MRNY vs. AMZW
MRNY (YieldMax MRNA Option Income Strategy ETF) and AMZW (Roundhill AMZN WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.09 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.
Performance
MRNY vs. AMZW - Performance Comparison
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Returns By Period
In the year-to-date period, MRNY achieves a 55.67% return, which is significantly higher than AMZW's 9.45% return.
MRNY
- 1D
- 2.69%
- 1M
- 7.98%
- YTD
- 55.67%
- 6M
- 64.78%
- 1Y
- 53.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AMZW
- 1D
- 1.79%
- 1M
- -9.25%
- YTD
- 9.45%
- 6M
- 9.86%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MRNY vs. AMZW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MRNY YieldMax MRNA Option Income Strategy ETF | 55.67% | 1.34% |
AMZW Roundhill AMZN WeeklyPay ETF | 9.45% | 7.33% |
Correlation
The correlation between MRNY and AMZW is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 20, 2025 | 0.09 |
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Return for Risk
MRNY vs. AMZW — Risk / Return Rank
MRNY
AMZW
MRNY vs. AMZW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax MRNA Option Income Strategy ETF (MRNY) and Roundhill AMZN WeeklyPay ETF (AMZW). 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.
| MRNY | AMZW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.22 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | — | — |
| Martin ratioReturn relative to average drawdown | 3.31 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MRNY | AMZW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.48 | 0.50 | -0.98 |
Drawdowns
MRNY vs. AMZW - Drawdown Comparison
The maximum MRNY drawdown since its inception was -82.15%, which is greater than AMZW's maximum drawdown of -26.79%. Use the drawdown chart below to compare losses from any high point for MRNY and AMZW.
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Drawdown Indicators
| MRNY | AMZW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.15% | -26.79% | -55.36% |
Max Drawdown (1Y)Largest decline over 1 year | -31.53% | — | — |
Current DrawdownCurrent decline from peak | -67.23% | -9.87% | -57.36% |
Average DrawdownAverage peak-to-trough decline | -52.64% | -8.90% | -43.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.15% | — | — |
Volatility
MRNY vs. AMZW - Volatility Comparison
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Volatility by Period
| MRNY | AMZW | 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 | 49.38% | 36.95% | +12.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.75% | 36.95% | +13.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.75% | 36.95% | +13.80% |
MRNY vs. AMZW - Expense Ratio Comparison
Both MRNY and AMZW have an expense ratio of 0.99%.
Dividends
MRNY vs. AMZW - Dividend Comparison
MRNY's dividend yield for the trailing twelve months is around 100.06%, more than AMZW's 42.29% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AMZW Roundhill AMZN WeeklyPay ETF | 42.29% | 25.29% | 0.00% | 0.00% |
MRNY YieldMax MRNA Option Income Strategy ETF | 100.06% | 145.98% | 178.49% | 1.75% |
Frequently Asked Questions
MRNY and AMZW have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
MRNY and AMZW have the same expense ratio: 0.99% per year.
MRNY has the higher dividend yield at 100.06%, compared with 42.29% for AMZW.
They also come from different issuers: YieldMax and Roundhill.
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