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MRA GraniteShares Autocallable MARA ETF

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$15.12
+4.7% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

Since launch in May 2026, MRA paid 17.0% in cash and lost 26.9% in total, against −48.7% for MARA.

Why did MRA return −24.7% against MARA’s −43.0%?What can MRA’s first months tell me?What does MRA cost to hold and to trade?
Autocallable on MARA, paying monthlyGraniteShares ↗Expense ratio 1.07%Fund assets $2.0m on Oct 27, 2026First traded May 27, 2026Benchmark MARA (MARA)Fund page at the issuer ↗SEC filings ↗Every GraniteShares fund ETFIQ coversDividend history

Promise check: Not measuredIt paid no cash over a year, or since a launch at least six months back.

Compare with…Trading costsPut to the committeeaskIQ about MRAAdd to portfolioFlowsAlerts

MRA risk and return scorecard

vs MARA · Jun 2026 to Oct 2026 · 20 weekly returns · dividend-adjusted

Short history · 5 months
MRA −24.7%, MARA −43.0%, Jun 2026 to Oct 2026, distributions reinvested.

20 weekly returns: annualized numbers and ratios need 52.

Return
MeasureMRAMARAEdge
Total return−24.7%−43.0%MRA
Price return−35.7%−43.0%MRA
Risk
MeasureMRAMARAEdge
Max drawdown−37.5%−51.7%MRA
Alpha vs MARA
MeasureMRAMARAEdge
Beta to MARA0.661.00Lower beta

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Money in and out

Net fund flows · Jun 30, 2026
Since May 2026
+$748k
askIQ: what do these flows mean? ↗

What you earned

MRA −32.4%, MARA −39.3%: total return over one month to Oct 28, 2026.
MRA−32.4%
MARA−39.3%
Paid 3.6% in cash. Price −34.9%.
MRA −13.9%, MARA −26.9%: total return over three months to Oct 28, 2026.
MRA−13.9%
MARA−26.9%
Paid 12.9% in cash. Price −23.7%.
MRA −26.9%, MARA −48.7%: total return since launch to Oct 28, 2026.
MRA−26.9%
MARA−48.7%
Paid 17.0% in cash. Price −39.8%.
askIQ: why did MRA return −26.9% against MARA’s −48.7%? ↗

What can be shown yet

First traded May 27, 2026
17.0%
Cash paid, since launch, on its starting price
Report
−26.9%
Total return, since launch
Report
+21.8 pts
Against MARA
Report
66.7%
Latest payout, annualized on today’s price
Report
$0.8405
Last payment (paid monthly), ex-date Oct 7, 2026
Report
MRA has traded for 154 days. Numbers that need a year of prices are not shown yet.
Shown now
Net assets$2.0m
Expense ratio1.07%
Cash paid, since launch, May 27, 2026, over today’s price28.2%
First tradedMay 27, 2026
Not yet
One-year returnfrom May 27, 2027
Three-year returnfrom May 27, 2029
askIQ: what can MRA’s first months tell me? ↗

More on MRA

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Price and total return since launch, May 27, 2026

$15.12+4.7%1 day, priceClose, Oct 28, 2026

Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Oct 28, 2026. Updated every trading night. Report a data error

MRA returns by window: total return, cash paid and price change
WindowTotal returnCash paidPriceMARAAhead or behind
1M Sep 28 – Oct 28, 2026−32.4%3.6%−34.9%−39.3%+6.9 pts
3M Jul 29 – Oct 28, 2026−13.9%12.9%−23.7%−26.9%+13.0 pts
Since launch May 27 – Oct 28, 2026−26.9%17.0%−39.8%−48.7%+21.8 pts

Total returns, distributions reinvested. Listed May 2026: no 6 months, year to date, 1 year and 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

Where the return came from
Price change −34.9%Cash paid +3.6%, reinvested+6.9 pts vs MARA

10.5%

Price change −23.7%Cash paid +12.9%, reinvested+13.0 pts vs MARA

8.7%

Price change −39.8%Cash paid +17.0%, reinvested+21.8 pts vs MARA

14.4%

Money in and out

Monthly data · as of Jun 30, 2026

MRA: in the month to Jun 30, 2026, net $3k went out, by its SEC filing.

Since May 2026
+$748k
May 1, 2026 to Jun 30, 2026
monthly, from SEC filings

Computed by ETFIQ from the monthly sales and redemptions MRA files with the SEC on Form N-PORT.

