SMCY vs. MPLX

Last updated Jun 5, 2026

SMCY (YieldMax SMCI Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax, while MPLX (MPLX LP) is a stock. Over the past year, SMCY returned 0.19% vs 19.39% for MPLX. At a 0.15 correlation, their price movements are largely independent.

Performance

SMCY vs. MPLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax SMCI Option Income Strategy ETF (SMCY) and MPLX LP (MPLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMCY achieves a 39.53% return, which is significantly higher than MPLX's 9.69% return.

SMCY

• 1D: -0.72%
• 1M: 49.28%
• YTD: 39.53%
• 6M: 24.49%
• 1Y: 0.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MPLX

• 1D: 1.92%
• 1M: 3.16%
• YTD: 9.69%
• 6M: 4.77%
• 1Y: 19.39%
• 3Y*: 28.89%
• 5Y*: 24.70%
• 10Y*: 15.21%

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

SMCY vs. MPLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SMCY YieldMax SMCI Option Income Strategy ETF	39.53%	-15.41%	-33.07%
MPLX MPLX LP	9.69%	20.54%	12.80%

Correlation

The correlation between SMCY and MPLX is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.02
Correlation (All Time) Calculated using the full available price history since Sep 13, 2024	0.15

The correlation between SMCY and MPLX shifts across timeframes, from 0.02 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SMCY vs. MPLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SMCY

SMCY Risk / Return Rank: 11
SMCY Sharpe Ratio Rank: 9
SMCY Sortino Ratio Rank: 12
SMCY Omega Ratio Rank: 14
SMCY Calmar Ratio Rank: 9
SMCY Martin Ratio Rank: 9

MPLX

MPLX Risk / Return Rank: 75
MPLX Sharpe Ratio Rank: 77
MPLX Sortino Ratio Rank: 71
MPLX Omega Ratio Rank: 69
MPLX Calmar Ratio Rank: 79
MPLX Martin Ratio Rank: 78

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.

SMCY vs. MPLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax SMCI Option Income Strategy ETF (SMCY) and MPLX LP (MPLX). 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.

	SMCY	MPLX	Difference
Sharpe ratio: Return per unit of total volatility	0.00	1.25	-1.25
Sortino ratio: Return per unit of downside risk	0.46	1.78	-1.32
Omega ratio: Gain probability vs. loss probability	1.07	1.21	-0.14
Calmar ratio: Return relative to maximum drawdown	0.00	2.53	-2.52
Martin ratio: Return relative to average drawdown	0.01	5.94	-5.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SMCY vs. MPLX - Sharpe Ratio Comparison

The current SMCY Sharpe Ratio is 0.00, which is lower than the MPLX Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of SMCY and MPLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SMCY	MPLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.00	1.25	-1.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.28	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.17	0.39	-0.56

Drawdowns

SMCY vs. MPLX - Drawdown Comparison

The maximum SMCY drawdown since its inception was -64.75%, smaller than the maximum MPLX drawdown of -85.72%. Use the drawdown chart below to compare losses from any high point for SMCY and MPLX.

Drawdown Indicators

	SMCY	MPLX	Difference
Max Drawdown Largest peak-to-trough decline	-64.75%	-85.72%	+20.97%
Max Drawdown (1Y) Largest decline over 1 year	-60.43%	-7.71%	-52.72%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.58%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-75.21%	—
Current Drawdown Current decline from peak	-32.73%	-2.96%	-29.77%
Average Drawdown Average peak-to-trough decline	-37.01%	-30.00%	-7.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.90%	3.27%	+31.63%

Volatility

SMCY vs. MPLX - Volatility Comparison

YieldMax SMCI Option Income Strategy ETF (SMCY) has a higher volatility of 24.80% compared to MPLX LP (MPLX) at 5.12%. This indicates that SMCY's price experiences larger fluctuations and is considered to be riskier than MPLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMCY	MPLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.80%	5.12%	+19.68%
Volatility (6M) Calculated over the trailing 6-month period	56.00%	11.66%	+44.34%
Volatility (1Y) Calculated over the trailing 1-year period	64.51%	15.68%	+48.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	77.45%	19.42%	+58.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	77.45%	30.66%	+46.79%

Dividends

SMCY vs. MPLX - Dividend Comparison

SMCY's dividend yield for the trailing twelve months is around 157.96%, more than MPLX's 7.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MPLX MPLX LP	7.43%	7.39%	7.33%	8.65%	8.80%	11.30%	12.70%	10.41%	8.22%	6.23%	5.86%	4.33%
SMCY YieldMax SMCI Option Income Strategy ETF	157.96%	231.43%	38.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SMCY and MPLX in my portfolio?

SMCY and MPLX have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SMCY or MPLX?

SMCY has higher volatility (24.80%) compared to MPLX (5.12%). In terms of maximum drawdown, SMCY dropped -64.75% vs MPLX's -85.72%.

Which has better risk-adjusted returns?

MPLX currently has the higher Sharpe Ratio (1.25 vs 0.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.