SMCC vs. MRNY
SMCC (Defiance Leveraged Long + Income SMCI ETF) and MRNY (YieldMax MRNA Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. At a 0.16 correlation, their price movements are largely independent. SMCC charges 1.51%/yr vs 0.99%/yr for MRNY.
Performance
SMCC vs. MRNY - Performance Comparison
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Returns By Period
In the year-to-date period, SMCC achieves a 5.60% return, which is significantly lower than MRNY's 47.14% return.
SMCC
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 5.60%
- 6M
- -21.71%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MRNY
- 1D
- -5.48%
- 1M
- -0.56%
- YTD
- 47.14%
- 6M
- 49.33%
- 1Y
- 48.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMCC vs. MRNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMCC Defiance Leveraged Long + Income SMCI ETF | 5.60% | -57.43% |
MRNY YieldMax MRNA Option Income Strategy ETF | 47.14% | 2.83% |
Correlation
The correlation between SMCC and MRNY is 0.16, 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 Aug 21, 2025 | 0.16 |
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Return for Risk
SMCC vs. MRNY — Risk / Return Rank
SMCC
MRNY
SMCC vs. MRNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Leveraged Long + Income SMCI ETF (SMCC) 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.
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Sharpe Ratios by Period
| SMCC | MRNY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.98 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.87 | -0.51 | -0.36 |
Drawdowns
SMCC vs. MRNY - Drawdown Comparison
The maximum SMCC drawdown since its inception was -75.87%, smaller than the maximum MRNY drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for SMCC and MRNY.
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Drawdown Indicators
| SMCC | MRNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.87% | -82.15% | +6.28% |
Max Drawdown (1Y)Largest decline over 1 year | — | -31.53% | — |
Current DrawdownCurrent decline from peak | -72.90% | -69.02% | -3.88% |
Average DrawdownAverage peak-to-trough decline | -53.60% | -52.66% | -0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 16.17% | — |
Volatility
SMCC vs. MRNY - Volatility Comparison
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Volatility by Period
| SMCC | MRNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 14.57% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 37.45% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 75.90% | 49.69% | +26.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.90% | 50.82% | +25.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.90% | 50.82% | +25.08% |
SMCC vs. MRNY - Expense Ratio Comparison
SMCC has a 1.51% expense ratio, which is higher than MRNY's 0.99% expense ratio.
Dividends
SMCC vs. MRNY - Dividend Comparison
SMCC's dividend yield for the trailing twelve months is around 83.22%, less than MRNY's 105.86% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MRNY YieldMax MRNA Option Income Strategy ETF | 105.86% | 145.98% | 178.49% | 1.75% |
SMCC Defiance Leveraged Long + Income SMCI ETF | 83.22% | 79.22% | 0.00% | 0.00% |
Frequently Asked Questions
SMCC and MRNY have a correlation of 0.16, 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 1.51% for SMCC.
MRNY has the higher dividend yield at 105.86%, compared with 83.22% for SMCC.
They also come from different issuers: Defiance and YieldMax. Their fees differ too: 1.51% for SMCC and 0.99% for MRNY.
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