YieldMax Short MSTR Option Income Strategy ETF (WNTR) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with WNTR. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to WNTR
WNTR charges 1.01% annually. There are 227 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 29.28M | Nov 2024 | WNTR vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 324.77M | Mar 2024 | WNTR vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.73M | Sep 2024 | WNTR vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | WNTR vs FYEE | |
| Invesco S&P 500 BuyWrite ETF | 0.29% | 352.13M | Dec 2007 | WNTR vs PBP |
Best Risk-Adjusted Alternatives to WNTR
WNTR has a PortfoliosLab risk / return rank of 69. There are 46 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 96 | 474.96M | Oct 2022 | WNTR vs BUCK | |
| SoFi Enhanced Yield ETF | 96 | 34.73M | Nov 2023 | WNTR vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 94 | 246.95M | Jul 2023 | WNTR vs GOOY | |
| YieldMax Semiconductor Portfolio Option Income ETF | 94 | 1.16B | Apr 2025 | WNTR vs CHPY | |
| First Trust Nasdaq BuyWrite Income ETF | 92 | 938.31M | Jan 2014 | WNTR vs FTQI |
Top Performing WNTR Alternatives (YTD)
WNTR is at 6.35% YTD. There are 120 ETFs in the Derivative Income category with higher YTD returns, going as high as 182.49%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 182.49% | 27.86M | Oct 2025 | WNTR vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 181.24% | 116.76M | Jul 2025 | WNTR vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 107.90% | 443.39M | Sep 2023 | WNTR vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 93.46% | 127.56M | Oct 2023 | WNTR vs MRNY | |
| YieldMax Semiconductor Portfolio Option Income ETF | 70.62% | 1.16B | Apr 2025 | WNTR vs CHPY |
Lowest Volatility Alternatives to WNTR
WNTR has 53.75% 1-year volatility. There are 252 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.80%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.80% | 474.96M | Oct 2022 | WNTR vs BUCK | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.41% | 206.17M | Apr 2026 | WNTR vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.86% | 88.48M | Feb 2025 | WNTR vs HYTI | |
| Main Buywrite ETF | 4.85% | 1.26B | Dec 2015 | WNTR vs BUYW | |
| GraniteShares YieldBOOST 20Y+ Treasuries ETF | 5.00% | 726.94K | May 2026 | WNTR vs FIYY |
Lowest Drawdown Alternatives to WNTR
WNTR has a 1-year max drawdown of -42.65%. There are 145 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.84%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -0.84% | 474.96M | Oct 2022 | WNTR vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 88.48M | Feb 2025 | WNTR vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.26B | Dec 2015 | WNTR vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | WNTR vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | WNTR vs OMAH |
Other ETFs from YieldMax
The 10 most viewed YieldMax ETFs shown here include MSTY, ULTY, YMAX and span 6 categories. AUM among these funds goes as high as $1B.
Often Compared With WNTR
Investors most often compare WNTR with MSTR, MSTZ, MSTU. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare WNTR with Any Fund or Stock
Compare WNTR with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair WNTR with funds that move differently
YieldMax Short MSTR Option Income Strategy ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to WNTR.
Explore WNTR Diversifiers