AMZW vs. MRNY

Last updated Jun 25, 2026

AMZW (Roundhill AMZN WeeklyPay ETF) and MRNY (YieldMax MRNA Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, AMZW returned 6.63% vs 67.98% for MRNY. At a 0.12 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

AMZW vs. MRNY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill AMZN WeeklyPay ETF (AMZW) and YieldMax MRNA Option Income Strategy ETF (MRNY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMZW achieves a -0.73% return, which is significantly lower than MRNY's 74.80% return.

AMZW

• 1D: -0.20%
• 1M: -14.89%
• YTD: -0.73%
• 6M: -1.71%
• 1Y: 6.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MRNY

• 1D: -0.57%
• 1M: 20.11%
• YTD: 74.80%
• 6M: 59.53%
• 1Y: 67.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMZW vs. MRNY - Yearly Performance Comparison

	2026 (YTD)	2025
AMZW Roundhill AMZN WeeklyPay ETF	-0.73%	7.33%
MRNY YieldMax MRNA Option Income Strategy ETF	74.80%	0.09%

Correlation

The correlation between AMZW and MRNY is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.12

Return for Risk

AMZW vs. MRNY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMZW

AMZW Risk / Return Rank: 12
AMZW Sharpe Ratio Rank: 11
AMZW Sortino Ratio Rank: 12
AMZW Omega Ratio Rank: 12
AMZW Calmar Ratio Rank: 12
AMZW Martin Ratio Rank: 11

MRNY

MRNY Risk / Return Rank: 42
MRNY Sharpe Ratio Rank: 42
MRNY Sortino Ratio Rank: 46
MRNY Omega Ratio Rank: 42
MRNY Calmar Ratio Rank: 49
MRNY Martin Ratio Rank: 32

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMZW vs. MRNY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill AMZN WeeklyPay ETF (AMZW) 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.

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.

	AMZW	MRNY	Difference
Sharpe ratio: Return per unit of total volatility	0.18	1.34	-1.16
Sortino ratio: Return per unit of downside risk	0.52	2.09	-1.57
Omega ratio: Gain probability vs. loss probability	1.06	1.25	-0.18
Calmar ratio: Return relative to maximum drawdown	0.25	2.17	-1.92
Martin ratio: Return relative to average drawdown	0.56	4.19	-3.63

AMZW vs. MRNY - Sharpe Ratio Comparison

The current AMZW Sharpe Ratio is 0.18, which is lower than the MRNY Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of AMZW and MRNY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AMZW vs. MRNY - Drawdown Comparison

The maximum AMZW drawdown since its inception was -26.79%, smaller than the maximum MRNY drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for AMZW and MRNY.

Drawdown Indicators

	AMZW	MRNY	Difference
Max Drawdown Largest peak-to-trough decline	-26.79%	-82.15%	+55.36%
Max Drawdown (1Y) Largest decline over 1 year	-26.79%	-31.53%	+4.74%
Current Drawdown Current decline from peak	-18.25%	-63.20%	+44.95%
Average Drawdown Average peak-to-trough decline	-9.19%	-52.87%	+43.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.87%	16.26%	-4.39%

Volatility

AMZW vs. MRNY - Volatility Comparison

The current volatility for Roundhill AMZN WeeklyPay ETF (AMZW) is 12.09%, while YieldMax MRNA Option Income Strategy ETF (MRNY) has a volatility of 15.77%. This indicates that AMZW 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.

Volatility by Period

	AMZW	MRNY	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.09%	15.77%	-3.68%
Volatility (6M) Calculated over the trailing 6-month period	26.19%	38.81%	-12.62%
Volatility (1Y) Calculated over the trailing 1-year period	37.44%	51.06%	-13.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.27%	51.01%	-13.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.27%	51.01%	-13.74%

AMZW vs. MRNY - Expense Ratio Comparison

Both AMZW and MRNY have an expense ratio of 0.99%.

Dividends

AMZW vs. MRNY - Dividend Comparison

AMZW's dividend yield for the trailing twelve months is around 49.16%, less than MRNY's 83.08% yield.

Position	TTM	2025	2024	2023
AMZW Roundhill AMZN WeeklyPay ETF	49.16%	25.29%	0.00%	0.00%
MRNY YieldMax MRNA Option Income Strategy ETF	83.08%	145.98%	178.49%	1.75%

Frequently Asked Questions

Can I hold both AMZW and MRNY in my portfolio?

AMZW and MRNY have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMZW or MRNY?

MRNY has higher volatility (15.77%) compared to AMZW (12.09%). In terms of maximum drawdown, AMZW dropped -26.79% vs MRNY's -82.15%.

Which ETF is better, AMZW or MRNY?

On 1-year performance, MRNY leads with 67.98% vs 6.63% for AMZW. Both ETFs have the same 0.99% expense ratio. On volatility, AMZW has been the lower-risk option at 12.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMZW or MRNY?

Over the 1-year period, MRNY has performed better with a 67.98% return vs 6.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMZW or MRNY?

AMZW and MRNY have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, AMZW or MRNY?

MRNY has the higher dividend yield at 83.08%, compared with 49.16% for AMZW.

What is the main difference between AMZW and MRNY?

They also come from different issuers: Roundhill and YieldMax.

Which has better risk-adjusted returns?

MRNY currently has the higher Sharpe Ratio (1.34 vs 0.18), 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.