Which is cheaper, IACL or MRA?

IACL charges 0.55% a year and MRA charges 1.07%, so IACL is cheaper. Fees come from each fund's prospectus.

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

IACL and MRA both write options for income. GraniteShares US 100 Autocallable Income ETF and GraniteShares Autocallable MARA ETF.

0.4%

IACL cash paid, since launch

13.7%

MRA cash paid, since launch

+1.1%

IACL total return, since launch

+4.6%

MRA total return, since launch

IACL · since launch to Sep 30, 20261.4 pts ahead of SPY

IACL

+1.1%

SPY

−0.4%

1.4 pts ahead of SPY

IACL since launch: paid 0.4%, price +0.7%, total +1.1%, SPY −0.4%, +1.4 pts.

SPY

−0.4%

IACL

+1.1%

1.4 pts ahead of SPY

Total return, distributions reinvested

1.4 pts ahead of SPY

IACL since launch: paid 0.4%, price +0.7%, total +1.1%, SPY −0.4%, +1.4 pts.

SPY

−0.4%

IACL

+1.1%

1.4 pts ahead of SPY

0.4% of it arrived as cash. Total return, distributions reinvested. IACL since launch: paid 0.4%, price +0.7%, total +1.1%, SPY −0.4%, +1.4 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	IACL	MRA	IACL	MRA	IACL	MRA
3 months	not published	+7.2%	not published	7.5%	not published	+22.4 pts
Since launch IACL Aug 2026 · MRA May 2026	+1.1%	+4.6%	0.4%	13.7%	+1.4 pts	+25.5 pts

IACL 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

IACL

GraniteShares US 100 Autocallable Income ETF · Autocallable on SPY

MRA

GraniteShares Autocallable MARA ETF · Autocallable on MARA, paying monthly

Issuer GraniteShares GraniteShares

Strategy autocallable autocallable

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

Pays not established monthly

Payout rate, annualized 5.0% 45.3%

Expense ratio 0.55% 1.07%

Cash paid, 1 year 0.4% (since launch on Aug 18, 2026) 13.7% (since launch on May 27, 2026)

Price change, 1 year +0.7% −10.4%

Total return, 1 year +1.1% (since launch on Aug 18, 2026) +4.6% (since launch on May 27, 2026)

Benchmark return, 1 year −0.4% −20.9%

Ahead or behind +1.4 pts +25.5 pts

Return of capital, latest estimate 99% not published

Age 43 days 126 days

Net assets $3m $1m

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

IACL in plain words

Over the period since launch on Aug 18, 2026 to Sep 30, 2026, IACL paid 0.4% of its starting value in cash distributions while its price rose 0.7%. With every distribution reinvested, the fund returned +1.1%. S&P 500 (SPY), used as a default proxy returned −0.4% over the same days, so a holder was ahead by 1.4 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 5.0%, paid periodically. GraniteShares estimates that 99% of the distribution paid Sep 11, 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, IACL or MRA?: IACL charges 0.55% a year and MRA charges 1.07%, so IACL is cheaper. Fees come from each fund's prospectus.

Other comparisons

IACL vs ACRT IACL vs ACSP IACL vs ACYN IACL vs ACYQ MRA vs PLA MRA vs TLA MRA vs ACBE MRA vs ACBH

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

Where these figures came from

IACL and MRA filings on SEC EDGAR ↗IACL prospectus with the expense ratio (SEC) ↗IACL 19a-1 distribution notice ↗GraniteShares page for IACL ↗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, IACL against MRA, data as of Sep 30, 2026. https://etfiq.com/compare/income/iacl-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.