YBTY vs. MRNY

Last updated Jun 24, 2026

YBTY (GraniteShares YieldBOOST TopYielders ETF) and MRNY (YieldMax MRNA Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. At a 0.45 correlation, their price movements are largely independent. YBTY charges 1.38%/yr vs 0.99%/yr for MRNY.

Performance

YBTY vs. MRNY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST TopYielders ETF (YBTY) 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, YBTY achieves a -17.51% return, which is significantly lower than MRNY's 75.79% return.

YBTY

• 1D: -0.90%
• 1M: -1.60%
• YTD: -17.51%
• 6M: -24.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MRNY

• 1D: 1.61%
• 1M: 20.79%
• YTD: 75.79%
• 6M: 62.11%
• 1Y: 74.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YBTY vs. MRNY - Yearly Performance Comparison

	2026 (YTD)	2025
YBTY GraniteShares YieldBOOST TopYielders ETF	-17.51%	-7.56%
MRNY YieldMax MRNA Option Income Strategy ETF	75.79%	-3.29%

Correlation

The correlation between YBTY and MRNY is 0.45, 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 Dec 16, 2025	0.45

Return for Risk

YBTY vs. MRNY — Risk / Return Rank

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

YBTY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

MRNY

MRNY Risk / Return Rank: 43
MRNY Sharpe Ratio Rank: 43
MRNY Sortino Ratio Rank: 46
MRNY Omega Ratio Rank: 42
MRNY Calmar Ratio Rank: 50
MRNY Martin Ratio Rank: 32

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.

YBTY vs. MRNY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST TopYielders ETF (YBTY) 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.

	YBTY	MRNY	Difference
Sharpe ratio: Return per unit of total volatility	—	1.46	—
Sortino ratio: Return per unit of downside risk	—	2.21	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	2.37	—
Martin ratio: Return relative to average drawdown	—	4.58	—

Drawdowns

YBTY vs. MRNY - Drawdown Comparison

The maximum YBTY drawdown since its inception was -27.66%, smaller than the maximum MRNY drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for YBTY and MRNY.

Drawdown Indicators

	YBTY	MRNY	Difference
Max Drawdown Largest peak-to-trough decline	-27.66%	-82.15%	+54.49%
Max Drawdown (1Y) Largest decline over 1 year	—	-31.53%	—
Current Drawdown Current decline from peak	-25.06%	-62.99%	+37.93%
Average Drawdown Average peak-to-trough decline	-18.88%	-52.86%	+33.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.26%	—

Volatility

Volatility by Period

	YBTY	MRNY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.74%	—
Volatility (6M) Calculated over the trailing 6-month period	—	39.32%	—
Volatility (1Y) Calculated over the trailing 1-year period	21.39%	51.06%	-29.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.39%	51.05%	-29.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.39%	51.05%	-29.66%

YBTY vs. MRNY - Expense Ratio Comparison

YBTY has a 1.38% expense ratio, which is higher than MRNY's 0.99% expense ratio.

Dividends

YBTY vs. MRNY - Dividend Comparison

YBTY's dividend yield for the trailing twelve months is around 54.19%, less than MRNY's 82.61% yield.

Position	TTM	2025	2024	2023
MRNY YieldMax MRNA Option Income Strategy ETF	82.61%	145.98%	178.49%	1.75%
YBTY GraniteShares YieldBOOST TopYielders ETF	54.19%	4.10%	0.00%	0.00%

Frequently Asked Questions

Can I hold both YBTY and MRNY in my portfolio?

YBTY and MRNY have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, YBTY or MRNY?

On fees, MRNY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, YBTY or MRNY?

MRNY is cheaper with a 0.99% expense ratio, compared with 1.38% for YBTY.

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

MRNY has the higher dividend yield at 82.61%, compared with 54.19% for YBTY.

What is the main difference between YBTY and MRNY?

They also come from different issuers: GraniteShares and YieldMax. Their fees differ too: 1.38% for YBTY and 0.99% for MRNY.