WPAY vs. MRNY

Last updated Apr 2, 2026

Compare and contrast key facts about Roundhill WeeklyPay™ Universe ETF (WPAY) and YieldMax MRNA Option Income Strategy ETF (MRNY).

WPAY and MRNY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WPAY is a passively managed fund by Roundhill that tracks the performance of the Solactive Roundhill WeeklyPay™ Universe Index. It was launched on Sep 3, 2025. MRNY is an actively managed fund by YieldMax. It was launched on Oct 23, 2023.

Performance

WPAY vs. MRNY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill WeeklyPay™ Universe ETF (WPAY) and YieldMax MRNA Option Income Strategy ETF (MRNY). The values are adjusted to include any dividend payments, if applicable.

WPAY vs. MRNY - Yearly Performance Comparison

	2026 (YTD)	2025
WPAY Roundhill WeeklyPay™ Universe ETF	-10.65%	-2.47%
MRNY YieldMax MRNA Option Income Strategy ETF	55.26%	10.97%

Returns By Period

In the year-to-date period, WPAY achieves a -10.65% return, which is significantly lower than MRNY's 55.26% return.

WPAY

• 1D: -1.58%
• 1M: -3.42%
• YTD: -10.65%
• 6M: -19.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MRNY

• 1D: -1.18%
• 1M: -1.56%
• YTD: 55.26%
• 6M: 60.43%
• 1Y: 57.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WPAY vs. MRNY - Expense Ratio Comparison

Both WPAY and MRNY have an expense ratio of 0.99%.

WPAY

Roundhill WeeklyPay™ Universe ETF

MRNY

YieldMax MRNA Option Income Strategy ETF

Return for Risk

WPAY 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: 56
MRNY Sharpe Ratio Rank: 61
MRNY Sortino Ratio Rank: 68
MRNY Omega Ratio Rank: 56
MRNY Calmar Ratio Rank: 60
MRNY Martin Ratio Rank: 34

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.

WPAY vs. MRNY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill WeeklyPay™ Universe ETF (WPAY) 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

	WPAY	MRNY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.78	-0.50	-0.28

Correlation

The correlation between WPAY and MRNY is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

WPAY vs. MRNY - Dividend Comparison

WPAY's dividend yield for the trailing twelve months is around 36.55%, less than MRNY's 88.60% yield.

	TTM	2025	2024	2023
WPAY Roundhill WeeklyPay™ Universe ETF	36.55%	21.51%	0.00%	0.00%
MRNY YieldMax MRNA Option Income Strategy ETF	88.60%	145.98%	178.49%	1.75%

Drawdowns

WPAY vs. MRNY - Drawdown Comparison

The maximum WPAY drawdown since its inception was -26.17%, smaller than the maximum MRNY drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for WPAY and MRNY.

Drawdown Indicators

	WPAY	MRNY	Difference
Max Drawdown Largest peak-to-trough decline	-26.17%	-82.15%	+55.98%
Max Drawdown (1Y) Largest decline over 1 year	—	-31.53%	—
Current Drawdown Current decline from peak	-25.35%	-67.31%	+41.96%
Average Drawdown Average peak-to-trough decline	-11.92%	-51.53%	+39.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	15.78%	—

Volatility

Volatility by Period

	WPAY	MRNY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	16.90%	—
Volatility (6M) Calculated over the trailing 6-month period	—	39.43%	—
Volatility (1Y) Calculated over the trailing 1-year period	28.83%	52.05%	-23.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.83%	51.40%	-22.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.83%	51.40%	-22.57%