FBY vs. MRNY
Compare and contrast key facts about YieldMax META Option Income ETF (FBY) and YieldMax MRNA Option Income Strategy ETF (MRNY).
FBY and MRNY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FBY is an actively managed fund by YieldMax. It was launched on Jul 27, 2023. MRNY is an actively managed fund by YieldMax. It was launched on Oct 23, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBY or MRNY.
Key characteristics
| FBY | MRNY | |
|---|---|---|
| YTD Return | 43.20% | -57.50% |
| 1Y Return | 56.26% | -43.34% |
| Sharpe Ratio | 2.28 | -0.97 |
| Sortino Ratio | 2.86 | -1.26 |
| Omega Ratio | 1.44 | 0.82 |
| Calmar Ratio | 3.87 | -0.65 |
| Martin Ratio | 11.35 | -1.43 |
| Ulcer Index | 5.16% | 30.24% |
| Daily Std Dev | 25.66% | 44.87% |
| Max Drawdown | -15.14% | -66.20% |
| Current Drawdown | -0.82% | -65.78% |
Correlation
The correlation between FBY and MRNY is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FBY vs. MRNY - Performance Comparison
In the year-to-date period, FBY achieves a 43.20% return, which is significantly higher than MRNY's -57.50% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FBY vs. MRNY - Expense Ratio Comparison
Both FBY and MRNY have an expense ratio of 0.99%.
Risk-Adjusted Performance
FBY vs. MRNY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax META Option Income ETF (FBY) 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.
Dividends
FBY vs. MRNY - Dividend Comparison
FBY's dividend yield for the trailing twelve months is around 54.48%, less than MRNY's 167.18% yield.
| TTM | 2023 | |
|---|---|---|
FBY YieldMax META Option Income ETF | 54.48% | 8.31% |
MRNY YieldMax MRNA Option Income Strategy ETF | 167.18% | 1.75% |
Drawdowns
FBY vs. MRNY - Drawdown Comparison
The maximum FBY drawdown since its inception was -15.14%, smaller than the maximum MRNY drawdown of -66.20%. Use the drawdown chart below to compare losses from any high point for FBY and MRNY. For additional features, visit the drawdowns tool.
Volatility
FBY vs. MRNY - Volatility Comparison
The current volatility for YieldMax META Option Income ETF (FBY) is 5.53%, while YieldMax MRNA Option Income Strategy ETF (MRNY) has a volatility of 11.48%. This indicates that FBY 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.