PLA vs. MRNY
PLA (GraniteShares Autocallable PLTR ETF) and MRNY (YieldMax MRNA Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. At a 0.25 correlation, their price movements are largely independent. PLA charges 1.07%/yr vs 0.99%/yr for MRNY.
Performance
PLA vs. MRNY - Performance Comparison
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Returns By Period
PLA
- 1D
- 0.63%
- 1M
- 2.79%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
MRNY
- 1D
- -2.68%
- 1M
- -5.68%
- 6M
- 30.19%
- YTD
- 72.56%
- 1Y
- 49.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -20.50%
PLA vs. MRNY - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
PLA GraniteShares Autocallable PLTR ETF | 1.66% |
MRNY YieldMax MRNA Option Income Strategy ETF | 17.38% |
Correlation
The correlation between PLA and MRNY is 0.25, 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 May 19, 2026 | 0.25 |
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Return for Risk
PLA vs. MRNY — Risk / Return Rank
PLA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MRNY
PLA vs. MRNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Autocallable PLTR ETF (PLA) 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.
| PLA | MRNY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.19 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.57 | — |
| Martin ratioReturn relative to average drawdown | — | 3.00 | — |
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Drawdowns
PLA vs. MRNY - Drawdown Comparison
The maximum PLA drawdown since its inception was -12.39%, smaller than the maximum MRNY drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for PLA and MRNY.
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Drawdown Indicators
| PLA | MRNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.39% | -82.15% | +69.76% |
Max Drawdown (1Y)Largest decline over 1 year | — | -31.53% | — |
Current DrawdownCurrent decline from peak | -2.90% | -63.67% | +60.77% |
Average DrawdownAverage peak-to-trough decline | -4.36% | -53.02% | +48.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 16.49% | — |
Volatility
PLA vs. MRNY - Volatility Comparison
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Volatility by Period
| PLA | MRNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 19.71% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 38.75% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.73% | 53.35% | -30.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.73% | 51.57% | -28.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.73% | 51.57% | -28.84% |
PLA vs. MRNY - Expense Ratio Comparison
PLA has a 1.07% expense ratio, which is higher than MRNY's 0.99% expense ratio.
Dividends
PLA vs. MRNY - Dividend Comparison
PLA's dividend yield for the trailing twelve months is around 3.55%, less than MRNY's 88.52% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MRNY YieldMax MRNA Option Income Strategy ETF | 88.52% | 145.98% | 178.49% | 1.75% |
PLA GraniteShares Autocallable PLTR ETF | 3.55% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PLA and MRNY have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MRNY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MRNY is cheaper with a 0.99% expense ratio, compared with 1.07% for PLA.
MRNY has the higher dividend yield at 88.52%, compared with 3.55% for PLA.
They also come from different issuers: GraniteShares and YieldMax. Their fees differ too: 1.07% for PLA and 0.99% for MRNY.
Find the right allocation for PLA and MRNY
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