DES vs. WNTR
DES (WisdomTree U.S. SmallCap Dividend Fund) and WNTR (YieldMax MSTR Short Option Income Strategy ETF) are both exchange-traded funds - DES is a Small Cap Blend Equities fund tracking the WisdomTree SmallCap Dividend (TR), while WNTR is a Derivative Income fund actively managed by YieldMax. DES is passively managed, while WNTR is actively managed. Over the past year, DES returned 34.94% vs 106.92% for WNTR. Their -0.29 correlation means they have often moved in opposite directions in the past. DES charges 0.38%/yr vs 1.00%/yr for WNTR.
Performance
DES vs. WNTR - Performance Comparison
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Returns By Period
In the year-to-date period, DES achieves a 24.40% return, which is significantly higher than WNTR's 10.51% return.
DES
- 1D
- 1.38%
- 1M
- 2.25%
- 6M
- 14.77%
- YTD
- 24.40%
- 1Y
- 34.94%
- 3Y*
- 13.85%
- 5Y*
- 8.92%
- 10Y*
- 8.19%
- ALL TIME*
- 7.95%
WNTR
- 1D
- -0.22%
- 1M
- 7.89%
- 6M
- 8.31%
- YTD
- 10.51%
- 1Y
- 106.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 47.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.72M | $4.44M | $5.66M | |
| $3.92M | $3.66M | $3.95M |
DES vs. WNTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DES WisdomTree U.S. SmallCap Dividend Fund | 24.40% | 5.93% |
WNTR YieldMax MSTR Short Option Income Strategy ETF | 10.51% | 52.78% |
Correlation
The correlation between DES and WNTR is -0.25, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.25 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025 | -0.29 |
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Return for Risk
DES vs. WNTR — Risk / Return Rank
DES
WNTR
DES vs. WNTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. SmallCap Dividend Fund (DES) 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.
| DES | WNTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.30 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.59 | 2.52 | +2.07 |
| Martin ratioReturn relative to average drawdown | 13.84 | 6.38 | +7.46 |
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Drawdowns
DES vs. WNTR - Drawdown Comparison
The maximum DES drawdown since its inception was -65.48%, which is greater than WNTR's maximum drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for DES and WNTR.
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Drawdown Indicators
| DES | WNTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.48% | -42.65% | -22.83% |
Max Drawdown (1Y)Largest decline over 1 year | -7.64% | -42.65% | +35.01% |
Max Drawdown (3Y)Largest decline over 3 years | -25.16% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.16% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.65% | — | — |
Current DrawdownCurrent decline from peak | -0.18% | -9.84% | +9.66% |
Average DrawdownAverage peak-to-trough decline | -9.61% | -20.15% | +10.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 16.83% | -14.30% |
Volatility
DES vs. WNTR - Volatility Comparison
The current volatility for WisdomTree U.S. SmallCap Dividend Fund (DES) is 3.55%, while YieldMax MSTR Short Option Income Strategy ETF (WNTR) has a volatility of 13.00%. This indicates that DES 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.
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Volatility by Period
| DES | WNTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.55% | 13.00% | -9.45% |
Volatility (6M)Calculated over the trailing 6-month period | 10.25% | 47.22% | -36.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.76% | 54.66% | -38.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.39% | 53.34% | -33.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.93% | 53.34% | -31.41% |
DES vs. WNTR - Expense Ratio Comparison
DES has a 0.38% expense ratio, which is lower than WNTR's 1.00% expense ratio.
Dividends
DES vs. WNTR - Dividend Comparison
DES's dividend yield for the trailing twelve months is around 2.23%, less than WNTR's 107.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DES WisdomTree U.S. SmallCap Dividend Fund | 2.23% | 2.85% | 2.81% | 2.65% | 2.89% | 2.31% | 2.75% | 2.68% | 3.65% | 2.89% | 2.70% | 3.09% |
WNTR YieldMax MSTR Short Option Income Strategy ETF | 107.26% | 58.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DES and WNTR have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WNTR has higher volatility (13.00%) compared to DES (3.55%). In terms of maximum drawdown, DES dropped -65.48% vs WNTR's -42.65%.
On 1-year performance, WNTR leads with 106.92% vs 34.94% for DES. On fees, DES is cheaper at 0.38% per year. On volatility, DES has been the lower-risk option at 3.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, WNTR has performed better with a 106.92% return vs 34.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DES is cheaper with a 0.38% expense ratio, compared with 1.00% for WNTR.
WNTR has the higher dividend yield at 107.26%, compared with 2.23% for DES.
DES is categorized as Small Cap Blend Equities, while WNTR is Derivative Income. They also come from different issuers: WisdomTree and YieldMax. Their fees differ too: 0.38% for DES and 1.00% for WNTR.
DES currently has the higher Sharpe Ratio (2.23 vs 1.97), 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.
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