MSR vs TLA: which paid, and which earned it?
MSR and TLA both write options for income. GraniteShares Autocallable MSTR ETF and GraniteShares Autocallable TSLA ETF.
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. Total return, distributions reinvested. MSR since launch: paid 5.2%, price −38.4%, total −33.6%, MSTR −17.0%, −16.6 pts.
26.3 pts ahead of TSLA
TLA since launch: paid 11.1%, price −1.4%, total +10.4%, TSLA −15.9%, +26.3 pts.
TSLA
−15.9%
TLA
+10.4%
11.1% as cash
26.3 pts ahead of TSLA
Total return, distributions reinvested
26.3 pts ahead of TSLA
TLA since launch: paid 11.1%, price −1.4%, total +10.4%, TSLA −15.9%, +26.3 pts.
TSLA
−15.9%
TLA
+10.4%
26.3 pts ahead of TSLA
11.1% of it arrived as cash. Both charts share one scale, 0 to +10.4%. TLA since launch: paid 11.1%, price −1.4%, total +10.4%, TSLA −15.9%, +26.3 pts.
Performance, window by window
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | MSR | TLA | MSR | TLA | MSR | TLA |
| 3 months | +14.9% | +3.3% | 4.1% | 3.1% | −49.0 pts | +19.9 pts |
| 6 months | not published | +11.2% | not published | 8.2% | not published | +18.1 pts |
| Since launch MSR May 2026 · TLA Feb 2026 | −33.6% | +10.4% | 5.2% | 11.1% | −16.6 pts | +26.3 pts |
MSR and TLA over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
MSR and TLA on the same fields, as of Sep 30, 2026. Source: ETFIQ.
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).
TLA in plain words
Over the period since launch on Feb 3, 2026 to Sep 30, 2026, TLA paid 11.1% of its starting value in cash distributions while its price fell 1.4%. With every distribution reinvested, the fund returned +10.4%. Tesla (TSLA) returned −15.9% over the same days, so a holder was ahead by 26.3 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 18.4%, paid monthly. GraniteShares estimates that 4% 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, MSR against TLA, data as of Sep 30, 2026. https://etfiq.com/compare/income/msr-vs-tla
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, MSR against TLA, data as of Sep 30, 2026. https://etfiq.com/compare/income/msr-vs-tla Free to use with attribution; the underlying files are at Open data.
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- ETFIQ. (Sep 30, 2026). MSR against TLA. Retrieved from https://etfiq.com/compare/income/msr-vs-tla
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- [MSR against TLA (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/income/msr-vs-tla)