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

MRA and PLA both write options for income. GraniteShares Autocallable MARA ETF and GraniteShares Autocallable PLTR ETF.

13.7%
MRA cash paid, since launch
6.9%
PLA cash paid, since launch
+4.6%
MRA total return, since launch
+11.1%
PLA total return, since launch
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. Total return, distributions reinvested. MRA since launch: paid 13.7%, price −10.4%, total +4.6%, MARA −20.9%, +25.5 pts.

PLA · since launch to Sep 30, 202627.2 pts behind PLTR
PLA
+11.1%
PLTR
+38.3%

27.2 pts behind PLTR

PLA since launch: paid 6.9%, price +3.7%, total +11.1%, PLTR +38.3%, −27.2 pts.

PLTR

+38.3%

PLA

+11.1%

27.2 pts behind PLTR

Total return, distributions reinvested

27.2 pts behind PLTR

PLA since launch: paid 6.9%, price +3.7%, total +11.1%, PLTR +38.3%, −27.2 pts.

PLTR

+38.3%

PLA

+11.1%

27.2 pts behind PLTR

6.9% of it arrived as cash. Both charts share one scale, 0 to +38.3%. PLA since launch: paid 6.9%, price +3.7%, total +11.1%, PLTR +38.3%, −27.2 pts.

Performance, window by window

Total returnCash paidAgainst the benchmark
WindowMRAPLAMRAPLAMRAPLA
3 months+7.2%+11.5%7.5%3.5%+22.4 pts−37.2 pts
Since launch
MRA May 2026 · PLA May 2026
+4.6%+11.1%13.7%6.9%+25.5 pts−27.2 pts

MRA and PLA 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
GraniteShares Autocallable MARA ETF · Autocallable on MARA, paying monthly
PLA
GraniteShares Autocallable PLTR ETF · Autocallable on PLTR, paying monthly
Issuer GraniteShares GraniteShares
Strategy autocallable autocallable
Benchmark MARA (MARA) Palantir (PLTR)
Pays monthly monthly
Payout rate, annualized 45.3% 19.3%
Expense ratio 1.07% 1.07%
Cash paid, 1 year 13.7% (since launch on May 27, 2026) 6.9% (since launch on May 19, 2026)
Price change, 1 year −10.4% +3.7%
Total return, 1 year +4.6% (since launch on May 27, 2026) +11.1% (since launch on May 19, 2026)
Benchmark return, 1 year −20.9% +38.3%
Ahead or behind +25.5 pts −27.2 pts
Return of capital, latest estimate not published 0%
Age 126 days 134 days
Net assets $1m $4m

MRA and PLA 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.

PLA in plain words

Over the period since launch on May 19, 2026 to Sep 30, 2026, PLA paid 6.9% of its starting value in cash distributions while its price rose 3.7%. With every distribution reinvested, the fund returned +11.1%. Palantir (PLTR) returned +38.3% over the same days, so a holder was behind by 27.2 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 19.3%, paid monthly. GraniteShares estimates that 0% of the distribution paid Sep 11, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).

Questions people ask

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

ETFIQ, MRA against PLA, data as of Sep 30, 2026. https://etfiq.com/compare/income/mra-vs-pla

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.