YieldMax MARA Option Income Strategy ETF
BThis fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.
$2.15−0.13 (−5.51%)
- 1.00%
- $28M
- −66.2%
- 251.61%
- 552K sh
- low $2.17high $16.50
The ETF.net MARO Grade
B
Score 57 out of 100
- 21 of 72
Score 57 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A77 out of 100Rank 10 of 72Mission
Whether the fund did what it promised, tested against its stated mandate.B66 out of 100Rank 29 of 50Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F11 out of 100Rank 70 of 70Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C49 out of 100Rank 37 of 72Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A70 out of 100Rank 17 of 72
Our read on MARO
In short
BIncome squeezed out of a bitcoin miner that trades like one. Launched in December 2024, MARO sells call spreads on MARA rather than plain covered calls, so the upside it gives away is a band, not everything above one strike.
Stated mandate
The fund seeks weekly income by actively selling call spreads on MARA while retaining participation in MARA share-price appreciation.
Why people hold it
Worth knowing
MARO Performance
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.
MARO$3,380
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.
| Period | MARO |
|---|---|
| Year to date | −37.9% |
| 1 month | −37.6% |
| 3 months | −41.1% |
| 1 year | −66.2% |
| 3 years | |
| 5 years | |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MARO |
|---|---|---|
| 2026 YTD | −37.9% | |
| 2025 | −48.1% | |
| 2024 | −19.6% |
MARO in the news
MARO Dividends
- 251.61%
- $5.71
- $0.03 per share
- Weekly
MARO Risk
- 55.9%
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.
- −0.86
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.
- −76.4%
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.
- 2.43
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.
MARO Cost
Overpaying vs KWIN, cheapest in Single-Stock Option Income
$8,523
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
MARO 1.00%
$18,688
KWIN 0.51% Cheapest
$10,165
Cost over time
Year by year
| Year | MARO | KWIN | Overpaying |
|---|---|---|---|
| 10 | $1,763 | $918 | $845 |
| 20 | $6,625 | $3,527 | $3,098 |
| 30 | $18,688 | $10,165 | $8,523 |
Other funds in Single-Stock Option Income
- BAPLYYieldMax AAPL Option Income Strategy ETFExpense ratio 1.04%1 year return +17.3%
- BGOOYYieldMax GOOGL Option Income Strategy ETFExpense ratio 1.14%1 year return −0.7%
- BNFLYYieldMax NFLX Option Income Strategy ETFExpense ratio 1.01%1 year return −40.8%
- BPLTYYieldMax PLTR Option Income Strategy ETFExpense ratio 1.07%1 year return −4.9%
- BSMCYYieldMax SMCI Option Income Strategy ETFExpense ratio 1.01%1 year return −37.0%
