MRA vs. IVVW
MRA (GraniteShares Autocallable MARA ETF) and IVVW (iShares S&P 500 BuyWrite ETF) are both Derivative Income funds. MRA is actively managed, while IVVW is passively managed. A 0.71 correlation means they provide meaningful diversification when combined. MRA charges 1.07%/yr vs 0.25%/yr for IVVW.
Performance
MRA vs. IVVW - Performance Comparison
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Returns By Period
MRA
- 1D
- 1.54%
- 1M
- -3.34%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
IVVW
- 1D
- -0.96%
- 1M
- 1.67%
- 6M
- 5.13%
- YTD
- 5.75%
- 1Y
- 16.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.02M | $2.67M | $2.65M | |
| $2.07K | $2.83K | $3.71K |
MRA vs. IVVW - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MRA GraniteShares Autocallable MARA ETF | -2.10% |
IVVW iShares S&P 500 BuyWrite ETF | 1.50% |
Correlation
The correlation between MRA and IVVW is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 27, 2026 | 0.71 |
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Return for Risk
MRA vs. IVVW — Risk / Return Rank
MRA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IVVW
MRA vs. IVVW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Autocallable MARA ETF (MRA) and iShares S&P 500 BuyWrite ETF (IVVW). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MRA | IVVW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.41 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.82 | — |
| Martin ratioReturn relative to average drawdown | — | 14.83 | — |
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Drawdowns
MRA vs. IVVW - Drawdown Comparison
The maximum MRA drawdown since its inception was -14.11%, smaller than the maximum IVVW drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for MRA and IVVW.
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Drawdown Indicators
| MRA | IVVW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.11% | -16.79% | +2.68% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.81% | — |
Current DrawdownCurrent decline from peak | -4.06% | -1.36% | -2.70% |
Average DrawdownAverage peak-to-trough decline | -4.13% | -1.69% | -2.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.10% | — |
Volatility
MRA vs. IVVW - Volatility Comparison
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Volatility by Period
| MRA | IVVW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.28% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.01% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 41.26% | 8.31% | +32.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.26% | 12.55% | +28.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.26% | 12.55% | +28.71% |
MRA vs. IVVW - Expense Ratio Comparison
MRA has a 1.07% expense ratio, which is higher than IVVW's 0.25% expense ratio.
Dividends
MRA vs. IVVW - Dividend Comparison
MRA's dividend yield for the trailing twelve months is around 7.51%, less than IVVW's 19.25% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IVVW iShares S&P 500 BuyWrite ETF | 19.25% | 18.55% | 13.72% |
MRA GraniteShares Autocallable MARA ETF | 7.51% | 0.00% | 0.00% |
Frequently Asked Questions
MRA and IVVW have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IVVW is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IVVW is cheaper with a 0.25% expense ratio, compared with 1.07% for MRA.
IVVW has the higher dividend yield at 19.25%, compared with 7.51% for MRA.
They also come from different issuers: GraniteShares and iShares. Their fees differ too: 1.07% for MRA and 0.25% for IVVW.
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