Which is cheaper, JANQ or MRA?

JANQ charges 0.79% a year and MRA charges 1.07%, so JANQ is cheaper. Fees come from each fund's prospectus.

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

JANQ and MRA both write options for income. Innovator Premium Income 40 Barrier ETF - January and GraniteShares Autocallable MARA ETF.

0.0%

JANQ cash paid, since launch

13.7%

MRA cash paid, since launch

0.0%

JANQ total return, since launch

+4.6%

MRA total return, since launch

JANQ · since launch to Sep 30, 20260.9 pts behind SPY

JANQ

0.0%

SPY

+0.9%

0.9 pts behind SPY

JANQ since launch: paid 0.0%, price 0.0%, total 0.0%, SPY +0.9%, −0.9 pts.

SPY

+0.9%

JANQ

0.0%

0.9 pts behind SPY

Total return, distributions reinvested

0.9 pts behind SPY

JANQ since launch: paid 0.0%, price 0.0%, total 0.0%, SPY +0.9%, −0.9 pts.

SPY

+0.9%

JANQ

0.0%

0.9 pts behind SPY

0.0% of it arrived as cash. Total return, distributions reinvested. JANQ since launch: paid 0.0%, price 0.0%, total 0.0%, SPY +0.9%, −0.9 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	JANQ	MRA	JANQ	MRA	JANQ	MRA
3 months	not published	+7.2%	not published	7.5%	not published	+22.4 pts
Since launch JANQ Sep 2026 · MRA May 2026	0.0%	+4.6%	0.0%	13.7%	−0.9 pts	+25.5 pts

JANQ 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

JANQ

Innovator Premium Income 40 Barrier ETF - January · Defined income on SPY

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 not established monthly

Payout rate, annualized not published 45.3%

Expense ratio 0.79% 1.07%

Cash paid, 1 year 0.0% (since launch on Sep 10, 2026) 13.7% (since launch on May 27, 2026)

Price change, 1 year 0.0% −10.4%

Total return, 1 year 0.0% (since launch on Sep 10, 2026) +4.6% (since launch on May 27, 2026)

Benchmark return, 1 year +0.9% −20.9%

Ahead or behind −0.9 pts +25.5 pts

Return of capital, latest estimate not published not published

Age 20 days 126 days

Net assets not published $1m

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

JANQ in plain words

Over the period since launch on Sep 10, 2026 to Sep 30, 2026, JANQ paid 0.0% of its starting value in cash distributions while its price rose 0.0%. With every distribution reinvested, the fund returned 0.0%. S&P 500 (SPY) returned +0.9% over the same days, so a holder was behind by 0.9 pts.

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, JANQ or MRA?: JANQ charges 0.79% a year and MRA charges 1.07%, so JANQ is cheaper. Fees come from each fund's prospectus.

Other comparisons

JANQ vs SPYI JANQ vs TCAL JANQ vs TDAQ JANQ vs TPAY MRA vs ACQQ MRA vs ACRT MRA vs ACSP MRA vs ACYN

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

Where these figures came from

JANQ filings on SEC EDGAR ↗JANQ prospectus with the expense ratio (SEC) ↗Innovator website ↗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, JANQ against MRA, data as of Sep 30, 2026. https://etfiq.com/compare/income/janq-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.