ATCL vs MSR: which paid, and which earned it?
ATCL and MSR both write options for income. REX Autocallable Income ETF and GraniteShares Autocallable MSTR ETF.
7 pts behind SPY
ATCL since launch: paid 7.9%, price −3.0%, total +5.0%, SPY +12.0%, −7.0 pts.
SPY
+12.0%
ATCL
+5.0%
7 pts behind SPY
Total return, distributions reinvested
7 pts behind SPY
ATCL since launch: paid 7.9%, price −3.0%, total +5.0%, SPY +12.0%, −7.0 pts.
SPY
+12.0%
ATCL
+5.0%
7 pts behind SPY
7.9% of it arrived as cash. Total return, distributions reinvested. ATCL since launch: paid 7.9%, price −3.0%, total +5.0%, SPY +12.0%, −7.0 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 +12.0%. 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, ATCL and MSR hold 96% 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 Jun 30, 2026.
half
96% 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 | ATCL | MSR | ATCL | MSR | ATCL | MSR |
| 3 months | +1.4% | +14.9% | 3.4% | 4.1% | −1.1 pts | −49.0 pts |
| 6 months | +7.5% | not published | 7.0% | not published | −9.5 pts | not published |
| Since launch ATCL Feb 2026 · MSR May 2026 | +5.0% | −33.6% | 7.9% | 5.2% | −7.0 pts | −16.6 pts |
ATCL 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
ATCL and MSR on the same fields, as of Sep 30, 2026. Source: ETFIQ.
ATCL in plain words
Over the period since launch on Feb 18, 2026 to Sep 30, 2026, ATCL paid 7.9% of its starting value in cash distributions while its price fell 3.0%. With every distribution reinvested, the fund returned +5.0%. S&P 500 (SPY), used as a default proxy returned +12.0% over the same days, so a holder was behind by 7.0 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 13.7%, paid monthly. REX estimates that 77% of the distribution paid Aug 19, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
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, ATCL against MSR, data as of Sep 30, 2026. https://etfiq.com/compare/income/atcl-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, ATCL against MSR, data as of Sep 30, 2026. https://etfiq.com/compare/income/atcl-vs-msr Free to use with attribution; the underlying files are at Open data.
Other forms
- Plain
- ETFIQ, ATCL against MSR, data as of Sep 30, 2026. https://etfiq.com/compare/income/atcl-vs-msr
- APA
- ETFIQ. (Sep 30, 2026). ATCL against MSR. Retrieved from https://etfiq.com/compare/income/atcl-vs-msr
- Markdown
- [ATCL against MSR (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/income/atcl-vs-msr)