MARO vs. HBIL-U.TO
MARO (YieldMax MARA Option Income Strategy ETF) and HBIL-U.TO (Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units) are both exchange-traded funds - MARO is a Derivative Income fund actively managed by YieldMax, while HBIL-U.TO is a Government Bonds fund actively managed by Hamilton. Both are actively managed. Over the past year, MARO returned -50.98% vs 4.03% for HBIL-U.TO. At a correlation of -0.01, they often move in opposite directions.
Performance
MARO vs. HBIL-U.TO - Performance Comparison
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Returns By Period
In the year-to-date period, MARO achieves a 2.97% return, which is significantly higher than HBIL-U.TO's 1.33% return.
MARO
- 1D
- -5.03%
- 1M
- -17.34%
- 6M
- -11.57%
- YTD
- 2.97%
- 1Y
- -50.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HBIL-U.TO
- 1D
- 0.00%
- 1M
- -0.31%
- 6M
- 1.06%
- YTD
- 1.33%
- 1Y
- 4.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MARO vs. HBIL-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MARO YieldMax MARA Option Income Strategy ETF | 2.97% | -48.05% | -23.63% |
HBIL-U.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units | 1.33% | 4.81% | -0.99% |
Correlation
The correlation between MARO and HBIL-U.TO is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2024 | -0.01 |
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Return for Risk
MARO vs. HBIL-U.TO — Risk / Return Rank
MARO
HBIL-U.TO
MARO vs. HBIL-U.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax MARA Option Income Strategy ETF (MARO) and Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units (HBIL-U.TO). 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 | HBIL-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.92 | ||
| Sortino ratioReturn per unit of downside risk | -4.08 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.48 | -0.61 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 3.79 | -4.57 |
| Martin ratioReturn relative to average drawdown | -1.23 | 14.49 | -15.72 |
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Drawdowns
MARO vs. HBIL-U.TO - Drawdown Comparison
The maximum MARO drawdown since its inception was -71.75%, which is greater than HBIL-U.TO's maximum drawdown of -1.48%. Use the drawdown chart below to compare losses from any high point for MARO and HBIL-U.TO.
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Drawdown Indicators
| MARO | HBIL-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.75% | -1.48% | -70.27% |
Max Drawdown (1Y)Largest decline over 1 year | -65.51% | -1.07% | -64.44% |
Current DrawdownCurrent decline from peak | -60.76% | -1.00% | -59.76% |
Average DrawdownAverage peak-to-trough decline | -42.80% | -0.33% | -42.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.40% | 0.28% | +41.12% |
Volatility
MARO vs. HBIL-U.TO - Volatility Comparison
YieldMax MARA Option Income Strategy ETF (MARO) has a higher volatility of 19.55% compared to Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units (HBIL-U.TO) at 1.21%. This indicates that MARO's price experiences larger fluctuations and is considered to be riskier than HBIL-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MARO | HBIL-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.55% | 1.21% | +18.34% |
Volatility (6M)Calculated over the trailing 6-month period | 49.89% | 1.64% | +48.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.86% | 1.91% | +61.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.57% | 2.12% | +63.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.57% | 2.12% | +63.45% |
Dividends
MARO vs. HBIL-U.TO - Dividend Comparison
MARO's dividend yield for the trailing twelve months is around 197.54%, more than HBIL-U.TO's 6.75% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HBIL-U.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units | 6.75% | 7.37% | 2.40% |
MARO YieldMax MARA Option Income Strategy ETF | 197.54% | 277.68% | 0.00% |
Frequently Asked Questions
MARO and HBIL-U.TO have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MARO is categorized as Derivative Income, while HBIL-U.TO is Government Bonds. They also come from different issuers: YieldMax and Hamilton.
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