GLDW vs. MRNY
GLDW (Roundhill Gold WeeklyPay ETF) and MRNY (YieldMax MRNA Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. At a 0.26 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.
Performance
GLDW vs. MRNY - Performance Comparison
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Returns By Period
In the year-to-date period, GLDW achieves a 1.00% return, which is significantly lower than MRNY's 51.59% return.
GLDW
- 1D
- -1.20%
- 1M
- -2.48%
- YTD
- 1.00%
- 6M
- 3.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MRNY
- 1D
- 5.73%
- 1M
- 4.23%
- YTD
- 51.59%
- 6M
- 62.21%
- 1Y
- 47.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLDW vs. MRNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLDW Roundhill Gold WeeklyPay ETF | 1.00% | 7.63% |
MRNY YieldMax MRNA Option Income Strategy ETF | 51.59% | -1.55% |
Correlation
The correlation between GLDW and MRNY is 0.26, 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 31, 2025 | 0.26 |
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Return for Risk
GLDW vs. MRNY — Risk / Return Rank
GLDW
MRNY
GLDW vs. MRNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Gold WeeklyPay ETF (GLDW) 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
| GLDW | MRNY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.97 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | -0.49 | +0.91 |
Drawdowns
GLDW vs. MRNY - Drawdown Comparison
The maximum GLDW drawdown since its inception was -23.59%, smaller than the maximum MRNY drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for GLDW and MRNY.
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Drawdown Indicators
| GLDW | MRNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.59% | -82.15% | +58.56% |
Max Drawdown (1Y)Largest decline over 1 year | — | -31.53% | — |
Current DrawdownCurrent decline from peak | -22.51% | -68.09% | +45.58% |
Average DrawdownAverage peak-to-trough decline | -8.93% | -52.62% | +43.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 16.15% | — |
Volatility
GLDW vs. MRNY - Volatility Comparison
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Volatility by Period
| GLDW | MRNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 13.36% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 37.05% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 36.90% | 49.37% | -12.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.90% | 50.76% | -13.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.90% | 50.76% | -13.86% |
GLDW vs. MRNY - Expense Ratio Comparison
Both GLDW and MRNY have an expense ratio of 0.99%.
Dividends
GLDW vs. MRNY - Dividend Comparison
GLDW's dividend yield for the trailing twelve months is around 19.48%, less than MRNY's 100.06% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GLDW Roundhill Gold WeeklyPay ETF | 19.48% | 3.75% | 0.00% | 0.00% |
MRNY YieldMax MRNA Option Income Strategy ETF | 100.06% | 145.98% | 178.49% | 1.75% |
Frequently Asked Questions
GLDW and MRNY have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
GLDW and MRNY have the same expense ratio: 0.99% per year.
MRNY has the higher dividend yield at 100.06%, compared with 19.48% for GLDW.
They also come from different issuers: State Street and YieldMax.
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