RDYY vs. MRNY
RDYY (YieldMax RDDT Option Income Strategy ETF) and MRNY (YieldMax MRNA Option Income Strategy ETF) are both Derivative Income funds from YieldMax. Both are actively managed. At a 0.24 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.
Performance
RDYY vs. MRNY - Performance Comparison
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Returns By Period
In the year-to-date period, RDYY achieves a -17.89% return, which is significantly lower than MRNY's 77.31% return.
RDYY
- 1D
- -1.54%
- 1M
- 6.90%
- 6M
- -17.39%
- YTD
- -17.89%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MRNY
- 1D
- -1.79%
- 1M
- -0.71%
- 6M
- 33.77%
- YTD
- 77.31%
- 1Y
- 50.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RDYY vs. MRNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RDYY YieldMax RDDT Option Income Strategy ETF | -17.89% | -5.31% |
MRNY YieldMax MRNA Option Income Strategy ETF | 77.31% | 9.12% |
Correlation
The correlation between RDYY and MRNY is 0.24, 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 Sep 9, 2025 | 0.24 |
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Return for Risk
RDYY vs. MRNY — Risk / Return Rank
RDYY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MRNY
RDYY vs. MRNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax RDDT Option Income Strategy ETF (RDYY) 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.
| RDYY | MRNY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.20 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.62 | — |
| Martin ratioReturn relative to average drawdown | — | 3.11 | — |
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Drawdowns
RDYY vs. MRNY - Drawdown Comparison
The maximum RDYY drawdown since its inception was -51.16%, smaller than the maximum MRNY drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for RDYY and MRNY.
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Drawdown Indicators
| RDYY | MRNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.16% | -82.15% | +30.99% |
Max Drawdown (1Y)Largest decline over 1 year | — | -31.53% | — |
Current DrawdownCurrent decline from peak | -29.97% | -62.67% | +32.70% |
Average DrawdownAverage peak-to-trough decline | -28.70% | -53.00% | +24.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 16.43% | — |
Volatility
RDYY vs. MRNY - Volatility Comparison
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Volatility by Period
| RDYY | MRNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 21.26% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 38.69% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 55.49% | 53.20% | +2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.49% | 51.58% | +3.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.49% | 51.58% | +3.91% |
RDYY vs. MRNY - Expense Ratio Comparison
Both RDYY and MRNY have an expense ratio of 0.99%.
Dividends
RDYY vs. MRNY - Dividend Comparison
RDYY's dividend yield for the trailing twelve months is around 100.87%, more than MRNY's 86.15% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MRNY YieldMax MRNA Option Income Strategy ETF | 86.15% | 145.98% | 178.49% | 1.75% |
RDYY YieldMax RDDT Option Income Strategy ETF | 100.87% | 25.20% | 0.00% | 0.00% |
Frequently Asked Questions
RDYY and MRNY have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
RDYY and MRNY have the same expense ratio: 0.99% per year.
RDYY has the higher dividend yield at 100.87%, compared with 86.15% for MRNY.
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