RATE vs. MRNY
Compare and contrast key facts about Global X Interest Rate Hedge ETF (RATE) and YieldMax MRNA Option Income Strategy ETF (MRNY).
RATE and MRNY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RATE is an actively managed fund by Global X. It was launched on Jul 5, 2022. MRNY is an actively managed fund by YieldMax. It was launched on Oct 23, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RATE or MRNY.
Key characteristics
| RATE | MRNY | |
|---|---|---|
| YTD Return | 8.65% | -58.02% |
| 1Y Return | -9.61% | -44.04% |
| Sharpe Ratio | -0.37 | -0.97 |
| Sortino Ratio | -0.38 | -1.27 |
| Omega Ratio | 0.96 | 0.82 |
| Calmar Ratio | -0.33 | -0.66 |
| Martin Ratio | -0.69 | -1.45 |
| Ulcer Index | 13.65% | 29.95% |
| Daily Std Dev | 25.56% | 44.94% |
| Max Drawdown | -28.48% | -66.20% |
| Current Drawdown | -17.57% | -66.20% |
Correlation
The correlation between RATE and MRNY is -0.24. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
RATE vs. MRNY - Performance Comparison
In the year-to-date period, RATE achieves a 8.65% return, which is significantly higher than MRNY's -58.02% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RATE vs. MRNY - Expense Ratio Comparison
RATE has a 0.50% expense ratio, which is lower than MRNY's 0.99% expense ratio.
Risk-Adjusted Performance
RATE vs. MRNY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Interest Rate Hedge ETF (RATE) 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.
Dividends
RATE vs. MRNY - Dividend Comparison
RATE's dividend yield for the trailing twelve months is around 30.23%, less than MRNY's 169.25% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
RATE Global X Interest Rate Hedge ETF | 30.23% | 35.06% | 15.44% |
MRNY YieldMax MRNA Option Income Strategy ETF | 169.25% | 1.75% | 0.00% |
Drawdowns
RATE vs. MRNY - Drawdown Comparison
The maximum RATE drawdown since its inception was -28.48%, smaller than the maximum MRNY drawdown of -66.20%. Use the drawdown chart below to compare losses from any high point for RATE and MRNY. For additional features, visit the drawdowns tool.
Volatility
RATE vs. MRNY - Volatility Comparison
The current volatility for Global X Interest Rate Hedge ETF (RATE) is 9.37%, while YieldMax MRNA Option Income Strategy ETF (MRNY) has a volatility of 11.24%. This indicates that RATE 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.