MARO vs. MARA
MARO (YieldMax MARA Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax, while MARA (MARA Holdings, Inc.) is a stock. Over the past year, MARO returned -43.81% vs -36.31% for MARA. With a 0.98 correlation, they move nearly in lockstep.
Performance
MARO vs. MARA - Performance Comparison
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Returns By Period
In the year-to-date period, MARO achieves a 14.15% return, which is significantly lower than MARA's 35.75% return.
MARO
- 1D
- -2.39%
- 1M
- -8.22%
- 6M
- 2.46%
- YTD
- 14.15%
- 1Y
- -43.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MARA
- 1D
- -3.25%
- 1M
- -13.42%
- 6M
- 14.46%
- YTD
- 35.75%
- 1Y
- -36.31%
- 3Y*
- -12.30%
- 5Y*
- -13.13%
- 10Y*
- -13.09%
MARO vs. MARA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MARO YieldMax MARA Option Income Strategy ETF | 14.15% | -48.05% | -23.63% |
MARA MARA Holdings, Inc. | 35.75% | -46.45% | -29.70% |
Correlation
The correlation between MARO and MARA is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2024 | 0.98 |
The correlation between MARO and MARA has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
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Return for Risk
MARO vs. MARA — Risk / Return Rank
MARO
MARA
MARO vs. MARA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax MARA Option Income Strategy ETF (MARO) and MARA Holdings, Inc. (MARA). 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 | MARA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.97 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | -0.52 | -0.15 |
| Martin ratioReturn relative to average drawdown | -1.07 | -0.83 | -0.24 |
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Drawdowns
MARO vs. MARA - Drawdown Comparison
The maximum MARO drawdown since its inception was -71.75%, smaller than the maximum MARA drawdown of -99.74%. Use the drawdown chart below to compare losses from any high point for MARO and MARA.
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Drawdown Indicators
| MARO | MARA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.75% | -99.74% | +27.99% |
Max Drawdown (1Y)Largest decline over 1 year | -65.51% | -70.53% | +5.02% |
Max Drawdown (3Y)Largest decline over 3 years | — | -78.34% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -95.87% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.20% | — |
Current DrawdownCurrent decline from peak | -56.50% | -92.12% | +35.62% |
Average DrawdownAverage peak-to-trough decline | -42.64% | -78.07% | +35.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.95% | 43.99% | -3.04% |
Volatility
MARO vs. MARA - Volatility Comparison
The current volatility for YieldMax MARA Option Income Strategy ETF (MARO) is 19.08%, while MARA Holdings, Inc. (MARA) has a volatility of 21.71%. This indicates that MARO experiences smaller price fluctuations and is considered to be less risky than MARA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MARO | MARA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.08% | 21.71% | -2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 49.30% | 60.74% | -11.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.58% | 79.50% | -15.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.58% | 106.04% | -40.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.58% | 144.24% | -78.66% |
Dividends
MARO vs. MARA - Dividend Comparison
MARO's dividend yield for the trailing twelve months is around 218.17%, while MARA has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
MARA MARA Holdings, Inc. | 0.00% | 0.00% |
MARO YieldMax MARA Option Income Strategy ETF | 218.17% | 277.68% |
Frequently Asked Questions
With a correlation of 0.98, MARO and MARA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
MARA has higher volatility (21.71%) compared to MARO (19.08%). In terms of maximum drawdown, MARO dropped -71.75% vs MARA's -99.74%.
MARA currently has the higher Sharpe Ratio (-0.46 vs -0.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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