MARO vs. CRCO

Last updated Aug 2, 2026

MARO (YieldMax MARA Option Income Strategy ETF) and CRCO (YieldMax CRCL Option Income Strategy ETF) are both Derivative Income funds from YieldMax. Both are actively managed. Their 0.51 correlation means they have sometimes moved together and sometimes differently. MARO charges 0.99%/yr vs 1.01%/yr for CRCO.

Performance

MARO vs. CRCO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax MARA Option Income Strategy ETF (MARO) and YieldMax CRCL Option Income Strategy ETF (CRCO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MARO achieves a 5.71% return, which is significantly higher than CRCO's -13.94% return.

MARO

• 1D: -2.09%
• 1M: -7.33%
• 6M: 4.46%
• YTD: 5.71%
• 1Y: -37.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -41.18%

CRCO

• 1D: -0.72%
• 1M: -0.14%
• 6M: 2.16%
• YTD: -13.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
CRCO YieldMax CRCL Option Income Strategy ETF	$554.17K	$590.63K	$1.39M
MARO YieldMax MARA Option Income Strategy ETF	$1.77M	$2.35M	$3.24M

MARO vs. CRCO - Yearly Performance Comparison

	2026 (YTD)	2025
MARO YieldMax MARA Option Income Strategy ETF	5.71%	-46.93%
CRCO YieldMax CRCL Option Income Strategy ETF	-13.94%	-38.00%

Correlation

The correlation between MARO and CRCO is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025	0.51

Return for Risk

MARO vs. CRCO — Risk / Return Rank

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

MARO

MARO Risk / Return Rank: 5
MARO Sharpe Ratio Rank: 4
MARO Sortino Ratio Rank: 5
MARO Omega Ratio Rank: 5
MARO Calmar Ratio Rank: 4
MARO Martin Ratio Rank: 5

CRCO

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

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.

MARO vs. CRCO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax MARA Option Income Strategy ETF (MARO) and YieldMax CRCL Option Income Strategy ETF (CRCO). 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.

	MARO	CRCO	Difference
Sharpe ratio: Return per unit of total volatility	-0.61	—	—
Sortino ratio: Return per unit of downside risk	-0.63	—	—
Omega ratio: Gain probability vs. loss probability	0.93	—	—
Calmar ratio: Return relative to maximum drawdown	-0.61	—	—
Martin ratio: Return relative to average drawdown	-0.95	—	—

Drawdowns

MARO vs. CRCO - Drawdown Comparison

The maximum MARO drawdown since its inception was -71.75%, which is greater than CRCO's maximum drawdown of -61.75%. Use the drawdown chart below to compare losses from any high point for MARO and CRCO.

Drawdown Indicators

	MARO	CRCO	Difference
Max Drawdown Largest peak-to-trough decline	-71.75%	-61.75%	-10.00%
Max Drawdown (1Y) Largest decline over 1 year	-65.51%	—	—
Current Drawdown Current decline from peak	-59.72%	-51.61%	-8.11%
Average Drawdown Average peak-to-trough decline	-43.17%	-35.79%	-7.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	41.97%	—	—

Volatility

Volatility by Period

	MARO	CRCO	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.53%	—	—
Volatility (6M) Calculated over the trailing 6-month period	52.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	65.49%	83.90%	-18.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.53%	83.90%	-17.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.53%	83.90%	-17.37%

MARO vs. CRCO - Expense Ratio Comparison

MARO has a 0.99% expense ratio, which is lower than CRCO's 1.01% expense ratio.

Dividends

MARO vs. CRCO - Dividend Comparison

MARO's dividend yield for the trailing twelve months is around 202.73%, more than CRCO's 158.06% yield.

Position	TTM	2025
CRCO YieldMax CRCL Option Income Strategy ETF	158.06%	35.79%
MARO YieldMax MARA Option Income Strategy ETF	202.73%	277.68%

Frequently Asked Questions

Can I hold both MARO and CRCO in my portfolio?

MARO and CRCO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MARO or CRCO?

On fees, MARO is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MARO or CRCO?

MARO is cheaper with a 0.99% expense ratio, compared with 1.01% for CRCO.

Which ETF pays a higher dividend yield, MARO or CRCO?

MARO has the higher dividend yield at 202.73%, compared with 158.06% for CRCO.

What is the main difference between MARO and CRCO?

Their fees differ too: 0.99% for MARO and 1.01% for CRCO.