MDAA vs. IYLD
MDAA (Myriad Dynamic Asset Allocation ETF) and IYLD (iShares Morningstar Multi-Asset Income ETF) are both Diversified Portfolio funds. MDAA is actively managed, while IYLD is passively managed. Their 0.76 correlation means they have sometimes moved together and sometimes differently. MDAA charges 0.97%/yr vs 0.60%/yr for IYLD.
Performance
MDAA vs. IYLD - Performance Comparison
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Returns By Period
In the year-to-date period, MDAA achieves a 14.47% return, which is significantly higher than IYLD's 5.72% return.
MDAA
- 1D
- 1.17%
- 1M
- -1.05%
- 6M
- 6.38%
- YTD
- 14.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
IYLD
- 1D
- -0.18%
- 1M
- 0.34%
- 6M
- 2.24%
- YTD
- 5.72%
- 1Y
- 13.16%
- 3Y*
- 9.75%
- 5Y*
- 3.22%
- 10Y*
- 3.84%
- ALL TIME*
- 4.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $181.04K | $278.59K | $373.50K | |
| $2.14K | $4.90K | $43.45K |
MDAA vs. IYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MDAA Myriad Dynamic Asset Allocation ETF | 14.47% | -0.25% |
IYLD iShares Morningstar Multi-Asset Income ETF | 5.72% | 2.70% |
Correlation
The correlation between MDAA and IYLD is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 3, 2025 | 0.76 |
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Return for Risk
MDAA vs. IYLD — Risk / Return Rank
MDAA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IYLD
MDAA vs. IYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Myriad Dynamic Asset Allocation ETF (MDAA) and iShares Morningstar Multi-Asset Income ETF (IYLD). 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.
| MDAA | IYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.44 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.85 | — |
| Martin ratioReturn relative to average drawdown | — | 11.17 | — |
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Drawdowns
MDAA vs. IYLD - Drawdown Comparison
The maximum MDAA drawdown since its inception was -14.59%, smaller than the maximum IYLD drawdown of -30.23%. Use the drawdown chart below to compare losses from any high point for MDAA and IYLD.
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Drawdown Indicators
| MDAA | IYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.59% | -30.23% | +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 | -7.31% | -0.18% | -7.13% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -4.49% | +0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.18% | — |
Volatility
MDAA vs. IYLD - Volatility Comparison
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Volatility by Period
| MDAA | IYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.40% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.76% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.54% | 5.78% | +18.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.54% | 7.88% | +16.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.54% | 9.54% | +15.00% |
MDAA vs. IYLD - Expense Ratio Comparison
MDAA has a 0.97% expense ratio, which is higher than IYLD's 0.60% expense ratio.
Dividends
MDAA vs. IYLD - Dividend Comparison
MDAA's dividend yield for the trailing twelve months is around 0.40%, less than IYLD's 4.61% 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
MDAA and IYLD have a correlation of 0.76, 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: Myriad and iShares. Their fees differ too: 0.97% for MDAA and 0.60% for IYLD.
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