DGS vs. MRNY
DGS (WisdomTree Emerging Markets SmallCap Dividend Fund) and MRNY (YieldMax MRNA Option Income Strategy ETF) are both exchange-traded funds - DGS is a Dividend fund tracking the WisdomTree Emerging Markets SmallCap Dividend Index, while MRNY is a Derivative Income fund actively managed by YieldMax. DGS is passively managed, while MRNY is actively managed. Over the past year, DGS returned 15.60% vs 60.66% for MRNY. Their 0.36 correlation means their historical movements had little consistent relationship. DGS charges 0.58%/yr vs 0.99%/yr for MRNY.
Performance
DGS vs. MRNY - Performance Comparison
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Returns By Period
In the year-to-date period, DGS achieves a 8.16% return, which is significantly lower than MRNY's 60.69% return.
DGS
- 1D
- 0.00%
- 1M
- -5.05%
- 6M
- 0.93%
- YTD
- 8.16%
- 1Y
- 15.60%
- 3Y*
- 11.49%
- 5Y*
- 6.78%
- 10Y*
- 8.21%
- ALL TIME*
- 4.63%
MRNY
- 1D
- -4.13%
- 1M
- -26.21%
- 6M
- 15.78%
- YTD
- 60.69%
- 1Y
- 60.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -22.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.57M | $2.59M | $2.98M | |
| $2.54M | $3.80M | $3.20M |
DGS vs. MRNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 8.16% | 21.18% | 1.13% | 14.38% |
MRNY YieldMax MRNA Option Income Strategy ETF | 60.69% | -35.72% | -59.32% | 18.27% |
Correlation
The correlation between DGS and MRNY is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2023 | 0.36 |
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Return for Risk
DGS vs. MRNY — Risk / Return Rank
DGS
MRNY
DGS vs. MRNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) 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.
| DGS | MRNY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.20 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 1.73 | -0.19 |
| Martin ratioReturn relative to average drawdown | 4.58 | 5.11 | -0.53 |
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Drawdowns
DGS vs. MRNY - Drawdown Comparison
The maximum DGS drawdown since its inception was -61.83%, smaller than the maximum MRNY drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for DGS and MRNY.
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Drawdown Indicators
| DGS | MRNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.83% | -82.15% | +20.32% |
Max Drawdown (1Y)Largest decline over 1 year | -10.06% | -28.84% | +18.78% |
Max Drawdown (3Y)Largest decline over 3 years | -19.31% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.86% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.08% | — | — |
Current DrawdownCurrent decline from peak | -7.35% | -66.17% | +58.82% |
Average DrawdownAverage peak-to-trough decline | -12.51% | -53.18% | +40.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 11.47% | -8.08% |
Volatility
DGS vs. MRNY - Volatility Comparison
The current volatility for WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) is 5.55%, while YieldMax MRNA Option Income Strategy ETF (MRNY) has a volatility of 17.82%. This indicates that DGS 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
| DGS | MRNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 17.82% | -12.27% |
Volatility (6M)Calculated over the trailing 6-month period | 15.52% | 36.53% | -21.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.41% | 53.56% | -36.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.33% | 51.54% | -36.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.34% | 51.54% | -34.20% |
DGS vs. MRNY - Expense Ratio Comparison
DGS has a 0.58% expense ratio, which is lower than MRNY's 0.99% expense ratio.
Dividends
DGS vs. MRNY - Dividend Comparison
DGS's dividend yield for the trailing twelve months is around 3.96%, less than MRNY's 101.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 3.96% | 3.45% | 3.36% | 4.55% | 5.34% | 3.98% | 3.69% | 3.95% | 4.24% | 2.81% | 3.42% | 3.28% |
MRNY YieldMax MRNA Option Income Strategy ETF | 101.63% | 145.98% | 178.49% | 1.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DGS and MRNY have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MRNY has higher volatility (17.82%) compared to DGS (5.55%). In terms of maximum drawdown, DGS dropped -61.83% vs MRNY's -82.15%.
On 1-year performance, MRNY leads with 60.66% vs 15.60% for DGS. On fees, DGS is cheaper at 0.58% per year. On volatility, DGS has been the lower-risk option at 5.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MRNY has performed better with a 60.66% return vs 15.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DGS is cheaper with a 0.58% expense ratio, compared with 0.99% for MRNY.
MRNY has the higher dividend yield at 101.63%, compared with 3.96% for DGS.
DGS is categorized as Dividend, while MRNY is Derivative Income. They also come from different issuers: WisdomTree and YieldMax. Their fees differ too: 0.58% for DGS and 0.99% for MRNY.
MRNY currently has the higher Sharpe Ratio (0.94 vs 0.89), 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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