% as cash

9.6 pts behind SPY

Total return, distributions reinvested

9.6 pts behind SPY

APRJ over 1 year: paid 6.2%, price −0.2%, total +6.1%, SPY +15.7%, −9.6 pts.

SPY

+15.7%

APRJ

+6.1%

9.6 pts behind SPY

6.2% of it arrived as cash. Total return, distributions reinvested. APRJ over 1 year: paid 6.2%, price −0.2%, total +6.1%, SPY +15.7%, −9.6 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 returnCash paidAgainst the benchmark
WindowAPRJMRAAPRJMRAAPRJMRA
3 months+1.1%+7.2%1.7%7.5%−1.4 pts+22.4 pts
6 months+3.9%not published3.5%not published−13.1 ptsnot published
1 year+6.1%not published6.2%not published−9.6 ptsnot published
3 years+19.5%not published17.8%not published−65.5 ptsnot published
Since launch
APRJ Apr 2023 · MRA May 2026
+23.8%+4.6%21.1%13.7%−70.0 pts+25.5 pts

APRJ 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

APRJ
Innovator Premium Income 30 Barrier ETF - April · Defined income on SPY, paying quarterly
MRA
GraniteShares Autocallable MARA ETF · Autocallable on MARA, paying monthly
Issuer Innovator GraniteShares
Strategy defined income autocallable
Benchmark S&P 500 (SPY) MARA (MARA)
Pays quarterly monthly
Payout rate, annualized 6.9% 45.3%
Expense ratio 0.79% 1.07%
Cash paid, 1 year 6.2% 13.7% (since launch on May 27, 2026)
Price change, 1 year −0.2% −10.4%
Total return, 1 year +6.1% +4.6% (since launch on May 27, 2026)
Benchmark return, 1 year +15.7% −20.9%
Ahead or behind −9.6 pts +25.5 pts
Return of capital, latest estimate not published not published
Age 1276 days 126 days
Net assets $28m $1m

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

APRJ in plain words

Over the year to Sep 30, 2026, APRJ paid 6.2% of its starting value in cash distributions while its price fell 0.2%. With every distribution reinvested, the fund returned +6.1%. S&P 500 (SPY) returned +15.7% over the same days, so a holder was behind by 9.6 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 6.9%, paid quarterly.

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, APRJ or MRA?
APRJ charges 0.79% a year and MRA charges 1.07%, so APRJ is cheaper. Fees come from each fund's prospectus.
Cite this page

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