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MRNY vs. YMAG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

MRNY vs. YMAG

Last updated May 11, 2025

Compare and contrast key facts about YieldMax MRNA Option Income Strategy ETF (MRNY) and YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG).

MRNY and YMAG 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. YMAG is an actively managed fund by YieldMax. It was launched on Jan 29, 2024.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MRNY or YMAG.

Correlation

The correlation between MRNY and YMAG is 0.35, 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. YMAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax MRNA Option Income Strategy ETF (MRNY) and YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

MRNY:

-1.41

YMAG:

0.45

Sortino Ratio

MRNY:

-2.86

YMAG:

0.75

Omega Ratio

MRNY:

0.63

YMAG:

1.11

Calmar Ratio

MRNY:

-0.97

YMAG:

0.42

Martin Ratio

MRNY:

-1.34

YMAG:

1.23

Ulcer Index

MRNY:

59.00%

YMAG:

8.99%

Daily Std Dev

MRNY:

56.23%

YMAG:

25.25%

Max Drawdown

MRNY:

-80.93%

YMAG:

-25.96%

Current Drawdown

MRNY:

-80.76%

YMAG:

-13.54%

Returns By Period

In the year-to-date period, MRNY achieves a -41.25% return, which is significantly lower than YMAG's -9.66% return.

MRNY

YTD

-41.25%

1M

0.30%

6M

-47.61%

1Y

-78.25%

5Y*

N/A

10Y*

N/A

YMAG

YTD

-9.66%

1M

8.90%

6M

-6.57%

1Y

11.46%

5Y*

N/A

10Y*

N/A

*Annualized

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MRNY vs. YMAG - Expense Ratio Comparison

MRNY has a 0.99% expense ratio, which is lower than YMAG's 1.28% expense ratio.

YMAG
YieldMax Magnificent 7 Fund of Option Income ETFs
MRNY
YieldMax MRNA Option Income Strategy ETF

Risk-Adjusted Performance

MRNY vs. YMAG — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MRNY
The Risk-Adjusted Performance Rank of MRNY is 00
Overall Rank
The Sharpe Ratio Rank of MRNY is 00
Sharpe Ratio Rank
The Sortino Ratio Rank of MRNY is 00
Sortino Ratio Rank
The Omega Ratio Rank of MRNY is 00
Omega Ratio Rank
The Calmar Ratio Rank of MRNY is 00
Calmar Ratio Rank
The Martin Ratio Rank of MRNY is 22
Martin Ratio Rank
YMAG
The Risk-Adjusted Performance Rank of YMAG is 5353
Overall Rank
The Sharpe Ratio Rank of YMAG is 5454
Sharpe Ratio Rank
The Sortino Ratio Rank of YMAG is 5353
Sortino Ratio Rank
The Omega Ratio Rank of YMAG is 5353
Omega Ratio Rank
The Calmar Ratio Rank of YMAG is 5656
Calmar Ratio Rank
The Martin Ratio Rank of YMAG is 4747
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

MRNY vs. YMAG - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax MRNA Option Income Strategy ETF (MRNY) and YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG). 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.

The current MRNY Sharpe Ratio is -1.41, which is lower than the YMAG Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of MRNY and YMAG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

MRNY vs. YMAG - Dividend Comparison

MRNY's dividend yield for the trailing twelve months is around 186.36%, more than YMAG's 50.06% yield.

TTM20242023
MRNY
YieldMax MRNA Option Income Strategy ETF		186.36%178.49%1.75%
YMAG
YieldMax Magnificent 7 Fund of Option Income ETFs		50.06%35.22%0.00%

Drawdowns

MRNY vs. YMAG - Drawdown Comparison

The maximum MRNY drawdown since its inception was -80.93%, which is greater than YMAG's maximum drawdown of -25.96%. Use the drawdown chart below to compare losses from any high point for MRNY and YMAG. For additional features, visit the drawdowns tool.

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Volatility

MRNY vs. YMAG - Volatility Comparison

YieldMax MRNA Option Income Strategy ETF (MRNY) has a higher volatility of 16.24% compared to YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) at 8.35%. This indicates that MRNY's price experiences larger fluctuations and is considered to be riskier than YMAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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