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 -20.45% vs 3.67% for MARA. With a 0.97 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 29.91% return, which is significantly lower than MARA's 63.70% return.
MARO
- 1D
- -0.62%
- 1M
- 3.08%
- YTD
- 29.91%
- 6M
- 21.37%
- 1Y
- -20.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MARA
- 1D
- -1.01%
- 1M
- 6.44%
- YTD
- 63.70%
- 6M
- 49.09%
- 1Y
- 3.67%
- 3Y*
- 4.97%
- 5Y*
- -12.99%
- 10Y*
- -9.81%
MARO vs. MARA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MARO YieldMax MARA Option Income Strategy ETF | 29.91% | -48.05% | -23.63% |
MARA MARA Holdings, Inc. | 63.70% | -46.45% | -29.70% |
Correlation
The correlation between MARO and MARA is 0.97 - 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 | 0.97 |
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 0.97 to 0.97 - 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 | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.08 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 0.05 | -0.37 |
| Martin ratioReturn relative to average drawdown | -0.52 | 0.09 | -0.60 |
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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 | -50.50% | -90.50% | +40.00% |
Average DrawdownAverage peak-to-trough decline | -42.26% | -78.02% | +35.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.72% | 42.92% | -3.20% |
Volatility
MARO vs. MARA - Volatility Comparison
The current volatility for YieldMax MARA Option Income Strategy ETF (MARO) is 16.27%, while MARA Holdings, Inc. (MARA) has a volatility of 22.49%. 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 | 16.27% | 22.49% | -6.22% |
Volatility (6M)Calculated over the trailing 6-month period | 47.21% | 59.83% | -12.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.60% | 79.25% | -16.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.24% | 105.92% | -40.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.24% | 144.16% | -78.92% |
Dividends
MARO vs. MARA - Dividend Comparison
MARO's dividend yield for the trailing twelve months is around 177.57%, 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 | 177.57% | 277.68% |
Frequently Asked Questions
With a correlation of 0.97, 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 (22.49%) compared to MARO (16.27%). In terms of maximum drawdown, MARO dropped -71.75% vs MARA's -99.74%.
MARA currently has the higher Sharpe Ratio (0.05 vs -0.33), 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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