AVGV vs. WNTR

Last updated Jul 17, 2026

AVGV (Avantis All Equity Markets Value ETF) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - AVGV is a Global Equities fund actively managed by Avantis, while WNTR is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, AVGV returned 32.54% vs 127.90% for WNTR. At a correlation of -0.39, they often move in opposite directions. AVGV charges 0.26%/yr vs 1.01%/yr for WNTR.

Performance

AVGV vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis All Equity Markets Value ETF (AVGV) 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, AVGV achieves a 17.85% return, which is significantly higher than WNTR's 9.49% return.

AVGV

• 1D: 0.00%
• 1M: -0.44%
• 6M: 12.29%
• YTD: 17.85%
• 1Y: 32.54%
• 3Y*: 20.19%
• 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)

AVGV vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
AVGV Avantis All Equity Markets Value ETF	17.85%	20.77%
WNTR YieldMax Short MSTR Option Income Strategy ETF	9.49%	52.78%

Correlation

The correlation between AVGV and WNTR is -0.36, 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	-0.36
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.39

Return for Risk

AVGV vs. WNTR — Risk / Return Rank

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

AVGV

AVGV Risk / Return Rank: 90
AVGV Sharpe Ratio Rank: 91
AVGV Sortino Ratio Rank: 91
AVGV Omega Ratio Rank: 89
AVGV Calmar Ratio Rank: 88
AVGV Martin Ratio Rank: 89

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.

AVGV vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis All Equity Markets Value ETF (AVGV) 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.

	AVGV	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	2.48	2.39	+0.08
Sortino ratio: Return per unit of downside risk	3.46	2.56	+0.90
Omega ratio: Gain probability vs. loss probability	1.45	1.35	+0.10
Calmar ratio: Return relative to maximum drawdown	4.03	3.02	+1.01
Martin ratio: Return relative to average drawdown	15.48	7.72	+7.76

AVGV vs. WNTR - Sharpe Ratio Comparison

The current AVGV Sharpe Ratio is 2.48, which is comparable to the WNTR Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of AVGV 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

AVGV vs. WNTR - Drawdown Comparison

The maximum AVGV drawdown since its inception was -17.03%, smaller than the maximum WNTR drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for AVGV and WNTR.

Drawdown Indicators

	AVGV	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-17.03%	-42.65%	+25.62%
Max Drawdown (1Y) Largest decline over 1 year	-8.12%	-42.65%	+34.53%
Max Drawdown (3Y) Largest decline over 3 years	-17.03%	—	—
Current Drawdown Current decline from peak	-0.83%	-10.67%	+9.84%
Average Drawdown Average peak-to-trough decline	-2.26%	-20.46%	+18.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	16.63%	-14.52%

Volatility

AVGV vs. WNTR - Volatility Comparison

The current volatility for Avantis All Equity Markets Value ETF (AVGV) is 2.77%, while YieldMax Short MSTR Option Income Strategy ETF (WNTR) has a volatility of 17.89%. This indicates that AVGV 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

	AVGV	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.77%	17.89%	-15.12%
Volatility (6M) Calculated over the trailing 6-month period	10.33%	47.05%	-36.72%
Volatility (1Y) Calculated over the trailing 1-year period	13.21%	53.81%	-40.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.90%	53.49%	-38.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.90%	53.49%	-38.59%

AVGV vs. WNTR - Expense Ratio Comparison

AVGV has a 0.26% expense ratio, which is lower than WNTR's 1.01% expense ratio.

Dividends

AVGV vs. WNTR - Dividend Comparison

AVGV's dividend yield for the trailing twelve months is around 1.62%, less than WNTR's 106.86% yield.

Position	TTM	2025	2024	2023
AVGV Avantis All Equity Markets Value ETF	1.62%	1.98%	2.32%	1.14%
WNTR YieldMax Short MSTR Option Income Strategy ETF	106.86%	58.56%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVGV and WNTR in my portfolio?

AVGV and WNTR have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVGV or WNTR?

WNTR has higher volatility (17.89%) compared to AVGV (2.77%). In terms of maximum drawdown, AVGV dropped -17.03% vs WNTR's -42.65%.

Which ETF is better, AVGV or WNTR?

On 1-year performance, WNTR leads with 127.90% vs 32.54% for AVGV. On fees, AVGV is cheaper at 0.26% per year. On volatility, AVGV has been the lower-risk option at 2.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVGV or WNTR?

Over the 1-year period, WNTR has performed better with a 127.90% return vs 32.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVGV or WNTR?

AVGV is cheaper with a 0.26% expense ratio, compared with 1.01% for WNTR.

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

WNTR has the higher dividend yield at 106.86%, compared with 1.62% for AVGV.

What is the main difference between AVGV and WNTR?

AVGV is categorized as Global Equities, while WNTR is Derivative Income. They also come from different issuers: Avantis and YieldMax. Their fees differ too: 0.26% for AVGV and 1.01% for WNTR.

Which has better risk-adjusted returns?

AVGV currently has the higher Sharpe Ratio (2.48 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.