YieldMax MARA Option Income Strategy ETF
$4.55−0.06 (−1.19%)
- Expense ratio
- 1.00%
- Fund size
- $58M
- 1Y return
- −39.9%
- Yield · Last 12 months
- 173.38%
- Volume · 30D
- 0.5M sh
- NAV per share
- $4.50
- 52W range
The ETF.net MARO Grade
Score 53 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 83Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.DScore 35Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.FScore 18Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 53Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 71Category rank
Our read on MARO
CIncome 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.
The fund seeks weekly income by actively selling call spreads on MARA while retaining participation in MARA share-price appreciation.
Why people hold it
- The spread twist: sell one call, own a higher-strike one. The giveaway is limited to the gap between strikes, and the fund keeps participating in MARA above it.
- A 1.00% expense ratio, a touch under the typical single-stock option income fund and under YieldMax's other MARA vehicle, MAAY, at 1.07%.
- One of the stronger builds in a crowded single-stock income cohort, and it trades actively, so getting in and out is rarely the hard part.
- Standard 1940 Act fund wrapper with income as the stated goal: distributions on a regular schedule, a 1099 at tax time, no K-1 paperwork.
Worth knowing
- Everything rides on one bitcoin miner. No diversification, and the fund's measured risk sits at the wild end of its peer group.
- MARA exposure comes through options, not shares. You hold a fund, not the stock, and the spread narrows the upside cap without removing it.
- Payouts come from option premiums, which rise and fall with MARA's volatility. The income stream is variable by design.
MARO Holdings
- Other
- —
- 110%
- United States Treasury Bill 02/18/2027
Geography
MARO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | +15.2% |
| 1 month | +13.9% |
| 3 months | −11.6% |
| 1 year | −39.9% |
| 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 | +15.2% | |
| 2025 | −48.1% | |
| 2024 | −19.6% |
MARO in the news
ETF.net Research hasn’t filed on MARO yet — coverage lands here as it’s written.
MARO Dividends
- 173.38%
- $7.99
- $0.07 per share
- Weekly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 17, 2026 | Sep 18, 2026 | $0.07 |
| Sep 10, 2026 | Sep 11, 2026 | $0.07 |
| Sep 3, 2026 | Sep 4, 2026 | $0.06 |
| Aug 27, 2026 | Aug 28, 2026 | $0.07 |
| Aug 20, 2026 | Aug 21, 2026 | $0.05 |
| Aug 13, 2026 | Aug 14, 2026 | $0.06 |
| Aug 6, 2026 | Aug 7, 2026 | $0.07 |
| Jul 30, 2026 | Jul 31, 2026 | $0.08 |
| Jul 23, 2026 | Jul 24, 2026 | $0.09 |
| Jul 16, 2026 | Jul 17, 2026 | $0.09 |
| Jul 9, 2026 | Jul 10, 2026 | $0.08 |
| Jul 2, 2026 | Jul 6, 2026 | $0.10 |
MARO Risk
- 51.7%
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.
- −0.59
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.
- −71.7%
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.
- 2.50
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MARO Cost
- The middle half of Single-Stock Option Income funds
- Median 1.07%
14 of the 71 Single-Stock Option Income funds charge less.