ICLN vs. MRNY
ICLN (iShares Global Clean Energy ETF) and MRNY (YieldMax MRNA Option Income Strategy ETF) are both exchange-traded funds - ICLN is a Alternative Energy Equities fund tracking the S&P Global Clean Energy Index, while MRNY is a Derivative Income fund actively managed by YieldMax. ICLN is passively managed, while MRNY is actively managed. Over the past year, ICLN returned 61.48% vs 53.54% for MRNY. At a 0.33 correlation, their price movements are largely independent. ICLN charges 0.39%/yr vs 0.99%/yr for MRNY.
Performance
ICLN vs. MRNY - Performance Comparison
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Returns By Period
In the year-to-date period, ICLN achieves a 28.34% return, which is significantly lower than MRNY's 56.58% return.
ICLN
- 1D
- 0.80%
- 1M
- -3.23%
- YTD
- 28.34%
- 6M
- 28.17%
- 1Y
- 61.48%
- 3Y*
- 5.46%
- 5Y*
- -0.17%
- 10Y*
- 11.52%
MRNY
- 1D
- 2.91%
- 1M
- 5.64%
- YTD
- 56.58%
- 6M
- 51.42%
- 1Y
- 53.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ICLN vs. MRNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ICLN iShares Global Clean Energy ETF | 28.34% | 47.05% | -25.72% | 18.54% |
MRNY YieldMax MRNA Option Income Strategy ETF | 56.58% | -35.72% | -59.32% | 18.27% |
Correlation
The correlation between ICLN and MRNY is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2023 | 0.33 |
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Return for Risk
ICLN vs. MRNY — Risk / Return Rank
ICLN
MRNY
ICLN vs. MRNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Clean Energy ETF (ICLN) 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.
| ICLN | MRNY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.21 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.77 | 1.71 | +2.07 |
| Martin ratioReturn relative to average drawdown | 13.82 | 3.30 | +10.51 |
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Drawdowns
ICLN vs. MRNY - Drawdown Comparison
The maximum ICLN drawdown since its inception was -87.15%, which is greater than MRNY's maximum drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for ICLN and MRNY.
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Drawdown Indicators
| ICLN | MRNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.15% | -82.15% | -5.00% |
Max Drawdown (1Y)Largest decline over 1 year | -16.38% | -31.53% | +15.15% |
Max Drawdown (3Y)Largest decline over 3 years | -43.18% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -57.16% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -66.75% | — | — |
Current DrawdownCurrent decline from peak | -42.58% | -67.04% | +24.46% |
Average DrawdownAverage peak-to-trough decline | -66.55% | -52.78% | -13.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.46% | 16.25% | -11.79% |
Volatility
ICLN vs. MRNY - Volatility Comparison
iShares Global Clean Energy ETF (ICLN) and YieldMax MRNA Option Income Strategy ETF (MRNY) have volatilities of 12.94% and 12.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICLN | MRNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.94% | 12.97% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 22.57% | 37.72% | -15.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.28% | 49.94% | -21.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.55% | 50.72% | -23.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.33% | 50.72% | -23.39% |
ICLN vs. MRNY - Expense Ratio Comparison
ICLN has a 0.39% expense ratio, which is lower than MRNY's 0.99% expense ratio.
Dividends
ICLN vs. MRNY - Dividend Comparison
ICLN's dividend yield for the trailing twelve months is around 1.54%, less than MRNY's 102.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICLN iShares Global Clean Energy ETF | 1.54% | 1.63% | 1.85% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% |
MRNY YieldMax MRNA Option Income Strategy ETF | 102.17% | 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
ICLN and MRNY have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MRNY has higher volatility (12.97%) compared to ICLN (12.94%). In terms of maximum drawdown, ICLN dropped -87.15% vs MRNY's -82.15%.
On 1-year performance, ICLN leads with 61.48% vs 53.54% for MRNY. On fees, ICLN is cheaper at 0.39% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ICLN has performed better with a 61.48% return vs 53.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ICLN is cheaper with a 0.39% expense ratio, compared with 0.99% for MRNY.
MRNY has the higher dividend yield at 102.17%, compared with 1.54% for ICLN.
ICLN is categorized as Alternative Energy Equities, while MRNY is Derivative Income. They also come from different issuers: iShares and YieldMax. Their fees differ too: 0.39% for ICLN and 0.99% for MRNY.
ICLN currently has the higher Sharpe Ratio (2.19 vs 1.08), 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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