YieldMax MRNA Option Income Strategy ETF
BThis fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.
$42.21+0.45 (+1.08%)
- 1.00%
- $252M
- +477.1%
- 41.58%
- 0.3M sh
- $43.71
- low $13.60high $43.84
The ETF.net MRNY Grade
B
Score 63 out of 100
- 12 of 72
Score 63 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A83 out of 100Rank 6 of 72Mission
Whether the fund did what it promised, tested against its stated mandate.C50 out of 100Rank 35 of 49Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C46 out of 100Rank 34 of 66Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B63 out of 100Rank 17 of 72Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A76 out of 100Rank 9 of 72
Our read on MRNY
BModerna, but with a job. MRNY sells weekly call spreads on MRNA and routes the premium out as a monthly distribution, keeping room for some upside through the spread's long leg. You still carry the stock's downside, without owning the shares.
MRNY is actively managed to generate weekly income by selling call spreads on Moderna Inc., while seeking participation in appreciation of the underlying share price.
Why people hold it
- Charges 1.00% a year, below the typical fee in its single-stock option-income peer group.
- Sells call spreads rather than plain calls, so the long leg leaves room to participate in part of a Moderna rally instead of surrendering all of it.yieldmaxetfs.com
- Options are written weekly and cash goes out monthly, an actively managed rhythm built around one stock's premium.
- Live since 2023, one of the earlier single-stock income funds in a category that has since crowded to dozens of tickers.
Worth knowing
- Synthetic exposure: you take Moderna's declines without holding the shares, and the short call caps how much of an advance the fund keeps.
- Payouts come from option premiums, which rise and fall with Moderna's option pricing. Monthly amounts vary rather than run at a set rate.
- The 1.00% fee buys the overlay and the active management, not a plain stake in the underlying stock.
MRNY Holdings
- Other
- 12
- 104%
- Mrna 11/20/2026 135.01 C
MRNY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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MRNY$57,706
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MRNY |
|---|---|
| Year to date | +452.8% |
| 1 month | +37.3% |
| 3 months | +187.5% |
| 1 year | +477.1% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MRNY |
|---|---|---|
| 2026 YTD | +452.8% | |
| 2025 | −35.8% | |
| 2024 | −59.3% | |
| 2023 | +20.5% |
MRNY in the news
MRNY Dividends
- 41.58%
- $17.36
- $0.75 per share
- Weekly
Distribution history
MRNY Risk
- 100.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.45
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −82.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- −0.09
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MRNY Cost
1.00%
MRNY1.00%
- The middle half of Single-Stock Option Income funds
- Median 1.07%
14 of the 71 Single-Stock Option Income funds charge less.
Other funds in Single-Stock Option Income
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- BJPOYieldMax JP Option Income Strategy ETFExpense ratio 1.04%1 year return —
- BNFLYYieldMax NFLX Option Income Strategy ETFExpense ratio 1.01%1 year return −38.4%
- BMAROYieldMax MARA Option Income Strategy ETFExpense ratio 1.00%1 year return −55.2%