QBY vs. MRNY
QBY (GraniteShares YieldBOOST QBTS ETF) and MRNY (YieldMax MRNA Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. At a 0.37 correlation, their price movements are largely independent. QBY charges 1.07%/yr vs 0.99%/yr for MRNY.
Performance
QBY vs. MRNY - Performance Comparison
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Returns By Period
In the year-to-date period, QBY achieves a -26.67% return, which is significantly lower than MRNY's 73.01% return.
QBY
- 1D
- 0.07%
- 1M
- 0.40%
- YTD
- -26.67%
- 6M
- -31.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MRNY
- 1D
- -5.43%
- 1M
- 18.88%
- YTD
- 73.01%
- 6M
- 50.42%
- 1Y
- 71.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QBY vs. MRNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QBY GraniteShares YieldBOOST QBTS ETF | -26.67% | -8.88% |
MRNY YieldMax MRNA Option Income Strategy ETF | 73.01% | 10.64% |
Correlation
The correlation between QBY and MRNY is 0.37, 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 Nov 25, 2025 | 0.37 |
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Return for Risk
QBY vs. MRNY — Risk / Return Rank
QBY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MRNY
QBY vs. MRNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST QBTS ETF (QBY) 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.
| QBY | MRNY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.26 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.28 | — |
| Martin ratioReturn relative to average drawdown | — | 4.41 | — |
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Drawdowns
QBY vs. MRNY - Drawdown Comparison
The maximum QBY drawdown since its inception was -38.93%, smaller than the maximum MRNY drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for QBY and MRNY.
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Drawdown Indicators
| QBY | MRNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.93% | -82.15% | +43.22% |
Max Drawdown (1Y)Largest decline over 1 year | — | -31.53% | — |
Current DrawdownCurrent decline from peak | -33.71% | -63.58% | +29.87% |
Average DrawdownAverage peak-to-trough decline | -25.96% | -52.84% | +26.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 16.26% | — |
Volatility
QBY vs. MRNY - Volatility Comparison
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Volatility by Period
| QBY | MRNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 15.83% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 39.31% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 31.87% | 51.14% | -19.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.87% | 51.08% | -19.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.87% | 51.08% | -19.21% |
QBY vs. MRNY - Expense Ratio Comparison
QBY has a 1.07% expense ratio, which is higher than MRNY's 0.99% expense ratio.
Dividends
QBY vs. MRNY - Dividend Comparison
QBY's dividend yield for the trailing twelve months is around 114.26%, more than MRNY's 83.94% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MRNY YieldMax MRNA Option Income Strategy ETF | 83.94% | 145.98% | 178.49% | 1.75% |
QBY GraniteShares YieldBOOST QBTS ETF | 114.26% | 15.05% | 0.00% | 0.00% |
Frequently Asked Questions
QBY and MRNY have a correlation of 0.37, 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 QBY.
QBY has the higher dividend yield at 114.26%, compared with 83.94% for MRNY.
They also come from different issuers: GraniteShares and YieldMax. Their fees differ too: 1.07% for QBY and 0.99% for MRNY.
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