Which is cheaper, DACL or MRA?

DACL charges 0.65% a year and MRA charges 1.07%, so DACL is cheaper. Fees come from each fund's prospectus.

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

DACL and MRA both write options for income. REX Defensive Autocallable Income ETF and GraniteShares Autocallable MARA ETF.

0.6%

DACL cash paid, since launch

13.7%

MRA cash paid, since launch

+0.5%

DACL total return, since launch

+4.6%

MRA total return, since launch

DACL · since launch to Sep 30, 20262.2 pts ahead of SPY

DACL

+0.5%

SPY

−1.7%

2.2 pts ahead of SPY

DACL since launch: paid 0.6%, price −0.1%, total +0.5%, SPY −1.7%, +2.2 pts.

SPY

−1.7%

DACL

+0.5%

2.2 pts ahead of SPY

Total return, distributions reinvested

2.2 pts ahead of SPY

DACL since launch: paid 0.6%, price −0.1%, total +0.5%, SPY −1.7%, +2.2 pts.

SPY

−1.7%

DACL

+0.5%

2.2 pts ahead of SPY

0.6% of it arrived as cash. Total return, distributions reinvested. DACL since launch: paid 0.6%, price −0.1%, total +0.5%, SPY −1.7%, +2.2 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 return		Cash paid		Against the benchmark
Window	DACL	MRA	DACL	MRA	DACL	MRA
3 months	not published	+7.2%	not published	7.5%	not published	+22.4 pts
Since launch DACL Aug 2026 · MRA May 2026	+0.5%	+4.6%	0.6%	13.7%	+2.2 pts	+25.5 pts

DACL 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

DACL

REX Defensive Autocallable Income ETF · Autocallable on SPY

MRA

GraniteShares Autocallable MARA ETF · Autocallable on MARA, paying monthly

Issuer REX GraniteShares

Strategy autocallable autocallable

Benchmark S&P 500 (SPY), used as a default proxy MARA (MARA)

Pays not established monthly

Payout rate, annualized 6.6% 45.3%

Expense ratio 0.65% 1.07%

Cash paid, 1 year 0.6% (since launch on Aug 13, 2026) 13.7% (since launch on May 27, 2026)

Price change, 1 year −0.1% −10.4%

Total return, 1 year +0.5% (since launch on Aug 13, 2026) +4.6% (since launch on May 27, 2026)

Benchmark return, 1 year −1.7% −20.9%

Ahead or behind +2.2 pts +25.5 pts

Return of capital, latest estimate not published not published

Age 48 days 126 days

Net assets $4m $1m

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

DACL in plain words

Over the period since launch on Aug 13, 2026 to Sep 30, 2026, DACL paid 0.6% of its starting value in cash distributions while its price fell 0.1%. With every distribution reinvested, the fund returned +0.5%. S&P 500 (SPY), used as a default proxy returned −1.7% over the same days, so a holder was ahead by 2.2 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 6.6%, paid periodically.

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, DACL or MRA?: DACL charges 0.65% a year and MRA charges 1.07%, so DACL is cheaper. Fees come from each fund's prospectus.

Other comparisons

DACL vs ACRT DACL vs ACSP DACL vs ACYN DACL vs ACYQ MRA vs JANQ MRA vs JULH MRA vs JULJ MRA vs MAAY

S&P 500 (SPY) →DACL on its own →MRA on its own →How every figure is computed →Standards and sources →

Where these figures came from

DACL filings on SEC EDGAR ↗DACL prospectus with the expense ratio (SEC) ↗REX page for DACL ↗MRA filings on SEC EDGAR ↗MRA prospectus with the expense ratio (SEC) ↗GraniteShares page for MRA ↗

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.

Cite this page

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