XUDV vs. MRNY

Last updated Jun 4, 2026

XUDV (Franklin U.S. Dividend Booster Index ETF) and MRNY (YieldMax MRNA Option Income Strategy ETF) are both exchange-traded funds - XUDV is a Dividend fund tracking the VettaFi New Frontier U.S. Dividend Select Index, while MRNY is a Derivative Income fund actively managed by YieldMax. XUDV is passively managed, while MRNY is actively managed. Over the past year, XUDV returned 29.58% vs 47.46% for MRNY. At a 0.44 correlation, their price movements are largely independent. XUDV charges 0.09%/yr vs 0.99%/yr for MRNY.

Performance

XUDV vs. MRNY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin U.S. Dividend Booster Index ETF (XUDV) 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, XUDV achieves a 19.02% return, which is significantly lower than MRNY's 51.59% return.

XUDV

• 1D: -1.47%
• 1M: 4.20%
• YTD: 19.02%
• 6M: 19.23%
• 1Y: 29.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MRNY

• 1D: 5.73%
• 1M: 4.23%
• YTD: 51.59%
• 6M: 62.21%
• 1Y: 47.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XUDV vs. MRNY - Yearly Performance Comparison

	2026 (YTD)	2025
XUDV Franklin U.S. Dividend Booster Index ETF	19.02%	8.24%
MRNY YieldMax MRNA Option Income Strategy ETF	51.59%	-32.75%

Correlation

The correlation between XUDV and MRNY is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jan 24, 2025	0.44

Return for Risk

XUDV vs. MRNY — Risk / Return Rank

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

XUDV

XUDV Risk / Return Rank: 77
XUDV Sharpe Ratio Rank: 75
XUDV Sortino Ratio Rank: 77
XUDV Omega Ratio Rank: 68
XUDV Calmar Ratio Rank: 85
XUDV Martin Ratio Rank: 81

MRNY

MRNY Risk / Return Rank: 28
MRNY Sharpe Ratio Rank: 27
MRNY Sortino Ratio Rank: 31
MRNY Omega Ratio Rank: 29
MRNY Calmar Ratio Rank: 30
MRNY Martin Ratio Rank: 23

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.

XUDV vs. MRNY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin U.S. Dividend Booster Index ETF (XUDV) 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.

	XUDV	MRNY	Difference
Sharpe ratio: Return per unit of total volatility	2.43	0.97	+1.46
Sortino ratio: Return per unit of downside risk	3.42	1.69	+1.73
Omega ratio: Gain probability vs. loss probability	1.40	1.20	+0.21
Calmar ratio: Return relative to maximum drawdown	4.69	1.51	+3.18
Martin ratio: Return relative to average drawdown	15.94	2.95	+12.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XUDV vs. MRNY - Sharpe Ratio Comparison

The current XUDV Sharpe Ratio is 2.43, which is higher than the MRNY Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of XUDV 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.

Sharpe Ratios by Period

	XUDV	MRNY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	0.97	+1.46
Sharpe Ratio (All Time) Calculated using the full available price history	1.26	-0.49	+1.76

Drawdowns

XUDV vs. MRNY - Drawdown Comparison

The maximum XUDV drawdown since its inception was -15.98%, smaller than the maximum MRNY drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for XUDV and MRNY.

Drawdown Indicators

	XUDV	MRNY	Difference
Max Drawdown Largest peak-to-trough decline	-15.98%	-82.15%	+66.17%
Max Drawdown (1Y) Largest decline over 1 year	-6.34%	-31.53%	+25.19%
Current Drawdown Current decline from peak	-1.85%	-68.09%	+66.24%
Average Drawdown Average peak-to-trough decline	-2.10%	-52.62%	+50.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	16.15%	-14.29%

Volatility

XUDV vs. MRNY - Volatility Comparison

The current volatility for Franklin U.S. Dividend Booster Index ETF (XUDV) is 3.69%, while YieldMax MRNA Option Income Strategy ETF (MRNY) has a volatility of 13.36%. This indicates that XUDV 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

	XUDV	MRNY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.69%	13.36%	-9.67%
Volatility (6M) Calculated over the trailing 6-month period	8.25%	37.05%	-28.80%
Volatility (1Y) Calculated over the trailing 1-year period	12.27%	49.37%	-37.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.34%	50.76%	-34.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.34%	50.76%	-34.42%

XUDV vs. MRNY - Expense Ratio Comparison

XUDV has a 0.09% expense ratio, which is lower than MRNY's 0.99% expense ratio.

Dividends

XUDV vs. MRNY - Dividend Comparison

XUDV's dividend yield for the trailing twelve months is around 3.48%, less than MRNY's 100.06% yield.

Position	TTM	2025	2024	2023
MRNY YieldMax MRNA Option Income Strategy ETF	100.06%	145.98%	178.49%	1.75%
XUDV Franklin U.S. Dividend Booster Index ETF	3.48%	3.80%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XUDV and MRNY in my portfolio?

XUDV and MRNY have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XUDV or MRNY?

MRNY has higher volatility (13.36%) compared to XUDV (3.69%). In terms of maximum drawdown, XUDV dropped -15.98% vs MRNY's -82.15%.

Which ETF is better, XUDV or MRNY?

On 1-year performance, MRNY leads with 47.46% vs 29.58% for XUDV. On fees, XUDV is cheaper at 0.09% per year. On volatility, XUDV has been the lower-risk option at 3.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XUDV or MRNY?

Over the 1-year period, MRNY has performed better with a 47.46% return vs 29.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XUDV or MRNY?

XUDV is cheaper with a 0.09% expense ratio, compared with 0.99% for MRNY.

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

MRNY has the higher dividend yield at 100.06%, compared with 3.48% for XUDV.

What is the main difference between XUDV and MRNY?

XUDV is categorized as Dividend, while MRNY is Derivative Income. They also come from different issuers: Franklin and YieldMax. Their fees differ too: 0.09% for XUDV and 0.99% for MRNY.

Which has better risk-adjusted returns?

XUDV currently has the higher Sharpe Ratio (2.43 vs 0.97), 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.