BTYB vs. MRNY
BTYB (VistaShares BitBonds 5 Yr Enhanced Weekly Distribution ETF) and MRNY (YieldMax MRNA Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. At a 0.39 correlation, their price movements are largely independent. BTYB charges 0.52%/yr vs 0.99%/yr for MRNY.
Performance
BTYB vs. MRNY - Performance Comparison
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Returns By Period
BTYB
- 1D
- -0.59%
- 1M
- -3.38%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MRNY
- 1D
- 5.73%
- 1M
- 4.23%
- YTD
- 51.59%
- 6M
- 62.21%
- 1Y
- 47.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTYB vs. MRNY - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BTYB VistaShares BitBonds 5 Yr Enhanced Weekly Distribution ETF | -2.35% |
MRNY YieldMax MRNA Option Income Strategy ETF | 12.57% |
Correlation
The correlation between BTYB and MRNY is 0.39, 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 Feb 4, 2026 | 0.39 |
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Return for Risk
BTYB vs. MRNY — Risk / Return Rank
BTYB
MRNY
BTYB vs. MRNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VistaShares BitBonds 5 Yr Enhanced Weekly Distribution ETF (BTYB) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| BTYB | MRNY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.97 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.81 | -0.49 | -0.31 |
Drawdowns
BTYB vs. MRNY - Drawdown Comparison
The maximum BTYB drawdown since its inception was -3.99%, smaller than the maximum MRNY drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for BTYB and MRNY.
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Drawdown Indicators
| BTYB | MRNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.99% | -82.15% | +78.16% |
Max Drawdown (1Y)Largest decline over 1 year | — | -31.53% | — |
Current DrawdownCurrent decline from peak | -3.99% | -68.09% | +64.10% |
Average DrawdownAverage peak-to-trough decline | -0.98% | -52.62% | +51.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 16.15% | — |
Volatility
BTYB vs. MRNY - Volatility Comparison
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Volatility by Period
| BTYB | MRNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 13.36% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 37.05% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 8.71% | 49.37% | -40.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.71% | 50.76% | -42.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.71% | 50.76% | -42.05% |
BTYB vs. MRNY - Expense Ratio Comparison
BTYB has a 0.52% expense ratio, which is lower than MRNY's 0.99% expense ratio.
Dividends
BTYB vs. MRNY - Dividend Comparison
BTYB's dividend yield for the trailing twelve months is around 2.70%, less than MRNY's 100.06% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BTYB VistaShares BitBonds 5 Yr Enhanced Weekly Distribution ETF | 2.70% | 0.00% | 0.00% | 0.00% |
MRNY YieldMax MRNA Option Income Strategy ETF | 100.06% | 145.98% | 178.49% | 1.75% |
Frequently Asked Questions
BTYB and MRNY have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BTYB is cheaper at 0.52% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BTYB is cheaper with a 0.52% expense ratio, compared with 0.99% for MRNY.
MRNY has the higher dividend yield at 100.06%, compared with 2.70% for BTYB.
They also come from different issuers: VistaShares and YieldMax. Their fees differ too: 0.52% for BTYB and 0.99% for MRNY.
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