AMDY vs. WNTR

Last updated Jul 17, 2026

AMDY (YieldMax AMD Option Income Strategy ETF) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, AMDY returned 156.26% vs 127.90% for WNTR. At a correlation of -0.39, they often move in opposite directions. AMDY charges 1.23%/yr vs 1.01%/yr for WNTR.

Performance

AMDY vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax AMD Option Income Strategy ETF (AMDY) 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, AMDY achieves a 97.19% return, which is significantly higher than WNTR's 9.49% return.

AMDY

• 1D: -5.15%
• 1M: -0.14%
• 6M: 92.76%
• YTD: 97.19%
• 1Y: 156.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

WNTR

• 1D: 2.96%
• 1M: 17.94%
• 6M: 21.62%
• YTD: 9.49%
• 1Y: 127.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMDY vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
AMDY YieldMax AMD Option Income Strategy ETF	97.19%	64.89%
WNTR YieldMax Short MSTR Option Income Strategy ETF	9.49%	52.78%

Correlation

The correlation between AMDY and WNTR is -0.37, 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	-0.37
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.39

Return for Risk

AMDY vs. WNTR — Risk / Return Rank

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

AMDY

AMDY Risk / Return Rank: 89
AMDY Sharpe Ratio Rank: 94
AMDY Sortino Ratio Rank: 87
AMDY Omega Ratio Rank: 87
AMDY Calmar Ratio Rank: 94
AMDY Martin Ratio Rank: 82

WNTR

WNTR Risk / Return Rank: 73
WNTR Sharpe Ratio Rank: 90
WNTR Sortino Ratio Rank: 71
WNTR Omega Ratio Rank: 75
WNTR Calmar Ratio Rank: 74
WNTR Martin Ratio Rank: 56

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.

AMDY vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax AMD Option Income Strategy ETF (AMDY) 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.

	AMDY	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	2.73	2.39	+0.34
Sortino ratio: Return per unit of downside risk	3.20	2.56	+0.64
Omega ratio: Gain probability vs. loss probability	1.43	1.35	+0.08
Calmar ratio: Return relative to maximum drawdown	5.70	3.02	+2.68
Martin ratio: Return relative to average drawdown	12.64	7.72	+4.92

AMDY vs. WNTR - Sharpe Ratio Comparison

The current AMDY Sharpe Ratio is 2.73, which is comparable to the WNTR Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of AMDY 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

AMDY vs. WNTR - Drawdown Comparison

The maximum AMDY drawdown since its inception was -53.92%, which is greater than WNTR's maximum drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for AMDY and WNTR.

Drawdown Indicators

	AMDY	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-53.92%	-42.65%	-11.27%
Max Drawdown (1Y) Largest decline over 1 year	-27.59%	-42.65%	+15.06%
Current Drawdown Current decline from peak	-11.44%	-10.67%	-0.77%
Average Drawdown Average peak-to-trough decline	-17.49%	-20.46%	+2.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.42%	16.63%	-4.21%

Volatility

AMDY vs. WNTR - Volatility Comparison

YieldMax AMD Option Income Strategy ETF (AMDY) and YieldMax Short MSTR Option Income Strategy ETF (WNTR) have volatilities of 17.85% and 17.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMDY	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.85%	17.89%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	45.40%	47.05%	-1.65%
Volatility (1Y) Calculated over the trailing 1-year period	57.53%	53.81%	+3.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.23%	53.49%	-6.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.23%	53.49%	-6.26%

AMDY vs. WNTR - Expense Ratio Comparison

AMDY has a 1.23% expense ratio, which is higher than WNTR's 1.01% expense ratio.

Dividends

AMDY vs. WNTR - Dividend Comparison

AMDY's dividend yield for the trailing twelve months is around 73.90%, less than WNTR's 106.86% yield.

Position	TTM	2025	2024	2023
AMDY YieldMax AMD Option Income Strategy ETF	73.90%	80.68%	109.98%	6.68%
WNTR YieldMax Short MSTR Option Income Strategy ETF	106.86%	58.56%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AMDY and WNTR in my portfolio?

AMDY 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, AMDY or WNTR?

WNTR has higher volatility (17.89%) compared to AMDY (17.85%). In terms of maximum drawdown, AMDY dropped -53.92% vs WNTR's -42.65%.

Which ETF is better, AMDY or WNTR?

On 1-year performance, AMDY leads with 156.26% vs 127.90% for WNTR. On fees, WNTR is cheaper at 1.01% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMDY or WNTR?

Over the 1-year period, AMDY has performed better with a 156.26% return vs 127.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMDY or WNTR?

WNTR is cheaper with a 1.01% expense ratio, compared with 1.23% for AMDY.

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

WNTR has the higher dividend yield at 106.86%, compared with 73.90% for AMDY.

What is the main difference between AMDY and WNTR?

They also come from different issuers: YieldMax ETFs and YieldMax. Their fees differ too: 1.23% for AMDY and 1.01% for WNTR.

Which has better risk-adjusted returns?

AMDY currently has the higher Sharpe Ratio (2.73 vs 2.39), 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.