- CUSIP
- 88636R602
- Issuer
- YieldMax
- Inception Date
- Dec 9, 2024
- Region
- North America (U.S.)
- Category
- Derivative Income
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $51M
Highlights
- Avg. Volume (1M)
- 439K
- Avg. Volume Value (1M)
- $2.27M
Share Price Chart
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Performance
MARO Performance Chart
YieldMax MARA Option Income Strategy ETF (MARO) is up 8.4% since the beginning of the year. MARO is currently trading at $5 per share.
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Returns By Period
YieldMax MARA Option Income Strategy ETF (MARO) has returned 8.42% so far this year and -36.13% over the past 12 months.
YieldMax MARA Option Income Strategy ETF
- 1D
- 2.56%
- 1M
- -4.95%
- 6M
- 10.24%
- YTD
- 8.42%
- 1Y
- -36.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -40.11%
Benchmark (S&P 500 Index)
- 1D
- 1.48%
- 1M
- 1.57%
- 6M
- 8.95%
- YTD
- 11.03%
- 1Y
- 21.84%
- 3Y*
- 19.28%
- 5Y*
- 11.54%
- 10Y*
- 13.29%
- ALL TIME*
- 8.11%
MARO Monthly Returns History
Based on dividend-adjusted daily data since Dec 10, 2024, MARO's average daily return is -0.12%, while the average monthly return is -2.75%.
Historically, 48% of months were positive and 52% were negative. The best month was Apr 2026 with a return of +32.5%, while the worst month was Nov 2025 at -32.8%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 3 months.
On a daily basis, MARO closed higher 47% of trading days. The best single day was Feb 6, 2026 with a return of +18.2%, while the worst single day was Feb 5, 2026 at -17.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.20% | -6.48% | -8.15% | 32.46% | 13.42% | -2.68% | -16.82% | 2.56% | 8.42% | ||||
| 2025 | 5.12% | -19.75% | -19.87% | 16.52% | 7.08% | 9.23% | -1.20% | 1.31% | 5.18% | -1.09% | -32.78% | -19.43% | -48.05% |
| 2024 | -23.63% | -23.63% |
Benchmark Metrics
YieldMax MARA Option Income Strategy ETF has an annualized alpha of -46.71%, beta of 2.16, and R2 of 0.31 versus S&P 500 Index. Calculated based on daily prices since December 10, 2024.
- This ETF participated in 359.73% of S&P 500 Index downside but only 67.21% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.31 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -46.71%
- Beta
- 2.16
- R²
- 0.31
- Upside Capture
- 67.21%
- Downside Capture
- 359.73%
Expense Ratio
MARO has a high expense ratio of 0.99%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MARO ranks 5 for risk / return — above 5% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for YieldMax MARA Option Income Strategy ETF (MARO) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MARO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.26 | ||
| Sortino ratioReturn per unit of downside risk | -2.87 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.31 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | 2.41 | -2.96 |
| Martin ratioReturn relative to average drawdown | -0.86 | 10.22 | -11.08 |
Dividends
Dividend History
YieldMax MARA Option Income Strategy ETF provided a 197.66% dividend yield over the last twelve months, with an annual payout of $9.49 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $9.49 | $21.13 |
Dividend yield | 197.66% | 277.68% |
Monthly Dividends
The table displays the monthly dividend distributions for YieldMax MARA Option Income Strategy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.64 | $0.38 | $0.41 | $0.57 | $0.50 | $0.45 | $0.44 | $0.00 | $3.39 | ||||
| 2025 | $4.60 | $1.56 | $1.48 | $1.85 | $1.97 | $1.21 | $2.37 | $1.00 | $0.94 | $2.58 | $0.97 | $0.61 | $21.13 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the YieldMax MARA Option Income Strategy ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the YieldMax MARA Option Income Strategy ETF was 71.75%, occurring on Feb 5, 2026. The portfolio has not yet recovered.
The current YieldMax MARA Option Income Strategy ETF drawdown is 58.69%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-71.75%Feb 2026 | 1y 1mo | — | 1y 7moDec 2024 - now | — |
-5.04%Dec 2024 | 2d | 4d | 6dDec 2024 - Dec 2024 | — |
Drawdown Indicators
| MARO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.75% | -56.78% | -14.97% |
Max Drawdown (1Y)Largest decline over 1 year | -65.51% | -9.10% | -56.41% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -58.69% | -0.12% | -58.57% |
Average DrawdownAverage peak-to-trough decline | -43.21% | -10.70% | -32.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.08% | 2.14% | +39.94% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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