DGP vs. WNTR
DGP (DB Gold Double Long Exchange Traded Notes) and WNTR (YieldMax MSTR Short Option Income Strategy ETF) are both exchange-traded funds - DGP is a Leveraged Commodities fund tracking the Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (200%), while WNTR is a Derivative Income fund actively managed by YieldMax. DGP is passively managed, while WNTR is actively managed. Over the past year, DGP returned 28.29% vs 107.38% for WNTR. Their -0.20 correlation means they have often moved in opposite directions in the past. DGP charges 0.75%/yr vs 1.00%/yr for WNTR.
Performance
DGP vs. WNTR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DGP achieves a -18.18% return, which is significantly lower than WNTR's 10.75% return.
DGP
- 1D
- -2.82%
- 1M
- -3.42%
- 6M
- -34.21%
- YTD
- -18.18%
- 1Y
- 28.29%
- 3Y*
- 48.17%
- 5Y*
- 27.47%
- 10Y*
- 16.04%
- ALL TIME*
- 9.38%
WNTR
- 1D
- 3.26%
- 1M
- 8.13%
- 6M
- 14.92%
- YTD
- 10.75%
- 1Y
- 107.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 47.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $15.23M | $15.11M | $28.98M | |
| $4.02M | $3.86M | $3.95M |
DGP vs. WNTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DGP DB Gold Double Long Exchange Traded Notes | -18.18% | 88.57% |
WNTR YieldMax MSTR Short Option Income Strategy ETF | 10.75% | 52.78% |
Correlation
The correlation between DGP 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 | -0.20 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DGP vs. WNTR — Risk / Return Rank
DGP
WNTR
DGP vs. WNTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DB Gold Double Long Exchange Traded Notes (DGP) 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.
| DGP | WNTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.32 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 2.71 | -2.00 |
| Martin ratioReturn relative to average drawdown | 1.52 | 6.87 | -5.34 |
Loading charts...
Drawdowns
DGP vs. WNTR - Drawdown Comparison
The maximum DGP drawdown since its inception was -75.31%, which is greater than WNTR's maximum drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for DGP and WNTR.
Loading charts...
Drawdown Indicators
| DGP | WNTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.31% | -42.65% | -32.66% |
Max Drawdown (1Y)Largest decline over 1 year | -47.59% | -42.65% | -4.94% |
Max Drawdown (3Y)Largest decline over 3 years | -47.59% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -51.24% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -51.24% | — | — |
Current DrawdownCurrent decline from peak | -45.56% | -9.64% | -35.92% |
Average DrawdownAverage peak-to-trough decline | -41.10% | -20.18% | -20.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.26% | 16.81% | +5.45% |
Volatility
DGP vs. WNTR - Volatility Comparison
The current volatility for DB Gold Double Long Exchange Traded Notes (DGP) is 12.46%, while YieldMax MSTR Short Option Income Strategy ETF (WNTR) has a volatility of 14.85%. This indicates that DGP 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.
Loading charts...
Volatility by Period
| DGP | WNTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.46% | 14.85% | -2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 47.60% | 47.43% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.74% | 54.68% | +1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.73% | 53.42% | -13.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.47% | 53.42% | -17.95% |
DGP vs. WNTR - Expense Ratio Comparison
DGP has a 0.75% expense ratio, which is lower than WNTR's 1.00% expense ratio.
Dividends
DGP vs. WNTR - Dividend Comparison
DGP has not paid dividends to shareholders, while WNTR's dividend yield for the trailing twelve months is around 107.02%.
| Position | TTM | 2025 |
|---|---|---|
DGP DB Gold Double Long Exchange Traded Notes | 0.00% | 0.00% |
WNTR YieldMax MSTR Short Option Income Strategy ETF | 107.02% | 58.56% |
Frequently Asked Questions
DGP 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 (14.85%) compared to DGP (12.46%). In terms of maximum drawdown, DGP dropped -75.31% vs WNTR's -42.65%.
On 1-year performance, WNTR leads with 107.38% vs 28.29% for DGP. On fees, DGP is cheaper at 0.75% per year. On volatility, DGP has been the lower-risk option at 12.46%. 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 107.38% return vs 28.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DGP is cheaper with a 0.75% expense ratio, compared with 1.00% for WNTR.
WNTR has the higher dividend yield at 107.02%, compared with 0.00% for DGP.
DGP is categorized as Leveraged Commodities, while WNTR is Derivative Income. They also come from different issuers: Deutsche Bank and YieldMax. Their fees differ too: 0.75% for DGP and 1.00% for WNTR.
WNTR currently has the higher Sharpe Ratio (2.12 vs 0.61), 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.
Find the right allocation for DGP and WNTR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer