RJDI vs. MRNY

Last updated Jun 4, 2026

RJDI (RJ Eagle GCM Dividend Select Income ETF) and MRNY (YieldMax MRNA Option Income Strategy ETF) are both exchange-traded funds - RJDI is a Dividend fund actively managed by Carillon Tower Advisers, while MRNY is a Derivative Income fund actively managed by YieldMax. Both are actively managed. At a 0.29 correlation, their price movements are largely independent. RJDI charges 0.63%/yr vs 0.99%/yr for MRNY.

Performance

RJDI vs. MRNY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RJ Eagle GCM Dividend Select Income ETF (RJDI) and YieldMax MRNA Option Income Strategy ETF (MRNY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RJDI achieves a 15.60% return, which is significantly lower than MRNY's 51.59% return.

RJDI

• 1D: 0.28%
• 1M: 1.58%
• YTD: 15.60%
• 6M: 15.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MRNY

• 1D: 5.73%
• 1M: 4.23%
• YTD: 51.59%
• 6M: 62.21%
• 1Y: 47.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RJDI vs. MRNY - Yearly Performance Comparison

	2026 (YTD)	2025
RJDI RJ Eagle GCM Dividend Select Income ETF	15.60%	1.59%
MRNY YieldMax MRNA Option Income Strategy ETF	51.59%	0.57%

Correlation

The correlation between RJDI and MRNY is 0.29, 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 Oct 3, 2025	0.29

Return for Risk

RJDI 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: 28
MRNY Sharpe Ratio Rank: 27
MRNY Sortino Ratio Rank: 31
MRNY Omega Ratio Rank: 29
MRNY Calmar Ratio Rank: 30
MRNY Martin Ratio Rank: 23

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.

RJDI vs. MRNY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RJ Eagle GCM Dividend Select Income ETF (RJDI) 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

	RJDI	MRNY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.17	-0.49	+2.66

Drawdowns

RJDI vs. MRNY - Drawdown Comparison

The maximum RJDI drawdown since its inception was -7.05%, smaller than the maximum MRNY drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for RJDI and MRNY.

Drawdown Indicators

	RJDI	MRNY	Difference
Max Drawdown Largest peak-to-trough decline	-7.05%	-82.15%	+75.10%
Max Drawdown (1Y) Largest decline over 1 year	—	-31.53%	—
Current Drawdown Current decline from peak	-0.47%	-68.09%	+67.62%
Average Drawdown Average peak-to-trough decline	-1.43%	-52.62%	+51.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.15%	—

Volatility

Volatility by Period

	RJDI	MRNY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	37.05%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.71%	49.37%	-36.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.71%	50.76%	-38.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.71%	50.76%	-38.05%

RJDI vs. MRNY - Expense Ratio Comparison

RJDI has a 0.63% expense ratio, which is lower than MRNY's 0.99% expense ratio.

Dividends

RJDI vs. MRNY - Dividend Comparison

RJDI's dividend yield for the trailing twelve months is around 0.53%, less than MRNY's 100.06% yield.

Position	TTM	2025	2024	2023
MRNY YieldMax MRNA Option Income Strategy ETF	100.06%	145.98%	178.49%	1.75%
RJDI RJ Eagle GCM Dividend Select Income ETF	0.53%	0.23%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RJDI and MRNY in my portfolio?

RJDI and MRNY have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RJDI or MRNY?

On fees, RJDI is cheaper at 0.63% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RJDI or MRNY?

RJDI is cheaper with a 0.63% expense ratio, compared with 0.99% for MRNY.

Which ETF pays a higher dividend yield, RJDI or MRNY?

MRNY has the higher dividend yield at 100.06%, compared with 0.53% for RJDI.

What is the main difference between RJDI and MRNY?

RJDI is categorized as Dividend, while MRNY is Derivative Income. They also come from different issuers: Carillon Tower Advisers and YieldMax. Their fees differ too: 0.63% for RJDI and 0.99% for MRNY.