AOA vs. WNTR
AOA (iShares Core 80/20 Aggressive Allocation ETF) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - AOA is a Diversified Portfolio fund tracking the S&P Target Risk Aggressive Index, while WNTR is a Derivative Income fund actively managed by YieldMax. AOA is passively managed, while WNTR is actively managed. Over the past year, AOA returned 19.39% vs 119.74% for WNTR. At a correlation of -0.46, they often move in opposite directions. AOA charges 0.15%/yr vs 1.01%/yr for WNTR.
Performance
AOA vs. WNTR - Performance Comparison
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Returns By Period
In the year-to-date period, AOA achieves a 9.52% return, which is significantly higher than WNTR's 5.96% return.
AOA
- 1D
- 0.57%
- 1M
- 0.58%
- 6M
- 7.24%
- YTD
- 9.52%
- 1Y
- 19.39%
- 3Y*
- 15.93%
- 5Y*
- 8.95%
- 10Y*
- 10.31%
WNTR
- 1D
- -3.79%
- 1M
- 13.60%
- 6M
- 16.72%
- YTD
- 5.96%
- 1Y
- 119.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AOA vs. WNTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AOA iShares Core 80/20 Aggressive Allocation ETF | 9.52% | 18.32% |
WNTR YieldMax Short MSTR Option Income Strategy ETF | 5.96% | 52.78% |
Correlation
The correlation between AOA and WNTR is -0.45, 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 | -0.45 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025 | -0.46 |
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Return for Risk
AOA vs. WNTR — Risk / Return Rank
AOA
WNTR
AOA vs. WNTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core 80/20 Aggressive Allocation ETF (AOA) 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.
| AOA | WNTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.34 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 2.82 | -0.45 |
| Martin ratioReturn relative to average drawdown | 10.18 | 7.24 | +2.94 |
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Drawdowns
AOA vs. WNTR - Drawdown Comparison
The maximum AOA drawdown since its inception was -28.38%, smaller than the maximum WNTR drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for AOA and WNTR.
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Drawdown Indicators
| AOA | WNTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.38% | -42.65% | +14.27% |
Max Drawdown (1Y)Largest decline over 1 year | -8.20% | -42.65% | +34.45% |
Max Drawdown (3Y)Largest decline over 3 years | -12.94% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.62% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.38% | — | — |
Current DrawdownCurrent decline from peak | -0.87% | -13.55% | +12.68% |
Average DrawdownAverage peak-to-trough decline | -4.03% | -20.51% | +16.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 16.60% | -14.69% |
Volatility
AOA vs. WNTR - Volatility Comparison
The current volatility for iShares Core 80/20 Aggressive Allocation ETF (AOA) is 3.24%, while YieldMax Short MSTR Option Income Strategy ETF (WNTR) has a volatility of 19.07%. This indicates that AOA 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.
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Volatility by Period
| AOA | WNTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.24% | 19.07% | -15.83% |
Volatility (6M)Calculated over the trailing 6-month period | 9.49% | 47.38% | -37.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.29% | 53.89% | -42.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.09% | 53.60% | -40.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.49% | 53.60% | -40.11% |
AOA vs. WNTR - Expense Ratio Comparison
AOA has a 0.15% expense ratio, which is lower than WNTR's 1.01% expense ratio.
Dividends
AOA vs. WNTR - Dividend Comparison
AOA's dividend yield for the trailing twelve months is around 2.12%, less than WNTR's 106.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOA iShares Core 80/20 Aggressive Allocation ETF | 2.12% | 2.18% | 2.30% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.26% | 2.15% |
WNTR YieldMax Short MSTR Option Income Strategy ETF | 106.17% | 58.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AOA and WNTR have a correlation of -0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WNTR has higher volatility (19.07%) compared to AOA (3.24%). In terms of maximum drawdown, AOA dropped -28.38% vs WNTR's -42.65%.
On 1-year performance, WNTR leads with 119.74% vs 19.39% for AOA. On fees, AOA is cheaper at 0.15% per year. On volatility, AOA has been the lower-risk option at 3.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, WNTR has performed better with a 119.74% return vs 19.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AOA is cheaper with a 0.15% expense ratio, compared with 1.01% for WNTR.
WNTR has the higher dividend yield at 106.17%, compared with 2.12% for AOA.
AOA is categorized as Diversified Portfolio, while WNTR is Derivative Income. They also come from different issuers: iShares and YieldMax. Their fees differ too: 0.15% for AOA and 1.01% for WNTR.
WNTR currently has the higher Sharpe Ratio (2.24 vs 1.73), 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.
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