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

JANJ and MRA both write options for income. Innovator Premium Income 30 Barrier ETF - January and GraniteShares Autocallable MARA ETF.

5.0%
JANJ cash paid, 1 year
13.7%
MRA cash paid, since launch
+5.2%
JANJ total return, 1 year
+4.6%
MRA total return, since launch
JANJ · 1 year to Sep 30, 202610.5 pts behind SPY
JANJ
+5.2%
SPY
+15.7%

10.5 pts behind SPY

JANJ over 1 year: paid 5.0%, price 0.0%, total +5.2%, SPY +15.7%, −10.5 pts.

SPY

+15.7%

JANJ

+5.2%

5.0% cash

10.5 pts behind SPY

Total return, distributions reinvested

10.5 pts behind SPY

JANJ over 1 year: paid 5.0%, price 0.0%, total +5.2%, SPY +15.7%, −10.5 pts.

SPY

+15.7%

JANJ

+5.2%

10.5 pts behind SPY

5.0% of it arrived as cash. Total return, distributions reinvested. JANJ over 1 year: paid 5.0%, price 0.0%, total +5.2%, SPY +15.7%, −10.5 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
WindowJANJMRAJANJMRAJANJMRA
3 months+1.5%+7.2%1.3%7.5%−1.1 pts+22.4 pts
6 months+4.3%not published2.5%not published−12.7 ptsnot published
1 year+5.2%not published5.0%not published−10.5 ptsnot published
Since launch
JANJ Jan 2024 · MRA May 2026
+16.2%+4.6%14.5%13.7%−50.5 pts+25.5 pts

JANJ 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

JANJ
Innovator Premium Income 30 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 5.0% 45.3%
Expense ratio 0.79% 1.07%
Cash paid, 1 year 5.0% 13.7% (since launch on May 27, 2026)
Price change, 1 year 0.0% −10.4%
Total return, 1 year +5.2% +4.6% (since launch on May 27, 2026)
Benchmark return, 1 year +15.7% −20.9%
Ahead or behind −10.5 pts +25.5 pts
Return of capital, latest estimate not published not published
Age 1002 days 126 days
Net assets $14m $1m

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

JANJ in plain words

Over the year to Sep 30, 2026, JANJ paid 5.0% of its starting value in cash distributions while its price rose 0.0%. With every distribution reinvested, the fund returned +5.2%. S&P 500 (SPY) returned +15.7% over the same days, so a holder was behind by 10.5 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 5.0%, 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, JANJ or MRA?
JANJ charges 0.79% a year and MRA charges 1.07%, so JANJ is cheaper. Fees come from each fund's prospectus.
Cite this page

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