QYLD vs. MRNY
Compare and contrast key facts about Global X NASDAQ 100 Covered Call ETF (QYLD) and YieldMax MRNA Option Income Strategy ETF (MRNY).
QYLD and MRNY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QYLD is a passively managed fund by Global X that tracks the performance of the CBOE NASDAQ-100 Buy Write V2. It was launched on Dec 12, 2013. MRNY is an actively managed fund by YieldMax. It was launched on Oct 23, 2023.
Performance
QYLD vs. MRNY - Performance Comparison
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QYLD vs. MRNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QYLD Global X NASDAQ 100 Covered Call ETF | 0.84% | 9.28% | 19.35% | 5.82% |
MRNY YieldMax MRNA Option Income Strategy ETF | 53.93% | -35.72% | -59.32% | 19.61% |
Returns By Period
In the year-to-date period, QYLD achieves a 0.84% return, which is significantly lower than MRNY's 53.93% return.
QYLD
- 1D
- 0.23%
- 1M
- -0.20%
- YTD
- 0.84%
- 6M
- 7.58%
- 1Y
- 16.15%
- 3Y*
- 13.21%
- 5Y*
- 7.06%
- 10Y*
- 8.97%
MRNY
- 1D
- -0.86%
- 1M
- 2.24%
- YTD
- 53.93%
- 6M
- 54.81%
- 1Y
- 52.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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QYLD vs. MRNY - Expense Ratio Comparison
QYLD has a 0.60% expense ratio, which is lower than MRNY's 0.99% expense ratio.
Return for Risk
QYLD vs. MRNY — Risk / Return Rank
QYLD
MRNY
QYLD vs. MRNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Covered Call ETF (QYLD) 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.
| QYLD | MRNY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 1.02 | -0.03 |
Sortino ratioReturn per unit of downside risk | 1.60 | 1.68 | -0.09 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.20 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.53 | 1.78 | -0.25 |
Martin ratioReturn relative to average drawdown | 10.09 | 3.56 | +6.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QYLD | MRNY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 1.02 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | -0.51 | +1.06 |
Correlation
The correlation between QYLD and MRNY is 0.31, 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.
Dividends
QYLD vs. MRNY - Dividend Comparison
QYLD's dividend yield for the trailing twelve months is around 11.83%, less than MRNY's 92.26% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QYLD Global X NASDAQ 100 Covered Call ETF | 11.83% | 11.55% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% |
MRNY YieldMax MRNA Option Income Strategy ETF | 92.26% | 145.98% | 178.49% | 1.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QYLD vs. MRNY - Drawdown Comparison
The maximum QYLD drawdown since its inception was -24.75%, smaller than the maximum MRNY drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for QYLD and MRNY.
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Drawdown Indicators
| QYLD | MRNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.75% | -82.15% | +57.40% |
Max Drawdown (1Y)Largest decline over 1 year | -7.31% | -31.53% | +24.22% |
Max Drawdown (5Y)Largest decline over 5 years | -24.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.75% | — | — |
Current DrawdownCurrent decline from peak | -1.61% | -67.59% | +65.98% |
Average DrawdownAverage peak-to-trough decline | -3.89% | -51.56% | +47.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 15.79% | -14.14% |
Volatility
QYLD vs. MRNY - Volatility Comparison
The current volatility for Global X NASDAQ 100 Covered Call ETF (QYLD) is 4.81%, while YieldMax MRNA Option Income Strategy ETF (MRNY) has a volatility of 12.41%. This indicates that QYLD 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.
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Volatility by Period
| QYLD | MRNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 12.41% | -7.60% |
Volatility (6M)Calculated over the trailing 6-month period | 7.50% | 39.37% | -31.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.42% | 51.86% | -35.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.84% | 51.36% | -36.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.51% | 51.36% | -35.85% |