MRA vs. QQA
MRA (GraniteShares Autocallable MARA ETF) and QQA (Invesco QQQ Income Advantage ETF) are both Derivative Income funds. Both are actively managed. A 0.59 correlation means they provide meaningful diversification when combined. MRA charges 1.07%/yr vs 0.29%/yr for QQA.
Performance
MRA vs. QQA - Performance Comparison
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Returns By Period
MRA
- 1D
- -1.67%
- 1M
- -2.40%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQA
- 1D
- -1.22%
- 1M
- -2.48%
- 6M
- 11.93%
- YTD
- 11.72%
- 1Y
- 23.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MRA vs. QQA - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MRA GraniteShares Autocallable MARA ETF | -4.43% |
QQA Invesco QQQ Income Advantage ETF | -1.16% |
Correlation
The correlation between MRA and QQA is 0.59, 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 | 0.59 |
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Return for Risk
MRA vs. QQA — Risk / Return Rank
MRA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QQA
MRA vs. QQA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Autocallable MARA ETF (MRA) and Invesco QQQ Income Advantage ETF (QQA). 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 | QQA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.31 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.80 | — |
| Martin ratioReturn relative to average drawdown | — | 11.80 | — |
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Drawdowns
MRA vs. QQA - Drawdown Comparison
The maximum MRA drawdown since its inception was -8.56%, smaller than the maximum QQA drawdown of -19.73%. Use the drawdown chart below to compare losses from any high point for MRA and QQA.
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Drawdown Indicators
| MRA | QQA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.56% | -19.73% | +11.17% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.76% | — |
Current DrawdownCurrent decline from peak | -6.35% | -2.68% | -3.67% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -2.52% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.07% | — |
Volatility
MRA vs. QQA - Volatility Comparison
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Volatility by Period
| MRA | QQA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.32% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.74% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 37.59% | 14.26% | +23.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.59% | 18.62% | +18.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.59% | 18.62% | +18.97% |
MRA vs. QQA - Expense Ratio Comparison
MRA has a 1.07% expense ratio, which is higher than QQA's 0.29% expense ratio.
Dividends
MRA vs. QQA - Dividend Comparison
MRA's dividend yield for the trailing twelve months is around 7.69%, less than QQA's 9.75% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MRA GraniteShares Autocallable MARA ETF | 7.69% | 0.00% | 0.00% |
QQA Invesco QQQ Income Advantage ETF | 9.75% | 9.78% | 4.29% |
Frequently Asked Questions
MRA and QQA have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQA is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQA is cheaper with a 0.29% expense ratio, compared with 1.07% for MRA.
QQA has the higher dividend yield at 9.75%, compared with 7.69% for MRA.
They also come from different issuers: GraniteShares and Invesco. Their fees differ too: 1.07% for MRA and 0.29% for QQA.
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