IYLD vs. MDAA
IYLD (iShares Morningstar Multi-Asset Income ETF) and MDAA (Myriad Dynamic Asset Allocation ETF) are both Diversified Portfolio funds. IYLD is passively managed, while MDAA is actively managed. A 0.78 correlation means they provide meaningful diversification when combined. IYLD charges 0.60%/yr vs 0.97%/yr for MDAA.
Performance
IYLD vs. MDAA - Performance Comparison
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Returns By Period
In the year-to-date period, IYLD achieves a 4.83% return, which is significantly lower than MDAA's 16.10% return.
IYLD
- 1D
- -0.42%
- 1M
- 0.14%
- YTD
- 4.83%
- 6M
- 4.78%
- 1Y
- 13.19%
- 3Y*
- 10.52%
- 5Y*
- 3.26%
- 10Y*
- 4.06%
MDAA
- 1D
- -3.38%
- 1M
- -0.04%
- YTD
- 16.10%
- 6M
- 15.40%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYLD vs. MDAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IYLD iShares Morningstar Multi-Asset Income ETF | 4.83% | 2.70% |
MDAA Myriad Dynamic Asset Allocation ETF | 16.10% | -0.25% |
Correlation
The correlation between IYLD and MDAA is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 3, 2025 | 0.78 |
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Return for Risk
IYLD vs. MDAA — Risk / Return Rank
IYLD
MDAA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IYLD vs. MDAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Multi-Asset Income ETF (IYLD) and Myriad Dynamic Asset Allocation ETF (MDAA). 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.
| IYLD | MDAA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.43 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | — | — |
| Martin ratioReturn relative to average drawdown | 11.00 | — | — |
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Drawdowns
IYLD vs. MDAA - Drawdown Comparison
The maximum IYLD drawdown since its inception was -30.23%, which is greater than MDAA's maximum drawdown of -14.59%. Use the drawdown chart below to compare losses from any high point for IYLD and MDAA.
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Drawdown Indicators
| IYLD | MDAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.23% | -14.59% | -15.64% |
Max Drawdown (1Y)Largest decline over 1 year | -4.63% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -5.20% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.57% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -30.23% | — | — |
Current DrawdownCurrent decline from peak | -0.66% | -5.99% | +5.33% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -3.04% | -1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | — | — |
Volatility
IYLD vs. MDAA - Volatility Comparison
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Volatility by Period
| IYLD | MDAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.76% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.84% | 25.25% | -19.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.87% | 25.25% | -17.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.56% | 25.25% | -15.69% |
IYLD vs. MDAA - Expense Ratio Comparison
IYLD has a 0.60% expense ratio, which is lower than MDAA's 0.97% expense ratio.
Dividends
IYLD vs. MDAA - Dividend Comparison
IYLD's dividend yield for the trailing twelve months is around 4.61%, more than MDAA's 0.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYLD iShares Morningstar Multi-Asset Income ETF | 4.61% | 4.72% | 5.32% | 5.76% | 5.45% | 3.47% | 4.38% | 5.25% | 5.78% | 4.22% | 4.84% | 5.26% |
MDAA Myriad Dynamic Asset Allocation ETF | 0.40% | 0.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IYLD and MDAA have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IYLD is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IYLD is cheaper with a 0.60% expense ratio, compared with 0.97% for MDAA.
IYLD has the higher dividend yield at 4.61%, compared with 0.40% for MDAA.
They also come from different issuers: iShares and Myriad. Their fees differ too: 0.60% for IYLD and 0.97% for MDAA.
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