VAIE vs. MRNY

Last updated Jun 8, 2026

VAIE (VegaShares US Equity Autocallable Income ETF) and MRNY (YieldMax MRNA Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. At a 0.36 correlation, their price movements are largely independent.

Performance

VAIE vs. MRNY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VegaShares US Equity Autocallable Income ETF (VAIE) and YieldMax MRNA Option Income Strategy ETF (MRNY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VAIE

• 1D: -2.82%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MRNY

• 1D: -5.48%
• 1M: -8.37%
• YTD: 47.14%
• 6M: 49.33%
• 1Y: 43.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VAIE vs. MRNY - Yearly Performance Comparison

	2026 (YTD)
VAIE VegaShares US Equity Autocallable Income ETF	-0.75%
MRNY YieldMax MRNA Option Income Strategy ETF	-7.37%

Correlation

The correlation between VAIE and MRNY is 0.36, 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 May 13, 2026	0.36

Return for Risk

VAIE 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: 30
MRNY Sharpe Ratio Rank: 28
MRNY Sortino Ratio Rank: 33
MRNY Omega Ratio Rank: 31
MRNY Calmar Ratio Rank: 33
MRNY Martin Ratio Rank: 24

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.

VAIE vs. MRNY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VegaShares US Equity Autocallable Income ETF (VAIE) 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

	VAIE	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	-0.78	-0.51	-0.27

Drawdowns

VAIE vs. MRNY - Drawdown Comparison

The maximum VAIE drawdown since its inception was -3.28%, smaller than the maximum MRNY drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for VAIE and MRNY.

Drawdown Indicators

	VAIE	MRNY	Difference
Max Drawdown Largest peak-to-trough decline	-3.28%	-82.15%	+78.87%
Max Drawdown (1Y) Largest decline over 1 year	—	-31.53%	—
Current Drawdown Current decline from peak	-3.28%	-69.02%	+65.74%
Average Drawdown Average peak-to-trough decline	-0.59%	-52.66%	+52.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.17%	—

Volatility

Volatility by Period

	VAIE	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	13.93%	49.69%	-35.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.93%	50.82%	-36.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.93%	50.82%	-36.89%

Dividends

VAIE vs. MRNY - Dividend Comparison

VAIE's dividend yield for the trailing twelve months is around 0.96%, 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%
VAIE VegaShares US Equity Autocallable Income ETF	0.96%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VAIE and MRNY in my portfolio?

VAIE and MRNY have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

MRNY has the higher dividend yield at 105.86%, compared with 0.96% for VAIE.

What is the main difference between VAIE and MRNY?

They also come from different issuers: VegaShares and YieldMax.