How this is computed

ETFIQ reads no daily data for this fund, so its flows are monthly, and the latest month filed is Jun 2026. Every day and month ETFIQ holds for MRA, back to May 2026, is in its flows file. Flows across every fund · How these flows are computed · Compare MRA with other funds in the flows tool

Month by month, money in and money outMay 2026 to Jun 2026

MRA, money in and money out each month from May 2026 to Jun 2026: two bars a month, money in above the line and money out below. Every bar is from MRA’s SEC filings (N-PORT item B.6). Of the 2 months listed, money came in on net in 1 and went out in 1.

Every bar is from MRA’s SEC filings (N-PORT item B.6). Of the 2 months listed, money came in on net in 1 and went out in 1.

MonthInOutNet
Jun 2026 SEC Form N-PORT+$238k−$240k−$3k
May 2026 SEC Form N-PORT+$750k$0+$750k

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s SEC N-PORT filings. Data as of Jun 30, 2026. Updated when the fund files its next report.

MRA key stats

High since May 27, 2026, daily closes to Oct 28, 2026 (ETFIQ)$25.39 on Jun 1, 2026
Low since May 27, 2026, daily closes to Oct 28, 2026 (ETFIQ)$13.96 on Oct 26, 2026
Close on Oct 28, 2026, within that range (ETFIQ)$15.12, 10% of the way from the low to the high
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

MRA return of capital and tax

Return of capital, fiscal year to Jun 30, 2026 (annual report, filed Sep 4, 2026)56.8%
Options it writes (holdings as of Jun 30, 2026)Option exposure through swaps or notes, not listed options
Rule 19a-1 notices (checked Oct 28, 2026)not published
The fiscal year number is the annual report’s tax character. Not tax advice. What a 19a-1 estimate is · Income ETFs by return of capital

Trading

as of Oct 27, 2026
Trading · MRAas of Oct 27, 2026
·
Not scored1 of 6 measured · Oct 27, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
Premium or discount to NAV, Oct 27 close−0.63%
−1.7%95% of days within ±1.33%+1.7%
How to tradeSpread not read.
Full trading page: components, premium history, dealers →
Jun 2026Monthly, per shareOct 2026

5 distributions for MRA, $0.8405 to $0.8665 a share and $0.8545 in the middle, Jun 3, 2026 to Oct 7, 2026. 2 further ex-dates are expected with no amount the issuer has declared, so they are not drawn.

Latest
$0.8405
Ex Oct 7, 2026 · paid about 3 days later
Annualized
66.7%
At its price on Oct 28, 2026
Since launch, May 27, 2026
28.2%
5 payments, ex Jun 3, 2026 to Oct 7, 2026: $4.2671
Return of capital
Not published
No Rule 19a-1 notice has been published for this fund
Next, projected

MRA pays monthly. The last distribution was $0.8405 a share, which went ex on Oct 7, 2026, with payment about 3 days later. The next has not been declared. On its own cadence of about 28 days the ex-date falls near Nov 4, 2026; that date is an ETFIQ projection, not the issuer’s.

Nov 4, 2026 · pay Nov 9, 2026$0.8405 ETFIQ projection
Dec 2, 2026 · pay Dec 7, 2026$0.8405 ETFIQ projection

Expected distributions for MRA. A projected row carries the fund’s own spacing forward from its last ex-date, at the last amount paid. Neither is an issuer statement. Source: ETFIQ.

Every income ETF going ex-dividend in the next 14 days →
Every distribution ETFIQ holds for MRA (5, most recent first)
Oct 7, 2026$0.8405
Sep 9, 2026$0.8493
Aug 12, 2026$0.8564
Jul 1, 2026$0.8665
Jun 3, 2026$0.8545

Cash distributions per share for MRA. Source: ETFIQ from Tiingo end-of-day distributions.

Source: ETFIQ, from Tiingo end-of-day distributions.

