Which paid more, MSR or VAIE?

From May 12, 2026 to Oct 20, 2026, MSR paid 7.5% of its starting price in cash and VAIE paid 6.8%, so MSR paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, MSR or VAIE?

With every distribution reinvested, MSR returned −33.6% and VAIE +3.3% from May 12, 2026 to Oct 20, 2026.

Which is cheaper, MSR or VAIE?

MSR charges 1.07% a year and VAIE charges 0.74%, so VAIE is cheaper. Fees come from each fund's prospectus.

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MSR vs VAIE: Dividend Yield & Total Return

Over the window both share MSR paid 7.5% of its price in cash against VAIE’s 6.8%, though VAIE returned more with it reinvested. Net assets: $573,400 on Oct 20, 2026 for GraniteShares Autocallable MSTR ETF, and $67m on Oct 19, 2026 for VegaShares US Equity Autocallable Income ETF.

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Answers cite the figures on this page.

VAIE costs 0.33 points a year less; VAIE is far larger, $67m against $573,248.

Points (pts) are percentage points.

MSR vs VAIE: Dividend Yield & Total Return
	MSR	VAIE
Expense ratio	1.07%	0.74%
Net assets, as of Oct 19, 2026	$573,248	$67m
Benchmark	MicroStrategy (MSTR)	not published
Holdings in common	not published
Against its benchmark, same days	behind by 11.0 pts
Price change, since May 12, 2026	fell 40.6%	fell 3.6%
Return of capital, issuer estimate	0% of the Jun 5, 2026 payment

7.5%

MSR cash paid, since launch, May 12, 2026

6.8%

VAIE cash paid, since launch, May 12, 2026

−33.6%

MSR total return, since launch, May 12, 2026

+3.3%

VAIE total return, since launch, May 12, 2026

MSR · since launch to Oct 20, 202611 pts behind MSTR

MSR

−33.6%

MSTR

−22.6%

11 pts behind MSTR

MSR since launch: paid 7.5%, price −40.6%, total −33.6%, MSTR −22.6%, −11.0 pts. Figures to Oct 20, 2026.

MSTR

−22.6%

MSR

−33.6%

11 pts behind MSTR

Total return, distributions reinvested

11 pts behind MSTR

MSR since launch: paid 7.5%, price −40.6%, total −33.6%, MSTR −22.6%, −11.0 pts. Figures to Oct 20, 2026.

MSTR

−22.6%

MSR

−33.6%

11 pts behind MSTR

7.5% of it arrived as cash. Total return, distributions reinvested. MSR since launch: paid 7.5%, price −40.6%, total −33.6%, MSTR −22.6%, −11.0 pts. Figures to Oct 20, 2026.

Figures to Oct 20, 2026.

VAIE · since launch to Oct 20, 2026Not measured

VAIE

+3.3%

none

Not measured

VAIE since launch: paid 6.8%, price −3.6%, total +3.3%, not measured against a benchmark. Figures to Oct 20, 2026.

VAIE

+3.3%

Total return, distributions reinvested

Not measured

VAIE since launch: paid 6.8%, price −3.6%, total +3.3%, not measured against a benchmark. Figures to Oct 20, 2026.

VAIE

+3.3%

6.8% of it arrived as cash. Both charts share one scale, with zero at the line. VAIE since launch: paid 6.8%, price −3.6%, total +3.3%, not measured against a benchmark. Figures to Oct 20, 2026.

Figures to Oct 20, 2026.

Performance, window by window

Performance, window by window: MSR vs VAIE: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	MSR	VAIE	MSR	VAIE	MSR	VAIE
3 months	+5.2%	+2.5%	7.4%	4.1%	−34.8 pts	not measured
Since launch MSR May 2026 · VAIE May 2026	−33.6%	+3.3%	7.5%	6.8%	−11.0 pts	not measured

Source: ETFIQ. Open this comparison in the app →

On the same fields

MSR

GraniteShares Autocallable MSTR ETF · Autocallable on MSTR, paying quarterly

VAIE

VegaShares US Equity Autocallable Income ETF · Autocallable, paying weekly

Issuer GraniteShares VegaShares

Strategy autocallable autocallable

Benchmark MicroStrategy (MSTR) none

Pays quarterly weekly

Payout rate, annualized 15.2% 16.8%

Expense ratio 1.07% 0.74%

Cash paid, 1 year 7.5% (since launch, May 12, 2026) 6.8% (since launch, May 12, 2026)

Price change, 1 year −40.6% (since launch, May 12, 2026) −3.6% (since launch, May 12, 2026)

Total return, 1 year −33.6% (since launch, May 12, 2026) +3.3% (since launch, May 12, 2026)

Benchmark return, 1 year −22.6% (since launch, May 12, 2026) not published

Ahead or behind −11.0 pts (since launch, May 12, 2026) not available

Return of capital, latest estimate 0% not published

Age 161 days 161 days

Net assets, MSR as of Oct 20, 2026 and VAIE as of Oct 19, 2026 $573,400 $67m

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 MSR

Over the period from its first trade on May 12, 2026 to Oct 20, 2026, MSR paid 7.5% of its starting value in cash distributions while its price fell 40.6%. With every distribution reinvested, the fund returned −33.6%. MicroStrategy (MSTR) returned −22.6% over the same days, so a holder was behind by 11.0 pts. At its price on Oct 20, 2026 the latest distribution annualizes to 15.2%, paid quarterly. GraniteShares estimates that 0% of the distribution paid Jun 5, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

About VAIE

Over the period from its first trade on May 12, 2026 to Oct 20, 2026, VAIE paid 6.8% of its starting value in cash distributions while its price fell 3.6%. With every distribution reinvested, the fund returned +3.3%. At its price on Oct 20, 2026 the latest distribution annualizes to 16.8%, paid weekly.

Questions people ask

Which paid more, MSR or VAIE?: From May 12, 2026 to Oct 20, 2026, MSR paid 7.5% of its starting price in cash and VAIE paid 6.8%, so MSR paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, MSR or VAIE?: With every distribution reinvested, MSR returned −33.6% and VAIE +3.3% from May 12, 2026 to Oct 20, 2026.
Which is cheaper, MSR or VAIE?: MSR charges 1.07% a year and VAIE charges 0.74%, so VAIE is cheaper. Fees come from each fund's prospectus.

Other comparisons

MSR vs WNTR MSR vs ATCL MSR vs ACQQ MSR vs ACYQ VAIE vs SIOO VAIE vs YQQQ VAIE vs OARK VAIE vs YLDE

All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →MSR on its own →VAIE on its own →MSR dividend history →VAIE dividend history →How every figure is computed →Standards and sources →

Where these figures came from

MSR filings on SEC EDGAR ↗MSR prospectus with the expense ratio (SEC) ↗MSR 19a-1 distribution notice ↗GraniteShares page for MSR ↗VAIE filings on SEC EDGAR ↗VAIE prospectus with the expense ratio (SEC) ↗VegaShares page for VAIE ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Every figure is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, MSR against VAIE, data as of Oct 20, 2026. https://etfiq.com/compare/income/msr-vs-vaie

Open data

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