HIYY vs. MRNY
HIYY (YieldMax HIMS Option Income Strategy ETF) and MRNY (YieldMax MRNA Option Income Strategy ETF) are both Derivative Income funds from YieldMax. Both are actively managed. At a 0.31 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.
Performance
HIYY vs. MRNY - Performance Comparison
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Returns By Period
In the year-to-date period, HIYY achieves a 2.11% return, which is significantly lower than MRNY's 92.61% return.
HIYY
- 1D
- -2.64%
- 1M
- 15.27%
- 6M
- 5.26%
- YTD
- 2.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MRNY
- 1D
- -8.27%
- 1M
- 26.59%
- 6M
- 70.47%
- YTD
- 92.61%
- 1Y
- 57.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HIYY vs. MRNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HIYY YieldMax HIMS Option Income Strategy ETF | 2.11% | -37.34% |
MRNY YieldMax MRNA Option Income Strategy ETF | 92.61% | 3.90% |
Correlation
The correlation between HIYY and MRNY is 0.31, 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 Sep 23, 2025 | 0.31 |
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Return for Risk
HIYY vs. MRNY — Risk / Return Rank
HIYY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MRNY
HIYY vs. MRNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax HIMS Option Income Strategy ETF (HIYY) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HIYY | MRNY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.21 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.79 | — |
| Martin ratioReturn relative to average drawdown | — | 3.46 | — |
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Drawdowns
HIYY vs. MRNY - Drawdown Comparison
The maximum HIYY drawdown since its inception was -73.95%, smaller than the maximum MRNY drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for HIYY and MRNY.
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Drawdown Indicators
| HIYY | MRNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.95% | -82.15% | +8.20% |
Max Drawdown (1Y)Largest decline over 1 year | — | -31.53% | — |
Current DrawdownCurrent decline from peak | -41.79% | -59.45% | +17.66% |
Average DrawdownAverage peak-to-trough decline | -43.76% | -52.95% | +9.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 16.29% | — |
Volatility
HIYY vs. MRNY - Volatility Comparison
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Volatility by Period
| HIYY | MRNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 20.73% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 39.96% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 82.75% | 53.06% | +29.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.75% | 51.59% | +31.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.75% | 51.59% | +31.16% |
HIYY vs. MRNY - Expense Ratio Comparison
Both HIYY and MRNY have an expense ratio of 0.99%.
Dividends
HIYY vs. MRNY - Dividend Comparison
HIYY's dividend yield for the trailing twelve months is around 92.74%, more than MRNY's 86.73% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HIYY YieldMax HIMS Option Income Strategy ETF | 92.74% | 29.99% | 0.00% | 0.00% |
MRNY YieldMax MRNA Option Income Strategy ETF | 86.73% | 145.98% | 178.49% | 1.75% |
Frequently Asked Questions
HIYY and MRNY have a correlation of 0.31, 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.
HIYY and MRNY have the same expense ratio: 0.99% per year.
HIYY has the higher dividend yield at 92.74%, compared with 86.73% for MRNY.
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