XDAT vs. MRNY

Last updated Jul 15, 2026

XDAT (Franklin Exponential Data ETF) and MRNY (YieldMax MRNA Option Income Strategy ETF) are both exchange-traded funds - XDAT is a Technology Equities fund actively managed by Franklin Templeton, while MRNY is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, XDAT returned -3.13% vs 58.68% for MRNY. At a 0.25 correlation, their price movements are largely independent. XDAT charges 0.50%/yr vs 0.99%/yr for MRNY.

Performance

XDAT vs. MRNY - Performance Comparison

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

Returns By Period

In the year-to-date period, XDAT achieves a -0.59% return, which is significantly lower than MRNY's 91.45% return.

XDAT

• 1D: 2.00%
• 1M: 5.77%
• 6M: 0.15%
• YTD: -0.59%
• 1Y: -3.13%
• 3Y*: 9.78%
• 5Y*: -0.62%
• 10Y*: —

MRNY

• 1D: 0.89%
• 1M: 25.82%
• 6M: 50.63%
• YTD: 91.45%
• 1Y: 58.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XDAT vs. MRNY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XDAT Franklin Exponential Data ETF	-0.59%	1.87%	16.54%	22.73%
MRNY YieldMax MRNA Option Income Strategy ETF	91.45%	-35.72%	-59.32%	18.27%

Correlation

The correlation between XDAT and MRNY is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (All Time) Calculated using the full available price history since Oct 24, 2023	0.25

Return for Risk

XDAT vs. MRNY — Risk / Return Rank

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

XDAT

XDAT Risk / Return Rank: 8
XDAT Sharpe Ratio Rank: 8
XDAT Sortino Ratio Rank: 8
XDAT Omega Ratio Rank: 8
XDAT Calmar Ratio Rank: 8
XDAT Martin Ratio Rank: 8

MRNY

MRNY Risk / Return Rank: 40
MRNY Sharpe Ratio Rank: 38
MRNY Sortino Ratio Rank: 44
MRNY Omega Ratio Rank: 41
MRNY Calmar Ratio Rank: 46
MRNY Martin Ratio Rank: 31

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.

XDAT vs. MRNY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Exponential Data ETF (XDAT) 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.

	XDAT	MRNY	Difference
Sharpe ratio: Return per unit of total volatility	-0.13	1.11	-1.24
Sortino ratio: Return per unit of downside risk	-0.01	1.85	-1.86
Omega ratio: Gain probability vs. loss probability	1.00	1.22	-0.22
Calmar ratio: Return relative to maximum drawdown	-0.11	1.87	-1.98
Martin ratio: Return relative to average drawdown	-0.22	3.61	-3.82

XDAT vs. MRNY - Sharpe Ratio Comparison

The current XDAT Sharpe Ratio is -0.13, which is lower than the MRNY Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of XDAT and MRNY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XDAT vs. MRNY - Drawdown Comparison

The maximum XDAT drawdown since its inception was -54.87%, smaller than the maximum MRNY drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for XDAT and MRNY.

Drawdown Indicators

	XDAT	MRNY	Difference
Max Drawdown Largest peak-to-trough decline	-54.87%	-82.15%	+27.28%
Max Drawdown (1Y) Largest decline over 1 year	-29.56%	-31.53%	+1.97%
Max Drawdown (3Y) Largest decline over 3 years	-29.56%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-54.87%	—	—
Current Drawdown Current decline from peak	-16.83%	-59.70%	+42.87%
Average Drawdown Average peak-to-trough decline	-25.78%	-52.97%	+27.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.51%	16.33%	-1.82%

Volatility

XDAT vs. MRNY - Volatility Comparison

The current volatility for Franklin Exponential Data ETF (XDAT) is 7.31%, while YieldMax MRNA Option Income Strategy ETF (MRNY) has a volatility of 20.13%. This indicates that XDAT experiences smaller price fluctuations and is considered to be less risky than MRNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDAT	MRNY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.31%	20.13%	-12.82%
Volatility (6M) Calculated over the trailing 6-month period	20.64%	39.62%	-18.98%
Volatility (1Y) Calculated over the trailing 1-year period	24.63%	52.93%	-28.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.64%	51.52%	-21.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.39%	51.52%	-22.13%

XDAT vs. MRNY - Expense Ratio Comparison

XDAT has a 0.50% expense ratio, which is lower than MRNY's 0.99% expense ratio.

Dividends

XDAT vs. MRNY - Dividend Comparison

XDAT has not paid dividends to shareholders, while MRNY's dividend yield for the trailing twelve months is around 87.26%.

Position	TTM	2025	2024	2023
MRNY YieldMax MRNA Option Income Strategy ETF	87.26%	145.98%	178.49%	1.75%
XDAT Franklin Exponential Data ETF	0.00%	0.00%	0.13%	0.00%

Frequently Asked Questions

Can I hold both XDAT and MRNY in my portfolio?

XDAT and MRNY have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XDAT or MRNY?

MRNY has higher volatility (20.13%) compared to XDAT (7.31%). In terms of maximum drawdown, XDAT dropped -54.87% vs MRNY's -82.15%.

Which ETF is better, XDAT or MRNY?

On 1-year performance, MRNY leads with 58.68% vs -3.13% for XDAT. On fees, XDAT is cheaper at 0.50% per year. On volatility, XDAT has been the lower-risk option at 7.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XDAT or MRNY?

Over the 1-year period, MRNY has performed better with a 58.68% return vs -3.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XDAT or MRNY?

XDAT is cheaper with a 0.50% expense ratio, compared with 0.99% for MRNY.

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

MRNY has the higher dividend yield at 87.26%, compared with 0.00% for XDAT.

What is the main difference between XDAT and MRNY?

XDAT is categorized as Technology Equities, while MRNY is Derivative Income. They also come from different issuers: Franklin Templeton and YieldMax. Their fees differ too: 0.50% for XDAT and 0.99% for MRNY.

Which has better risk-adjusted returns?

MRNY currently has the higher Sharpe Ratio (1.11 vs -0.13), 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.