HOYY vs. MRNY
HOYY (GraniteShares YieldBOOST HOOD ETF) and MRNY (YieldMax MRNA Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. At a 0.38 correlation, their price movements are largely independent. HOYY charges 1.07%/yr vs 0.99%/yr for MRNY.
Performance
HOYY vs. MRNY - Performance Comparison
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Returns By Period
In the year-to-date period, HOYY achieves a -28.68% return, which is significantly lower than MRNY's 55.67% return.
HOYY
- 1D
- 1.17%
- 1M
- 1.20%
- YTD
- -28.68%
- 6M
- -38.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MRNY
- 1D
- 2.69%
- 1M
- 7.98%
- YTD
- 55.67%
- 6M
- 64.78%
- 1Y
- 53.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HOYY vs. MRNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HOYY GraniteShares YieldBOOST HOOD ETF | -28.68% | -24.36% |
MRNY YieldMax MRNA Option Income Strategy ETF | 55.67% | 6.25% |
Correlation
The correlation between HOYY and MRNY is 0.38, 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 1, 2025 | 0.38 |
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Return for Risk
HOYY vs. MRNY — Risk / Return Rank
HOYY
MRNY
HOYY vs. MRNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST HOOD ETF (HOYY) 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
| HOYY | 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 | -1.63 | -0.48 | -1.15 |
Drawdowns
HOYY vs. MRNY - Drawdown Comparison
The maximum HOYY drawdown since its inception was -51.54%, smaller than the maximum MRNY drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for HOYY and MRNY.
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Drawdown Indicators
| HOYY | MRNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.54% | -82.15% | +30.61% |
Max Drawdown (1Y)Largest decline over 1 year | — | -31.53% | — |
Current DrawdownCurrent decline from peak | -48.91% | -67.23% | +18.32% |
Average DrawdownAverage peak-to-trough decline | -32.66% | -52.64% | +19.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 16.15% | — |
Volatility
HOYY vs. MRNY - Volatility Comparison
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Volatility by Period
| HOYY | 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 | 36.97% | 49.38% | -12.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.97% | 50.75% | -13.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.97% | 50.75% | -13.78% |
HOYY vs. MRNY - Expense Ratio Comparison
HOYY has a 1.07% expense ratio, which is higher than MRNY's 0.99% expense ratio.
Dividends
HOYY vs. MRNY - Dividend Comparison
HOYY's dividend yield for the trailing twelve months is around 185.17%, more than MRNY's 100.06% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HOYY GraniteShares YieldBOOST HOOD ETF | 185.17% | 50.51% | 0.00% | 0.00% |
MRNY YieldMax MRNA Option Income Strategy ETF | 100.06% | 145.98% | 178.49% | 1.75% |
Frequently Asked Questions
HOYY and MRNY have a correlation of 0.38, 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 HOYY.
HOYY has the higher dividend yield at 185.17%, compared with 100.06% for MRNY.
They also come from different issuers: GraniteShares and YieldMax. Their fees differ too: 1.07% for HOYY and 0.99% for MRNY.
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