EATZ vs. WNTR

Last updated Aug 4, 2026

EATZ (AdvisorShares Restaurant ETF) and WNTR (YieldMax MSTR Short Option Income Strategy ETF) are both exchange-traded funds - EATZ is a Consumer Discretionary Equities fund actively managed by AdvisorShares, while WNTR is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Their -0.28 correlation means they have often moved in opposite directions in the past. Both charge a 1.00% expense ratio.

Performance

EATZ vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares Restaurant ETF (EATZ) and YieldMax MSTR Short Option Income Strategy ETF (WNTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EATZ

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

WNTR

• 1D: -0.22%
• 1M: 7.89%
• 6M: 8.31%
• YTD: 10.51%
• 1Y: 106.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 47.29%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
WNTR YieldMax MSTR Short Option Income Strategy ETF	$3.92M	$3.66M	$3.95M

EATZ vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
EATZ AdvisorShares Restaurant ETF	4.80%	-5.82%
WNTR YieldMax MSTR Short Option Income Strategy ETF	10.51%	52.78%

Correlation

The correlation between EATZ 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	-0.28

Return for Risk

EATZ vs. WNTR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EATZ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

WNTR

WNTR Risk / Return Rank: 69
WNTR Sharpe Ratio Rank: 83
WNTR Sortino Ratio Rank: 67
WNTR Omega Ratio Rank: 71
WNTR Calmar Ratio Rank: 70
WNTR Martin Ratio Rank: 53

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EATZ vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Restaurant ETF (EATZ) 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.

	EATZ	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	—	1.97	—
Sortino ratio: Return per unit of downside risk	—	2.27	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	2.52	—
Martin ratio: Return relative to average drawdown	—	6.38	—

Drawdowns

Drawdown Indicators

	EATZ	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	—	-42.65%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-42.65%	—
Current Drawdown Current decline from peak	—	-9.84%	—
Average Drawdown Average peak-to-trough decline	—	-20.15%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.83%	—

Volatility

Volatility by Period

	EATZ	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	47.22%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	54.66%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	53.34%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	53.34%	—

EATZ vs. WNTR - Expense Ratio Comparison

Both EATZ and WNTR have an expense ratio of 1.00%.

Dividends

EATZ vs. WNTR - Dividend Comparison

EATZ's dividend yield for the trailing twelve months is around 0.48%, less than WNTR's 107.26% yield.

Position	TTM	2025	2024	2023	2022	2021
EATZ AdvisorShares Restaurant ETF	0.48%	0.50%	0.18%	0.49%	2.35%	0.15%
WNTR YieldMax MSTR Short Option Income Strategy ETF	107.26%	58.56%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EATZ and WNTR in my portfolio?

EATZ 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.

Which ETF is better, EATZ or WNTR?

Both ETFs have the same 1.00% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EATZ or WNTR?

EATZ and WNTR have the same expense ratio: 1.00% per year.

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

WNTR has the higher dividend yield at 107.26%, compared with 0.48% for EATZ.

What is the main difference between EATZ and WNTR?

EATZ is categorized as Consumer Discretionary Equities, while WNTR is Derivative Income. They also come from different issuers: AdvisorShares and YieldMax.