MRA vs PAYH: Dividend Yield & Total Return

MRA and PAYH both write options for income. Net assets: $2m on Oct 20, 2026 for GraniteShares Autocallable MARA ETF, and $26m on Jul 31, 2026 for TrueShares S&P Autocallable High Income ETF.

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Answers cite the figures on this page.

PAYH costs 0.33 points a year less.

Points (pts) are percentage points.

MRA vs PAYH: Dividend Yield & Total Return
MRAPAYH
Expense ratio1.07%0.74%
Net assets, MRA as of Oct 20, 2026 and PAYH as of Jul 31, 2026$2m$26m
BenchmarkMARA (MARA)not published
Holdings in commonnot published
Price changefell 37.9% (since May 27, 2026)fell 0.8% (since Dec 30, 2025)
17.0%
MRA cash paid, since launch, May 27, 2026
12.1%
PAYH cash paid, since launch, Dec 30, 2025
−24.7%
MRA total return, since launch, May 27, 2026
+12.4%
PAYH total return, since launch, Dec 30, 2025

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MRA · since launch to Oct 20, 202623.1 pts ahead of MARA
MRA
−24.7%
MARA
−47.8%

23.1 pts ahead of MARA

MRA since launch: paid 17.0%, price −37.9%, total −24.7%, MARA −47.8%, +23.1 pts. Figures to Oct 20, 2026.

MARA

−47.8%

MRA

−24.7%

23.1 pts ahead of MARA

Total return, distributions reinvested

23.1 pts ahead of MARA

MRA since launch: paid 17.0%, price −37.9%, total −24.7%, MARA −47.8%, +23.1 pts. Figures to Oct 20, 2026.

MARA

−47.8%

MRA

−24.7%

23.1 pts ahead of MARA

17.0% of it arrived as cash. Total return, distributions reinvested. MRA since launch: paid 17.0%, price −37.9%, total −24.7%, MARA −47.8%, +23.1 pts. Figures to Oct 20, 2026.

Figures to Oct 20, 2026.

PAYH · since launch to Oct 20, 2026Not measured
PAYH
+12.4%
none

Not measured

PAYH since launch: paid 12.1%, price −0.8%, total +12.4%, not measured against a benchmark. Figures to Oct 20, 2026.

PAYH

+12.4%

12.1% as cash

Total return, distributions reinvested

Not measured

PAYH since launch: paid 12.1%, price −0.8%, total +12.4%, not measured against a benchmark. Figures to Oct 20, 2026.

PAYH

+12.4%

12.1% of it arrived as cash. Both charts share one scale, with zero at the line. PAYH since launch: paid 12.1%, price −0.8%, total +12.4%, not measured against a benchmark. Figures to Oct 20, 2026.

Figures to Oct 20, 2026.

Performance, window by window

Performance, window by window: MRA vs PAYH: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowMRAPAYHMRAPAYHMRAPAYH
3 months−21.8%+4.4%11.3%4.2%+17.1 ptsnot measured
6 months–+7.5%–8.4%–not measured
Since launch
Not the same days: MRA May 2026 · PAYH Dec 2025
−24.7%+12.4%17.0%12.1%+23.1 ptsnot measured

Source: ETFIQ. – means no data for this window, usually because the fund is younger than it. Open this comparison in the app →

On the same fields

MRA
GraniteShares Autocallable MARA ETF · Autocallable on MARA, paying monthly
PAYH
TrueShares S&P Autocallable High Income ETF · Autocallable, paying monthly
Strategy autocallable autocallable
Benchmark MARA (MARA) none
Pays monthly monthly
Payout rate, annualized 64.8% 16.9%
Expense ratio 1.07% 0.74%
Cash paid, 1 year 17.0% (since launch, May 27, 2026) 12.1% (since launch, Dec 30, 2025)
Price change, 1 year −37.9% (since launch, May 27, 2026) −0.8% (since launch, Dec 30, 2025)
Total return, 1 year −24.7% (since launch, May 27, 2026) +12.4% (since launch, Dec 30, 2025)
Benchmark return, 1 year −47.8% (since launch, May 27, 2026) not published
Ahead or behind +23.1 pts (since launch, May 27, 2026) not available
Return of capital, latest estimate not published not published
Age 146 days 294 days
Net assets, MRA as of Oct 20, 2026 and PAYH as of Jul 31, 2026 $2m $26m

As of Oct 20, 2026. Source: ETFIQ. Cash paid is what the fund distributed over the window, as a share of its price at the start. Payout rate is its latest payment, annualized, over today’s price.

About MRA

Over the period from its first trade on May 27, 2026 to Oct 20, 2026, MRA paid 17.0% of its starting value in cash distributions while its price fell 37.9%. With every distribution reinvested, the fund returned −24.7%. MARA (MARA) returned −47.8% over the same days, so a holder was ahead by 23.1 pts. At its price on Oct 20, 2026 the latest distribution annualizes to 64.8%, paid monthly.

About PAYH

Over the period from its first trade on Dec 30, 2025 to Oct 20, 2026, PAYH paid 12.1% of its starting value in cash distributions while its price fell 0.8%. With every distribution reinvested, the fund returned +12.4%. At its price on Oct 20, 2026 the latest distribution annualizes to 16.9%, paid monthly.

Questions people ask

Which is cheaper, MRA or PAYH?
MRA charges 1.07% a year and PAYH charges 0.74%, so PAYH is cheaper. Fees come from each fund's prospectus.
Cite this pageCitation, APA and Markdown

ETFIQ, MRA against PAYH, data as of Oct 20, 2026. https://etfiq.com/compare/income/mra-vs-payh

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.