FTQI vs. MRNY
Compare and contrast key facts about First Trust Nasdaq BuyWrite Income ETF (FTQI) and YieldMax MRNA Option Income Strategy ETF (MRNY).
FTQI and MRNY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTQI is a passively managed fund by First Trust that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 6, 2014. MRNY is an actively managed fund by YieldMax. It was launched on Oct 23, 2023.
Performance
FTQI vs. MRNY - Performance Comparison
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FTQI vs. MRNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FTQI First Trust Nasdaq BuyWrite Income ETF | -0.38% | 12.68% | 18.30% | 7.74% |
MRNY YieldMax MRNA Option Income Strategy ETF | 55.26% | -35.72% | -59.32% | 19.61% |
Returns By Period
In the year-to-date period, FTQI achieves a -0.38% return, which is significantly lower than MRNY's 55.26% return.
FTQI
- 1D
- 1.00%
- 1M
- -0.70%
- YTD
- -0.38%
- 6M
- 3.73%
- 1Y
- 19.71%
- 3Y*
- 14.13%
- 5Y*
- 9.58%
- 10Y*
- 6.96%
MRNY
- 1D
- -1.18%
- 1M
- -1.56%
- YTD
- 55.26%
- 6M
- 60.43%
- 1Y
- 57.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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FTQI vs. MRNY - Expense Ratio Comparison
FTQI has a 0.75% expense ratio, which is lower than MRNY's 0.99% expense ratio.
Return for Risk
FTQI vs. MRNY — Risk / Return Rank
FTQI
MRNY
FTQI vs. MRNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq BuyWrite Income ETF (FTQI) 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.
| FTQI | MRNY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 1.11 | +0.04 |
Sortino ratioReturn per unit of downside risk | 1.75 | 1.78 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.22 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.73 | 1.61 | +0.12 |
Martin ratioReturn relative to average drawdown | 10.01 | 3.21 | +6.80 |
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
| FTQI | MRNY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 1.11 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | -0.50 | +0.96 |
Correlation
The correlation between FTQI and MRNY is 0.34, 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.
Dividends
FTQI vs. MRNY - Dividend Comparison
FTQI's dividend yield for the trailing twelve months is around 11.85%, less than MRNY's 88.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTQI First Trust Nasdaq BuyWrite Income ETF | 11.85% | 11.46% | 11.66% | 11.49% | 9.85% | 3.05% | 3.27% | 2.95% | 3.27% | 2.74% | 3.02% | 3.54% |
MRNY YieldMax MRNA Option Income Strategy ETF | 88.60% | 145.98% | 178.49% | 1.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FTQI vs. MRNY - Drawdown Comparison
The maximum FTQI drawdown since its inception was -19.42%, smaller than the maximum MRNY drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for FTQI and MRNY.
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Drawdown Indicators
| FTQI | MRNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.42% | -82.15% | +62.73% |
Max Drawdown (1Y)Largest decline over 1 year | -11.75% | -31.53% | +19.78% |
Max Drawdown (5Y)Largest decline over 5 years | -19.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -19.42% | — | — |
Current DrawdownCurrent decline from peak | -2.41% | -67.31% | +64.90% |
Average DrawdownAverage peak-to-trough decline | -3.80% | -51.53% | +47.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 15.78% | -13.75% |
Volatility
FTQI vs. MRNY - Volatility Comparison
The current volatility for First Trust Nasdaq BuyWrite Income ETF (FTQI) is 5.36%, while YieldMax MRNA Option Income Strategy ETF (MRNY) has a volatility of 16.90%. This indicates that FTQI 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
| FTQI | MRNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.36% | 16.90% | -11.54% |
Volatility (6M)Calculated over the trailing 6-month period | 8.93% | 39.43% | -30.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.15% | 52.05% | -34.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.83% | 51.40% | -36.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.41% | 51.40% | -37.99% |