ARKW vs. WNTR
ARKW (ARK Next Generation Internet ETF) and WNTR (YieldMax MSTR Short Option Income Strategy ETF) are both exchange-traded funds - ARKW is a Mid Cap Growth Equities fund actively managed by ARK, while WNTR is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, ARKW returned -4.74% vs 106.92% for WNTR. Their -0.66 correlation means they have often moved in opposite directions in the past. ARKW charges 0.76%/yr vs 1.00%/yr for WNTR.
Performance
ARKW vs. WNTR - Performance Comparison
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Returns By Period
In the year-to-date period, ARKW achieves a -4.64% return, which is significantly lower than WNTR's 10.51% return.
ARKW
- 1D
- 2.95%
- 1M
- -2.97%
- 6M
- 4.60%
- YTD
- -4.64%
- 1Y
- -4.74%
- 3Y*
- 32.39%
- 5Y*
- -0.92%
- 10Y*
- 21.34%
- ALL TIME*
- 19.87%
WNTR
- 1D
- -0.22%
- 1M
- 7.89%
- 6M
- 8.31%
- YTD
- 10.51%
- 1Y
- 106.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 47.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.17M | $12.26M | $13.73M | |
| $3.92M | $3.66M | $3.95M |
ARKW vs. WNTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ARKW ARK Next Generation Internet ETF | -4.64% | 47.36% |
WNTR YieldMax MSTR Short Option Income Strategy ETF | 10.51% | 52.78% |
Correlation
The correlation between ARKW and WNTR is -0.69, 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. | -0.69 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025 | -0.66 |
The correlation between ARKW and WNTR has been stable across timeframes, ranging from -0.69 to -0.66 - a consistent structural relationship.
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Return for Risk
ARKW vs. WNTR — Risk / Return Rank
ARKW
WNTR
ARKW vs. WNTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Next Generation Internet ETF (ARKW) 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.
| ARKW | WNTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.11 | ||
| Sortino ratioReturn per unit of downside risk | -2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.30 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 2.52 | -2.65 |
| Martin ratioReturn relative to average drawdown | -0.25 | 6.38 | -6.62 |
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Drawdowns
ARKW vs. WNTR - Drawdown Comparison
The maximum ARKW drawdown since its inception was -80.52%, which is greater than WNTR's maximum drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for ARKW and WNTR.
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Drawdown Indicators
| ARKW | WNTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.52% | -42.65% | -37.87% |
Max Drawdown (1Y)Largest decline over 1 year | -36.21% | -42.65% | +6.44% |
Max Drawdown (3Y)Largest decline over 3 years | -36.21% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -77.36% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -80.52% | — | — |
Current DrawdownCurrent decline from peak | -23.57% | -9.84% | -13.73% |
Average DrawdownAverage peak-to-trough decline | -23.95% | -20.15% | -3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.38% | 16.83% | +2.55% |
Volatility
ARKW vs. WNTR - Volatility Comparison
The current volatility for ARK Next Generation Internet ETF (ARKW) is 9.38%, while YieldMax MSTR Short Option Income Strategy ETF (WNTR) has a volatility of 13.00%. This indicates that ARKW 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
| ARKW | WNTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.38% | 13.00% | -3.62% |
Volatility (6M)Calculated over the trailing 6-month period | 25.80% | 47.22% | -21.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.40% | 54.66% | -21.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.79% | 53.34% | -9.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.84% | 53.34% | -15.50% |
ARKW vs. WNTR - Expense Ratio Comparison
ARKW has a 0.76% expense ratio, which is lower than WNTR's 1.00% expense ratio.
Dividends
ARKW vs. WNTR - Dividend Comparison
ARKW's dividend yield for the trailing twelve months is around 1.67%, less than WNTR's 107.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARKW ARK Next Generation Internet ETF | 1.67% | 1.59% | 0.00% | 0.00% | 0.00% | 0.17% | 1.29% | 0.00% | 13.05% | 2.05% | 0.00% | 2.29% |
WNTR YieldMax MSTR Short Option Income Strategy ETF | 107.26% | 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
ARKW and WNTR have a correlation of -0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WNTR has higher volatility (13.00%) compared to ARKW (9.38%). In terms of maximum drawdown, ARKW dropped -80.52% vs WNTR's -42.65%.
On 1-year performance, WNTR leads with 106.92% vs -4.74% for ARKW. On fees, ARKW is cheaper at 0.76% per year. On volatility, ARKW has been the lower-risk option at 9.38%. 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 106.92% return vs -4.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ARKW is cheaper with a 0.76% expense ratio, compared with 1.00% for WNTR.
WNTR has the higher dividend yield at 107.26%, compared with 1.67% for ARKW.
ARKW is categorized as Mid Cap Growth Equities, while WNTR is Derivative Income. They also come from different issuers: ARK and YieldMax. Their fees differ too: 0.76% for ARKW and 1.00% for WNTR.
WNTR currently has the higher Sharpe Ratio (1.97 vs -0.14), 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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