MRNY vs. PSILX

Last updated Jun 16, 2026

MRNY (YieldMax MRNA Option Income Strategy ETF) and PSILX (T. Rowe Price Spectrum International Equity Fund) are both funds - MRNY is a Derivative Income fund actively managed by YieldMax, while PSILX is a Foreign Large Cap Equities fund managed by T. Rowe Price. Over the past year, MRNY returned 53.54% vs 27.05% for PSILX. At a 0.40 correlation, their price movements are largely independent. MRNY charges 0.99%/yr vs 0.89%/yr for PSILX.

Performance

MRNY vs. PSILX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax MRNA Option Income Strategy ETF (MRNY) and T. Rowe Price Spectrum International Equity Fund (PSILX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MRNY achieves a 56.58% return, which is significantly higher than PSILX's 12.26% return.

MRNY

• 1D: 2.91%
• 1M: 5.64%
• YTD: 56.58%
• 6M: 51.42%
• 1Y: 53.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PSILX

• 1D: 0.46%
• 1M: 3.76%
• YTD: 12.26%
• 6M: 14.02%
• 1Y: 27.05%
• 3Y*: 16.34%
• 5Y*: 6.27%
• 10Y*: 8.88%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MRNY vs. PSILX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MRNY YieldMax MRNA Option Income Strategy ETF	56.58%	-35.72%	-59.32%	18.27%
PSILX T. Rowe Price Spectrum International Equity Fund	12.26%	30.30%	4.28%	13.64%

Correlation

The correlation between MRNY and PSILX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (All Time) Calculated using the full available price history since Oct 24, 2023	0.40

Return for Risk

MRNY vs. PSILX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MRNY

MRNY Risk / Return Rank: 34
MRNY Sharpe Ratio Rank: 32
MRNY Sortino Ratio Rank: 38
MRNY Omega Ratio Rank: 34
MRNY Calmar Ratio Rank: 37
MRNY Martin Ratio Rank: 26

PSILX

PSILX Risk / Return Rank: 40
PSILX Sharpe Ratio Rank: 40
PSILX Sortino Ratio Rank: 39
PSILX Omega Ratio Rank: 43
PSILX Calmar Ratio Rank: 37
PSILX Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MRNY vs. PSILX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax MRNA Option Income Strategy ETF (MRNY) and T. Rowe Price Spectrum International Equity Fund (PSILX). 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	PSILX	Difference
Sharpe ratio: Return per unit of total volatility	1.08	1.59	-0.51
Sortino ratio: Return per unit of downside risk	1.81	2.25	-0.44
Omega ratio: Gain probability vs. loss probability	1.21	1.30	-0.09
Calmar ratio: Return relative to maximum drawdown	1.71	2.04	-0.33
Martin ratio: Return relative to average drawdown	3.30	7.72	-4.41

MRNY vs. PSILX - Sharpe Ratio Comparison

The current MRNY Sharpe Ratio is 1.08, which is lower than the PSILX Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of MRNY and PSILX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MRNY vs. PSILX - Drawdown Comparison

The maximum MRNY drawdown since its inception was -82.15%, which is greater than PSILX's maximum drawdown of -61.38%. Use the drawdown chart below to compare losses from any high point for MRNY and PSILX.

Drawdown Indicators

	MRNY	PSILX	Difference
Max Drawdown Largest peak-to-trough decline	-82.15%	-61.38%	-20.77%
Max Drawdown (1Y) Largest decline over 1 year	-31.53%	-12.72%	-18.81%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.70%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.13%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.33%	—
Current Drawdown Current decline from peak	-67.04%	-1.66%	-65.38%
Average Drawdown Average peak-to-trough decline	-52.78%	-14.05%	-38.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.25%	3.32%	+12.93%

Volatility

MRNY vs. PSILX - Volatility Comparison

YieldMax MRNA Option Income Strategy ETF (MRNY) has a higher volatility of 12.97% compared to T. Rowe Price Spectrum International Equity Fund (PSILX) at 6.70%. This indicates that MRNY's price experiences larger fluctuations and is considered to be riskier than PSILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MRNY	PSILX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.97%	6.70%	+6.27%
Volatility (6M) Calculated over the trailing 6-month period	37.72%	14.03%	+23.69%
Volatility (1Y) Calculated over the trailing 1-year period	49.94%	16.33%	+33.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.72%	15.94%	+34.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.72%	16.28%	+34.44%

MRNY vs. PSILX - Expense Ratio Comparison

MRNY has a 0.99% expense ratio, which is higher than PSILX's 0.89% expense ratio.

Dividends

MRNY vs. PSILX - Dividend Comparison

MRNY's dividend yield for the trailing twelve months is around 102.17%, more than PSILX's 4.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MRNY YieldMax MRNA Option Income Strategy ETF	102.17%	145.98%	178.49%	1.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PSILX T. Rowe Price Spectrum International Equity Fund	4.83%	5.42%	2.04%	1.88%	6.67%	3.49%	0.88%	3.49%	6.69%	0.58%	0.17%	0.08%

Frequently Asked Questions

Can I hold both MRNY and PSILX in my portfolio?

MRNY and PSILX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MRNY or PSILX?

MRNY has higher volatility (12.97%) compared to PSILX (6.70%). In terms of maximum drawdown, MRNY dropped -82.15% vs PSILX's -61.38%.

Which has better risk-adjusted returns?

PSILX currently has the higher Sharpe Ratio (1.59 vs 1.08), 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.