SNOY vs. MARO

Last updated Apr 1, 2026

Compare and contrast key facts about YieldMax SNOW Option Income Strategy ETF (SNOY) and YieldMax MARA Option Income Strategy ETF (MARO).

SNOY and MARO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SNOY is an actively managed fund by YieldMax. It was launched on Jun 10, 2024. MARO is an actively managed fund by YieldMax. It was launched on Dec 9, 2024.

Performance

SNOY vs. MARO - Performance Comparison

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

SNOY vs. MARO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SNOY YieldMax SNOW Option Income Strategy ETF	-28.49%	30.66%	-7.83%
MARO YieldMax MARA Option Income Strategy ETF	-13.08%	-48.05%	-19.61%

Returns By Period

In the year-to-date period, SNOY achieves a -28.49% return, which is significantly lower than MARO's -13.08% return.

SNOY

• 1D: -1.59%
• 1M: -8.23%
• YTD: -28.49%
• 6M: -31.42%
• 1Y: -5.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MARO

• 1D: 3.69%
• 1M: -8.15%
• YTD: -13.08%
• 6M: -53.43%
• 1Y: -33.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SNOY vs. MARO - Expense Ratio Comparison

Both SNOY and MARO have an expense ratio of 0.99%.

SNOY

YieldMax SNOW Option Income Strategy ETF

MARO

YieldMax MARA Option Income Strategy ETF

Return for Risk

SNOY vs. MARO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SNOY

SNOY Risk / Return Rank: 10
SNOY Sharpe Ratio Rank: 10
SNOY Sortino Ratio Rank: 12
SNOY Omega Ratio Rank: 12
SNOY Calmar Ratio Rank: 9
SNOY Martin Ratio Rank: 9

MARO

MARO Risk / Return Rank: 4
MARO Sharpe Ratio Rank: 4
MARO Sortino Ratio Rank: 5
MARO Omega Ratio Rank: 5
MARO Calmar Ratio Rank: 3
MARO Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SNOY vs. MARO - Risk-Adjusted Trends Comparison

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

	SNOY	MARO	Difference
Sharpe ratio Return per unit of total volatility	-0.12	-0.52	+0.40
Sortino ratio Return per unit of downside risk	0.12	-0.43	+0.55
Omega ratio Gain probability vs. loss probability	1.02	0.95	+0.07
Calmar ratio Return relative to maximum drawdown	-0.18	-0.57	+0.40
Martin ratio Return relative to average drawdown	-0.44	-1.13	+0.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SNOY vs. MARO - Sharpe Ratio Comparison

The current SNOY Sharpe Ratio is -0.12, which is higher than the MARO Sharpe Ratio of -0.52. The chart below compares the historical Sharpe Ratios of SNOY and MARO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SNOY	MARO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.12	-0.52	+0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	-0.82	+0.98

Correlation

The correlation between SNOY and MARO is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SNOY vs. MARO - Dividend Comparison

SNOY's dividend yield for the trailing twelve months is around 115.92%, less than MARO's 279.58% yield.

	TTM	2025	2024
SNOY YieldMax SNOW Option Income Strategy ETF	115.92%	84.96%	33.32%
MARO YieldMax MARA Option Income Strategy ETF	279.58%	277.68%	0.00%

Drawdowns

SNOY vs. MARO - Drawdown Comparison

The maximum SNOY drawdown since its inception was -40.63%, smaller than the maximum MARO drawdown of -71.75%. Use the drawdown chart below to compare losses from any high point for SNOY and MARO.

Drawdown Indicators

	SNOY	MARO	Difference
Max Drawdown Largest peak-to-trough decline	-40.63%	-71.75%	+31.12%
Max Drawdown (1Y) Largest decline over 1 year	-40.63%	-65.51%	+24.88%
Current Drawdown Current decline from peak	-40.63%	-66.88%	+26.25%
Average Drawdown Average peak-to-trough decline	-10.36%	-39.99%	+29.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.31%	33.17%	-16.86%

Volatility

SNOY vs. MARO - Volatility Comparison

The current volatility for YieldMax SNOW Option Income Strategy ETF (SNOY) is 11.65%, while YieldMax MARA Option Income Strategy ETF (MARO) has a volatility of 20.53%. This indicates that SNOY experiences smaller price fluctuations and is considered to be less risky than MARO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SNOY	MARO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.65%	20.53%	-8.88%
Volatility (6M) Calculated over the trailing 6-month period	30.47%	50.16%	-19.69%
Volatility (1Y) Calculated over the trailing 1-year period	41.98%	64.75%	-22.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.63%	66.81%	-23.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.63%	66.81%	-23.18%