APRJ vs MSR: which paid, and which earned it?
APRJ and MSR both write options for income. Innovator Premium Income 30 Barrier ETF - April and GraniteShares Autocallable MSTR ETF.
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% 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.
16.6 pts behind MSTR
MSR since launch: paid 5.2%, price −38.4%, total −33.6%, MSTR −17.0%, −16.6 pts.
MSTR
−17.0%
MSR
−33.6%
16.6 pts behind MSTR
Total return, distributions reinvested
16.6 pts behind MSTR
MSR since launch: paid 5.2%, price −38.4%, total −33.6%, MSTR −17.0%, −16.6 pts.
MSTR
−17.0%
MSR
−33.6%
16.6 pts behind MSTR
5.2% of it arrived as cash. Both charts share one scale, 0 to +15.7%. MSR since launch: paid 5.2%, price −38.4%, total −33.6%, MSTR −17.0%, −16.6 pts.
What they hold in common
By the books each fund has filed, APRJ and MSR hold 95% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Jun 30, 2026.
half
95% in common
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.
Performance, window by window
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | APRJ | MSR | APRJ | MSR | APRJ | MSR |
| 3 months | +1.1% | +14.9% | 1.7% | 4.1% | −1.4 pts | −49.0 pts |
| 6 months | +3.9% | not published | 3.5% | not published | −13.1 pts | not published |
| 1 year | +6.1% | not published | 6.2% | not published | −9.6 pts | not published |
| 3 years | +19.5% | not published | 17.8% | not published | −65.5 pts | not published |
| Since launch APRJ Apr 2023 · MSR May 2026 | +23.8% | −33.6% | 21.1% | 5.2% | −70.0 pts | −16.6 pts |
APRJ and MSR 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 and MSR 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.
MSR in plain words
Over the period since launch on May 12, 2026 to Sep 30, 2026, MSR paid 5.2% of its starting value in cash distributions while its price fell 38.4%. With every distribution reinvested, the fund returned −33.6%. MicroStrategy (MSTR) returned −17.0% over the same days, so a holder was behind by 16.6 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 44.3%, paid periodically. GraniteShares estimates that 0% of the distribution paid Jun 5, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
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.
ETFIQ, APRJ against MSR, data as of Sep 30, 2026. https://etfiq.com/compare/income/aprj-vs-msr
Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, APRJ against MSR, data as of Sep 30, 2026. https://etfiq.com/compare/income/aprj-vs-msr Free to use with attribution; the underlying files are at Open data.
Other forms
- Plain
- ETFIQ, APRJ against MSR, data as of Sep 30, 2026. https://etfiq.com/compare/income/aprj-vs-msr
- APA
- ETFIQ. (Sep 30, 2026). APRJ against MSR. Retrieved from https://etfiq.com/compare/income/aprj-vs-msr
- Markdown
- [APRJ against MSR (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/income/aprj-vs-msr)