What this ETF is trying to do

The GraniteShares YieldBoost MARA ETF (ticker: MAAY) is a special type of investment called a "single-stock ETF." This means it focuses on the performance of just one company rather than many different companies. It is also related to the cryptocurrency market and uses "option income" strategies to generate cash.

What the numbers show

As of September 22, 2026, the current price of one share is approximately $5.15.

When looking at how this ETF has performed so far this year (Year-to-Date), it is important to look at two different numbers:

• Price Return: The share price itself has dropped by approximately 62.91%.

• Total Return: This number includes both the price changes and the cash payments made to investors. The total return for this year is approximately -18.19%.

Because the total return is a smaller negative number than the price return, it shows that the cash payments helped offset some of the loss in the share price.

Income and distribution explanation

This ETF is known for very frequent cash payments, called distributions. Over the last 12 months, there were 46 distributions. These happen almost every week, mostly on Fridays. The total amount of these distributions over the last year was approximately $11.05 per share.

The "distribution yield" is approximately 214.61%. This number describes how much cash is being paid out compared to the current share price. It is very important for new investors to know that a high distribution yield does not mean you have earned that much in profit. High cash payments can exist even if the share price is falling.

NAV erosion explanation

"NAV erosion" refers to a decline in the actual value of the assets held within the ETF. While the share price has declined this year, we do not have enough verified price history to provide a specific "erosion score." There is currently no "severe erosion-risk flag" for this ETF.

Pros

• Frequent Cash Flow: The ETF provides very frequent distributions, which happen almost weekly.

• High Yield: It offers a very high distribution yield compared to its current price.

Cons

• Price Decline: The share price has seen a significant decline so far this year.

• Single-Stock Risk: Because this is a single-stock ETF related to crypto, it may behave differently than an ETF that holds many different companies.

Beginner takeaway

When you see an ETF with a very high distribution yield, always look at the "total return" as well. The total return shows you the full picture by combining the change in share price with the cash payments you received. High cash payments do not guarantee that your original investment will keep its value.