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GraniteShares YieldBOOST MARA ETF

MAAYNasdaqGraniteSharesDThis fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.

$3.78−0.06 (−1.58%)

At close: Nov 2, 2026, 4:00 PM ET

Intraday session: down, 79 prints from 3.85 to 3.78. Range 3.78 to 3.85. Use the arrow keys to read each point.3.803.8210 AM12 PM2 PM4 PM
Expense ratio
1.18%*
Fund size
$4M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
6
Avg volume · 30D
41.7K sh
52W range
low $3.78high $24.89
Launched

*After a fee waiver that ends Dec 31, 2027. Without it: 2.60%.

The ETF.net MAAY Grade

Based on 5 of 6 pillars

D

Score 39 out of 100

Rank
54 of 72
Six-pillar profile for MAAY. Scores out of 100: Cost 19, Risk 26, Mission 70, Tradability 41, Holdings not scored, Durability 49. Strongest: Mission (70). Weakest: Cost (19). Based on 5 of 6 pillars.

Score 39 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
40
This cap took
0
Published Score
39 Grade D
  • Cost

    The fund’s net expense ratio, ranked against its category.
    F19 out of 100
    Rank 49 of 72
  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A70 out of 100
    Rank 4 of 50
  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D26 out of 100
    Rank 55 of 70
  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C41 out of 100
    Rank 54 of 72
  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored
  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C49 out of 100
    Rank 42 of 72

Our read on MAAY

ETF.net Research

In short

DMost single-stock income funds write options on the stock. MAAY goes one floor up: it sells options tied to a 2x leveraged MARA ETF, aiming to wring double the premium out of a bitcoin miner's volatility, and it pays monthly.

Stated mandate

The Fund seeks to produce twice the income from selling options on MARA Holdings Inc. by using leveraged ETFs linked to twice the stock's daily performance. It also seeks capped exposure to that leveraged ETF's performance.

Why people hold it

  • The premium engine runs on a 2x MARA vehicle rather than MARA shares, so income is harvested from twice the daily move. Distributions are made monthly.graniteshares.com
  • Fee is 1.07%, sitting at the middle of the single-stock option-income pack rather than the pricey end.
  • A 1940 Act ETF wrapper: one ticker, no margin account, no rolling your own contracts on one of the market's twitchiest miners.graniteshares.com
  • Different animal from MARO, which writes on MARA directly. MAAY's reference is the leveraged version, a distinct premium and risk profile.

Worth knowing

  • Upside is capped by design. You collect option premium plus a limited slice of the leveraged ETF's gains, not the full melt-up.graniteshares.com
  • The downside is not capped, and the reference resets its 2x exposure daily, so choppy stretches in MARA can erode the underlying even without a clear trend.
  • Launched November 2025, small and thinly traded. Spreads deserve a look and limit orders earn their keep here.

MAAY Holdings

Asset class
Other
Holdings
6
Top-10 weight
105%
Largest holding
US Dollars53.8%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataUS Dollars53.77%2,302,709$2.3M85
2No dataUS TBill 04/22/202734.32%1,500,000$1.47M29
3No dataUS TBill 02/04/202713.86%600,000$594K31
4No data2MRAL 11/04/2026 P12.973.06%2,030$131K1
5No data2MRAL 11/02/2026 P11.350.23%1,030$9.9K1
6No data2MRAL 10/30/2026 P11.940.01%400$5881

Showing 1–6 of 6 holdings

MAAY Performance

Launched Nov 4, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
MAAY$6,828
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,169
Dec 31, 2025 to Oct 30, 2026. MAAY $6,828. SPY $11,169. Use the arrow keys to read each point.$8,000$10,000Dec 2025Jun 2026Oct 2026

Dec 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for MAAY. Periods over one year show the average yearly return.
PeriodMAAY
Year to date−31.7%
1 month−13.0%
3 months−16.4%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MAAY
YearReturn barMAAY
2026 YTD−31.7%
2025−27.8%

Since listing, Nov 4, 2025

MAAY in the news

MAAY Dividends

Upcoming payment
$0.07 per share
Pays on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Weekly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 44 payments in 2026 YTD. Jan 2, 2026 $0.39; Jan 9, 2026 $0.41; Jan 16, 2026 $0.41; Jan 23, 2026 $0.38; Jan 30, 2026 $0.36; Feb 6, 2026 $0.32; Feb 13, 2026 $0.28; Feb 20, 2026 $0.26; Feb 27, 2026 $0.26; Mar 6, 2026 $0.17; Mar 13, 2026 $0.17; Mar 20, 2026 $0.17; Mar 27, 2026 $0.15; Apr 2, 2026 $0.14; Apr 10, 2026 $0.14; Apr 17, 2026 $0.15; Apr 24, 2026 $0.15; May 1, 2026 $0.14; May 8, 2026 $0.14; May 15, 2026 $0.13; May 22, 2026 $0.13; May 29, 2026 $0.13; Jun 5, 2026 $0.12; Jun 12, 2026 $0.12; Jun 18, 2026 $0.12; Jun 26, 2026 $0.12; Jul 2, 2026 $0.11; Jul 10, 2026 $0.11; Jul 17, 2026 $0.11; Jul 24, 2026 $0.11; Jul 31, 2026 $0.10; Aug 7, 2026 $0.10; Aug 14, 2026 $0.10; Aug 21, 2026 $0.10; Aug 28, 2026 $0.10; Sep 4, 2026 $0.09; Sep 11, 2026 $0.10; Sep 18, 2026 $0.09; Sep 25, 2026 $0.09; Oct 2, 2026 $0.09; Oct 9, 2026 $0.08; Oct 16, 2026 $0.08; Oct 23, 2026 $0.07; Oct 30, 2026 $0.07. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Oct 30, 2026Pays Nov 3, 2026$0.07
Oct 23, 2026Oct 27, 2026$0.07
Oct 16, 2026Oct 20, 2026$0.08
Oct 9, 2026Oct 14, 2026$0.08
Oct 2, 2026Oct 6, 2026$0.09
Sep 25, 2026Sep 29, 2026$0.09
Sep 18, 2026Sep 22, 2026$0.09
Sep 11, 2026Sep 15, 2026$0.10
Sep 4, 2026Sep 9, 2026$0.09
Aug 28, 2026Sep 1, 2026$0.10
Aug 21, 2026Aug 25, 2026$0.10
Aug 14, 2026Aug 18, 2026$0.10

See all 52 payments⁠

MAAY Risk

How much the fund’s monthly returns vary, scaled to a year.
Launched Nov 2025; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
Launched Nov 2025; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
Launched Nov 2025; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.03
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

MAAY Cost

Overpaying vs KWIN, cheapest in Single-Stock Option Income

$11,378

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MAAY 1.18%

    $21,543

  • KWIN 0.51% Cheapest

    $10,165

$10,000
30 years

Cost over time

  • MAAY 1.18%
  • KWIN 0.51%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530MAAY $21,543KWIN $10,165

Year by year

YearMAAYKWINOverpaying
10$2,065$918$1,147
20$7,697$3,527$4,170
30$21,543$10,165$11,378
How the 1.18% is worked out

Full fee 2.60%− waiver 1.42%= you pay 1.18%

The waiver ends Dec 31, 2027. After that the fee is 2.60% unless GraniteShares renews it. Source: prospectus, Oct 2026.

Other funds in Single-Stock Option Income