MRNY vs. RATE
Compare and contrast key facts about YieldMax MRNA Option Income Strategy ETF (MRNY) and Global X Interest Rate Hedge ETF (RATE).
MRNY and RATE 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. RATE is an actively managed fund by Global X. It was launched on Jul 5, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MRNY or RATE.
Key characteristics
| MRNY | RATE | |
|---|---|---|
| YTD Return | -58.02% | 8.65% |
| 1Y Return | -44.04% | -9.61% |
| Sharpe Ratio | -0.97 | -0.37 |
| Sortino Ratio | -1.27 | -0.38 |
| Omega Ratio | 0.82 | 0.96 |
| Calmar Ratio | -0.66 | -0.33 |
| Martin Ratio | -1.45 | -0.69 |
| Ulcer Index | 29.95% | 13.65% |
| Daily Std Dev | 44.94% | 25.56% |
| Max Drawdown | -66.20% | -28.48% |
| Current Drawdown | -66.20% | -17.57% |
Correlation
The correlation between MRNY and RATE is -0.24. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
MRNY vs. RATE - Performance Comparison
In the year-to-date period, MRNY achieves a -58.02% return, which is significantly lower than RATE's 8.65% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MRNY vs. RATE - Expense Ratio Comparison
MRNY has a 0.99% expense ratio, which is higher than RATE's 0.50% expense ratio.
Risk-Adjusted Performance
MRNY vs. RATE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax MRNA Option Income Strategy ETF (MRNY) and Global X Interest Rate Hedge ETF (RATE). 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. RATE - Dividend Comparison
MRNY's dividend yield for the trailing twelve months is around 169.25%, more than RATE's 30.23% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
MRNY YieldMax MRNA Option Income Strategy ETF | 169.25% | 1.75% | 0.00% |
RATE Global X Interest Rate Hedge ETF | 30.23% | 35.06% | 15.44% |
Drawdowns
MRNY vs. RATE - Drawdown Comparison
The maximum MRNY drawdown since its inception was -66.20%, which is greater than RATE's maximum drawdown of -28.48%. Use the drawdown chart below to compare losses from any high point for MRNY and RATE. For additional features, visit the drawdowns tool.
Volatility
MRNY vs. RATE - Volatility Comparison
YieldMax MRNA Option Income Strategy ETF (MRNY) has a higher volatility of 11.24% compared to Global X Interest Rate Hedge ETF (RATE) at 9.37%. This indicates that MRNY's price experiences larger fluctuations and is considered to be riskier than RATE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.