MRNY vs. PLTY
MRNY (YieldMax MRNA Option Income Strategy ETF) and PLTY (YieldMax PLTR Option Income Strategy ETF) are both Derivative Income funds from YieldMax. Both are actively managed. Over the past year, MRNY returned 66.65% vs 3.59% for PLTY. Their 0.22 correlation means their historical movements had little consistent relationship. Both charge a 0.99% expense ratio.
Performance
MRNY vs. PLTY - 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 PLTY's -1.51% return.
MRNY
- 1D
- 2.95%
- 1M
- -23.09%
- 6M
- 24.37%
- YTD
- 67.49%
- 1Y
- 66.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -21.08%
PLTY
- 1D
- 26.22%
- 1M
- 24.29%
- 6M
- 9.51%
- YTD
- -1.51%
- 1Y
- 3.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 71.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.18M | $3.51M | $3.17M | |
| $5.91M | $4.78M | $6.02M |
MRNY vs. PLTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MRNY YieldMax MRNA Option Income Strategy ETF | 67.49% | -35.72% | -23.54% |
PLTY YieldMax PLTR Option Income Strategy ETF | -1.51% | 78.06% | 52.50% |
Correlation
The correlation between MRNY and PLTY is 0.18, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2024 | 0.22 |
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Return for Risk
MRNY vs. PLTY — Risk / Return Rank
MRNY
PLTY
MRNY vs. PLTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax MRNA Option Income Strategy ETF (MRNY) and YieldMax PLTR Option Income Strategy ETF (PLTY). 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 | PLTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.20 | ||
| Sortino ratioReturn per unit of downside risk | +1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.06 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 0.09 | +2.24 |
| Martin ratioReturn relative to average drawdown | 6.66 | 0.16 | +6.50 |
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Drawdowns
MRNY vs. PLTY - Drawdown Comparison
The maximum MRNY drawdown since its inception was -82.15%, which is greater than PLTY's maximum drawdown of -41.36%. Use the drawdown chart below to compare losses from any high point for MRNY and PLTY.
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Drawdown Indicators
| MRNY | PLTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.15% | -41.36% | -40.79% |
Max Drawdown (1Y)Largest decline over 1 year | -28.84% | -41.36% | +12.52% |
Current DrawdownCurrent decline from peak | -64.74% | -14.58% | -50.16% |
Average DrawdownAverage peak-to-trough decline | -53.22% | -14.45% | -38.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.03% | 21.89% | -11.86% |
Volatility
MRNY vs. PLTY - Volatility Comparison
The current volatility for YieldMax MRNA Option Income Strategy ETF (MRNY) is 15.84%, while YieldMax PLTR Option Income Strategy ETF (PLTY) has a volatility of 25.89%. This indicates that MRNY experiences smaller price fluctuations and is considered to be less risky than PLTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MRNY | PLTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.84% | 25.89% | -10.05% |
Volatility (6M)Calculated over the trailing 6-month period | 36.23% | 41.24% | -5.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.67% | 51.24% | +1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.51% | 55.59% | -4.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.51% | 55.59% | -4.08% |
MRNY vs. PLTY - Expense Ratio Comparison
Both MRNY and PLTY have an expense ratio of 0.99%.
Dividends
MRNY vs. PLTY - Dividend Comparison
MRNY's dividend yield for the trailing twelve months is around 97.50%, more than PLTY's 96.31% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MRNY YieldMax MRNA Option Income Strategy ETF | 97.50% | 145.98% | 178.49% | 1.75% |
PLTY YieldMax PLTR Option Income Strategy ETF | 96.31% | 112.44% | 7.85% | 0.00% |
Frequently Asked Questions
MRNY and PLTY have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLTY has higher volatility (25.89%) compared to MRNY (15.84%). In terms of maximum drawdown, MRNY dropped -82.15% vs PLTY's -41.36%.
On 1-year performance, MRNY leads with 66.65% vs 3.59% for PLTY. Both ETFs have the same 0.99% expense ratio. On volatility, MRNY has been the lower-risk option at 15.84%. 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 3.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MRNY and PLTY have the same expense ratio: 0.99% per year.
MRNY has the higher dividend yield at 97.50%, compared with 96.31% for PLTY.
MRNY currently has the higher Sharpe Ratio (1.27 vs 0.07), 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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