MRA vs. OMAH

Last updated Jul 4, 2026

MRA (GraniteShares Autocallable MARA ETF) and OMAH (VistaShares Target 15™ Berkshire Select Income ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.15, they often move in opposite directions. MRA charges 1.07%/yr vs 0.95%/yr for OMAH.

Performance

MRA vs. OMAH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares Autocallable MARA ETF (MRA) and VistaShares Target 15™ Berkshire Select Income ETF (OMAH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MRA

• 1D: -1.67%
• 1M: -2.40%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OMAH

• 1D: 1.29%
• 1M: 3.84%
• 6M: 8.35%
• YTD: 8.58%
• 1Y: 12.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MRA vs. OMAH - Yearly Performance Comparison

	2026 (YTD)
MRA GraniteShares Autocallable MARA ETF	-4.43%
OMAH VistaShares Target 15™ Berkshire Select Income ETF	1.58%

Correlation

The correlation between MRA and OMAH is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	-0.15

Return for Risk

MRA vs. OMAH — Risk / Return Rank

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

MRA

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

OMAH

OMAH Risk / Return Rank: 64
OMAH Sharpe Ratio Rank: 56
OMAH Sortino Ratio Rank: 55
OMAH Omega Ratio Rank: 52
OMAH Calmar Ratio Rank: 88
OMAH Martin Ratio Rank: 67

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.

MRA vs. OMAH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares Autocallable MARA ETF (MRA) and VistaShares Target 15™ Berkshire Select Income ETF (OMAH). 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	OMAH	Difference
Sharpe ratio: Return per unit of total volatility	—	1.57	—
Sortino ratio: Return per unit of downside risk	—	2.22	—
Omega ratio: Gain probability vs. loss probability	—	1.28	—
Calmar ratio: Return relative to maximum drawdown	—	4.26	—
Martin ratio: Return relative to average drawdown	—	10.01	—

Drawdowns

MRA vs. OMAH - Drawdown Comparison

The maximum MRA drawdown since its inception was -8.56%, smaller than the maximum OMAH drawdown of -11.83%. Use the drawdown chart below to compare losses from any high point for MRA and OMAH.

Drawdown Indicators

	MRA	OMAH	Difference
Max Drawdown Largest peak-to-trough decline	-8.56%	-11.83%	+3.27%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.00%	—
Current Drawdown Current decline from peak	-6.35%	0.00%	-6.35%
Average Drawdown Average peak-to-trough decline	-2.47%	-1.27%	-1.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.28%	—

Volatility

Volatility by Period

	MRA	OMAH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.70%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.85%	—
Volatility (1Y) Calculated over the trailing 1-year period	37.59%	8.16%	+29.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.59%	12.99%	+24.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.59%	12.99%	+24.60%

MRA vs. OMAH - Expense Ratio Comparison

MRA has a 1.07% expense ratio, which is higher than OMAH's 0.95% expense ratio.

Dividends

MRA vs. OMAH - Dividend Comparison

MRA's dividend yield for the trailing twelve months is around 7.69%, less than OMAH's 15.02% yield.

Position	TTM	2025
MRA GraniteShares Autocallable MARA ETF	7.69%	0.00%
OMAH VistaShares Target 15™ Berkshire Select Income ETF	15.02%	12.86%

Frequently Asked Questions

Can I hold both MRA and OMAH in my portfolio?

MRA and OMAH have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MRA or OMAH?

On fees, OMAH is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MRA or OMAH?

OMAH is cheaper with a 0.95% expense ratio, compared with 1.07% for MRA.

Which ETF pays a higher dividend yield, MRA or OMAH?

OMAH has the higher dividend yield at 15.02%, compared with 7.69% for MRA.

What is the main difference between MRA and OMAH?

They also come from different issuers: GraniteShares and VistaShares. Their fees differ too: 1.07% for MRA and 0.95% for OMAH.