MRA vs MSR: which paid, and which earned it?
MRA and MSR both write options for income. GraniteShares Autocallable MARA ETF and GraniteShares Autocallable MSTR ETF.
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. Total return, distributions reinvested. MRA since launch: paid 13.7%, price −10.4%, total +4.6%, MARA −20.9%, +25.5 pts.
16.6 pts behind MSTR
MSR since launch: paid 5.2%, price −38.4%, total −33.6%, MSTR −17.0%, −16.6 pts.
MSTR
−17.0%
MSR
−33.6%
16.6 pts behind MSTR
Total return, distributions reinvested
16.6 pts behind MSTR
MSR since launch: paid 5.2%, price −38.4%, total −33.6%, MSTR −17.0%, −16.6 pts.
MSTR
−17.0%
MSR
−33.6%
16.6 pts behind MSTR
5.2% of it arrived as cash. Both charts share one scale, 0 to +4.6%. MSR since launch: paid 5.2%, price −38.4%, total −33.6%, MSTR −17.0%, −16.6 pts.
Performance, window by window
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | MRA | MSR | MRA | MSR | MRA | MSR |
| 3 months | +7.2% | +14.9% | 7.5% | 4.1% | +22.4 pts | −49.0 pts |
| Since launch MRA May 2026 · MSR May 2026 | +4.6% | −33.6% | 13.7% | 5.2% | +25.5 pts | −16.6 pts |
MRA and MSR over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
MRA and MSR on the same fields, as of Sep 30, 2026. Source: ETFIQ.
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.
MSR in plain words
Over the period since launch on May 12, 2026 to Sep 30, 2026, MSR paid 5.2% of its starting value in cash distributions while its price fell 38.4%. With every distribution reinvested, the fund returned −33.6%. MicroStrategy (MSTR) returned −17.0% over the same days, so a holder was behind by 16.6 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 44.3%, paid periodically. GraniteShares estimates that 0% of the distribution paid Jun 5, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
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ETFIQ, MRA against MSR, data as of Sep 30, 2026. https://etfiq.com/compare/income/mra-vs-msr
Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, MRA against MSR, data as of Sep 30, 2026. https://etfiq.com/compare/income/mra-vs-msr Free to use with attribution; the underlying files are at Open data.
Other forms
- Plain
- ETFIQ, MRA against MSR, data as of Sep 30, 2026. https://etfiq.com/compare/income/mra-vs-msr
- APA
- ETFIQ. (Sep 30, 2026). MRA against MSR. Retrieved from https://etfiq.com/compare/income/mra-vs-msr
- Markdown
- [MRA against MSR (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/income/mra-vs-msr)