AUGZ vs. WNTR

Last updated Jul 12, 2026

AUGZ (TrueShares Structured Outcome (August) ETF) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - AUGZ is a Defined Outcome fund tracking the S&P 500 Index, while WNTR is a Derivative Income fund actively managed by YieldMax. AUGZ is passively managed, while WNTR is actively managed. Over the past year, AUGZ returned 16.23% vs 116.49% for WNTR. At a correlation of -0.47, they often move in opposite directions. AUGZ charges 0.79%/yr vs 1.01%/yr for WNTR.

Performance

AUGZ vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Structured Outcome (August) ETF (AUGZ) and YieldMax Short MSTR Option Income Strategy ETF (WNTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with AUGZ having a 8.16% return and WNTR slightly lower at 8.06%.

AUGZ

• 1D: 0.45%
• 1M: 1.57%
• 6M: 6.62%
• YTD: 8.16%
• 1Y: 16.23%
• 3Y*: 15.43%
• 5Y*: 10.19%
• 10Y*: —

WNTR

• 1D: -0.43%
• 1M: 15.85%
• 6M: 10.45%
• YTD: 8.06%
• 1Y: 116.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AUGZ vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
AUGZ TrueShares Structured Outcome (August) ETF	8.16%	15.74%
WNTR YieldMax Short MSTR Option Income Strategy ETF	8.06%	52.78%

Correlation

The correlation between AUGZ 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	-0.47

Return for Risk

AUGZ vs. WNTR — Risk / Return Rank

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

AUGZ

AUGZ Risk / Return Rank: 58
AUGZ Sharpe Ratio Rank: 58
AUGZ Sortino Ratio Rank: 57
AUGZ Omega Ratio Rank: 57
AUGZ Calmar Ratio Rank: 55
AUGZ Martin Ratio Rank: 62

WNTR

WNTR Risk / Return Rank: 65
WNTR Sharpe Ratio Rank: 81
WNTR Sortino Ratio Rank: 63
WNTR Omega Ratio Rank: 67
WNTR Calmar Ratio Rank: 65
WNTR Martin Ratio Rank: 49

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.

AUGZ vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (August) ETF (AUGZ) 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.

	AUGZ	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	1.56	2.06	-0.50
Sortino ratio: Return per unit of downside risk	2.19	2.34	-0.15
Omega ratio: Gain probability vs. loss probability	1.28	1.32	-0.04
Calmar ratio: Return relative to maximum drawdown	2.21	2.60	-0.39
Martin ratio: Return relative to average drawdown	8.81	6.69	+2.12

AUGZ vs. WNTR - Sharpe Ratio Comparison

The current AUGZ Sharpe Ratio is 1.56, which is comparable to the WNTR Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of AUGZ 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

AUGZ vs. WNTR - Drawdown Comparison

The maximum AUGZ drawdown since its inception was -15.67%, smaller than the maximum WNTR drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for AUGZ and WNTR.

Drawdown Indicators

	AUGZ	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-15.67%	-42.65%	+26.98%
Max Drawdown (1Y) Largest decline over 1 year	-7.23%	-42.65%	+35.42%
Max Drawdown (3Y) Largest decline over 3 years	-14.52%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.67%	—	—
Current Drawdown Current decline from peak	-0.65%	-11.84%	+11.19%
Average Drawdown Average peak-to-trough decline	-3.09%	-20.57%	+17.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	16.58%	-14.77%

Volatility

AUGZ vs. WNTR - Volatility Comparison

The current volatility for TrueShares Structured Outcome (August) ETF (AUGZ) is 4.00%, while YieldMax Short MSTR Option Income Strategy ETF (WNTR) has a volatility of 18.80%. This indicates that AUGZ 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.

Volatility by Period

	AUGZ	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.00%	18.80%	-14.80%
Volatility (6M) Calculated over the trailing 6-month period	8.28%	47.57%	-39.29%
Volatility (1Y) Calculated over the trailing 1-year period	10.22%	53.81%	-43.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.08%	53.62%	-41.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.14%	53.62%	-41.48%

AUGZ vs. WNTR - Expense Ratio Comparison

AUGZ has a 0.79% expense ratio, which is lower than WNTR's 1.01% expense ratio.

Dividends

AUGZ vs. WNTR - Dividend Comparison

AUGZ's dividend yield for the trailing twelve months is around 3.35%, less than WNTR's 104.11% yield.

Position	TTM	2025	2024	2023	2022
AUGZ TrueShares Structured Outcome (August) ETF	3.35%	3.63%	4.08%	3.42%	0.41%
WNTR YieldMax Short MSTR Option Income Strategy ETF	104.11%	58.56%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AUGZ and WNTR in my portfolio?

AUGZ 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.

Which is riskier, AUGZ or WNTR?

WNTR has higher volatility (18.80%) compared to AUGZ (4.00%). In terms of maximum drawdown, AUGZ dropped -15.67% vs WNTR's -42.65%.

Which ETF is better, AUGZ or WNTR?

On 1-year performance, WNTR leads with 116.49% vs 16.23% for AUGZ. On fees, AUGZ is cheaper at 0.79% per year. On volatility, AUGZ has been the lower-risk option at 4.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AUGZ or WNTR?

Over the 1-year period, WNTR has performed better with a 116.49% return vs 16.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AUGZ or WNTR?

AUGZ is cheaper with a 0.79% expense ratio, compared with 1.01% for WNTR.

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

WNTR has the higher dividend yield at 104.11%, compared with 3.35% for AUGZ.

What is the main difference between AUGZ and WNTR?

AUGZ is categorized as Defined Outcome, while WNTR is Derivative Income. They also come from different issuers: TrueShares and YieldMax. Their fees differ too: 0.79% for AUGZ and 1.01% for WNTR.

Which has better risk-adjusted returns?

WNTR currently has the higher Sharpe Ratio (2.06 vs 1.56), 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.