MRNY vs SCHD
YieldMax MRNA Option Income Strategy ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. MRNY delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | MRNY | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 1.27% | 0.06% | |
| AUM | $120M | $108.7B | |
| Dividend Yield | 99.96% | 3.13% | |
| Holdings | 18 | 104 | |
| YTD Return | +72.45% | +26.50% | |
| 1Y Return | +77.54% | +31.25% | |
| 3Y Return (annualized) | - | +16.34% | |
| 5Y Return (annualized) | - | +10.10% | |
| Volatility (annualized) | 50.8% | 13.6% | |
| Max Drawdown | -82.2% | -33.4% | |
| Fund Family | YieldMax ETF | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Oct 23, 2023 | Oct 20, 2011 |
MRNY vs SCHD Performance
YieldMax MRNA Option Income Strategy ETF (MRNY) is a ETF from YieldMax ETF and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year MRNY returned +77.54% while SCHD returned +31.25%. Year to date, MRNY is up 72.45% versus a gain of 26.50% for SCHD.
Risk: Volatility and Drawdowns
MRNY has been the more volatile fund, with annualized monthly volatility of 50.8% compared with 13.6% for SCHD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -82.2% for MRNY and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.10. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MRNY charges 1.27% per year while SCHD charges 0.06%. On a $10,000 position that is $127 vs $6 annually, a gap of $121 per year that compounds over a long holding period. On income, MRNY currently yields 99.96% against 3.13% for SCHD.
Holdings Overlap
MRNY and SCHD share 0 holdings out of 103 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MRNY or SCHD?
MRNY has an expense ratio of 1.27% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $121 per year of difference.
Which performed better, MRNY or SCHD?
Over the past year MRNY returned +77.54% vs +31.25% for SCHD, so MRNY leads on 1-year performance. Over the longest common window we track (3 years), MRNY annualized -18.61% vs +11.50% for SCHD. Past performance does not guarantee future results.
Which is riskier, MRNY or SCHD?
MRNY has been the more volatile fund at 50.8% annualized versus 13.6% for SCHD. Worst drawdown: MRNY -82.2% vs SCHD -33.4%.
Should I hold both MRNY and SCHD?
MRNY and SCHD have a monthly-return correlation of 0.10, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MRNY and SCHD?
MRNY and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, MRNY or SCHD?
MRNY yields 99.96% while SCHD yields 3.13%, so MRNY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.