IMRA vs. IPDP

Last updated Apr 1, 2026

Compare and contrast key facts about Bitwise MARA Option Income Strategy ETF (IMRA) and Dividend Performers ETF (IPDP).

IMRA and IPDP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IMRA is an actively managed fund by Bitwise. It was launched on Apr 1, 2025. IPDP is an actively managed fund by Innovative Portfolios. It was launched on Dec 24, 2018.

Performance

IMRA vs. IPDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise MARA Option Income Strategy ETF (IMRA) and Dividend Performers ETF (IPDP). The values are adjusted to include any dividend payments, if applicable.

IMRA vs. IPDP - Yearly Performance Comparison

	2026 (YTD)
IMRA Bitwise MARA Option Income Strategy ETF	-6.58%
IPDP Dividend Performers ETF	0.00%

Returns By Period

IMRA

• 1D: 4.17%
• 1M: -11.74%
• YTD: -6.91%
• 6M: -50.72%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IPDP

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IMRA vs. IPDP - Expense Ratio Comparison

IMRA has a 0.98% expense ratio, which is lower than IPDP's 1.52% expense ratio.

IPDP

Dividend Performers ETF

IMRA

Bitwise MARA Option Income Strategy ETF

Return for Risk

IMRA vs. IPDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise MARA Option Income Strategy ETF (IMRA) and Dividend Performers ETF (IPDP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IMRA	IPDP	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.60	—	—

Dividends

IMRA vs. IPDP - Dividend Comparison

IMRA's dividend yield for the trailing twelve months is around 219.65%, while IPDP has not paid dividends to shareholders.

	TTM	2025
IMRA Bitwise MARA Option Income Strategy ETF	219.65%	188.74%
IPDP Dividend Performers ETF	0.00%	0.00%

Drawdowns

IMRA vs. IPDP - Drawdown Comparison

The maximum IMRA drawdown since its inception was -61.55%, which is greater than IPDP's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for IMRA and IPDP.

Drawdown Indicators

	IMRA	IPDP	Difference
Max Drawdown Largest peak-to-trough decline	-61.55%	0.00%	-61.55%
Current Drawdown Current decline from peak	-57.63%	0.00%	-57.63%
Average Drawdown Average peak-to-trough decline	-24.95%	0.00%	-24.95%

Volatility

Volatility by Period

	IMRA	IPDP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	64.63%	0.00%	+64.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.63%	0.00%	+64.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.63%	0.00%	+64.63%