SCA vs. MRNY
SCA (GraniteShares Autocallable SMCI ETF) and MRNY (YieldMax MRNA Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.23, they often move in opposite directions. SCA charges 1.07%/yr vs 0.99%/yr for MRNY.
Performance
SCA vs. MRNY - Performance Comparison
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Returns By Period
SCA
- 1D
- -0.88%
- 1M
- -19.12%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MRNY
- 1D
- 7.93%
- 1M
- 43.65%
- 6M
- 109.83%
- YTD
- 117.77%
- 1Y
- 93.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SCA vs. MRNY - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
SCA GraniteShares Autocallable SMCI ETF | -15.79% |
MRNY YieldMax MRNA Option Income Strategy ETF | 50.02% |
Correlation
The correlation between SCA and MRNY is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 27, 2026 | -0.23 |
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Return for Risk
SCA vs. MRNY — Risk / Return Rank
SCA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MRNY
SCA vs. MRNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Autocallable SMCI ETF (SCA) 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.
| SCA | MRNY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.31 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.03 | — |
| Martin ratioReturn relative to average drawdown | — | 5.86 | — |
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Drawdowns
SCA vs. MRNY - Drawdown Comparison
The maximum SCA drawdown since its inception was -20.09%, smaller than the maximum MRNY drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for SCA and MRNY.
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Drawdown Indicators
| SCA | MRNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.09% | -82.15% | +62.06% |
Max Drawdown (1Y)Largest decline over 1 year | — | -31.53% | — |
Current DrawdownCurrent decline from peak | -20.09% | -54.16% | +34.07% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -52.93% | +43.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 16.26% | — |
Volatility
SCA vs. MRNY - Volatility Comparison
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Volatility by Period
| SCA | MRNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 18.08% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 39.60% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 49.51% | 52.25% | -2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.51% | 51.38% | -1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.51% | 51.38% | -1.87% |
SCA vs. MRNY - Expense Ratio Comparison
SCA has a 1.07% expense ratio, which is higher than MRNY's 0.99% expense ratio.
Dividends
SCA vs. MRNY - Dividend Comparison
SCA's dividend yield for the trailing twelve months is around 8.21%, less than MRNY's 73.03% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MRNY YieldMax MRNA Option Income Strategy ETF | 73.03% | 145.98% | 178.49% | 1.75% |
SCA GraniteShares Autocallable SMCI ETF | 8.21% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SCA and MRNY have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MRNY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MRNY is cheaper with a 0.99% expense ratio, compared with 1.07% for SCA.
MRNY has the higher dividend yield at 73.03%, compared with 8.21% for SCA.
They also come from different issuers: GraniteShares and YieldMax. Their fees differ too: 1.07% for SCA and 0.99% for MRNY.
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