- CUSIP
- 88636R347
- Issuer
- YieldMax
- Inception Date
- Mar 26, 2025
- Region
- North America (U.S.)
- Category
- Derivative Income
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Assets Under Management
- $80M
Highlights
- Avg. Volume (1M)
- 135K
- Avg. Volume Value (1M)
- $3.66M
Share Price Chart
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Performance
WNTR Performance Chart
YieldMax MSTR Short Option Income Strategy ETF (WNTR) is up 7.9% since the beginning of the year. WNTR is currently trading at $26 per share.
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Returns By Period
YieldMax MSTR Short Option Income Strategy ETF (WNTR) has returned 7.92% so far this year and 106.98% over the past 12 months.
YieldMax MSTR Short Option Income Strategy ETF
- 1D
- -2.34%
- 1M
- 5.36%
- 6M
- 2.42%
- YTD
- 7.92%
- 1Y
- 106.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 44.62%
Benchmark (S&P 500 Index)
- 1D
- 1.79%
- 1M
- 3.38%
- 6M
- 11.83%
- YTD
- 13.02%
- 1Y
- 22.22%
- 3Y*
- 19.99%
- 5Y*
- 11.80%
- 10Y*
- 13.49%
- ALL TIME*
- 8.15%
WNTR Monthly Returns History
Based on dividend-adjusted daily data since Mar 27, 2025, WNTR's average daily return is +0.20%, while the average monthly return is +3.92%. At this rate, an investment would double in approximately 1.5 years.
Historically, 56% of months were positive and 44% were negative. The best month was Jun 2026 with a return of +43.3%, while the worst month was Apr 2026 at -25.7%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 4 months.
On a daily basis, WNTR closed higher 56% of trading days. The best single day was Feb 5, 2026 with a return of +13.4%, while the worst single day was Feb 6, 2026 at -19.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -3.62% | 8.36% | 1.75% | -25.74% | 1.57% | 43.34% | -3.60% | -2.56% | 7.92% | ||||
| 2025 | 4.93% | -19.45% | -0.06% | -4.19% | -2.77% | 12.83% | 1.92% | 14.02% | 29.47% | 14.36% | 52.78% |
Benchmark Metrics
YieldMax MSTR Short Option Income Strategy ETF has an annualized alpha of 137.33%, beta of -1.46, and R2 of 0.23 versus S&P 500 Index. Calculated based on daily prices since March 27, 2025.
- This ETF captured 23.79% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -604.13%) - a profile typical of hedging or uncorrelated assets.
- Beta of -1.46 may look defensive, but with R2 of 0.23 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.23 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 137.33%
- Beta
- -1.46
- R²
- 0.23
- Upside Capture
- 23.79%
- Downside Capture
- -604.13%
Expense Ratio
WNTR has a high expense ratio of 1.00%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
WNTR ranks 63 for risk / return — above 63% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for YieldMax MSTR Short Option Income Strategy ETF (WNTR) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WNTR | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.31 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 2.45 | +0.07 |
| Martin ratioReturn relative to average drawdown | 6.38 | 10.40 | -4.03 |
Dividends
Dividend History
YieldMax MSTR Short Option Income Strategy ETF provided a 109.83% dividend yield over the last twelve months, with an annual payout of $28.84 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $28.84 | $23.23 |
Dividend yield | 109.83% | 58.56% |
Monthly Dividends
The table displays the monthly dividend distributions for YieldMax MSTR Short Option Income Strategy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $2.67 | $2.41 | $2.10 | $2.08 | $1.16 | $1.86 | $2.63 | $0.00 | $14.92 | ||||
| 2025 | $2.72 | $3.07 | $3.51 | $2.20 | $3.30 | $2.67 | $3.33 | $2.43 | $23.23 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the YieldMax MSTR Short Option Income Strategy ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the YieldMax MSTR Short Option Income Strategy ETF was 42.65%, occurring on May 11, 2026. The portfolio has not yet recovered.
The current YieldMax MSTR Short Option Income Strategy ETF drawdown is 11.95%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-42.65%May 2026 | 3mo 4d | — | 6moFeb 2026 - now | — |
-38.59%Jul 2025 | 3mo 8d | 4mo | 7mo 8dApr 2025 - Nov 2025 | — |
-12.24%Jan 2026 | 12d | 15d | 27dJan 2026 - Jan 2026 | — |
-7.20%Dec 2025 | 1d | 12d | 13dDec 2025 - Dec 2025 | — |
-6.11%Apr 2025 | 2d | 1d | 3dMar 2025 - Apr 2025 | 2025 selloff2025 |
Drawdown Indicators
| WNTR | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.65% | -56.78% | +14.13% |
Max Drawdown (1Y)Largest decline over 1 year | -42.65% | -9.10% | -33.55% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -11.95% | 0.00% | -11.95% |
Average DrawdownAverage peak-to-trough decline | -20.12% | -10.70% | -9.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.84% | 2.14% | +14.70% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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