MARO vs HDGE

Comparison between YIELDMAX(R) MARA OPTION INCOME STRATEGY ETF (MARO, ETF) and ADVISORSHARES RANGER EQUITY BEAR ETF (HDGE, ETF).

MARO vs HDGE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MARO(ETF)	HDGE(ETF)
Net Assets	$66M	$66M
Expense Ratio	1.00%	3.62%
Max Drawdown	90.09%	94.83%
Sharpe Ratio	-0.44	-0.19
5Y Beta	2.00	-0.80
5Y Dividends CAGR	N/A	72.63%

Net Assets

MARO

$66M

Winner

HDGE

$66M

Expense Ratio

Winner

MARO

1.00%

HDGE

3.62%

Max Drawdown

Winner

MARO

90.09%

HDGE

94.83%

Sharpe Ratio

MARO

-0.44

Winner

HDGE

-0.19

5Y Beta

MARO

2.00

Winner

HDGE

-0.80

5Y Dividends CAGR

MARO

N/A

HDGE

72.63%

MARO vs HDGE - Holdings Comparison

MARO and HDGE have 0 common holdings. Overlap is 0.00%

MARO's top 25 holdings weight is 1.29%. HDGE's top 25 holdings weight is 115.51%.

Rank	MARO	HDGE
#1	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 1.31%	CASH (n/a) - 93.21%
#2	MARA HOLDINGS INC (MARA) - -0.02%	FIDELITY INSTL GOVT 657 C (n/a) - 61.66%
#3	N/A	BLACKROCK FEDERAL FD 30 INSTL (n/a) - 3.28%
#4	N/A	MAPLEBEAR INC (CART) - -1.38%
#5	N/A	SYNCHRONY FINANCIAL (SYF) - -1.60%
#6	N/A	E.L.F. BEAUTY INC (ELF) - -1.61%
#7	N/A	DYNATRACE INC ORDINARY SHARES (DT) - -1.66%
#8	N/A	UNITED PARKS & RESORTS INC (PRKS) - -1.66%
#9	N/A	PROCORE TECHNOLOGIES INC (PCOR) - -1.74%
#10	N/A	THE CIGNA GROUP (CI) - -1.75%
#11	N/A	CENTENE CORP (CNC) - -1.80%
#12	N/A	AMERICAN INTERNATIONAL GROUP INC (AIG) - -1.84%
#13	N/A	DROPBOX INC CLASS A (DBX) - -1.91%
#14	N/A	VERISK ANALYTICS INC (VRSK) - -1.97%
#15	N/A	MANHATTAN ASSOCIATES INC (MANH) - -2.09%
#16	N/A	GENUINE PARTS CO (GPC) - -2.11%
#17	N/A	NEWS CORP CLASS B (NWS) - -2.11%
#18	N/A	COPART INC (CPRT) - -2.11%
#19	N/A	ACI WORLDWIDE INC (ACIW) - -2.12%
#20	N/A	CDW CORP (CDW) - -2.14%
#21	N/A	NETAPP INC (NTAP) - -2.17%
#22	N/A	SKYWARD SPECIALTY INSURANCE GROUP INC (SKWD) - -2.18%
#23	N/A	PTC INC (PTC) - -2.20%
#24	N/A	DOCUSIGN INC (DOCU) - -2.24%
#25	N/A	PREFERRED BANK (PFBC) - -2.25%
Total Holdings	2	50

MARO vs HDGE - Historical Returns

Returns include dividend reinvestment.

Period	MARO	HDGE
1 month	-1.79%	-3.02%
3 months	+20.36%	-3.02%
6 months	-6.97%	+4.36%
1 year	-32.43%	-1.70%
5 years(CAGR)	N/A	-3.10%
10 years(CAGR)	N/A	-14.79%
Max(CAGR)	-39.31%	-14.99%

Winner

MARO

-1.79%

HDGE

-3.02%

Winner

MARO

+20.36%

HDGE

-3.02%

MARO

-6.97%

Winner

HDGE

+4.36%

MARO

-32.43%

Winner

HDGE

-1.70%

5Y(CAGR)

MARO

N/A

HDGE

-3.10%

10Y(CAGR)

MARO

N/A

HDGE

-14.79%

Max(CAGR)

MARO

-39.31%

Winner

HDGE

-14.99%

MARO vs HDGE - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	MARO	HDGE
2026	+7.29%	+3.28%
2025	-49.27%	+1.31%
2024	-19.61%	-8.56%
2023	N/A	-27.57%
2022	N/A	+17.59%
2021	N/A	-19.94%
2020	N/A	-43.36%
2019	N/A	-36.05%
2018	N/A	+8.77%
2017	N/A	-14.78%
2016	N/A	-15.25%
2015	N/A	-6.27%
2014	N/A	-11.12%
2013	N/A	-28.60%
2012	N/A	-25.75%
2011	N/A	+0.88%

MARO vs HDGE Drawdown Comparison

The maximum drawdown for MARO was -71.66%, occurring on Feb 5, 2026. This drawdown has not yet recovered.

The maximum drawdown for HDGE was -93.87%, occurring on Jan 21, 2025. This drawdown has not yet recovered.

The current MARO drawdown is -56.52%. The current HDGE drawdown is -93.15%.

Rank	MARO	HDGE
#1	-71.66% Dec 17, 2024 - Feb 5, 2026	-93.87% Oct 3, 2011 - Jan 21, 2025
#2	-2.41% Dec 11, 2024 - Dec 16, 2024	-14.93% Jan 28, 2011 - Aug 4, 2011
#3	N/A	-9.43% Aug 22, 2011 - Sep 22, 2011
#4	N/A	-6.69% Aug 10, 2011 - Aug 19, 2011
#5	N/A	-6.11% Sep 22, 2011 - Oct 3, 2011
#6	N/A	-2.75% Aug 8, 2011 - Aug 10, 2011

Correlation

Correlation between MARO and HDGE is -0.56 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.56

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