FDIV vs. MRNY
FDIV (MarketDesk Focused U.S. Dividend ETF) and MRNY (YieldMax MRNA Option Income Strategy ETF) are both exchange-traded funds - FDIV is a Dividend fund actively managed by MarketDesk, while MRNY is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, FDIV returned 7.68% vs 47.46% for MRNY. At a 0.37 correlation, their price movements are largely independent. FDIV charges 0.35%/yr vs 0.99%/yr for MRNY.
Performance
FDIV vs. MRNY - Performance Comparison
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Returns By Period
In the year-to-date period, FDIV achieves a 0.72% return, which is significantly lower than MRNY's 51.59% return.
FDIV
- 1D
- -0.85%
- 1M
- -0.84%
- YTD
- 0.72%
- 6M
- 1.52%
- 1Y
- 7.68%
- 3Y*
- -12.10%
- 5Y*
- -8.67%
- 10Y*
- -2.13%
MRNY
- 1D
- 5.73%
- 1M
- 4.23%
- YTD
- 51.59%
- 6M
- 62.21%
- 1Y
- 47.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDIV vs. MRNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FDIV MarketDesk Focused U.S. Dividend ETF | 0.72% | 2.95% | -37.35% | 8.11% |
MRNY YieldMax MRNA Option Income Strategy ETF | 51.59% | -35.72% | -59.32% | 19.61% |
Correlation
The correlation between FDIV and MRNY is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2023 | 0.37 |
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Return for Risk
FDIV vs. MRNY — Risk / Return Rank
FDIV
MRNY
FDIV vs. MRNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MarketDesk Focused U.S. Dividend ETF (FDIV) 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.
| FDIV | MRNY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.20 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 1.51 | -0.55 |
| Martin ratioReturn relative to average drawdown | 2.56 | 2.95 | -0.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FDIV | MRNY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 0.97 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.42 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | -0.49 | +0.42 |
Drawdowns
FDIV vs. MRNY - Drawdown Comparison
The maximum FDIV drawdown since its inception was -47.90%, smaller than the maximum MRNY drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for FDIV and MRNY.
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Drawdown Indicators
| FDIV | MRNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.90% | -82.15% | +34.25% |
Max Drawdown (1Y)Largest decline over 1 year | -8.01% | -31.53% | +23.52% |
Max Drawdown (3Y)Largest decline over 3 years | -45.64% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -47.90% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.90% | — | — |
Current DrawdownCurrent decline from peak | -38.05% | -68.09% | +30.04% |
Average DrawdownAverage peak-to-trough decline | -11.15% | -52.62% | +41.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 16.15% | -13.14% |
Volatility
FDIV vs. MRNY - Volatility Comparison
The current volatility for MarketDesk Focused U.S. Dividend ETF (FDIV) is 2.99%, while YieldMax MRNA Option Income Strategy ETF (MRNY) has a volatility of 13.36%. This indicates that FDIV 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
| FDIV | MRNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.99% | 13.36% | -10.37% |
Volatility (6M)Calculated over the trailing 6-month period | 8.57% | 37.05% | -28.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.78% | 49.37% | -36.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.81% | 50.76% | -29.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.54% | 50.76% | -33.22% |
FDIV vs. MRNY - Expense Ratio Comparison
FDIV has a 0.35% expense ratio, which is lower than MRNY's 0.99% expense ratio.
Dividends
FDIV vs. MRNY - Dividend Comparison
FDIV's dividend yield for the trailing twelve months is around 2.89%, less than MRNY's 100.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDIV MarketDesk Focused U.S. Dividend ETF | 2.89% | 2.95% | 4.12% | 4.63% | 3.81% | 3.79% | 4.17% | 3.93% | 5.13% | 3.81% | 3.84% | 4.13% |
MRNY YieldMax MRNA Option Income Strategy ETF | 100.06% | 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
FDIV and MRNY have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MRNY has higher volatility (13.36%) compared to FDIV (2.99%). In terms of maximum drawdown, FDIV dropped -47.90% vs MRNY's -82.15%.
On 1-year performance, MRNY leads with 47.46% vs 7.68% for FDIV. On fees, FDIV is cheaper at 0.35% per year. On volatility, FDIV has been the lower-risk option at 2.99%. 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 47.46% return vs 7.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDIV is cheaper with a 0.35% expense ratio, compared with 0.99% for MRNY.
MRNY has the higher dividend yield at 100.06%, compared with 2.89% for FDIV.
FDIV is categorized as Dividend, while MRNY is Derivative Income. They also come from different issuers: MarketDesk and YieldMax. Their fees differ too: 0.35% for FDIV and 0.99% for MRNY.
MRNY currently has the higher Sharpe Ratio (0.97 vs 0.61), 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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