SEPI vs. MRNY
SEPI (Shelton Equity Premium Income ETF) and MRNY (YieldMax MRNA Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. At a 0.32 correlation, their price movements are largely independent. SEPI charges 0.54%/yr vs 0.99%/yr for MRNY.
Performance
SEPI vs. MRNY - Performance Comparison
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Returns By Period
In the year-to-date period, SEPI achieves a 9.44% return, which is significantly lower than MRNY's 75.79% return.
SEPI
- 1D
- -0.61%
- 1M
- -0.08%
- YTD
- 9.44%
- 6M
- 9.06%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MRNY
- 1D
- 1.61%
- 1M
- 20.79%
- YTD
- 75.79%
- 6M
- 62.11%
- 1Y
- 74.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SEPI vs. MRNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SEPI Shelton Equity Premium Income ETF | 9.44% | 6.25% |
MRNY YieldMax MRNA Option Income Strategy ETF | 75.79% | 8.52% |
Correlation
The correlation between SEPI and MRNY is 0.32, 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 8, 2025 | 0.32 |
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Return for Risk
SEPI vs. MRNY — Risk / Return Rank
SEPI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MRNY
SEPI vs. MRNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shelton Equity Premium Income ETF (SEPI) 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.
| SEPI | MRNY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.26 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.37 | — |
| Martin ratioReturn relative to average drawdown | — | 4.58 | — |
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Drawdowns
SEPI vs. MRNY - Drawdown Comparison
The maximum SEPI drawdown since its inception was -7.66%, smaller than the maximum MRNY drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for SEPI and MRNY.
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Drawdown Indicators
| SEPI | MRNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.66% | -82.15% | +74.49% |
Max Drawdown (1Y)Largest decline over 1 year | — | -31.53% | — |
Current DrawdownCurrent decline from peak | -1.87% | -62.99% | +61.12% |
Average DrawdownAverage peak-to-trough decline | -1.45% | -52.86% | +51.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 16.26% | — |
Volatility
SEPI vs. MRNY - Volatility Comparison
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Volatility by Period
| SEPI | MRNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 15.74% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 39.32% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.84% | 51.06% | -38.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.84% | 51.05% | -38.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.84% | 51.05% | -38.21% |
SEPI vs. MRNY - Expense Ratio Comparison
SEPI has a 0.54% expense ratio, which is lower than MRNY's 0.99% expense ratio.
Dividends
SEPI vs. MRNY - Dividend Comparison
SEPI's dividend yield for the trailing twelve months is around 4.75%, less than MRNY's 82.61% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MRNY YieldMax MRNA Option Income Strategy ETF | 82.61% | 145.98% | 178.49% | 1.75% |
SEPI Shelton Equity Premium Income ETF | 4.75% | 1.37% | 0.00% | 0.00% |
Frequently Asked Questions
SEPI and MRNY have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SEPI is cheaper at 0.54% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SEPI is cheaper with a 0.54% expense ratio, compared with 0.99% for MRNY.
MRNY has the higher dividend yield at 82.61%, compared with 4.75% for SEPI.
They also come from different issuers: Shelton and YieldMax. Their fees differ too: 0.54% for SEPI and 0.99% for MRNY.
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