AMDG vs. WNTR

Last updated Aug 4, 2026

AMDG (Leverage Shares 2X Long AMD Daily ETF) and WNTR (YieldMax MSTR Short Option Income Strategy ETF) are both exchange-traded funds - AMDG is a Leveraged Equities fund actively managed by Leverage Shares, while WNTR is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, AMDG returned 333.53% vs 106.92% for WNTR. Their -0.38 correlation means they have often moved in opposite directions in the past. AMDG charges 0.75%/yr vs 1.00%/yr for WNTR.

Performance

AMDG vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long AMD Daily ETF (AMDG) 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, AMDG achieves a 241.41% return, which is significantly higher than WNTR's 10.51% return.

AMDG

• 1D: 3.25%
• 1M: -17.54%
• 6M: 167.35%
• YTD: 241.41%
• 1Y: 333.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 248.00%

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)
AMDG Leverage Shares 2X Long AMD Daily ETF	$7.65M	$7.77M	$8.81M
WNTR YieldMax MSTR Short Option Income Strategy ETF	$3.92M	$3.66M	$3.95M

AMDG vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
AMDG Leverage Shares 2X Long AMD Daily ETF	241.41%	158.99%
WNTR YieldMax MSTR Short Option Income Strategy ETF	10.51%	52.78%

Correlation

The correlation between AMDG and WNTR is -0.37, 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.	-0.37
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.38

Return for Risk

AMDG vs. WNTR — Risk / Return Rank

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

AMDG

AMDG Risk / Return Rank: 87
AMDG Sharpe Ratio Rank: 91
AMDG Sortino Ratio Rank: 85
AMDG Omega Ratio Rank: 83
AMDG Calmar Ratio Rank: 96
AMDG Martin Ratio Rank: 81

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.

AMDG vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long AMD Daily ETF (AMDG) 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.

	AMDG	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	2.36	1.97	+0.39
Sortino ratio: Return per unit of downside risk	2.92	2.27	+0.65
Omega ratio: Gain probability vs. loss probability	1.36	1.30	+0.06
Calmar ratio: Return relative to maximum drawdown	5.95	2.52	+3.43
Martin ratio: Return relative to average drawdown	11.16	6.38	+4.78

AMDG vs. WNTR - Sharpe Ratio Comparison

The current AMDG Sharpe Ratio is 2.36, which is comparable to the WNTR Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of AMDG 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

AMDG vs. WNTR - Drawdown Comparison

The maximum AMDG drawdown since its inception was -63.32%, which is greater than WNTR's maximum drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for AMDG and WNTR.

Drawdown Indicators

	AMDG	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-63.32%	-42.65%	-20.67%
Max Drawdown (1Y) Largest decline over 1 year	-56.48%	-42.65%	-13.83%
Current Drawdown Current decline from peak	-35.40%	-9.84%	-25.56%
Average Drawdown Average peak-to-trough decline	-25.07%	-20.15%	-4.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.06%	16.83%	+13.23%

Volatility

AMDG vs. WNTR - Volatility Comparison

Leverage Shares 2X Long AMD Daily ETF (AMDG) has a higher volatility of 48.57% compared to YieldMax MSTR Short Option Income Strategy ETF (WNTR) at 13.00%. This indicates that AMDG's price experiences larger fluctuations and is considered to be riskier than WNTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMDG	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	48.57%	13.00%	+35.57%
Volatility (6M) Calculated over the trailing 6-month period	112.40%	47.22%	+65.18%
Volatility (1Y) Calculated over the trailing 1-year period	142.88%	54.66%	+88.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	135.04%	53.34%	+81.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	135.04%	53.34%	+81.70%

AMDG vs. WNTR - Expense Ratio Comparison

AMDG has a 0.75% expense ratio, which is lower than WNTR's 1.00% expense ratio.

Dividends

AMDG vs. WNTR - Dividend Comparison

AMDG's dividend yield for the trailing twelve months is around 3.28%, less than WNTR's 107.26% yield.

Position	TTM	2025
AMDG Leverage Shares 2X Long AMD Daily ETF	3.28%	11.21%
WNTR YieldMax MSTR Short Option Income Strategy ETF	107.26%	58.56%

Frequently Asked Questions

Can I hold both AMDG and WNTR in my portfolio?

AMDG and WNTR have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMDG or WNTR?

AMDG has higher volatility (48.57%) compared to WNTR (13.00%). In terms of maximum drawdown, AMDG dropped -63.32% vs WNTR's -42.65%.

Which ETF is better, AMDG or WNTR?

On 1-year performance, AMDG leads with 333.53% vs 106.92% for WNTR. On fees, AMDG is cheaper at 0.75% per year. On volatility, WNTR has been the lower-risk option at 13.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMDG or WNTR?

Over the 1-year period, AMDG has performed better with a 333.53% return vs 106.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMDG or WNTR?

AMDG is cheaper with a 0.75% expense ratio, compared with 1.00% for WNTR.

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

WNTR has the higher dividend yield at 107.26%, compared with 3.28% for AMDG.

What is the main difference between AMDG and WNTR?

AMDG is categorized as Leveraged Equities, while WNTR is Derivative Income. They also come from different issuers: Leverage Shares and YieldMax. Their fees differ too: 0.75% for AMDG and 1.00% for WNTR.

Which has better risk-adjusted returns?

AMDG currently has the higher Sharpe Ratio (2.36 vs 1.97), 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.