MRNY vs. JEPQ
Compare and contrast key facts about YieldMax MRNA Option Income Strategy ETF (MRNY) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
MRNY and JEPQ 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. JEPQ is an actively managed fund by JPMorgan Chase. It was launched on May 3, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MRNY or JEPQ.
Key characteristics
| MRNY | JEPQ | |
|---|---|---|
| YTD Return | -54.38% | 23.15% |
| 1Y Return | -38.63% | 30.52% |
| Sharpe Ratio | -0.91 | 2.44 |
| Sortino Ratio | -1.14 | 3.18 |
| Omega Ratio | 0.84 | 1.50 |
| Calmar Ratio | -0.64 | 2.79 |
| Martin Ratio | -1.35 | 12.07 |
| Ulcer Index | 29.66% | 2.48% |
| Daily Std Dev | 44.24% | 12.27% |
| Max Drawdown | -63.28% | -16.82% |
| Current Drawdown | -63.28% | 0.00% |
Correlation
The correlation between MRNY and JEPQ is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MRNY vs. JEPQ - Performance Comparison
In the year-to-date period, MRNY achieves a -54.38% return, which is significantly lower than JEPQ's 23.15% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MRNY vs. JEPQ - Expense Ratio Comparison
MRNY has a 0.99% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
MRNY vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax MRNA Option Income Strategy ETF (MRNY) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). 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.
Dividends
MRNY vs. JEPQ - Dividend Comparison
MRNY's dividend yield for the trailing twelve months is around 155.76%, more than JEPQ's 9.36% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
MRNY YieldMax MRNA Option Income Strategy ETF | 155.76% | 1.75% | 0.00% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.36% | 10.02% | 9.44% |
Drawdowns
MRNY vs. JEPQ - Drawdown Comparison
The maximum MRNY drawdown since its inception was -63.28%, which is greater than JEPQ's maximum drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for MRNY and JEPQ. For additional features, visit the drawdowns tool.
Volatility
MRNY vs. JEPQ - Volatility Comparison
YieldMax MRNA Option Income Strategy ETF (MRNY) has a higher volatility of 8.82% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 3.39%. This indicates that MRNY's price experiences larger fluctuations and is considered to be riskier than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.