ALKS vs. MRNY
ALKS (Alkermes plc) is a stock, while MRNY (YieldMax MRNA Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax. Over the past year, ALKS returned 37.54% vs 53.27% for MRNY. At a 0.30 correlation, their price movements are largely independent.
Performance
ALKS vs. MRNY - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ALKS having a 55.04% return and MRNY slightly higher at 55.67%.
ALKS
- 1D
- 1.45%
- 1M
- 19.67%
- YTD
- 55.04%
- 6M
- 48.05%
- 1Y
- 37.54%
- 3Y*
- 13.77%
- 5Y*
- 13.45%
- 10Y*
- -0.55%
MRNY
- 1D
- 2.69%
- 1M
- 7.98%
- YTD
- 55.67%
- 6M
- 64.78%
- 1Y
- 53.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ALKS vs. MRNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ALKS Alkermes plc | 55.04% | -2.71% | 3.68% | 9.56% |
MRNY YieldMax MRNA Option Income Strategy ETF | 55.67% | -35.72% | -59.32% | 19.61% |
Correlation
The correlation between ALKS and MRNY is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2023 | 0.30 |
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Return for Risk
ALKS vs. MRNY — Risk / Return Rank
ALKS
MRNY
ALKS vs. MRNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alkermes plc (ALKS) and YieldMax MRNA Option Income Strategy ETF (MRNY). 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.
| ALKS | MRNY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.22 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 1.70 | 0.00 |
| Martin ratioReturn relative to average drawdown | 3.57 | 3.31 | +0.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ALKS | MRNY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 1.08 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.01 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | -0.48 | +0.58 |
Drawdowns
ALKS vs. MRNY - Drawdown Comparison
The maximum ALKS drawdown since its inception was -96.14%, which is greater than MRNY's maximum drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for ALKS and MRNY.
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Drawdown Indicators
| ALKS | MRNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.14% | -82.15% | -13.99% |
Max Drawdown (1Y)Largest decline over 1 year | -22.20% | -31.53% | +9.33% |
Max Drawdown (3Y)Largest decline over 3 years | -31.58% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -33.18% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -80.58% | — | — |
Current DrawdownCurrent decline from peak | -55.76% | -67.23% | +11.47% |
Average DrawdownAverage peak-to-trough decline | -67.25% | -52.64% | -14.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.54% | 16.15% | -5.61% |
Volatility
ALKS vs. MRNY - Volatility Comparison
The current volatility for Alkermes plc (ALKS) is 12.20%, while YieldMax MRNA Option Income Strategy ETF (MRNY) has a volatility of 13.53%. This indicates that ALKS experiences smaller price fluctuations and is considered to be less risky than MRNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALKS | MRNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.20% | 13.53% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 30.15% | 37.11% | -6.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.66% | 49.38% | -8.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.32% | 50.75% | -13.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.29% | 50.75% | -9.46% |
Dividends
ALKS vs. MRNY - Dividend Comparison
ALKS has not paid dividends to shareholders, while MRNY's dividend yield for the trailing twelve months is around 100.06%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ALKS Alkermes plc | 0.00% | 0.00% | 0.00% | 0.00% |
MRNY YieldMax MRNA Option Income Strategy ETF | 100.06% | 145.98% | 178.49% | 1.75% |
Frequently Asked Questions
ALKS and MRNY have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MRNY has higher volatility (13.53%) compared to ALKS (12.20%). In terms of maximum drawdown, ALKS dropped -96.14% vs MRNY's -82.15%.
MRNY currently has the higher Sharpe Ratio (1.08 vs 0.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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