AZYY vs. MRNY
AZYY (GraniteShares YieldBoost AMZN ETF) and MRNY (YieldMax MRNA Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. At a 0.17 correlation, their price movements are largely independent. AZYY charges 1.07%/yr vs 0.99%/yr for MRNY.
Performance
AZYY vs. MRNY - Performance Comparison
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Returns By Period
In the year-to-date period, AZYY achieves a -5.46% return, which is significantly lower than MRNY's 77.31% return.
AZYY
- 1D
- -0.13%
- 1M
- 1.44%
- 6M
- -1.57%
- YTD
- -5.46%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MRNY
- 1D
- -1.79%
- 1M
- -0.71%
- 6M
- 33.77%
- YTD
- 77.31%
- 1Y
- 50.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AZYY vs. MRNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AZYY GraniteShares YieldBoost AMZN ETF | -5.46% | -5.56% |
MRNY YieldMax MRNA Option Income Strategy ETF | 77.31% | 13.29% |
Correlation
The correlation between AZYY and MRNY is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 16, 2025 | 0.17 |
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Return for Risk
AZYY vs. MRNY — Risk / Return Rank
AZYY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MRNY
AZYY vs. MRNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBoost AMZN ETF (AZYY) 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.
| AZYY | MRNY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.20 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.62 | — |
| Martin ratioReturn relative to average drawdown | — | 3.11 | — |
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Drawdowns
AZYY vs. MRNY - Drawdown Comparison
The maximum AZYY drawdown since its inception was -23.12%, smaller than the maximum MRNY drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for AZYY and MRNY.
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Drawdown Indicators
| AZYY | MRNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.12% | -82.15% | +59.03% |
Max Drawdown (1Y)Largest decline over 1 year | — | -31.53% | — |
Current DrawdownCurrent decline from peak | -15.32% | -62.67% | +47.35% |
Average DrawdownAverage peak-to-trough decline | -12.59% | -53.00% | +40.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 16.43% | — |
Volatility
AZYY vs. MRNY - Volatility Comparison
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Volatility by Period
| AZYY | MRNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 21.26% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 38.69% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.81% | 53.20% | -32.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.81% | 51.58% | -30.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.81% | 51.58% | -30.77% |
AZYY vs. MRNY - Expense Ratio Comparison
AZYY has a 1.07% expense ratio, which is higher than MRNY's 0.99% expense ratio.
Dividends
AZYY vs. MRNY - Dividend Comparison
AZYY's dividend yield for the trailing twelve months is around 50.16%, less than MRNY's 86.15% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AZYY GraniteShares YieldBoost AMZN ETF | 50.16% | 15.86% | 0.00% | 0.00% |
MRNY YieldMax MRNA Option Income Strategy ETF | 86.15% | 145.98% | 178.49% | 1.75% |
Frequently Asked Questions
AZYY and MRNY have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MRNY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MRNY is cheaper with a 0.99% expense ratio, compared with 1.07% for AZYY.
MRNY has the higher dividend yield at 86.15%, compared with 50.16% for AZYY.
They also come from different issuers: GraniteShares and YieldMax. Their fees differ too: 1.07% for AZYY and 0.99% for MRNY.
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