MARO vs PMAY
YieldMax MARA Option Income Strategy ETF vs Innovator US Equity Power Buffer ETF - May
Which is better, MARO or PMAY?
PMAY has been ahead.
PMAY has a lower expense ratio. PMAY led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MARO | PMAY |
|---|---|---|
| Expense Ratio | 1.00% | 0.79%Best |
| AUM | $48M | $820M |
| Dividend Yield | 207.22% | 0.00% |
| Holdings | 21 | 12 |
| YTD Return | -30.99% | +7.13%Best |
| 1Y Return | -65.63% | +9.34%Best |
| 3Y Return (annualized) | - | +12.43% |
| 5Y Return (annualized) | - | +7.24% |
| Volatility (annualized) | 52.8% | 3.4%Best |
| Max Drawdown | -72.0% | -9.4%Best |
| $10,000 over 1.8 years | $3,155 | $11,749Best |
| Fund Family | YieldMax ETF | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Dec 9, 2024 | Apr 30, 2020 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Dec 10, 2024 to Oct 14, 2026 (1.8 years).
MARO vs PMAY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.8 years both funds cover.
MARO vs PMAY Performance
YieldMax MARA Option Income Strategy ETF (MARO) is an ETF from YieldMax ETF and Innovator US Equity Power Buffer ETF - May (PMAY) is an ETF from Innovator ETFs Trust. Over the past year MARO returned -65.63% while PMAY returned +9.34%. Year to date, MARO is down 30.99% versus a gain of 7.13% for PMAY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MARO has been the more volatile fund, with annualized monthly volatility of 52.8% compared with 3.4% for PMAY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -72.0% for MARO and -9.4% for PMAY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.47. They move together some of the time, and apart the rest.
Fees and Cost Over Time
MARO charges 1.00% per year while PMAY charges 0.79%. On a $10,000 position that is $100 vs $79 annually, a gap of $21 per year that compounds over a long holding period. On income, MARO currently yields 207.22% against 0.00% for PMAY.
You are not choosing between two funds in isolation.
Whichever of MARO and PMAY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MARO or PMAY?
MARO has an expense ratio of 1.00% while PMAY charges 0.79%. PMAY is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, MARO or PMAY?
Over the past year MARO returned -65.63% vs +9.34% for PMAY, so PMAY leads on 1-year performance. Over the longest common window we track (2 years), MARO annualized -47.32% vs +9.37% for PMAY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MARO or PMAY?
MARO has been the more volatile fund at 52.8% annualized versus 3.4% for PMAY. Worst drawdown: MARO -72.0% vs PMAY -9.4%.
Should I hold both MARO and PMAY?
MARO and PMAY have a monthly-return correlation of 0.47, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, MARO or PMAY?
MARO yields 207.22% while PMAY yields 0.00%, so MARO currently pays the higher dividend yield.
Is PMAY better than MARO?
PMAY has a lower expense ratio. PMAY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.