GIAX vs MRNY
Nicholas Global Equity and Income ETF vs YieldMax MRNA Option Income Strategy ETF
Which is better, GIAX or MRNY?
MRNY has been ahead.
MRNY has a lower expense ratio. MRNY led over 1Y 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 | GIAX | MRNY |
|---|---|---|
| Expense Ratio | 1.03% | 1.00%Best |
| AUM | $115M | $243M |
| Dividend Yield | 24.34% | 41.90% |
| Holdings | 87 | 31 |
| YTD Return | +12.20% | +447.17%Best |
| 1Y Return | +12.86% | +503.56%Best |
| 3Y Return (annualized) | - | +21.31% |
| Volatility (annualized) | 20.7%Best | 112.0% |
| Max Drawdown | -20.4%Best | -76.5% |
| $10,000 over 2.2 years | $13,082 | $15,783Best |
| Fund Family | XFunds | YieldMax ETF |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jul 29, 2024 | Oct 23, 2023 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jul 30, 2024 to Oct 14, 2026 (2.2 years).
GIAX 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 covers the 2.2 years both funds cover.
GIAX vs MRNY Performance
Nicholas Global Equity and Income ETF (GIAX) is an ETF from XFunds and YieldMax MRNA Option Income Strategy ETF (MRNY) is an ETF from YieldMax ETF. Over the past year GIAX returned +12.86% while MRNY returned +503.56%. Year to date, GIAX is up 12.20% versus a gain of 447.17% 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 112.0% compared with 20.7% for GIAX. 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 -20.4% for GIAX and -76.5% 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 0.24. They move largely independently of each other.
Fees and Cost Over Time
GIAX charges 1.03% per year while MRNY charges 1.00%. On a $10,000 position that is $103 vs $100 annually, a gap of $3 per year that compounds over a long holding period. On income, GIAX currently yields 24.34% against 41.90% for MRNY.
Holdings Overlap
At least 0.1% of GIAX's money is in holdings MRNY also owns.
Stated as a floor: for MRNY, our book for it covers 12.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 27 positions we hold weights for in GIAX and 2 in MRNY, against full books of 87 and 31.
Top Shared Holdings
| Stock | Weight in GIAX | Weight in MRNY | Difference |
|---|---|---|---|
| FGXXXFirst American Government Obligations Fund | 0.08% | 7.27% | 7.19% |
You are not choosing between two funds in isolation.
Whichever of GIAX 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, GIAX or MRNY?
GIAX has an expense ratio of 1.03% while MRNY charges 1.00%. MRNY is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, GIAX or MRNY?
Over the past year GIAX returned +12.86% vs +503.56% for MRNY, so MRNY leads on 1-year performance. Over the longest common window we track (2 years), GIAX annualized +12.99% vs +23.05% for MRNY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GIAX or MRNY?
MRNY has been the more volatile fund at 112.0% annualized versus 20.7% for GIAX. Worst drawdown: GIAX -20.4% vs MRNY -76.5%.
Should I hold both GIAX and MRNY?
GIAX and MRNY have a monthly-return correlation of 0.24, 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, GIAX or MRNY?
GIAX yields 24.34% while MRNY yields 41.90%, so MRNY currently pays the higher dividend yield.
Is MRNY better than GIAX?
MRNY has a lower expense ratio. MRNY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.