CAOS vs MRNY
Alpha Architect Tail Risk ETF vs YieldMax MRNA Option Income Strategy ETF
Which is better, CAOS or MRNY?
MRNY has been ahead.
CAOS has a lower expense ratio. MRNY led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CAOS | MRNY |
|---|---|---|
| Expense Ratio | 0.63%Best | 1.00% |
| AUM | $705M | $243M |
| Dividend Yield | 0.00% | 41.90% |
| Holdings | 12 | 31 |
| YTD Return | +1.68% | +447.17%Best |
| 1Y Return | +1.45% | +503.56%Best |
| 3Y Return (annualized) | +3.57% | +21.31%Best |
| Volatility (annualized) | 1.6%Best | 98.5% |
| Max Drawdown | -3.6%Best | -82.2% |
| $10,000 over 3 years | $11,158 | $17,852Best |
| Fund Family | Alpha Architect | YieldMax ETF |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Aug 14, 2013 | Oct 23, 2023 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Oct 24, 2023 to Oct 14, 2026 (3 years).
CAOS vs MRNY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
CAOS vs MRNY Performance
Alpha Architect Tail Risk ETF (CAOS) is an ETF from Alpha Architect and YieldMax MRNA Option Income Strategy ETF (MRNY) is an ETF from YieldMax ETF. Over the past year CAOS returned +1.45% while MRNY returned +503.56%. Year to date, CAOS is up 1.68% versus a gain of 447.17% for MRNY.
Over three years, CAOS compounded at +3.57% per year against +21.31% for MRNY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MRNY has been the more volatile fund, with annualized monthly volatility of 98.5% compared with 1.6% for CAOS. 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 -3.6% for CAOS and -82.2% for MRNY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.16. They move largely independently of each other.
Fees and Cost Over Time
CAOS charges 0.63% per year while MRNY charges 1.00%. On a $10,000 position that is $63 vs $100 annually, a gap of $37 per year that compounds over a long holding period. On income, CAOS currently yields 0.00% against 41.90% for MRNY.
Holdings Overlap
We hold position weights for 1 holding in CAOS and 2 in MRNY, totalling 0.1% and 12.8% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 1 positions appear in both.
1 positions in common, counted across the 1 positions we hold weights for in CAOS and 2 in MRNY, against full books of 12 and 31.
Top Shared Holdings
| Stock | Weight in CAOS | Weight in MRNY | Difference |
|---|---|---|---|
| FGXXXFirst American Government Obligations Fund | 0.10% | 7.27% | 7.17% |
You are not choosing between two funds in isolation.
Whichever of CAOS and MRNY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CAOS or MRNY?
CAOS has an expense ratio of 0.63% while MRNY charges 1.00%. CAOS is the cheaper option, by $37 a year on a $10,000 investment.
Which performed better, CAOS or MRNY?
Over the past year CAOS returned +1.45% vs +503.56% for MRNY, so MRNY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CAOS or MRNY?
MRNY has been the more volatile fund at 98.5% annualized versus 1.6% for CAOS. Worst drawdown: CAOS -3.6% vs MRNY -82.2%.
Should I hold both CAOS and MRNY?
CAOS and MRNY have a monthly-return correlation of -0.16, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, CAOS or MRNY?
CAOS yields 0.00% while MRNY yields 41.90%, so MRNY currently pays the higher dividend yield.
Is MRNY better than CAOS?
CAOS has a lower expense ratio. MRNY led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.