EDGE vs. OMAH

Last updated Jun 4, 2026

EDGE (MRBL Enhanced Equity ETF) and OMAH (VistaShares Target 15™ Berkshire Select Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, EDGE returned 28.99% vs 11.44% for OMAH. A 0.59 correlation means they provide meaningful diversification when combined. EDGE charges 0.74%/yr vs 0.95%/yr for OMAH.

Performance

EDGE vs. OMAH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MRBL Enhanced Equity ETF (EDGE) and VistaShares Target 15™ Berkshire Select Income ETF (OMAH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EDGE achieves a 9.19% return, which is significantly higher than OMAH's 4.56% return.

EDGE

• 1D: -0.24%
• 1M: 3.49%
• YTD: 9.19%
• 6M: 10.97%
• 1Y: 28.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

OMAH

• 1D: -0.70%
• 1M: 0.44%
• YTD: 4.56%
• 6M: 4.00%
• 1Y: 11.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EDGE vs. OMAH - Yearly Performance Comparison

	2026 (YTD)	2025
EDGE MRBL Enhanced Equity ETF	9.19%	16.79%
OMAH VistaShares Target 15™ Berkshire Select Income ETF	4.56%	6.74%

Correlation

The correlation between EDGE and OMAH is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (All Time) Calculated using the full available price history since Mar 6, 2025	0.59

The correlation between EDGE and OMAH shifts across timeframes, from 0.49 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.

Return for Risk

EDGE vs. OMAH — Risk / Return Rank

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

EDGE

EDGE Risk / Return Rank: 80
EDGE Sharpe Ratio Rank: 81
EDGE Sortino Ratio Rank: 80
EDGE Omega Ratio Rank: 86
EDGE Calmar Ratio Rank: 66
EDGE Martin Ratio Rank: 85

OMAH

OMAH Risk / Return Rank: 49
OMAH Sharpe Ratio Rank: 39
OMAH Sortino Ratio Rank: 38
OMAH Omega Ratio Rank: 37
OMAH Calmar Ratio Rank: 75
OMAH Martin Ratio Rank: 54

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.

EDGE vs. OMAH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MRBL Enhanced Equity ETF (EDGE) and VistaShares Target 15™ Berkshire Select Income ETF (OMAH). 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.

	EDGE	OMAH	Difference
Sharpe ratio: Return per unit of total volatility	2.58	1.43	+1.16
Sortino ratio: Return per unit of downside risk	3.55	2.02	+1.53
Omega ratio: Gain probability vs. loss probability	1.53	1.25	+0.28
Calmar ratio: Return relative to maximum drawdown	3.23	3.82	-0.59
Martin ratio: Return relative to average drawdown	17.20	9.48	+7.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EDGE vs. OMAH - Sharpe Ratio Comparison

The current EDGE Sharpe Ratio is 2.58, which is higher than the OMAH Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of EDGE and OMAH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EDGE	OMAH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.58	1.43	+1.16
Sharpe Ratio (All Time) Calculated using the full available price history	1.06	0.70	+0.36

Drawdowns

EDGE vs. OMAH - Drawdown Comparison

The maximum EDGE drawdown since its inception was -20.66%, which is greater than OMAH's maximum drawdown of -11.83%. Use the drawdown chart below to compare losses from any high point for EDGE and OMAH.

Drawdown Indicators

	EDGE	OMAH	Difference
Max Drawdown Largest peak-to-trough decline	-20.66%	-11.83%	-8.83%
Max Drawdown (1Y) Largest decline over 1 year	-9.01%	-3.00%	-6.01%
Current Drawdown Current decline from peak	-0.24%	-2.65%	+2.41%
Average Drawdown Average peak-to-trough decline	-2.85%	-1.26%	-1.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.69%	1.21%	+0.48%

Volatility

EDGE vs. OMAH - Volatility Comparison

The current volatility for MRBL Enhanced Equity ETF (EDGE) is 1.80%, while VistaShares Target 15™ Berkshire Select Income ETF (OMAH) has a volatility of 1.93%. This indicates that EDGE experiences smaller price fluctuations and is considered to be less risky than OMAH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EDGE	OMAH	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.80%	1.93%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	9.08%	5.49%	+3.59%
Volatility (1Y) Calculated over the trailing 1-year period	11.28%	8.05%	+3.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.95%	13.21%	+2.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.95%	13.21%	+2.74%

EDGE vs. OMAH - Expense Ratio Comparison

EDGE has a 0.74% expense ratio, which is lower than OMAH's 0.95% expense ratio.

Dividends

EDGE vs. OMAH - Dividend Comparison

EDGE has not paid dividends to shareholders, while OMAH's dividend yield for the trailing twelve months is around 15.44%.

Position	TTM	2025
EDGE MRBL Enhanced Equity ETF	0.00%	0.00%
OMAH VistaShares Target 15™ Berkshire Select Income ETF	15.44%	12.86%

Frequently Asked Questions

Can I hold both EDGE and OMAH in my portfolio?

EDGE and OMAH have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EDGE or OMAH?

OMAH has higher volatility (1.93%) compared to EDGE (1.80%). In terms of maximum drawdown, EDGE dropped -20.66% vs OMAH's -11.83%.

Which ETF is better, EDGE or OMAH?

On 1-year performance, EDGE leads with 28.99% vs 11.44% for OMAH. On fees, EDGE is cheaper at 0.74% per year. On volatility, EDGE has been the lower-risk option at 1.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EDGE or OMAH?

Over the 1-year period, EDGE has performed better with a 28.99% return vs 11.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EDGE or OMAH?

EDGE is cheaper with a 0.74% expense ratio, compared with 0.95% for OMAH.

Which ETF pays a higher dividend yield, EDGE or OMAH?

OMAH has the higher dividend yield at 15.44%, compared with 0.00% for EDGE.

What is the main difference between EDGE and OMAH?

They also come from different issuers: MRBL and VistaShares. Their fees differ too: 0.74% for EDGE and 0.95% for OMAH.

Which has better risk-adjusted returns?

EDGE currently has the higher Sharpe Ratio (2.58 vs 1.43), 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.