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

ATC and MRA both write options for income. GraniteShares Autocallable COIN ETF and GraniteShares Autocallable MARA ETF.

10.8%
ATC cash paid, since launch
13.7%
MRA cash paid, since launch
+14.8%
ATC total return, since launch
+4.6%
MRA total return, since launch
ATC · since launch to Sep 30, 202625 pts ahead of COIN
ATC
+14.8%
COIN
−10.2%

25 pts ahead of COIN

ATC since launch: paid 10.8%, price +1.9%, total +14.8%, COIN −10.2%, +25.0 pts.

COIN

−10.2%

ATC

+14.8%

10.8% as cash

25 pts ahead of COIN

Total return, distributions reinvested

25 pts ahead of COIN

ATC since launch: paid 10.8%, price +1.9%, total +14.8%, COIN −10.2%, +25.0 pts.

COIN

−10.2%

ATC

+14.8%

25 pts ahead of COIN

10.8% of it arrived as cash. Total return, distributions reinvested. ATC since launch: paid 10.8%, price +1.9%, total +14.8%, COIN −10.2%, +25.0 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 +14.8%. 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
WindowATCMRAATCMRAATCMRA
3 months+23.3%+7.2%6.2%7.5%+6.2 pts+22.4 pts
Since launch
ATC May 2026 · MRA May 2026
+14.8%+4.6%10.8%13.7%+25.0 pts+25.5 pts

ATC 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

ATC
GraniteShares Autocallable COIN ETF · Autocallable on COIN, paying monthly
MRA
GraniteShares Autocallable MARA ETF · Autocallable on MARA, paying monthly
Issuer GraniteShares GraniteShares
Strategy autocallable autocallable
Benchmark Coinbase (COIN) MARA (MARA)
Pays monthly monthly
Payout rate, annualized 36.1% 45.3%
Expense ratio 1.07% 1.07%
Cash paid, 1 year 10.8% (since launch on May 12, 2026) 13.7% (since launch on May 27, 2026)
Price change, 1 year +1.9% −10.4%
Total return, 1 year +14.8% (since launch on May 12, 2026) +4.6% (since launch on May 27, 2026)
Benchmark return, 1 year −10.2% −20.9%
Ahead or behind +25.0 pts +25.5 pts
Return of capital, latest estimate 2% not published
Age 141 days 126 days
Net assets $998,712 $1m

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

ATC in plain words

Over the period since launch on May 12, 2026 to Sep 30, 2026, ATC paid 10.8% of its starting value in cash distributions while its price rose 1.9%. With every distribution reinvested, the fund returned +14.8%. Coinbase (COIN) returned −10.2% over the same days, so a holder was ahead by 25.0 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 36.1%, paid monthly. GraniteShares estimates that 2% of the distribution paid Aug 14, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).

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

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