BCFN vs. WNTR

Last updated Aug 2, 2026

BCFN (Baron Financials ETF) and WNTR (YieldMax MSTR Short Option Income Strategy ETF) are both exchange-traded funds - BCFN is a Financials Equities fund tracking the Actively Managed, while WNTR is a Derivative Income fund actively managed by YieldMax. BCFN is passively managed, while WNTR is actively managed. Their -0.34 correlation means they have often moved in opposite directions in the past. BCFN charges 0.80%/yr vs 1.00%/yr for WNTR.

Performance

BCFN vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baron Financials ETF (BCFN) and YieldMax MSTR Short 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, BCFN achieves a -8.91% return, which is significantly lower than WNTR's 10.75% return.

BCFN

• 1D: -0.22%
• 1M: 1.82%
• 6M: -4.65%
• YTD: -8.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

WNTR

• 1D: 3.26%
• 1M: 8.13%
• 6M: 14.92%
• YTD: 10.75%
• 1Y: 107.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 47.89%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BCFN Baron Financials ETF	$34.29K	$30.00K	$73.20K
WNTR YieldMax MSTR Short Option Income Strategy ETF	$4.02M	$3.86M	$3.95M

BCFN vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
BCFN Baron Financials ETF	-8.91%	-0.45%
WNTR YieldMax MSTR Short Option Income Strategy ETF	10.75%	12.87%

Correlation

The correlation between BCFN and WNTR is -0.34, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 15, 2025	-0.34

Return for Risk

BCFN vs. WNTR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BCFN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

WNTR

WNTR Risk / Return Rank: 75
WNTR Sharpe Ratio Rank: 88
WNTR Sortino Ratio Rank: 74
WNTR Omega Ratio Rank: 77
WNTR Calmar Ratio Rank: 77
WNTR Martin Ratio Rank: 58

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BCFN vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron Financials ETF (BCFN) 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.

	BCFN	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	—	2.12	—
Sortino ratio: Return per unit of downside risk	—	2.37	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	2.71	—
Martin ratio: Return relative to average drawdown	—	6.87	—

Drawdowns

BCFN vs. WNTR - Drawdown Comparison

The maximum BCFN drawdown since its inception was -20.95%, smaller than the maximum WNTR drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for BCFN and WNTR.

Drawdown Indicators

	BCFN	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-20.95%	-42.65%	+21.70%
Max Drawdown (1Y) Largest decline over 1 year	—	-42.65%	—
Current Drawdown Current decline from peak	-11.17%	-9.64%	-1.53%
Average Drawdown Average peak-to-trough decline	-12.62%	-20.18%	+7.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.81%	—

Volatility

Volatility by Period

	BCFN	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.85%	—
Volatility (6M) Calculated over the trailing 6-month period	—	47.43%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.88%	54.68%	-35.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.88%	53.42%	-34.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.88%	53.42%	-34.54%

BCFN vs. WNTR - Expense Ratio Comparison

BCFN has a 0.80% expense ratio, which is lower than WNTR's 1.00% expense ratio.

Dividends

BCFN vs. WNTR - Dividend Comparison

BCFN has not paid dividends to shareholders, while WNTR's dividend yield for the trailing twelve months is around 107.02%.

Position	TTM	2025
BCFN Baron Financials ETF	0.00%	0.00%
WNTR YieldMax MSTR Short Option Income Strategy ETF	107.02%	58.56%

Frequently Asked Questions

Can I hold both BCFN and WNTR in my portfolio?

BCFN and WNTR have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BCFN or WNTR?

On fees, BCFN is cheaper at 0.80% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BCFN or WNTR?

BCFN is cheaper with a 0.80% expense ratio, compared with 1.00% for WNTR.

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

WNTR has the higher dividend yield at 107.02%, compared with 0.00% for BCFN.

What is the main difference between BCFN and WNTR?

BCFN is categorized as Financials Equities, while WNTR is Derivative Income. They also come from different issuers: Baron Capital and YieldMax. Their fees differ too: 0.80% for BCFN and 1.00% for WNTR.