DEHP vs. WNTR

Last updated Jul 17, 2026

DEHP (Dimensional Emerging Markets High Profitability ETF) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - DEHP is a Emerging Markets Diversified fund actively managed by Dimensional, while WNTR is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, DEHP returned 41.99% vs 127.90% for WNTR. At a correlation of -0.37, they often move in opposite directions. DEHP charges 0.41%/yr vs 1.01%/yr for WNTR.

Performance

DEHP vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional Emerging Markets High Profitability ETF (DEHP) 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, DEHP achieves a 23.14% return, which is significantly higher than WNTR's 9.49% return.

DEHP

• 1D: -2.38%
• 1M: -7.06%
• 6M: 16.35%
• YTD: 23.14%
• 1Y: 41.99%
• 3Y*: 19.92%
• 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)

DEHP vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
DEHP Dimensional Emerging Markets High Profitability ETF	23.14%	27.86%
WNTR YieldMax Short MSTR Option Income Strategy ETF	9.49%	52.78%

Correlation

The correlation between DEHP and WNTR is -0.37, 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	-0.37
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.37

Return for Risk

DEHP vs. WNTR — Risk / Return Rank

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

DEHP

DEHP Risk / Return Rank: 66
DEHP Sharpe Ratio Rank: 62
DEHP Sortino Ratio Rank: 55
DEHP Omega Ratio Rank: 64
DEHP Calmar Ratio Rank: 78
DEHP Martin Ratio Rank: 73

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.

DEHP vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Emerging Markets High Profitability ETF (DEHP) 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.

	DEHP	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	1.64	2.39	-0.76
Sortino ratio: Return per unit of downside risk	2.15	2.56	-0.40
Omega ratio: Gain probability vs. loss probability	1.31	1.35	-0.04
Calmar ratio: Return relative to maximum drawdown	3.21	3.02	+0.19
Martin ratio: Return relative to average drawdown	10.49	7.72	+2.77

DEHP vs. WNTR - Sharpe Ratio Comparison

The current DEHP Sharpe Ratio is 1.64, which is lower than the WNTR Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of DEHP 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

DEHP vs. WNTR - Drawdown Comparison

The maximum DEHP drawdown since its inception was -22.90%, smaller than the maximum WNTR drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for DEHP and WNTR.

Drawdown Indicators

	DEHP	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-22.90%	-42.65%	+19.75%
Max Drawdown (1Y) Largest decline over 1 year	-13.16%	-42.65%	+29.49%
Max Drawdown (3Y) Largest decline over 3 years	-19.14%	—	—
Current Drawdown Current decline from peak	-11.76%	-10.67%	-1.09%
Average Drawdown Average peak-to-trough decline	-5.76%	-20.46%	+14.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.01%	16.63%	-12.62%

Volatility

DEHP vs. WNTR - Volatility Comparison

The current volatility for Dimensional Emerging Markets High Profitability ETF (DEHP) is 11.72%, while YieldMax Short MSTR Option Income Strategy ETF (WNTR) has a volatility of 17.89%. This indicates that DEHP 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

	DEHP	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.72%	17.89%	-6.17%
Volatility (6M) Calculated over the trailing 6-month period	23.91%	47.05%	-23.14%
Volatility (1Y) Calculated over the trailing 1-year period	25.79%	53.81%	-28.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.83%	53.49%	-33.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.83%	53.49%	-33.66%

DEHP vs. WNTR - Expense Ratio Comparison

DEHP has a 0.41% expense ratio, which is lower than WNTR's 1.01% expense ratio.

Dividends

DEHP vs. WNTR - Dividend Comparison

DEHP's dividend yield for the trailing twelve months is around 1.42%, less than WNTR's 106.86% yield.

Position	TTM	2025	2024	2023	2022
DEHP Dimensional Emerging Markets High Profitability ETF	1.42%	1.73%	2.44%	2.84%	1.65%
WNTR YieldMax Short MSTR Option Income Strategy ETF	106.86%	58.56%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DEHP and WNTR in my portfolio?

DEHP and WNTR have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DEHP or WNTR?

WNTR has higher volatility (17.89%) compared to DEHP (11.72%). In terms of maximum drawdown, DEHP dropped -22.90% vs WNTR's -42.65%.

Which ETF is better, DEHP or WNTR?

On 1-year performance, WNTR leads with 127.90% vs 41.99% for DEHP. On fees, DEHP is cheaper at 0.41% per year. On volatility, DEHP has been the lower-risk option at 11.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DEHP or WNTR?

Over the 1-year period, WNTR has performed better with a 127.90% return vs 41.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DEHP or WNTR?

DEHP is cheaper with a 0.41% expense ratio, compared with 1.01% for WNTR.

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

WNTR has the higher dividend yield at 106.86%, compared with 1.42% for DEHP.

What is the main difference between DEHP and WNTR?

DEHP is categorized as Emerging Markets Diversified, while WNTR is Derivative Income. They also come from different issuers: Dimensional and YieldMax. Their fees differ too: 0.41% for DEHP and 1.01% for WNTR.

Which has better risk-adjusted returns?

WNTR currently has the higher Sharpe Ratio (2.39 vs 1.64), 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.