NVDW vs. MRNY

Last updated Aug 2, 2026

NVDW (Roundhill NVDA WeeklyPay ETF) and MRNY (YieldMax MRNA Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, NVDW returned 13.25% vs 60.66% for MRNY. Their 0.07 correlation means their historical movements had little consistent relationship. Both charge a 0.99% expense ratio.

Performance

NVDW vs. MRNY - Performance Comparison

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

Returns By Period

In the year-to-date period, NVDW achieves a 6.34% return, which is significantly lower than MRNY's 60.69% return.

NVDW

• 1D: 3.90%
• 1M: 3.43%
• 6M: 3.83%
• YTD: 6.34%
• 1Y: 13.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 35.18%

MRNY

• 1D: -4.13%
• 1M: -26.21%
• 6M: 15.78%
• YTD: 60.69%
• 1Y: 60.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -22.32%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MRNY YieldMax MRNA Option Income Strategy ETF	$2.54M	$3.80M	$3.20M
NVDW Roundhill NVDA WeeklyPay ETF	$1.52M	$1.61M	$2.95M

NVDW vs. MRNY - Yearly Performance Comparison

	2026 (YTD)	2025
NVDW Roundhill NVDA WeeklyPay ETF	6.34%	33.44%
MRNY YieldMax MRNA Option Income Strategy ETF	60.69%	0.92%

Correlation

The correlation between NVDW and MRNY is 0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.08
Correlation (All Time) Calculated using the full available price history since Jun 2, 2025	0.07

Return for Risk

NVDW vs. MRNY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NVDW

NVDW Risk / Return Rank: 17
NVDW Sharpe Ratio Rank: 16
NVDW Sortino Ratio Rank: 19
NVDW Omega Ratio Rank: 18
NVDW Calmar Ratio Rank: 18
NVDW Martin Ratio Rank: 17

MRNY

MRNY Risk / Return Rank: 44
MRNY Sharpe Ratio Rank: 38
MRNY Sortino Ratio Rank: 46
MRNY Omega Ratio Rank: 42
MRNY Calmar Ratio Rank: 48
MRNY Martin Ratio Rank: 45

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NVDW vs. MRNY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill NVDA WeeklyPay ETF (NVDW) 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.

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.

	NVDW	MRNY	Difference
Sharpe ratio: Return per unit of total volatility	0.23	0.94	-0.71
Sortino ratio: Return per unit of downside risk	0.64	1.66	-1.02
Omega ratio: Gain probability vs. loss probability	1.07	1.20	-0.12
Calmar ratio: Return relative to maximum drawdown	0.40	1.73	-1.34
Martin ratio: Return relative to average drawdown	0.81	5.11	-4.30

NVDW vs. MRNY - Sharpe Ratio Comparison

The current NVDW Sharpe Ratio is 0.23, which is lower than the MRNY Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of NVDW and MRNY, 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

NVDW vs. MRNY - Drawdown Comparison

The maximum NVDW drawdown since its inception was -25.54%, smaller than the maximum MRNY drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for NVDW and MRNY.

Drawdown Indicators

	NVDW	MRNY	Difference
Max Drawdown Largest peak-to-trough decline	-25.54%	-82.15%	+56.61%
Max Drawdown (1Y) Largest decline over 1 year	-25.54%	-28.84%	+3.30%
Current Drawdown Current decline from peak	-18.07%	-66.17%	+48.10%
Average Drawdown Average peak-to-trough decline	-9.36%	-53.18%	+43.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.49%	11.47%	+1.02%

Volatility

NVDW vs. MRNY - Volatility Comparison

The current volatility for Roundhill NVDA WeeklyPay ETF (NVDW) is 14.31%, while YieldMax MRNA Option Income Strategy ETF (MRNY) has a volatility of 17.82%. This indicates that NVDW experiences smaller price fluctuations and is considered to be less risky than MRNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDW	MRNY	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.31%	17.82%	-3.51%
Volatility (6M) Calculated over the trailing 6-month period	33.63%	36.53%	-2.90%
Volatility (1Y) Calculated over the trailing 1-year period	43.58%	53.56%	-9.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.33%	51.54%	-9.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.33%	51.54%	-9.21%

NVDW vs. MRNY - Expense Ratio Comparison

Both NVDW and MRNY have an expense ratio of 0.99%.

Dividends

NVDW vs. MRNY - Dividend Comparison

NVDW's dividend yield for the trailing twelve months is around 62.58%, less than MRNY's 101.63% yield.

Position	TTM	2025	2024	2023
MRNY YieldMax MRNA Option Income Strategy ETF	101.63%	145.98%	178.49%	1.75%
NVDW Roundhill NVDA WeeklyPay ETF	62.58%	38.94%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NVDW and MRNY in my portfolio?

NVDW and MRNY have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NVDW or MRNY?

MRNY has higher volatility (17.82%) compared to NVDW (14.31%). In terms of maximum drawdown, NVDW dropped -25.54% vs MRNY's -82.15%.

Which ETF is better, NVDW or MRNY?

On 1-year performance, MRNY leads with 60.66% vs 13.25% for NVDW. Both ETFs have the same 0.99% expense ratio. On volatility, NVDW has been the lower-risk option at 14.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVDW or MRNY?

Over the 1-year period, MRNY has performed better with a 60.66% return vs 13.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVDW or MRNY?

NVDW and MRNY have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, NVDW or MRNY?

MRNY has the higher dividend yield at 101.63%, compared with 62.58% for NVDW.

What is the main difference between NVDW and MRNY?

They also come from different issuers: Roundhill and YieldMax.

Which has better risk-adjusted returns?

MRNY currently has the higher Sharpe Ratio (0.94 vs 0.23), 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.