DWUS vs. WNTR

Last updated Jul 17, 2026

DWUS (AdvisorShares Dorsey Wright FSM US Core ETF) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - DWUS is a Diversified Portfolio fund actively managed by AdvisorShares, while WNTR is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, DWUS returned 16.22% vs 127.90% for WNTR. At a correlation of -0.42, they often move in opposite directions. DWUS charges 1.17%/yr vs 1.01%/yr for WNTR.

Performance

DWUS vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares Dorsey Wright FSM US Core ETF (DWUS) 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, DWUS achieves a 8.01% return, which is significantly lower than WNTR's 9.49% return.

DWUS

• 1D: -2.38%
• 1M: -5.23%
• 6M: 6.03%
• YTD: 8.01%
• 1Y: 16.22%
• 3Y*: 15.97%
• 5Y*: 9.78%
• 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)

DWUS vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
DWUS AdvisorShares Dorsey Wright FSM US Core ETF	8.01%	14.04%
WNTR YieldMax Short MSTR Option Income Strategy ETF	9.49%	52.78%

Correlation

The correlation between DWUS and WNTR is -0.42, 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	-0.42
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.42

Return for Risk

DWUS vs. WNTR — Risk / Return Rank

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

DWUS

DWUS Risk / Return Rank: 30
DWUS Sharpe Ratio Rank: 28
DWUS Sortino Ratio Rank: 26
DWUS Omega Ratio Rank: 27
DWUS Calmar Ratio Rank: 33
DWUS Martin Ratio Rank: 37

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.

DWUS vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Dorsey Wright FSM US Core ETF (DWUS) 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.

	DWUS	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	0.84	2.39	-1.56
Sortino ratio: Return per unit of downside risk	1.21	2.56	-1.35
Omega ratio: Gain probability vs. loss probability	1.16	1.35	-0.19
Calmar ratio: Return relative to maximum drawdown	1.36	3.02	-1.66
Martin ratio: Return relative to average drawdown	4.65	7.72	-3.07

DWUS vs. WNTR - Sharpe Ratio Comparison

The current DWUS Sharpe Ratio is 0.84, which is lower than the WNTR Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of DWUS 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

DWUS vs. WNTR - Drawdown Comparison

The maximum DWUS drawdown since its inception was -30.47%, smaller than the maximum WNTR drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for DWUS and WNTR.

Drawdown Indicators

	DWUS	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-30.47%	-42.65%	+12.18%
Max Drawdown (1Y) Largest decline over 1 year	-11.98%	-42.65%	+30.67%
Max Drawdown (3Y) Largest decline over 3 years	-19.63%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.45%	—	—
Current Drawdown Current decline from peak	-8.43%	-10.67%	+2.24%
Average Drawdown Average peak-to-trough decline	-6.80%	-20.46%	+13.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.50%	16.63%	-13.13%

Volatility

DWUS vs. WNTR - Volatility Comparison

The current volatility for AdvisorShares Dorsey Wright FSM US Core ETF (DWUS) is 9.56%, while YieldMax Short MSTR Option Income Strategy ETF (WNTR) has a volatility of 17.89%. This indicates that DWUS 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

	DWUS	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.56%	17.89%	-8.33%
Volatility (6M) Calculated over the trailing 6-month period	16.92%	47.05%	-30.13%
Volatility (1Y) Calculated over the trailing 1-year period	19.48%	53.81%	-34.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.45%	53.49%	-34.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.51%	53.49%	-30.98%

DWUS vs. WNTR - Expense Ratio Comparison

DWUS has a 1.17% expense ratio, which is higher than WNTR's 1.01% expense ratio.

Dividends

DWUS vs. WNTR - Dividend Comparison

DWUS's dividend yield for the trailing twelve months is around 0.03%, less than WNTR's 106.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
DWUS AdvisorShares Dorsey Wright FSM US Core ETF	0.03%	0.03%	0.18%	0.29%	0.89%	0.35%	0.08%
WNTR YieldMax Short MSTR Option Income Strategy ETF	106.86%	58.56%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DWUS and WNTR in my portfolio?

DWUS and WNTR have a correlation of -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DWUS or WNTR?

WNTR has higher volatility (17.89%) compared to DWUS (9.56%). In terms of maximum drawdown, DWUS dropped -30.47% vs WNTR's -42.65%.

Which ETF is better, DWUS or WNTR?

On 1-year performance, WNTR leads with 127.90% vs 16.22% for DWUS. On fees, WNTR is cheaper at 1.01% per year. On volatility, DWUS has been the lower-risk option at 9.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DWUS or WNTR?

Over the 1-year period, WNTR has performed better with a 127.90% return vs 16.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DWUS or WNTR?

WNTR is cheaper with a 1.01% expense ratio, compared with 1.17% for DWUS.

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

WNTR has the higher dividend yield at 106.86%, compared with 0.03% for DWUS.

What is the main difference between DWUS and WNTR?

DWUS is categorized as Diversified Portfolio, while WNTR is Derivative Income. They also come from different issuers: AdvisorShares and YieldMax. Their fees differ too: 1.17% for DWUS and 1.01% for WNTR.

Which has better risk-adjusted returns?

WNTR currently has the higher Sharpe Ratio (2.39 vs 0.84), 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.