AGIX vs. WNTR

Last updated Aug 4, 2026

AGIX (KraneShares Artificial Intelligence & Technology ETF) and WNTR (YieldMax MSTR Short Option Income Strategy ETF) are both exchange-traded funds - AGIX is a Artificial Intelligence fund tracking the Solactive Etna Artificial General Intelligence Index, while WNTR is a Derivative Income fund actively managed by YieldMax. AGIX is passively managed, while WNTR is actively managed. Over the past year, AGIX returned 40.64% vs 106.92% for WNTR. Their -0.50 correlation means they have often moved in opposite directions in the past. Both charge a 1.00% expense ratio.

Performance

AGIX vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Artificial Intelligence & Technology ETF (AGIX) and YieldMax MSTR Short 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, AGIX achieves a 20.15% return, which is significantly higher than WNTR's 10.51% return.

AGIX

• 1D: 3.14%
• 1M: -1.79%
• 6M: 23.43%
• YTD: 20.15%
• 1Y: 40.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 31.65%

WNTR

• 1D: -0.22%
• 1M: 7.89%
• 6M: 8.31%
• YTD: 10.51%
• 1Y: 106.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 47.29%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AGIX KraneShares Artificial Intelligence & Technology ETF	$6.09M	$6.71M	$18.19M
WNTR YieldMax MSTR Short Option Income Strategy ETF	$3.92M	$3.66M	$3.95M

AGIX vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
AGIX KraneShares Artificial Intelligence & Technology ETF	20.15%	41.21%
WNTR YieldMax MSTR Short Option Income Strategy ETF	10.51%	52.78%

Correlation

The correlation between AGIX and WNTR is -0.53, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.53
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.50

The correlation between AGIX and WNTR has been stable across timeframes, ranging from -0.53 to -0.50 - a consistent structural relationship.

Return for Risk

AGIX vs. WNTR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AGIX

AGIX Risk / Return Rank: 53
AGIX Sharpe Ratio Rank: 58
AGIX Sortino Ratio Rank: 55
AGIX Omega Ratio Rank: 51
AGIX Calmar Ratio Rank: 56
AGIX Martin Ratio Rank: 44

WNTR

WNTR Risk / Return Rank: 69
WNTR Sharpe Ratio Rank: 83
WNTR Sortino Ratio Rank: 67
WNTR Omega Ratio Rank: 71
WNTR Calmar Ratio Rank: 70
WNTR Martin Ratio Rank: 53

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AGIX vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares Artificial Intelligence & Technology ETF (AGIX) and YieldMax MSTR Short 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.

	AGIX	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	1.42	1.97	-0.55
Sortino ratio: Return per unit of downside risk	1.97	2.27	-0.30
Omega ratio: Gain probability vs. loss probability	1.24	1.30	-0.07
Calmar ratio: Return relative to maximum drawdown	2.06	2.52	-0.46
Martin ratio: Return relative to average drawdown	5.12	6.38	-1.25

AGIX vs. WNTR - Sharpe Ratio Comparison

The current AGIX Sharpe Ratio is 1.42, which is comparable to the WNTR Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of AGIX 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

AGIX vs. WNTR - Drawdown Comparison

The maximum AGIX drawdown since its inception was -31.48%, smaller than the maximum WNTR drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for AGIX and WNTR.

Drawdown Indicators

	AGIX	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-31.48%	-42.65%	+11.17%
Max Drawdown (1Y) Largest decline over 1 year	-19.85%	-42.65%	+22.80%
Current Drawdown Current decline from peak	-11.70%	-9.84%	-1.86%
Average Drawdown Average peak-to-trough decline	-6.18%	-20.15%	+13.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.95%	16.83%	-8.88%

Volatility

AGIX vs. WNTR - Volatility Comparison

The current volatility for KraneShares Artificial Intelligence & Technology ETF (AGIX) is 10.14%, while YieldMax MSTR Short Option Income Strategy ETF (WNTR) has a volatility of 13.00%. This indicates that AGIX 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

	AGIX	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.14%	13.00%	-2.86%
Volatility (6M) Calculated over the trailing 6-month period	24.12%	47.22%	-23.10%
Volatility (1Y) Calculated over the trailing 1-year period	28.82%	54.66%	-25.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.15%	53.34%	-23.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.15%	53.34%	-23.19%

AGIX vs. WNTR - Expense Ratio Comparison

Both AGIX and WNTR have an expense ratio of 1.00%.

Dividends

AGIX vs. WNTR - Dividend Comparison

AGIX's dividend yield for the trailing twelve months is around 1.00%, less than WNTR's 107.26% yield.

Position	TTM	2025	2024
AGIX KraneShares Artificial Intelligence & Technology ETF	1.00%	1.21%	0.77%
WNTR YieldMax MSTR Short Option Income Strategy ETF	107.26%	58.56%	0.00%

Frequently Asked Questions

Can I hold both AGIX and WNTR in my portfolio?

AGIX and WNTR have a correlation of -0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AGIX or WNTR?

WNTR has higher volatility (13.00%) compared to AGIX (10.14%). In terms of maximum drawdown, AGIX dropped -31.48% vs WNTR's -42.65%.

Which ETF is better, AGIX or WNTR?

On 1-year performance, WNTR leads with 106.92% vs 40.64% for AGIX. Both ETFs have the same 1.00% expense ratio. On volatility, AGIX has been the lower-risk option at 10.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AGIX or WNTR?

Over the 1-year period, WNTR has performed better with a 106.92% return vs 40.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AGIX or WNTR?

AGIX and WNTR have the same expense ratio: 1.00% per year.

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

WNTR has the higher dividend yield at 107.26%, compared with 1.00% for AGIX.

What is the main difference between AGIX and WNTR?

AGIX is categorized as Artificial Intelligence, while WNTR is Derivative Income. They also come from different issuers: KraneShares and YieldMax.

Which has better risk-adjusted returns?

WNTR currently has the higher Sharpe Ratio (1.97 vs 1.42), 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.