MRNY vs. DBE
MRNY (YieldMax MRNA Option Income Strategy ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - MRNY is a Derivative Income fund actively managed by YieldMax, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. MRNY is actively managed, while DBE is passively managed. Over the past year, MRNY returned 66.65% vs 55.67% for DBE. Their -0.09 correlation means they have often moved in opposite directions in the past. MRNY charges 0.99%/yr vs 0.78%/yr for DBE.
Performance
MRNY vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, MRNY achieves a 67.49% return, which is significantly higher than DBE's 63.93% return.
MRNY
- 1D
- 2.95%
- 1M
- -23.09%
- 6M
- 24.37%
- YTD
- 67.49%
- 1Y
- 66.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -21.08%
DBE
- 1D
- -4.28%
- 1M
- 11.01%
- 6M
- 47.49%
- YTD
- 63.93%
- 1Y
- 55.67%
- 3Y*
- 13.55%
- 5Y*
- 16.46%
- 10Y*
- 11.75%
- ALL TIME*
- 2.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.35M | $1.09M | $1.64M | |
| $2.18M | $3.51M | $3.17M |
MRNY vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MRNY YieldMax MRNA Option Income Strategy ETF | 67.49% | -35.72% | -59.32% | 18.27% |
DBE Invesco DB Energy Fund | 63.93% | -2.17% | 2.96% | -14.04% |
Correlation
The correlation between MRNY and DBE is -0.21, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.21 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2023 | -0.09 |
The correlation between MRNY and DBE shifts across timeframes, from -0.21 (1 year) to -0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MRNY vs. DBE — Risk / Return Rank
MRNY
DBE
MRNY vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax MRNA Option Income Strategy ETF (MRNY) and Invesco DB Energy Fund (DBE). 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.
| MRNY | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.26 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 2.26 | +0.06 |
| Martin ratioReturn relative to average drawdown | 6.66 | 7.03 | -0.37 |
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Drawdowns
MRNY vs. DBE - Drawdown Comparison
The maximum MRNY drawdown since its inception was -82.15%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for MRNY and DBE.
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Drawdown Indicators
| MRNY | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.15% | -86.69% | +4.54% |
Max Drawdown (1Y)Largest decline over 1 year | -28.84% | -24.72% | -4.12% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.72% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -64.74% | -37.77% | -26.97% |
Average DrawdownAverage peak-to-trough decline | -53.22% | -57.12% | +3.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.03% | 7.95% | +2.08% |
Volatility
MRNY vs. DBE - Volatility Comparison
YieldMax MRNA Option Income Strategy ETF (MRNY) and Invesco DB Energy Fund (DBE) have volatilities of 15.84% and 15.88%, 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
| MRNY | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.84% | 15.88% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 36.23% | 33.82% | +2.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.67% | 37.86% | +14.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.51% | 30.19% | +21.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.51% | 28.64% | +22.87% |
MRNY vs. DBE - Expense Ratio Comparison
MRNY has a 0.99% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
MRNY vs. DBE - Dividend Comparison
MRNY's dividend yield for the trailing twelve months is around 97.50%, more than DBE's 2.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.36% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
MRNY YieldMax MRNA Option Income Strategy ETF | 97.50% | 145.98% | 178.49% | 1.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MRNY and DBE have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (15.88%) compared to MRNY (15.84%). In terms of maximum drawdown, MRNY dropped -82.15% vs DBE's -86.69%.
On 1-year performance, MRNY leads with 66.65% vs 55.67% for DBE. On fees, DBE is cheaper at 0.78% 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, MRNY has performed better with a 66.65% return vs 55.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBE is cheaper with a 0.78% expense ratio, compared with 0.99% for MRNY.
MRNY has the higher dividend yield at 97.50%, compared with 2.36% for DBE.
MRNY is categorized as Derivative Income, while DBE is Oil & Gas. They also come from different issuers: YieldMax and Invesco. Their fees differ too: 0.99% for MRNY and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.48 vs 1.27), 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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