COIW vs. WNTR

Last updated Jun 4, 2026

COIW (COIN WeeklyPay™ ETF) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, COIW returned -47.92% vs 73.88% for WNTR. At a correlation of -0.72, they often move in opposite directions. COIW charges 0.99%/yr vs 1.01%/yr for WNTR.

Performance

COIW vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in COIN WeeklyPay™ ETF (COIW) 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, COIW achieves a -34.53% return, which is significantly lower than WNTR's -7.49% return.

COIW

• 1D: -7.79%
• 1M: -23.73%
• YTD: -34.53%
• 6M: -48.92%
• 1Y: -47.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

WNTR

• 1D: 4.50%
• 1M: 25.47%
• YTD: -7.49%
• 6M: 10.48%
• 1Y: 73.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

COIW vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
COIW COIN WeeklyPay™ ETF	-34.53%	12.48%
WNTR YieldMax Short MSTR Option Income Strategy ETF	-7.49%	54.43%

Correlation

The correlation between COIW and WNTR is -0.74, 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	-0.74
Correlation (All Time) Calculated using the full available price history since Mar 28, 2025	-0.72

The correlation between COIW and WNTR has been stable across timeframes, ranging from -0.74 to -0.72 - a consistent structural relationship.

Return for Risk

COIW vs. WNTR — Risk / Return Rank

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

COIW

COIW Risk / Return Rank: 4
COIW Sharpe Ratio Rank: 4
COIW Sortino Ratio Rank: 5
COIW Omega Ratio Rank: 5
COIW Calmar Ratio Rank: 3
COIW Martin Ratio Rank: 4

WNTR

WNTR Risk / Return Rank: 36
WNTR Sharpe Ratio Rank: 41
WNTR Sortino Ratio Rank: 35
WNTR Omega Ratio Rank: 39
WNTR Calmar Ratio Rank: 35
WNTR Martin Ratio Rank: 31

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.

COIW vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for COIN WeeklyPay™ ETF (COIW) 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.

	COIW	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	-0.57	1.47	-2.03
Sortino ratio: Return per unit of downside risk	-0.52	1.88	-2.40
Omega ratio: Gain probability vs. loss probability	0.94	1.26	-0.32
Calmar ratio: Return relative to maximum drawdown	-0.64	1.74	-2.39
Martin ratio: Return relative to average drawdown	-1.03	4.63	-5.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

COIW vs. WNTR - Sharpe Ratio Comparison

The current COIW Sharpe Ratio is -0.57, which is lower than the WNTR Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of COIW 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.

Sharpe Ratios by Period

	COIW	WNTR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.57	1.47	-2.03
Sharpe Ratio (All Time) Calculated using the full available price history	-0.46	0.68	-1.14

Drawdowns

COIW vs. WNTR - Drawdown Comparison

The maximum COIW drawdown since its inception was -74.55%, which is greater than WNTR's maximum drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for COIW and WNTR.

Drawdown Indicators

	COIW	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-74.55%	-42.65%	-31.90%
Max Drawdown (1Y) Largest decline over 1 year	-74.55%	-42.65%	-31.90%
Current Drawdown Current decline from peak	-70.36%	-24.53%	-45.83%
Average Drawdown Average peak-to-trough decline	-37.72%	-20.98%	-16.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.70%	16.02%	+30.68%

Volatility

COIW vs. WNTR - Volatility Comparison

COIN WeeklyPay™ ETF (COIW) has a higher volatility of 22.46% compared to YieldMax Short MSTR Option Income Strategy ETF (WNTR) at 13.12%. This indicates that COIW'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

	COIW	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.46%	13.12%	+9.34%
Volatility (6M) Calculated over the trailing 6-month period	61.94%	44.34%	+17.60%
Volatility (1Y) Calculated over the trailing 1-year period	84.90%	50.83%	+34.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	91.07%	52.42%	+38.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	91.07%	52.42%	+38.65%

COIW vs. WNTR - Expense Ratio Comparison

COIW has a 0.99% expense ratio, which is lower than WNTR's 1.01% expense ratio.

Dividends

COIW vs. WNTR - Dividend Comparison

COIW's dividend yield for the trailing twelve months is around 226.68%, more than WNTR's 116.75% yield.

Position	TTM	2025
COIW COIN WeeklyPay™ ETF	226.68%	120.37%
WNTR YieldMax Short MSTR Option Income Strategy ETF	116.75%	58.56%

Frequently Asked Questions

Can I hold both COIW and WNTR in my portfolio?

COIW and WNTR have a correlation of -0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COIW or WNTR?

COIW has higher volatility (22.46%) compared to WNTR (13.12%). In terms of maximum drawdown, COIW dropped -74.55% vs WNTR's -42.65%.

Which ETF is better, COIW or WNTR?

On 1-year performance, WNTR leads with 73.88% vs -47.92% for COIW. On fees, COIW is cheaper at 0.99% per year. On volatility, WNTR has been the lower-risk option at 13.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COIW or WNTR?

Over the 1-year period, WNTR has performed better with a 73.88% return vs -47.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COIW or WNTR?

COIW is cheaper with a 0.99% expense ratio, compared with 1.01% for WNTR.

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

COIW has the higher dividend yield at 226.68%, compared with 116.75% for WNTR.

What is the main difference between COIW and WNTR?

They also come from different issuers: Roundhill and YieldMax. Their fees differ too: 0.99% for COIW and 1.01% for WNTR.

Which has better risk-adjusted returns?

WNTR currently has the higher Sharpe Ratio (1.47 vs -0.57), 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.