FBYY vs. MRNY
FBYY (GraniteShares YieldBoost META ETF) and MRNY (YieldMax MRNA Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. At a 0.15 correlation, their price movements are largely independent. FBYY charges 1.07%/yr vs 0.99%/yr for MRNY.
Performance
FBYY vs. MRNY - Performance Comparison
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Returns By Period
In the year-to-date period, FBYY achieves a -19.14% return, which is significantly lower than MRNY's 55.67% return.
FBYY
- 1D
- 0.55%
- 1M
- 5.65%
- YTD
- -19.14%
- 6M
- -21.48%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MRNY
- 1D
- 2.69%
- 1M
- 7.98%
- YTD
- 55.67%
- 6M
- 64.78%
- 1Y
- 53.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FBYY vs. MRNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FBYY GraniteShares YieldBoost META ETF | -19.14% | -11.23% |
MRNY YieldMax MRNA Option Income Strategy ETF | 55.67% | 1.27% |
Correlation
The correlation between FBYY and MRNY is 0.15, 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 Oct 22, 2025 | 0.15 |
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Return for Risk
FBYY vs. MRNY — Risk / Return Rank
FBYY
MRNY
FBYY vs. MRNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBoost META ETF (FBYY) 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
| FBYY | MRNY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.08 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.68 | -0.48 | -1.21 |
Drawdowns
FBYY vs. MRNY - Drawdown Comparison
The maximum FBYY drawdown since its inception was -35.38%, smaller than the maximum MRNY drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for FBYY and MRNY.
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Drawdown Indicators
| FBYY | MRNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.38% | -82.15% | +46.77% |
Max Drawdown (1Y)Largest decline over 1 year | — | -31.53% | — |
Current DrawdownCurrent decline from peak | -31.56% | -67.23% | +35.67% |
Average DrawdownAverage peak-to-trough decline | -22.97% | -52.64% | +29.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 16.15% | — |
Volatility
FBYY vs. MRNY - Volatility Comparison
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Volatility by Period
| FBYY | MRNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 13.53% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 37.11% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.84% | 49.38% | -24.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.84% | 50.75% | -25.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.84% | 50.75% | -25.91% |
FBYY vs. MRNY - Expense Ratio Comparison
FBYY has a 1.07% expense ratio, which is higher than MRNY's 0.99% expense ratio.
Dividends
FBYY vs. MRNY - Dividend Comparison
FBYY's dividend yield for the trailing twelve months is around 40.21%, less than MRNY's 100.06% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FBYY GraniteShares YieldBoost META ETF | 40.21% | 10.35% | 0.00% | 0.00% |
MRNY YieldMax MRNA Option Income Strategy ETF | 100.06% | 145.98% | 178.49% | 1.75% |
Frequently Asked Questions
FBYY and MRNY have a correlation of 0.15, 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 FBYY.
MRNY has the higher dividend yield at 100.06%, compared with 40.21% for FBYY.
They also come from different issuers: GraniteShares and YieldMax. Their fees differ too: 1.07% for FBYY and 0.99% for MRNY.
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