MARO vs MRA: which paid, and which earned it?

MARO and MRA both write options for income. YieldMax(R) MARA Option Income Strategy ETF and GraniteShares Autocallable MARA ETF.

42.8%
MARO cash paid, 1 year
13.7%
MRA cash paid, since launch
−46.3%
MARO total return, 1 year
+4.6%
MRA total return, since launch
MARO · 1 year to Sep 30, 20268.4 pts behind MARA
MARO
−46.3%
MARA
−38.0%

8.4 pts behind MARA

MARO over 1 year: paid 42.8%, price −79.3%, total −46.3%, MARA −38.0%, −8.4 pts.

MARA

−38.0%

MARO

−46.3%

8.4 pts behind MARA

Total return, distributions reinvested

8.4 pts behind MARA

MARO over 1 year: paid 42.8%, price −79.3%, total −46.3%, MARA −38.0%, −8.4 pts.

MARA

−38.0%

MARO

−46.3%

8.4 pts behind MARA

42.8% of it arrived as cash. Total return, distributions reinvested. MARO over 1 year: paid 42.8%, price −79.3%, total −46.3%, MARA −38.0%, −8.4 pts.

MRA · since launch to Sep 30, 202625.5 pts ahead of MARA
MRA
+4.6%
MARA
−20.9%

25.5 pts ahead of MARA

MRA since launch: paid 13.7%, price −10.4%, total +4.6%, MARA −20.9%, +25.5 pts.

MARA

−20.9%

MRA

+4.6%

25.5 pts ahead of MARA

Total return, distributions reinvested

25.5 pts ahead of MARA

MRA since launch: paid 13.7%, price −10.4%, total +4.6%, MARA −20.9%, +25.5 pts.

MARA

−20.9%

MRA

+4.6%

25.5 pts ahead of MARA

13.7% of it arrived as cash. Both charts share one scale, 0 to +4.6%. MRA since launch: paid 13.7%, price −10.4%, total +4.6%, MARA −20.9%, +25.5 pts.

Performance, window by window

Total returnCash paidAgainst the benchmark
WindowMAROMRAMAROMRAMAROMRA
3 months−20.3%+7.2%16.0%7.5%−5.0 pts+22.4 pts
6 months+14.6%not published46.7%not published−26.3 ptsnot published
1 year−46.3%not published42.8%not published−8.4 ptsnot published
Since launch
MARO Dec 2024 · MRA May 2026
−58.5%+4.6%53.1%13.7%−8.1 pts+25.5 pts

MARO and MRA over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

MARO
YieldMax(R) MARA Option Income Strategy ETF · Synthetic covered call on MARA, paying weekly
MRA
GraniteShares Autocallable MARA ETF · Autocallable on MARA, paying monthly
Issuer YieldMax GraniteShares
Strategy synthetic covered call autocallable
Benchmark MARA (MARA) MARA (MARA)
Pays weekly monthly
Payout rate, annualized 106.7% 45.3%
Expense ratio 1.00% 1.07%
Cash paid, 1 year 42.8% 13.7% (since launch on May 27, 2026)
Price change, 1 year −79.3% −10.4%
Total return, 1 year −46.3% +4.6% (since launch on May 27, 2026)
Benchmark return, 1 year −38.0% −20.9%
Ahead or behind −8.4 pts +25.5 pts
Return of capital, latest estimate 0% not published
Age 659 days 126 days
Net assets $55m $1m

MARO and MRA on the same fields, as of Sep 30, 2026. Source: ETFIQ.

MARO in plain words

Over the year to Sep 30, 2026, MARO paid 42.8% of its starting value in cash distributions while its price fell 79.3%. With every distribution reinvested, the fund returned −46.3%. MARA (MARA) returned −38.0% over the same days, so a holder was behind by 8.4 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 106.7%, paid weekly. YieldMax estimates that 0% of the distribution paid Oct 2, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).

MRA in plain words

Over the period since launch on May 27, 2026 to Sep 30, 2026, MRA paid 13.7% of its starting value in cash distributions while its price fell 10.4%. With every distribution reinvested, the fund returned +4.6%. MARA (MARA) returned −20.9% over the same days, so a holder was ahead by 25.5 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 45.3%, paid monthly.

Questions people ask

Which is cheaper, MARO or MRA?
MARO charges 1.00% a year and MRA charges 1.07%, so MARO is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, MARO against MRA, data as of Sep 30, 2026. https://etfiq.com/compare/income/maro-vs-mra

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.