YieldMax MRNA Option Income Strategy ETF (MRNY) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MRNY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MRNY
MRNY charges 0.99% annually. There are 155 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 29.05M | Nov 2024 | MRNY vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 329.53M | Mar 2024 | MRNY vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 46.39M | Sep 2024 | MRNY vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | MRNY vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 781.48M | Jul 2024 | MRNY vs QQA |
Best Risk-Adjusted Alternatives to MRNY
MRNY has a PortfoliosLab risk / return rank of 50. There are 86 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SoFi Enhanced Yield ETF | 96 | 34.73M | Nov 2023 | MRNY vs THTA | |
| Global X S&P 500 Covered Call ETF | 92 | 3.24B | Jun 2013 | MRNY vs XYLD | |
| Invesco S&P 500 BuyWrite ETF | 92 | 358.08M | Dec 2007 | MRNY vs PBP | |
| Simplify Treasury Option Income ETF | 91 | 489.70M | Oct 2022 | MRNY vs BUCK | |
| Global X Russell 2000 Covered Call ETF | 90 | 1.37B | Apr 2019 | MRNY vs RYLD |
Top Performing MRNY Alternatives (YTD)
MRNY is at 67.49% YTD. There are 4 ETFs in the Derivative Income category with higher YTD returns, going as high as 184.82%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 184.82% | 22.04M | Oct 2025 | MRNY vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 175.61% | 114.09M | Jul 2025 | MRNY vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 105.10% | 382.78M | Sep 2023 | MRNY vs AMDY | |
| YieldMax Target 12™ Semiconductor Option Income ET... | 70.13% | 64.01M | Dec 2024 | MRNY vs SOXY | |
| YieldMax Semiconductor Portfolio Option Income ETF | 66.63% | 1.02B | Apr 2025 | MRNY vs CHPY |
Lowest Volatility Alternatives to MRNY
MRNY has 52.67% 1-year volatility. There are 266 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.47%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.47% | 489.70M | Oct 2022 | MRNY vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | 2.94% | 112.06M | Aug 2022 | MRNY vs HYGW | |
| Janus Henderson Equity Linked Moderate Income ETF | 3.69% | — | Apr 2026 | MRNY vs JELM | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.79% | 289.20M | Apr 2026 | MRNY vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.83% | 90.28M | Feb 2025 | MRNY vs HYTI |
Lowest Drawdown Alternatives to MRNY
MRNY has a 1-year max drawdown of -28.84%. There are 149 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.84%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -0.84% | 489.70M | Oct 2022 | MRNY vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | -1.82% | 112.06M | Aug 2022 | MRNY vs HYGW | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.28M | Feb 2025 | MRNY vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.30B | Dec 2015 | MRNY vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | MRNY vs THTA |
Other ETFs from YieldMax
The 10 most viewed YieldMax ETFs shown here include MSTY, ULTY, YMAX and span 6 categories. AUM among these funds goes as high as $1B.
Often Compared With MRNY
Investors most often compare MRNY with MRNA, FBY, APLY. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare MRNY with Any Fund or Stock
Compare MRNY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MRNY with funds that move differently
YieldMax MRNA Option Income Strategy ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MRNY.
Explore MRNY Diversifiers