MRNY vs. FBY
Compare and contrast key facts about YieldMax MRNA Option Income Strategy ETF (MRNY) and YieldMax META Option Income ETF (FBY).
MRNY and FBY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MRNY is an actively managed fund by YieldMax. It was launched on Oct 23, 2023. FBY is an actively managed fund by YieldMax. It was launched on Jul 27, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MRNY or FBY.
Correlation
The correlation between MRNY and FBY is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MRNY vs. FBY - Performance Comparison
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Key characteristics
MRNY:
-1.42
FBY:
0.80
MRNY:
-2.93
FBY:
1.40
MRNY:
0.63
FBY:
1.19
MRNY:
-0.98
FBY:
0.87
MRNY:
-1.33
FBY:
2.74
MRNY:
59.86%
FBY:
10.02%
MRNY:
56.12%
FBY:
29.95%
MRNY:
-81.09%
FBY:
-31.53%
MRNY:
-81.09%
FBY:
-15.47%
Returns By Period
In the year-to-date period, MRNY achieves a -42.26% return, which is significantly lower than FBY's -0.62% return.
MRNY
-42.26%
-8.19%
-40.25%
-79.86%
N/A
N/A
FBY
-0.62%
15.86%
0.92%
23.83%
N/A
N/A
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MRNY vs. FBY - Expense Ratio Comparison
Both MRNY and FBY have an expense ratio of 0.99%.
Risk-Adjusted Performance
MRNY vs. FBY — Risk-Adjusted Performance Rank
MRNY
FBY
MRNY vs. FBY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax MRNA Option Income Strategy ETF (MRNY) and YieldMax META Option Income ETF (FBY). 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.
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Dividends
MRNY vs. FBY - Dividend Comparison
MRNY's dividend yield for the trailing twelve months is around 189.62%, more than FBY's 45.87% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
MRNY YieldMax MRNA Option Income Strategy ETF | 189.62% | 178.49% | 1.75% |
FBY YieldMax META Option Income ETF | 45.87% | 53.90% | 8.31% |
Drawdowns
MRNY vs. FBY - Drawdown Comparison
The maximum MRNY drawdown since its inception was -81.09%, which is greater than FBY's maximum drawdown of -31.53%. Use the drawdown chart below to compare losses from any high point for MRNY and FBY. For additional features, visit the drawdowns tool.
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Volatility
MRNY vs. FBY - Volatility Comparison
YieldMax MRNA Option Income Strategy ETF (MRNY) has a higher volatility of 14.10% compared to YieldMax META Option Income ETF (FBY) at 10.61%. This indicates that MRNY's price experiences larger fluctuations and is considered to be riskier than FBY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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