ALIL vs. WNTR

Last updated Jul 15, 2026

ALIL (Argent Focused Small Cap ETF) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - ALIL is a Small Cap Blend Equities fund actively managed by Argent, while WNTR is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, ALIL returned 9.15% vs 119.74% for WNTR. At a correlation of -0.33, they often move in opposite directions. ALIL charges 0.74%/yr vs 1.01%/yr for WNTR.

Performance

ALIL vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Argent Focused Small Cap ETF (ALIL) 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, ALIL achieves a 8.74% return, which is significantly higher than WNTR's 5.96% return.

ALIL

• 1D: 1.20%
• 1M: -1.76%
• 6M: 3.65%
• YTD: 8.74%
• 1Y: 9.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

WNTR

• 1D: -3.79%
• 1M: 13.60%
• 6M: 16.72%
• YTD: 5.96%
• 1Y: 119.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ALIL vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
ALIL Argent Focused Small Cap ETF	8.74%	16.27%
WNTR YieldMax Short MSTR Option Income Strategy ETF	5.96%	27.81%

Correlation

The correlation between ALIL and WNTR is -0.32, 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	-0.32
Correlation (All Time) Calculated using the full available price history since Apr 9, 2025	-0.33

Return for Risk

ALIL vs. WNTR — Risk / Return Rank

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

ALIL

ALIL Risk / Return Rank: 19
ALIL Sharpe Ratio Rank: 18
ALIL Sortino Ratio Rank: 18
ALIL Omega Ratio Rank: 17
ALIL Calmar Ratio Rank: 20
ALIL Martin Ratio Rank: 21

WNTR

WNTR Risk / Return Rank: 70
WNTR Sharpe Ratio Rank: 87
WNTR Sortino Ratio Rank: 67
WNTR Omega Ratio Rank: 72
WNTR Calmar Ratio Rank: 71
WNTR Martin Ratio Rank: 53

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.

ALIL vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Argent Focused Small Cap ETF (ALIL) 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.

	ALIL	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	0.47	2.24	-1.78
Sortino ratio: Return per unit of downside risk	0.83	2.46	-1.63
Omega ratio: Gain probability vs. loss probability	1.09	1.34	-0.24
Calmar ratio: Return relative to maximum drawdown	0.73	2.82	-2.09
Martin ratio: Return relative to average drawdown	2.07	7.24	-5.17

ALIL vs. WNTR - Sharpe Ratio Comparison

The current ALIL Sharpe Ratio is 0.47, which is lower than the WNTR Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of ALIL 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

ALIL vs. WNTR - Drawdown Comparison

The maximum ALIL drawdown since its inception was -12.60%, smaller than the maximum WNTR drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for ALIL and WNTR.

Drawdown Indicators

	ALIL	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-12.60%	-42.65%	+30.05%
Max Drawdown (1Y) Largest decline over 1 year	-12.60%	-42.65%	+30.05%
Current Drawdown Current decline from peak	-5.58%	-13.55%	+7.97%
Average Drawdown Average peak-to-trough decline	-3.10%	-20.51%	+17.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.42%	16.60%	-12.18%

Volatility

ALIL vs. WNTR - Volatility Comparison

The current volatility for Argent Focused Small Cap ETF (ALIL) is 7.28%, while YieldMax Short MSTR Option Income Strategy ETF (WNTR) has a volatility of 19.07%. This indicates that ALIL 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

	ALIL	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.28%	19.07%	-11.79%
Volatility (6M) Calculated over the trailing 6-month period	15.15%	47.38%	-32.23%
Volatility (1Y) Calculated over the trailing 1-year period	19.74%	53.89%	-34.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.11%	53.60%	-32.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.11%	53.60%	-32.49%

ALIL vs. WNTR - Expense Ratio Comparison

ALIL has a 0.74% expense ratio, which is lower than WNTR's 1.01% expense ratio.

Dividends

ALIL vs. WNTR - Dividend Comparison

ALIL's dividend yield for the trailing twelve months is around 0.43%, less than WNTR's 106.17% yield.

Position	TTM	2025
ALIL Argent Focused Small Cap ETF	0.43%	0.47%
WNTR YieldMax Short MSTR Option Income Strategy ETF	106.17%	58.56%

Frequently Asked Questions

Can I hold both ALIL and WNTR in my portfolio?

ALIL and WNTR have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ALIL or WNTR?

WNTR has higher volatility (19.07%) compared to ALIL (7.28%). In terms of maximum drawdown, ALIL dropped -12.60% vs WNTR's -42.65%.

Which ETF is better, ALIL or WNTR?

On 1-year performance, WNTR leads with 119.74% vs 9.15% for ALIL. On fees, ALIL is cheaper at 0.74% per year. On volatility, ALIL has been the lower-risk option at 7.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ALIL or WNTR?

Over the 1-year period, WNTR has performed better with a 119.74% return vs 9.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ALIL or WNTR?

ALIL is cheaper with a 0.74% expense ratio, compared with 1.01% for WNTR.

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

WNTR has the higher dividend yield at 106.17%, compared with 0.43% for ALIL.

What is the main difference between ALIL and WNTR?

ALIL is categorized as Small Cap Blend Equities, while WNTR is Derivative Income. They also come from different issuers: Argent and YieldMax. Their fees differ too: 0.74% for ALIL and 1.01% for WNTR.

Which has better risk-adjusted returns?

WNTR currently has the higher Sharpe Ratio (2.24 vs 0.47), 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.