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

JANH and MRA both write options for income. Innovator Premium Income 20 Barrier ETF - January and GraniteShares Autocallable MARA ETF.

6.3%
JANH cash paid, 1 year
13.7%
MRA cash paid, since launch
+6.5%
JANH total return, 1 year
+4.6%
MRA total return, since launch
JANH · 1 year to Sep 30, 20269.2 pts behind SPY
JANH
+6.5%
SPY
+15.7%

9.2 pts behind SPY

JANH over 1 year: paid 6.3%, price +0.1%, total +6.5%, SPY +15.7%, −9.2 pts.

SPY

+15.7%

JANH

+6.5%

6.3% as cash

9.2 pts behind SPY

Total return, distributions reinvested

9.2 pts behind SPY

JANH over 1 year: paid 6.3%, price +0.1%, total +6.5%, SPY +15.7%, −9.2 pts.

SPY

+15.7%

JANH

+6.5%

9.2 pts behind SPY

6.3% of it arrived as cash. Total return, distributions reinvested. JANH over 1 year: paid 6.3%, price +0.1%, total +6.5%, SPY +15.7%, −9.2 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%

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 +15.7%. 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
WindowJANHMRAJANHMRAJANHMRA
3 months+1.6%+7.2%1.6%7.5%−0.9 pts+22.4 pts
6 months+6.1%not published3.2%not published−10.9 ptsnot published
1 year+6.5%not published6.3%not published−9.2 ptsnot published
Since launch
JANH Jan 2024 · MRA May 2026
+20.0%+4.6%17.7%13.7%−46.6 pts+25.5 pts

JANH 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

JANH
Innovator Premium Income 20 Barrier ETF - January · Defined income on SPY, paying quarterly
MRA
GraniteShares Autocallable MARA ETF · Autocallable on MARA, paying monthly
Issuer Innovator GraniteShares
Strategy defined income autocallable
Benchmark S&P 500 (SPY) MARA (MARA)
Pays quarterly monthly
Payout rate, annualized 6.3% 45.3%
Expense ratio 0.79% 1.07%
Cash paid, 1 year 6.3% 13.7% (since launch on May 27, 2026)
Price change, 1 year +0.1% −10.4%
Total return, 1 year +6.5% +4.6% (since launch on May 27, 2026)
Benchmark return, 1 year +15.7% −20.9%
Ahead or behind −9.2 pts +25.5 pts
Return of capital, latest estimate not published not published
Age 1002 days 126 days
Net assets $12m $1m

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

JANH in plain words

Over the year to Sep 30, 2026, JANH paid 6.3% of its starting value in cash distributions while its price rose 0.1%. With every distribution reinvested, the fund returned +6.5%. S&P 500 (SPY) returned +15.7% over the same days, so a holder was behind by 9.2 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 6.3%, paid quarterly.

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, JANH or MRA?
JANH charges 0.79% a year and MRA charges 1.07%, so JANH is cheaper. Fees come from each fund's prospectus.
Cite this page

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