MARO
YieldMax MARA Option Income Strategy ETF
YieldMax MARA Option Income Strategy ETF seeks to provide investors with income and capital appreciation by primarily investing in a portfolio of securities related to cryptocurrency and employing an options trading strategy.
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
116.5 M
ASSETS UNDER MGMT
99 bp
EXPENSES
Fund Basics
| Fund sponsor | YieldMax |
| Category | Risk Management |
| Asset class | Derivatives |
| Website | link... |
| Inception date | Dec 09, 2024 |
| Assets (mns) | $116 |
| Expense ratio | 99 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| UNITED STATES TREASURY BILL 11/06/2025 | 30.7 % |
| UNITED STATES TREASURY BILL 02/19/2026 | 26.8 % |
| UNITED STATES TREASURY BILL 07/09/2026 | 14.9 % |
| UNITED STATES TREASURY NOTE/BOND 3.875% 01/15 | 13.5 % |
| CASH & OTHER | 10.4 % |
| MARA US 09/19/25 C18 | 10.1 % |
| UNITED STATES TREASURY NOTE/BOND 4.25% 10/15/ | 6.6 % |
| UNITED STATES TREASURY BILL 08/14/2025 | 2.0 % |
| MARA US 08/01/25 C19.5 | 0.5 % |
| MARA US 08/01/25 C19 | 0.1 % |
Asset Allocation
Historical Performance
Standardized Performance (as of 07/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -48.2% | -- | -- | -- | -- | -- | -- | -58.4% |
| Dividend Yield | 31.2% | -- | -- | -- | -- | -- | -- | 25.1% |
| Total Returns | -17.0% | -- | -- | -- | -- | -- | -- | -33.3% | Ann. Volatility | 69.7% | -- | -- | -- | -- | -- | -- | 69.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 429 |
| ADV traded (mns) | $8 |
| Turnover | 7.0% |
| Avg. Bid/Ask (% of price) | 0.41% |
Technical Indicators
| Recent close | $19.02 |
| 30d moving avg. | $22.35 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 44 |
| Short interest | 1.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Active Risk Management Derivatives ETFs |
| # of ETFs | 109 |
| Avg. Expense Ratio | 85.0 bp |
| Std. Deviation | 17 bp |
| MARO (99 bp) Percentile rank | 59 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| MARO | 99.0 | 41.0 | 140 |
| Peer Avg. | 94.4 | 32.9 | 127.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .