MRNY vs VOO
YieldMax MRNA Option Income Strategy ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. MRNY delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | MRNY | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.27% | 0.03% | |
| AUM | $120M | $997.4B | |
| Dividend Yield | 99.96% | 1.08% | |
| Holdings | 18 | 509 | |
| YTD Return | +253.75% | +12.25% | |
| 1Y Return | +277.54% | +20.92% | |
| 3Y Return (annualized) | - | +21.79% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 91.9% | 14.1% | |
| Max Drawdown | -82.2% | -34.3% | |
| Fund Family | YieldMax ETF | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 23, 2023 | Sep 7, 2010 |
MRNY vs VOO Performance
YieldMax MRNA Option Income Strategy ETF (MRNY) is a ETF from YieldMax ETF and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year MRNY returned +277.54% while VOO returned +20.92%. Year to date, MRNY is up 253.75% versus a gain of 12.25% for VOO.
Risk: Volatility and Drawdowns
MRNY has been the more volatile fund, with annualized monthly volatility of 91.9% compared with 14.1% for VOO. 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 -34.3% for VOO. 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 -0.02. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MRNY charges 1.27% per year while VOO charges 0.03%. On a $10,000 position that is $127 vs $3 annually, a gap of $124 per year that compounds over a long holding period. On income, MRNY currently yields 99.96% against 1.08% for VOO.
Holdings Overlap
MRNY and VOO share 0 holdings out of 508 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 VOO?
MRNY has an expense ratio of 1.27% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $124 per year of difference.
Which performed better, MRNY or VOO?
Over the past year MRNY returned +277.54% vs +20.92% for VOO, so MRNY leads on 1-year performance. Over the longest common window we track (3 years), MRNY annualized +5.02% vs +13.45% for VOO. Past performance does not guarantee future results.
Which is riskier, MRNY or VOO?
MRNY has been the more volatile fund at 91.9% annualized versus 14.1% for VOO. Worst drawdown: MRNY -82.2% vs VOO -34.3%.
Should I hold both MRNY and VOO?
MRNY and VOO have a monthly-return correlation of -0.02, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MRNY and VOO?
MRNY and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, MRNY or VOO?
MRNY yields 99.96% while VOO yields 1.08%, so MRNY currently pays the higher dividend yield.
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