MRA vs SPY

MRA vs SPY
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Quick Verdict

SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.

Lower Fees: SPYHigher Returns: TiedMore Diversified: SPY

Side-by-Side Comparison

MetricMRASPYWinner
Expense Ratio1.07%0.09%
AUM$746,507.74$821.1B
Dividend Yield8.03%1.01%
Holdings0505
YTD Return-11.79%+13.17%
1Y Return-+21.53%
3Y Return (annualized)-+22.06%
5Y Return (annualized)-+13.35%
Volatility (annualized)-15.3%
Max Drawdown-19.6%-56.5%
Fund FamilyGraniteSharesState Street Investment Management
CategoryAlternativeEquity
InceptionMay 27, 2026Jan 22, 1993

MRA vs SPY Performance

GraniteShares Autocallable MARA ETF (MRA) is a ETF from GraniteShares and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, MRA is down 11.79% versus a gain of 13.17% for SPY.

Risk: Volatility and Drawdowns

The deepest peak-to-trough decline in our data was -19.6% for MRA and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

Fees and Cost Over Time

MRA charges 1.07% per year while SPY charges 0.09%. On a $10,000 position that is $107 vs $9 annually, a gap of $98 per year that compounds over a long holding period. On income, MRA currently yields 8.03% against 1.01% for SPY.

Frequently Asked Questions

Which is cheaper, MRA or SPY?

MRA has an expense ratio of 1.07% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $98 per year of difference.

Which pays a higher dividend, MRA or SPY?

MRA yields 8.03% while SPY yields 1.01%, so MRA currently pays the higher dividend yield.

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