IMRA vs. IPDP

Last updated Jun 4, 2026

IMRA (Bitwise MARA Option Income Strategy ETF) and IPDP (Dividend Performers ETF) are both Derivative Income funds. Both are actively managed. IMRA charges 0.98%/yr vs 1.52%/yr for IPDP.

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.

Returns By Period

IMRA

• 1D: -0.83%
• 1M: 9.36%
• YTD: 30.26%
• 6M: 0.68%
• 1Y: -32.66%
• 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 - Yearly Performance Comparison

	2026 (YTD)
IMRA Bitwise MARA Option Income Strategy ETF	30.72%
IPDP Dividend Performers ETF	0.00%

Return for Risk

IMRA vs. IPDP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IMRA

IMRA Risk / Return Rank: 5
IMRA Sharpe Ratio Rank: 4
IMRA Sortino Ratio Rank: 5
IMRA Omega Ratio Rank: 5
IMRA Calmar Ratio Rank: 4
IMRA Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	IMRA	IPDP	Difference
Sharpe ratio: Return per unit of total volatility	-0.55	—	—
Sortino ratio: Return per unit of downside risk	-0.51	—	—
Omega ratio: Gain probability vs. loss probability	0.94	—	—
Calmar ratio: Return relative to maximum drawdown	-0.53	—	—
Martin ratio: Return relative to average drawdown	-0.86	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IMRA	IPDP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.19	—	—

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%
Max Drawdown (1Y) Largest decline over 1 year	-61.55%	—	—
Current Drawdown Current decline from peak	-40.71%	0.00%	-40.71%
Average Drawdown Average peak-to-trough decline	-28.21%	0.00%	-28.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.93%	—	—

Volatility

Volatility by Period

	IMRA	IPDP	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.53%	—	—
Volatility (6M) Calculated over the trailing 6-month period	43.61%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	59.89%	0.00%	+59.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.39%	0.00%	+61.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.39%	0.00%	+61.39%

IMRA vs. IPDP - Expense Ratio Comparison

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

Dividends

IMRA vs. IPDP - Dividend Comparison

IMRA's dividend yield for the trailing twelve months is around 108.66%, while IPDP has not paid dividends to shareholders.

Position	TTM	2025
IMRA Bitwise MARA Option Income Strategy ETF	108.66%	188.74%
IPDP Dividend Performers ETF	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, IMRA or IPDP?

On fees, IMRA is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IMRA or IPDP?

IMRA is cheaper with a 0.98% expense ratio, compared with 1.52% for IPDP.

Which ETF pays a higher dividend yield, IMRA or IPDP?

IMRA has the higher dividend yield at 108.66%, compared with 0.00% for IPDP.

What is the main difference between IMRA and IPDP?

They also come from different issuers: Bitwise and Innovative Portfolios. Their fees differ too: 0.98% for IMRA and 1.52% for IPDP.