MRNY vs ZNOV
YieldMax MRNA Option Income Strategy ETF vs Innovator Equity Defined Protection ETF - 1 Yr November
Which is better, MRNY or ZNOV?
MRNY has been ahead.
ZNOV 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 | MRNY | ZNOV |
|---|---|---|
| Expense Ratio | 1.00% | 0.79%Best |
| AUM | $243M | $105M |
| Dividend Yield | 41.90% | 0.00% |
| Holdings | 31 | 15 |
| YTD Return | +447.17%Best | +5.16% |
| 1Y Return | +503.56%Best | +6.13% |
| 3Y Return (annualized) | +21.31% | - |
| Volatility (annualized) | 115.4% | 2.7%Best |
| Max Drawdown | -56.5% | -3.3%Best |
| $10,000 over 1.9 years | $28,351Best | $11,225 |
| Fund Family | YieldMax ETF | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Oct 23, 2023 | Nov 1, 2024 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Nov 1, 2024 to Oct 14, 2026 (1.9 years).
MRNY vs ZNOV 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.
MRNY vs ZNOV Performance
YieldMax MRNA Option Income Strategy ETF (MRNY) is an ETF from YieldMax ETF and Innovator Equity Defined Protection ETF - 1 Yr November (ZNOV) is an ETF from Innovator ETFs Trust. Over the past year MRNY returned +503.56% while ZNOV returned +6.13%. Year to date, MRNY is up 447.17% versus a gain of 5.16% for ZNOV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MRNY has been the more volatile fund, with annualized monthly volatility of 115.4% compared with 2.7% for ZNOV. 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 -56.5% for MRNY and -3.3% for ZNOV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.03. They move largely independently of each other.
Fees and Cost Over Time
MRNY charges 1.00% per year while ZNOV charges 0.79%. On a $10,000 position that is $100 vs $79 annually, a gap of $21 per year that compounds over a long holding period. On income, MRNY currently yields 41.90% against 0.00% for ZNOV.
You are not choosing between two funds in isolation.
Whichever of MRNY and ZNOV 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, MRNY or ZNOV?
MRNY has an expense ratio of 1.00% while ZNOV charges 0.79%. ZNOV is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, MRNY or ZNOV?
Over the past year MRNY returned +503.56% vs +6.13% for ZNOV, so MRNY leads on 1-year performance. Over the longest common window we track (2 years), MRNY annualized +73.06% vs +6.27% for ZNOV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MRNY or ZNOV?
MRNY has been the more volatile fund at 115.4% annualized versus 2.7% for ZNOV. Worst drawdown: MRNY -56.5% vs ZNOV -3.3%.
Should I hold both MRNY and ZNOV?
MRNY and ZNOV have a monthly-return correlation of 0.03, 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, MRNY or ZNOV?
MRNY yields 41.90% while ZNOV yields 0.00%, so MRNY currently pays the higher dividend yield.
Is ZNOV better than MRNY?
ZNOV 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.