MRA vs. PEPS
MRA (GraniteShares Autocallable MARA ETF) and PEPS (Parametric Equity Plus ETF) are both Derivative Income funds. Both are actively managed. A 0.60 correlation means they provide meaningful diversification when combined. MRA charges 1.07%/yr vs 0.10%/yr for PEPS.
Performance
MRA vs. PEPS - Performance Comparison
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Returns By Period
MRA
- 1D
- -1.67%
- 1M
- -2.40%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PEPS
- 1D
- 0.04%
- 1M
- -0.92%
- 6M
- 9.40%
- YTD
- 9.66%
- 1Y
- 24.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MRA vs. PEPS - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MRA GraniteShares Autocallable MARA ETF | -4.43% |
PEPS Parametric Equity Plus ETF | 0.28% |
Correlation
The correlation between MRA and PEPS is 0.60, 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 | 0.60 |
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Return for Risk
MRA vs. PEPS — Risk / Return Rank
MRA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PEPS
MRA vs. PEPS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Autocallable MARA ETF (MRA) and Parametric Equity Plus ETF (PEPS). 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 | PEPS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.33 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.57 | — |
| Martin ratioReturn relative to average drawdown | — | 11.37 | — |
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Drawdowns
MRA vs. PEPS - Drawdown Comparison
The maximum MRA drawdown since its inception was -8.56%, smaller than the maximum PEPS drawdown of -21.26%. Use the drawdown chart below to compare losses from any high point for MRA and PEPS.
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Drawdown Indicators
| MRA | PEPS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.56% | -21.26% | +12.70% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.80% | — |
Current DrawdownCurrent decline from peak | -6.35% | -1.42% | -4.93% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -2.75% | +0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.21% | — |
Volatility
MRA vs. PEPS - Volatility Comparison
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Volatility by Period
| MRA | PEPS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.44% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.86% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 37.59% | 13.79% | +23.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.59% | 18.31% | +19.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.59% | 18.31% | +19.28% |
MRA vs. PEPS - Expense Ratio Comparison
MRA has a 1.07% expense ratio, which is higher than PEPS's 0.10% expense ratio.
Dividends
MRA vs. PEPS - Dividend Comparison
MRA's dividend yield for the trailing twelve months is around 7.69%, more than PEPS's 0.93% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MRA GraniteShares Autocallable MARA ETF | 7.69% | 0.00% | 0.00% |
PEPS Parametric Equity Plus ETF | 0.93% | 1.00% | 0.17% |
Frequently Asked Questions
MRA and PEPS have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PEPS is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PEPS is cheaper with a 0.10% expense ratio, compared with 1.07% for MRA.
MRA has the higher dividend yield at 7.69%, compared with 0.93% for PEPS.
They also come from different issuers: GraniteShares and Parametric. Their fees differ too: 1.07% for MRA and 0.10% for PEPS.
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