About MRA

Strategyautocallable
BenchmarkMARA (MARA)
How the benchmark is set (ETFIQ)Its prospectus names MARA as the company its options are written on (prospectus, Form 497, accession 0001493152-26-002150, filed 2026-01-14).
Paysmonthly
Net assets (issuer page, as of Oct 27, 2026)$2.0mReport
Latest payout, annualized (ETFIQ)66.7%
Expense ratio (497 XBRL, Jan 14, 2026)1.07%Report
Cash paid, since launch, May 27, 2026, over today’s price (ETFIQ)28.2%
First tradedMay 27, 2026
Paysmonthly
Typical gap between ex-dates28 days
Typical wait from ex-date to payment3 days
Last paid, per share$0.8405 ex Oct 7, 2026
Cash paid in the 12 months to Oct 28, 2026, 5 distributions, ex Jun 3, 2026 to Oct 7, 2026$4.2671
How we measure
Every number is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate. Method
IQ Investment Committee on MRA

12 seats on MRA, as of Oct 28, 2026: 4 Challenges, 8 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherNot enough data
In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationChallenges
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingChallenges
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatNot enough data
Put MRA to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about MRA

How much has MRA paid since it launched?
Over the period from its first trade on May 27, 2026 to Oct 28, 2026, MRA paid 17.0% of its starting price in cash distributions, while the price fell 39.8%.
Is MRA ahead of MARA?
Over the period from its first trade on May 27, 2026 to Oct 28, 2026, with every distribution reinvested, MRA returned −26.9% against −48.7% for MARA (MARA), so a holder was ahead of it by 21.8 points.
How often does MRA pay, and how much?
MRA pays monthly. The latest distribution annualizes to 66.7% at its price on Oct 28, 2026, which is not a promise; the next one can differ.
When does MRA next pay a distribution?
MRA pays monthly. The last distribution went ex on Oct 7, 2026 at $0.8405 a share. The next is not declared; on a cadence of about 28 days the ex-date falls near Nov 4, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 3 days.
What does MRA cost?
The prospectus expense ratio is 1.07% a year.
How much of MRA’s distribution is return of capital?
MRA’s issuer published no Rule 19a-1 notice for distributions through Oct 28, 2026. A notice is required when a payment includes anything other than income. The annual report for the fiscal year to Jun 30, 2026 puts it at 56.8% of distributions.
Sources and dates
Prices, MRA and MARATiingo end-of-day · Oct 28, 2026
Fee, 1.07%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $2.0mIssuer page · Oct 27, 2026
DistributionsTiingo end-of-day · 5 payments
All fund filingsFund filings on SEC EDGAR ↗
IssuerGraniteShares page for MRA ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, MRA, income ETFs, data as of Oct 28, 2026. https://etfiq.com/funds/mra

The payout bar for MRA, redrawn every trading night.

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Total return
Price change plus every distribution reinvested on the day it went ex-dividend. This is what you actually ended up with, and the only fair basis for comparing with an index.
Cash paid
Distributions over the window as a share of what the fund cost at the start. A measure of cash delivered, not of return: a fund can pay a great deal and still lose money.
Ahead or behind
Total return minus benchmark total return, in percentage points. A fund can pay 12% a year and still be behind by 10 points if its price fell while the index rose.
Return of capital
The issuer’s own estimate, in a Rule 19a-1 notice, of how much of a distribution was your own money returned. An estimate and a tax characterization, not a measure of erosion.
Covered call
The fund owns the stocks and sells call options on them, collecting premium and giving up gains above the strike. Synthetic covered call funds hold options instead of the stocks. 0DTE funds sell options that expire the same day.
Autocallable
A fund that pays a coupon and can be called away early, on dates set when it launched. If it is called, you get your money back with the coupon and the run ends. If it is not, it runs on to the next date.
Barrier
The level the underlying has to stay above for you to be repaid in full. A barrier is not a buffer. A buffer takes the first slice of a fall for you; a barrier takes none of it once it breaks, so below it you take the whole fall rather than only the part past it.
Full definitions: income ETFs vocabulary page. →
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MRA: MRA since launch: paid 17.0%, price −39.8%, total −26.9%, MARA −48.7%, +21.8 pts. Data to Oct 28, 2026.
<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/mra"><img src="https://etfiq.com/assistant/api/embed/income/mra.svg" alt="MRA: MRA since launch: paid 17.0%, price −39.8%, total −26.9%, MARA −48.7%, +21.8 pts. Data to Oct 28, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">MRA: MRA since launch: paid 17.0%, price −39.8%, total −26.9%, MARA −48.7%, +21.8 pts. Data to Oct 28, 2026. Data: <a href="https://etfiq.com/funds/mra">ETFIQ</a></figcaption>
</figure>

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