AAVM vs. WNTR

Last updated Jun 28, 2026

AAVM (Alpha Architect Global Factor Equity ETF) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - AAVM is a Multi-factor fund actively managed by Alpha Architect, while WNTR is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, AAVM returned 26.35% vs 119.08% for WNTR. At a correlation of -0.40, they often move in opposite directions. AAVM charges 0.45%/yr vs 1.01%/yr for WNTR.

Performance

AAVM vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alpha Architect Global Factor Equity ETF (AAVM) and YieldMax Short MSTR Option Income Strategy ETF (WNTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AAVM achieves a 13.49% return, which is significantly lower than WNTR's 20.79% return.

AAVM

• 1D: -0.72%
• 1M: -3.77%
• YTD: 13.49%
• 6M: 12.30%
• 1Y: 26.35%
• 3Y*: 17.90%
• 5Y*: 6.37%
• 10Y*: —

WNTR

• 1D: 2.67%
• 1M: 50.71%
• YTD: 20.79%
• 6M: 24.49%
• 1Y: 119.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AAVM vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
AAVM Alpha Architect Global Factor Equity ETF	13.49%	20.69%
WNTR YieldMax Short MSTR Option Income Strategy ETF	20.79%	52.78%

Correlation

The correlation between AAVM and WNTR is -0.40, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.40
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.40

Return for Risk

AAVM vs. WNTR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AAVM

AAVM Risk / Return Rank: 60
AAVM Sharpe Ratio Rank: 59
AAVM Sortino Ratio Rank: 59
AAVM Omega Ratio Rank: 59
AAVM Calmar Ratio Rank: 59
AAVM Martin Ratio Rank: 65

WNTR

WNTR Risk / Return Rank: 64
WNTR Sharpe Ratio Rank: 81
WNTR Sortino Ratio Rank: 61
WNTR Omega Ratio Rank: 64
WNTR Calmar Ratio Rank: 65
WNTR Martin Ratio Rank: 48

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AAVM vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alpha Architect Global Factor Equity ETF (AAVM) and YieldMax Short MSTR Option Income Strategy ETF (WNTR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	AAVM	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	1.71	2.28	-0.57
Sortino ratio: Return per unit of downside risk	2.44	2.52	-0.07
Omega ratio: Gain probability vs. loss probability	1.32	1.34	-0.02
Calmar ratio: Return relative to maximum drawdown	2.53	2.84	-0.31
Martin ratio: Return relative to average drawdown	10.22	7.26	+2.97

AAVM vs. WNTR - Sharpe Ratio Comparison

The current AAVM Sharpe Ratio is 1.71, which is comparable to the WNTR Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of AAVM and WNTR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AAVM vs. WNTR - Drawdown Comparison

The maximum AAVM drawdown since its inception was -34.71%, smaller than the maximum WNTR drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for AAVM and WNTR.

Drawdown Indicators

	AAVM	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-34.71%	-42.65%	+7.94%
Max Drawdown (1Y) Largest decline over 1 year	-10.85%	-42.65%	+31.80%
Max Drawdown (3Y) Largest decline over 3 years	-20.23%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.73%	—	—
Current Drawdown Current decline from peak	-3.77%	-1.46%	-2.31%
Average Drawdown Average peak-to-trough decline	-13.24%	-20.81%	+7.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.68%	16.66%	-13.98%

Volatility

AAVM vs. WNTR - Volatility Comparison

The current volatility for Alpha Architect Global Factor Equity ETF (AAVM) is 5.63%, while YieldMax Short MSTR Option Income Strategy ETF (WNTR) has a volatility of 18.15%. This indicates that AAVM experiences smaller price fluctuations and is considered to be less risky than WNTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AAVM	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.63%	18.15%	-12.52%
Volatility (6M) Calculated over the trailing 6-month period	13.79%	46.38%	-32.59%
Volatility (1Y) Calculated over the trailing 1-year period	16.07%	53.11%	-37.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.79%	53.27%	-37.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.96%	53.27%	-38.31%

AAVM vs. WNTR - Expense Ratio Comparison

AAVM has a 0.45% expense ratio, which is lower than WNTR's 1.01% expense ratio.

Dividends

AAVM vs. WNTR - Dividend Comparison

AAVM's dividend yield for the trailing twelve months is around 1.81%, less than WNTR's 91.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
AAVM Alpha Architect Global Factor Equity ETF	1.81%	2.05%	2.54%	4.13%	2.24%	0.82%	0.00%	1.76%	0.93%	0.81%
WNTR YieldMax Short MSTR Option Income Strategy ETF	91.89%	58.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AAVM and WNTR in my portfolio?

AAVM and WNTR have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AAVM or WNTR?

WNTR has higher volatility (18.15%) compared to AAVM (5.63%). In terms of maximum drawdown, AAVM dropped -34.71% vs WNTR's -42.65%.

Which ETF is better, AAVM or WNTR?

On 1-year performance, WNTR leads with 119.08% vs 26.35% for AAVM. On fees, AAVM is cheaper at 0.45% per year. On volatility, AAVM has been the lower-risk option at 5.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AAVM or WNTR?

Over the 1-year period, WNTR has performed better with a 119.08% return vs 26.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AAVM or WNTR?

AAVM is cheaper with a 0.45% expense ratio, compared with 1.01% for WNTR.

Which ETF pays a higher dividend yield, AAVM or WNTR?

WNTR has the higher dividend yield at 91.89%, compared with 1.81% for AAVM.

What is the main difference between AAVM and WNTR?

AAVM is categorized as Multi-factor, while WNTR is Derivative Income. They also come from different issuers: Alpha Architect and YieldMax. Their fees differ too: 0.45% for AAVM and 1.01% for WNTR.

Which has better risk-adjusted returns?

WNTR currently has the higher Sharpe Ratio (2.28 vs 1.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.