MAAY vs. BDRY

Last updated Aug 6, 2026

MAAY (GraniteShares YieldBOOST MARA ETF) and BDRY (Breakwave Dry Bulk Shipping ETF) are both exchange-traded funds - MAAY is a Derivative Income fund actively managed by GraniteShares, while BDRY is a Commodities fund tracking the Breakwave Dry Freight Futures Index. MAAY is actively managed, while BDRY is passively managed. Their -0.07 correlation means they have often moved in opposite directions in the past. MAAY charges 1.07%/yr vs 3.50%/yr for BDRY.

Performance

MAAY vs. BDRY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST MARA ETF (MAAY) and Breakwave Dry Bulk Shipping ETF (BDRY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAAY achieves a -17.81% return, which is significantly lower than BDRY's 59.29% return.

MAAY

• 1D: -0.02%
• 1M: -0.49%
• 6M: -13.04%
• YTD: -17.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BDRY

• 1D: 0.43%
• 1M: 7.79%
• 6M: 28.76%
• YTD: 59.29%
• 1Y: 79.79%
• 3Y*: 41.89%
• 5Y*: -12.09%
• 10Y*: —
• ALL TIME*: -6.89%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BDRY Breakwave Dry Bulk Shipping ETF	$372.90K	$460.83K	$750.70K
MAAY GraniteShares YieldBOOST MARA ETF	$187.96K	$146.18K	$110.79K

MAAY vs. BDRY - Yearly Performance Comparison

	2026 (YTD)	2025
MAAY GraniteShares YieldBOOST MARA ETF	-17.81%	-29.75%
BDRY Breakwave Dry Bulk Shipping ETF	59.29%	10.73%

Correlation

The correlation between MAAY and BDRY is -0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 4, 2025	-0.07

Return for Risk

MAAY vs. BDRY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MAAY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BDRY

BDRY Risk / Return Rank: 73
BDRY Sharpe Ratio Rank: 79
BDRY Sortino Ratio Rank: 67
BDRY Omega Ratio Rank: 64
BDRY Calmar Ratio Rank: 86
BDRY Martin Ratio Rank: 72

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MAAY vs. BDRY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST MARA ETF (MAAY) and Breakwave Dry Bulk Shipping ETF (BDRY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	MAAY	BDRY	Difference
Sharpe ratio: Return per unit of total volatility	—	2.03	—
Sortino ratio: Return per unit of downside risk	—	2.52	—
Omega ratio: Gain probability vs. loss probability	—	1.31	—
Calmar ratio: Return relative to maximum drawdown	—	3.71	—
Martin ratio: Return relative to average drawdown	—	10.11	—

Drawdowns

MAAY vs. BDRY - Drawdown Comparison

The maximum MAAY drawdown since its inception was -45.92%, smaller than the maximum BDRY drawdown of -89.16%. Use the drawdown chart below to compare losses from any high point for MAAY and BDRY.

Drawdown Indicators

	MAAY	BDRY	Difference
Max Drawdown Largest peak-to-trough decline	-45.92%	-89.16%	+43.24%
Max Drawdown (1Y) Largest decline over 1 year	—	-21.60%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-69.71%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-89.16%	—
Current Drawdown Current decline from peak	-42.26%	-66.35%	+24.09%
Average Drawdown Average peak-to-trough decline	-34.31%	-58.59%	+24.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.92%	—

Volatility

Volatility by Period

	MAAY	BDRY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.74%	—
Volatility (6M) Calculated over the trailing 6-month period	—	27.50%	—
Volatility (1Y) Calculated over the trailing 1-year period	28.00%	39.88%	-11.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.00%	59.82%	-31.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.00%	62.11%	-34.11%

MAAY vs. BDRY - Expense Ratio Comparison

MAAY has a 1.07% expense ratio, which is lower than BDRY's 3.50% expense ratio.

Dividends

MAAY vs. BDRY - Dividend Comparison

MAAY's dividend yield for the trailing twelve months is around 177.00%, while BDRY has not paid dividends to shareholders.

Position	TTM	2025
BDRY Breakwave Dry Bulk Shipping ETF	0.00%	0.00%
MAAY GraniteShares YieldBOOST MARA ETF	177.00%	31.22%

Frequently Asked Questions

Can I hold both MAAY and BDRY in my portfolio?

MAAY and BDRY have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MAAY or BDRY?

On fees, MAAY is cheaper at 1.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MAAY or BDRY?

MAAY is cheaper with a 1.07% expense ratio, compared with 3.50% for BDRY.

Which ETF pays a higher dividend yield, MAAY or BDRY?

MAAY has the higher dividend yield at 177.00%, compared with 0.00% for BDRY.

What is the main difference between MAAY and BDRY?

MAAY is categorized as Derivative Income, while BDRY is Commodities. They also come from different issuers: GraniteShares and Amplify. Their fees differ too: 1.07% for MAAY and 3.50% for BDRY.