YieldMax MARA Option Income Strategy ETF (MARO) Performance
MARO total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −35.4% since Dec 31, 2025
- 1 year
- −66.3% total return
- Since first price
- −73.0% since 2024
MARO trailing returns vs SPY, QQQ, AGG
| Period | MARO total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −43.4% | −47.6% | −1.0% | −5.0% | +0.9% |
| 3 months | −44.7% | −54.8% | +3.2% | +1.9% | −0.4% |
| 6 months | −43.3% | −63.4% | +7.8% | +8.4% | −1.5% |
| YTD | −35.4% | −68.7% | +12.3% | +15.1% | −1.0% |
| 1 year | −66.3% | −86.2% | +14.4% | +15.9% | −1.1% |
| Since inceptionDec 10, 2024 | −73.0% | −95.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MARO vs SPY
From Dec 10, 2024: MARO grew to $2,696, SPY to $12,898.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MARO returns by calendar year
0 of 1 full years positive. Best 2025 (−48.0%), worst 2025 (−48.0%). 2026 is year to date.
MARO annual returns table
| Year | MARO | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −35.4% | −51.5% | +12.3% | +15.1% | −1.0% |
| 2025 | −48.0% | −54.7% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MARO largest drawdowns
Now 75.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 17, 2024 | −75.4% | Oct 23, 2026 | not yet | 1.8 years | 1.8 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MARO risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | −28.9% |
| Volatility (annualized) | 51.3% |
| Sharpe ratio | -0.47 |
| Sortino ratio | -0.61 |
| Best month | +32.5% |
| Worst month | −32.8% |
| Best 12 months | −19.6% |
| Worst 12 months | −50.0% |
| Positive months | 48% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MARO rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 11 | −65.0% | −41.7% | −19.6% | 0% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
MARO performance overview
YieldMax MARA Option Income Strategy ETF (MARO) returned −66.3% over the past year, with distributions reinvested. Since its first recorded price on Dec 10, 2024 it has returned −73.0%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −75.4%, from Dec 17, 2024 to Oct 23, 2026; the fund has not yet regained that high. Volatility has been 51.3% a year.
Related: MARO chart, MARO dividends. See the MARO overview for the latest quote and fund facts.
MARO performance FAQ
What is the MARO return over the past year?
MARO returned −66.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 86.2%.
How much would $10,000 invested in MARO be worth?
$10,000 invested in MARO at its first recorded close on December 10, 2024 would be worth about $2,696 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of MARO?
The largest peak-to-trough decline was −75.4% between December 17, 2024 and October 23, 2026. It has not yet recovered to that high; it is 75.4% below its peak.
How volatile is MARO?
Over the past history MARO had an annualized volatility of 51.3% and a Sharpe ratio of -0.47 (excess return over 1–3 month T-bills per unit of risk).