ASMG vs. WNTR

Last updated Jul 17, 2026

ASMG (Leverage Shares 2X Long ASML Daily ETF) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - ASMG 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, ASMG returned 310.91% vs 127.90% for WNTR. At a correlation of -0.27, they often move in opposite directions. ASMG charges 0.75%/yr vs 1.01%/yr for WNTR.

Performance

ASMG vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long ASML Daily ETF (ASMG) 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, ASMG achieves a 126.91% return, which is significantly higher than WNTR's 9.49% return.

ASMG

• 1D: -4.38%
• 1M: -6.55%
• 6M: 50.06%
• YTD: 126.91%
• 1Y: 310.91%
• 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)

ASMG vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
ASMG Leverage Shares 2X Long ASML Daily ETF	126.91%	87.57%
WNTR YieldMax Short MSTR Option Income Strategy ETF	9.49%	52.78%

Correlation

The correlation between ASMG and WNTR is -0.26, 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	-0.26
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.27

Return for Risk

ASMG vs. WNTR — Risk / Return Rank

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

ASMG

ASMG Risk / Return Rank: 92
ASMG Sharpe Ratio Rank: 97
ASMG Sortino Ratio Rank: 87
ASMG Omega Ratio Rank: 82
ASMG Calmar Ratio Rank: 97
ASMG Martin Ratio Rank: 96

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.

ASMG vs. WNTR - Risk-Adjusted Trends Comparison

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

	ASMG	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	3.48	2.39	+1.09
Sortino ratio: Return per unit of downside risk	3.22	2.56	+0.67
Omega ratio: Gain probability vs. loss probability	1.39	1.35	+0.04
Calmar ratio: Return relative to maximum drawdown	9.06	3.02	+6.05
Martin ratio: Return relative to average drawdown	26.10	7.72	+18.38

ASMG vs. WNTR - Sharpe Ratio Comparison

The current ASMG Sharpe Ratio is 3.48, which is higher than the WNTR Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of ASMG 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

ASMG vs. WNTR - Drawdown Comparison

The maximum ASMG drawdown since its inception was -43.95%, roughly equal to the maximum WNTR drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for ASMG and WNTR.

Drawdown Indicators

	ASMG	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-43.95%	-42.65%	-1.30%
Max Drawdown (1Y) Largest decline over 1 year	-34.56%	-42.65%	+8.09%
Current Drawdown Current decline from peak	-21.39%	-10.67%	-10.72%
Average Drawdown Average peak-to-trough decline	-13.09%	-20.46%	+7.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.11%	16.63%	-4.52%

Volatility

ASMG vs. WNTR - Volatility Comparison

Leverage Shares 2X Long ASML Daily ETF (ASMG) has a higher volatility of 37.83% compared to YieldMax Short MSTR Option Income Strategy ETF (WNTR) at 17.89%. This indicates that ASMG'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

	ASMG	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	37.83%	17.89%	+19.94%
Volatility (6M) Calculated over the trailing 6-month period	73.15%	47.05%	+26.10%
Volatility (1Y) Calculated over the trailing 1-year period	91.70%	53.81%	+37.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.23%	53.49%	+35.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.23%	53.49%	+35.74%

ASMG vs. WNTR - Expense Ratio Comparison

ASMG has a 0.75% expense ratio, which is lower than WNTR's 1.01% expense ratio.

Dividends

ASMG vs. WNTR - Dividend Comparison

ASMG's dividend yield for the trailing twelve months is around 4.94%, less than WNTR's 106.86% yield.

Position	TTM	2025
ASMG Leverage Shares 2X Long ASML Daily ETF	4.94%	11.20%
WNTR YieldMax Short MSTR Option Income Strategy ETF	106.86%	58.56%

Frequently Asked Questions

Can I hold both ASMG and WNTR in my portfolio?

ASMG and WNTR have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASMG or WNTR?

ASMG has higher volatility (37.83%) compared to WNTR (17.89%). In terms of maximum drawdown, ASMG dropped -43.95% vs WNTR's -42.65%.

Which ETF is better, ASMG or WNTR?

On 1-year performance, ASMG leads with 310.91% vs 127.90% for WNTR. On fees, ASMG is cheaper at 0.75% per year. On volatility, WNTR has been the lower-risk option at 17.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ASMG or WNTR?

Over the 1-year period, ASMG has performed better with a 310.91% return vs 127.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ASMG or WNTR?

ASMG is cheaper with a 0.75% expense ratio, compared with 1.01% for WNTR.

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

WNTR has the higher dividend yield at 106.86%, compared with 4.94% for ASMG.

What is the main difference between ASMG and WNTR?

ASMG 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 ASMG and 1.01% for WNTR.

Which has better risk-adjusted returns?

ASMG currently has the higher Sharpe Ratio (3.48 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.