MSTW vs. MRNY
MSTW (Roundhill MSTR WeeklyPay ETF) and MRNY (YieldMax MRNA Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. At a 0.26 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.
Performance
MSTW vs. MRNY - Performance Comparison
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Returns By Period
In the year-to-date period, MSTW achieves a -23.56% return, which is significantly lower than MRNY's 51.59% return.
MSTW
- 1D
- -8.54%
- 1M
- -36.78%
- YTD
- -23.56%
- 6M
- -41.29%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MRNY
- 1D
- 5.73%
- 1M
- 4.23%
- YTD
- 51.59%
- 6M
- 62.21%
- 1Y
- 47.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTW vs. MRNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSTW Roundhill MSTR WeeklyPay ETF | -23.56% | -71.42% |
MRNY YieldMax MRNA Option Income Strategy ETF | 51.59% | -17.61% |
Correlation
The correlation between MSTW and MRNY is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025 | 0.26 |
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Return for Risk
MSTW vs. MRNY — Risk / Return Rank
MSTW
MRNY
MSTW vs. MRNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill MSTR WeeklyPay ETF (MSTW) and YieldMax MRNA Option Income Strategy ETF (MRNY). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| MSTW | MRNY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.97 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.94 | -0.49 | -0.44 |
Drawdowns
MSTW vs. MRNY - Drawdown Comparison
The maximum MSTW drawdown since its inception was -81.85%, roughly equal to the maximum MRNY drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for MSTW and MRNY.
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Drawdown Indicators
| MSTW | MRNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.85% | -82.15% | +0.30% |
Max Drawdown (1Y)Largest decline over 1 year | — | -31.53% | — |
Current DrawdownCurrent decline from peak | -78.15% | -68.09% | -10.06% |
Average DrawdownAverage peak-to-trough decline | -54.49% | -52.62% | -1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 16.15% | — |
Volatility
MSTW vs. MRNY - Volatility Comparison
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Volatility by Period
| MSTW | MRNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 13.36% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 37.05% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 89.01% | 49.37% | +39.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.01% | 50.76% | +38.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.01% | 50.76% | +38.25% |
MSTW vs. MRNY - Expense Ratio Comparison
Both MSTW and MRNY have an expense ratio of 0.99%.
Dividends
MSTW vs. MRNY - Dividend Comparison
MSTW's dividend yield for the trailing twelve months is around 239.64%, more than MRNY's 100.06% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MRNY YieldMax MRNA Option Income Strategy ETF | 100.06% | 145.98% | 178.49% | 1.75% |
MSTW Roundhill MSTR WeeklyPay ETF | 239.64% | 106.94% | 0.00% | 0.00% |
Frequently Asked Questions
MSTW and MRNY have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
MSTW and MRNY have the same expense ratio: 0.99% per year.
MSTW has the higher dividend yield at 239.64%, compared with 100.06% for MRNY.
They also come from different issuers: Roundhill and YieldMax.
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