IDVY vs. MRNY

Last updated Jun 5, 2026

IDVY (First Trust International Rising Dividend Achievers ETF) and MRNY (YieldMax MRNA Option Income Strategy ETF) are both exchange-traded funds - IDVY is a Dividend fund tracking the Nasdaq International Rising Dividend Achievers Index, while MRNY is a Derivative Income fund actively managed by YieldMax. IDVY is passively managed, while MRNY is actively managed. At a 0.35 correlation, their price movements are largely independent. IDVY charges 0.60%/yr vs 0.99%/yr for MRNY.

Performance

IDVY vs. MRNY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust International Rising Dividend Achievers ETF (IDVY) and YieldMax MRNA Option Income Strategy ETF (MRNY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IDVY

• 1D: 0.50%
• 1M: 2.54%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MRNY

• 1D: 2.69%
• 1M: 7.98%
• YTD: 55.67%
• 6M: 64.78%
• 1Y: 53.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IDVY vs. MRNY - Yearly Performance Comparison

	2026 (YTD)
IDVY First Trust International Rising Dividend Achievers ETF	0.98%
MRNY YieldMax MRNA Option Income Strategy ETF	19.27%

Correlation

The correlation between IDVY and MRNY is 0.35, 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 Feb 12, 2026	0.35

Return for Risk

IDVY vs. MRNY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MRNY

MRNY Risk / Return Rank: 32
MRNY Sharpe Ratio Rank: 30
MRNY Sortino Ratio Rank: 36
MRNY Omega Ratio Rank: 33
MRNY Calmar Ratio Rank: 35
MRNY Martin Ratio Rank: 25

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IDVY vs. MRNY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust International Rising Dividend Achievers ETF (IDVY) 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.

Sharpe Ratios by Period

	IDVY	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	0.12	-0.48	+0.60

Drawdowns

IDVY vs. MRNY - Drawdown Comparison

The maximum IDVY drawdown since its inception was -13.52%, smaller than the maximum MRNY drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for IDVY and MRNY.

Drawdown Indicators

	IDVY	MRNY	Difference
Max Drawdown Largest peak-to-trough decline	-13.52%	-82.15%	+68.63%
Max Drawdown (1Y) Largest decline over 1 year	—	-31.53%	—
Current Drawdown Current decline from peak	-1.30%	-67.23%	+65.93%
Average Drawdown Average peak-to-trough decline	-4.62%	-52.64%	+48.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.15%	—

Volatility

Volatility by Period

	IDVY	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	26.25%	49.38%	-23.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.25%	50.75%	-24.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.25%	50.75%	-24.50%

IDVY vs. MRNY - Expense Ratio Comparison

IDVY has a 0.60% expense ratio, which is lower than MRNY's 0.99% expense ratio.

Dividends

IDVY vs. MRNY - Dividend Comparison

IDVY has not paid dividends to shareholders, while MRNY's dividend yield for the trailing twelve months is around 100.06%.

Position	TTM	2025	2024	2023
IDVY First Trust International Rising Dividend Achievers ETF	0.00%	0.00%	0.00%	0.00%
MRNY YieldMax MRNA Option Income Strategy ETF	100.06%	145.98%	178.49%	1.75%

Frequently Asked Questions

Can I hold both IDVY and MRNY in my portfolio?

IDVY and MRNY have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IDVY or MRNY?

On fees, IDVY is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IDVY or MRNY?

IDVY is cheaper with a 0.60% expense ratio, compared with 0.99% for MRNY.

Which ETF pays a higher dividend yield, IDVY or MRNY?

MRNY has the higher dividend yield at 100.06%, compared with 0.00% for IDVY.

What is the main difference between IDVY and MRNY?

IDVY is categorized as Dividend, while MRNY is Derivative Income. They also come from different issuers: First Trust and YieldMax. Their fees differ too: 0.60% for IDVY and 0.99% for MRNY.