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Upturn AI Summary
YieldMax MRNA Option Income Strategy ETF(MRNY)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for MRNY
09/25/2026: MRNY (1-star) has a low Upturn Star Rating. Not recommended to BUY.
MRNY provides investors with high monthly income by selling synthetic covered calls on Moderna, Inc. (MRNA) stock, effectively monetizing volatility. Its primary strengths are its simplicity and income-generating potential, which are attractive to retail investors seeking non-traditional yield. However, investors face significant risks, including uncapped downside exposure to MRNA and capped upside participation, which can lead to NAV erosion. The fund is best suited for income-focused investors who understand the risks of single-stock derivative strategies and are willing to monitor the underlying company's performance closely.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | The capped upside potential limits the capital appreciation that growth investors typically seek. |
| Momentum investor | Weak fit | The option-based structure constrains the ability to fully capture strong upward momentum in MRNA shares. |
| Value investor | Weak fit | The fund strategy focuses on volatility harvesting rather than fundamental valuation or long-term growth prospects. |
| Dividend/Income investor | Strong fit | This fund is specifically designed for investors prioritizing high monthly income distributions over capital growth. |
| Low-risk investor | Weak fit | High volatility inherent in the underlying MRNA stock makes this a high-risk product. |
Investor Profile
Ideal Investor Profile
Income-focused investors who are bullish or neutral on Moderna and seek high monthly cash flow, while accepting the risk of NAV erosion and capped upside.
Suitability
Not suitable for long-term buy-and-hold investors looking for capital growth; better suited for yield-seeking tactical traders.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | The high volatility of the underlying MRNA stock significantly impacts the fund's net asset value. |
| Market risk | High | Investors are exposed to the full downside of MRNA while upside potential is capped by the covered call strategy. |
| Concentration | High | The fund's performance is tied entirely to a single security, eliminating the benefits of sector diversification. |
| Tracking/expense | Medium | The high expense ratio of 0.99% can erode long-term returns in a strategy already limited by option mechanics. |
| Liquidity | Medium | Options market liquidity on MRNA can affect the fund's execution costs during periods of extreme market stress. |
| Business/sector quality | Medium / high | The biotech industry is subject to rapid changes in drug development success and regulatory outcomes. |
Risk Analysis
Volatility
MRNY exhibits extremely high historical volatility due to its reliance on a single, volatile biotech stock and synthetic option mechanics.
Market Risk
The primary risk is the concentrated exposure to MRNA, meaning the fund is susceptible to company-specific news, clinical trial outcomes, and sector-wide sentiment.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Derivatives | Synthetic Moderna (MRNA) Long Position | 95 | This position provides synthetic exposure to MRNA price movements through a combination of long calls and short puts. |
| Cash/collateral | Cash and Cash Equivalents | 5 | Cash serves as collateral to support the derivative positions and manage liquidity requirements. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Extreme Price Shocks
The stock has experienced exceptionally large and disruptive price movements during the period.
Analysis of Past Performance
Type ETF | Historic Profit 36.66% | Avg. Invested days 33 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 09/25/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Sep 26, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $214.23M |
| Issuer | YieldMax ETFs |
| Expense Ratio | 0.99% |
| Distribution Yield | 16.01% |
| Inception | Oct 23, 2023 |
Performance
| Period | Total Return |
|---|---|
| YTD | +414.49% |
| 1 Year | +443.82% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 146.87% |
| 3Y Volatility | 0% |
| 3Y Sharpe Ratio | 0 |
Top Sectors
| Sector | Weight |
|---|---|
| Basic Materials | 0.00% |
| Consumer Cyclicals | 0.00% |
| Financial Services | 0.00% |
| Real Estate | 0.00% |
Asset Allocation
Portfolio Characteristics
| Metric | Value |
|---|---|
| Holdings Turnover | 0.0% |
Top Holdings
| Holding | Weight |
|---|---|
| First American Funds. - Government Obligations Fund | 1.02% |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
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