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YieldMax specializes in options-based and income-focused ETFs, leveraging covered call and short option strategies to generate high distribution yields for investors seeking regular income. The firm operates a diverse lineup of 61 ETFs organized across nine fund families, including prominent strategies like 0DTE (zero days-to-expiration) options, covered calls, and target distribution approaches, alongside more traditional performance and portfolio-based offerings. YieldMax's holdings span major technology and financial names—including tickers like AMZY, APLY, BRKC, and FBY—and the firm targets both individual investors and those seeking enhanced yield through systematic options strategies.
See our curated list of related YouTube videos on MRNY.
Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
MRNA (Moderna Inc.) and MRNY (YieldMax MRNA Option Income Strategy ETF) are both dividend ETFs, but they take different approaches.
MRNY currently shows a 67.48% distribution yield. MRNA has not yet established a full distribution history, so a comparable yield figure is not available.
MRNA is cheaper with an expense ratio of compared to 1.00%.
Deep dive
Yield & income
On a $10,000 investment, MRNA has no reported distribution yield yet, so a monthly income estimate is not available, while MRNY would produce $562.33/month, at current distribution rates.
MRNA yield—
MRNY yield67.48%
Cost & efficiency
Over 10 years on $10,000, MRNA would cost approximately $0 in fees vs $1,000 for MRNY (simplified, not compounded). The $1,000.00 difference may be offset by yield or performance.
MRNA ER—
MRNY ER1.00%
Strategy & risk
MRNA tracks — with a dividend approach, while MRNY tracks Moderna (MRNA) using a covered call strategy.
Fund details
MRNA is managed by — (launched —) with — in assets. MRNY is managed by YieldMax (launched 06/26/2024) with $87M in assets.
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Frequently asked questions
Which of MRNA or MRNY pays more dividend income?
MRNY currently reports a distribution yield, while MRNA has not yet established a full distribution history. A direct income comparison is not yet meaningful — check back once both funds have published several consecutive distributions.
What is the difference between MRNA and MRNY?
MRNA (Moderna Inc.) tracks — with a dividend strategy, while MRNY (YieldMax MRNA Option Income Strategy ETF) tracks Moderna (MRNA) with a covered call approach. They are issued by — and YieldMax respectively.
Can I hold both MRNA and MRNY?
Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.
Which has lower fees, MRNA or MRNY?
MRNA has an expense ratio of — while MRNY charges 1.00%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in MRNA vs MRNY generate?
At current rates, MRNA has not established a distribution history yet, so a monthly income estimate is not available. The same in MRNY would produce about $562.33 per month ($6,748.00 annually).
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