QYLE vs. MRNY

Last updated Apr 2, 2026

Compare and contrast key facts about Global X NASDAQ 100 ESG Covered Call ETF (QYLE) and YieldMax MRNA Option Income Strategy ETF (MRNY).

QYLE and MRNY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QYLE is a passively managed fund by Global X that tracks the performance of the Nasdaq-100 ESG BuyWrite Index - Benchmark TR Gross. It was launched on Feb 21, 2023. MRNY is an actively managed fund by YieldMax. It was launched on Oct 23, 2023.

Performance

QYLE vs. MRNY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X NASDAQ 100 ESG Covered Call ETF (QYLE) and YieldMax MRNA Option Income Strategy ETF (MRNY). The values are adjusted to include any dividend payments, if applicable.

QYLE vs. MRNY - Yearly Performance Comparison

	2026 (YTD)
QYLE Global X NASDAQ 100 ESG Covered Call ETF	0.00%
MRNY YieldMax MRNA Option Income Strategy ETF	18.01%

Returns By Period

QYLE

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MRNY

• 1D: -1.18%
• 1M: -1.56%
• YTD: 55.26%
• 6M: 60.43%
• 1Y: 57.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QYLE vs. MRNY - Expense Ratio Comparison

QYLE has a 0.61% expense ratio, which is lower than MRNY's 0.99% expense ratio.

MRNY

YieldMax MRNA Option Income Strategy ETF

QYLE

Global X NASDAQ 100 ESG Covered Call ETF

Return for Risk

QYLE vs. MRNY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MRNY

MRNY Risk / Return Rank: 56
MRNY Sharpe Ratio Rank: 61
MRNY Sortino Ratio Rank: 68
MRNY Omega Ratio Rank: 56
MRNY Calmar Ratio Rank: 60
MRNY Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QYLE vs. MRNY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 ESG Covered Call ETF (QYLE) 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.

Sharpe Ratios by Period

	QYLE	MRNY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.50	—

Dividends

QYLE vs. MRNY - Dividend Comparison

QYLE has not paid dividends to shareholders, while MRNY's dividend yield for the trailing twelve months is around 88.60%.

	TTM	2025	2024	2023
QYLE Global X NASDAQ 100 ESG Covered Call ETF	0.00%	0.00%	0.00%	0.00%
MRNY YieldMax MRNA Option Income Strategy ETF	88.60%	145.98%	178.49%	1.75%

Drawdowns

QYLE vs. MRNY - Drawdown Comparison

The maximum QYLE drawdown since its inception was 0.00%, smaller than the maximum MRNY drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for QYLE and MRNY.

Drawdown Indicators

	QYLE	MRNY	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-82.15%	+82.15%
Max Drawdown (1Y) Largest decline over 1 year	—	-31.53%	—
Current Drawdown Current decline from peak	0.00%	-67.31%	+67.31%
Average Drawdown Average peak-to-trough decline	0.00%	-51.53%	+51.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	15.78%	—

Volatility

Volatility by Period

	QYLE	MRNY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	16.90%	—
Volatility (6M) Calculated over the trailing 6-month period	—	39.43%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	52.05%	-52.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	51.40%	-51.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	51.40%	-51.40%