EDGH vs. WNTR

Last updated Jun 25, 2026

EDGH (3EDGE Dynamic Hard Assets ETF) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - EDGH is a Commodities fund actively managed by 3EDGE Asset Management, while WNTR is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, EDGH returned 20.77% vs 97.02% for WNTR. At a correlation of -0.15, they often move in opposite directions. Both charge a 1.01% expense ratio.

Performance

EDGH vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 3EDGE Dynamic Hard Assets ETF (EDGH) 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, EDGH achieves a 3.42% return, which is significantly lower than WNTR's 10.46% return.

EDGH

• 1D: -1.84%
• 1M: -8.97%
• YTD: 3.42%
• 6M: 1.46%
• 1Y: 20.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

WNTR

• 1D: 6.01%
• 1M: 37.47%
• YTD: 10.46%
• 6M: 14.06%
• 1Y: 97.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EDGH vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
EDGH 3EDGE Dynamic Hard Assets ETF	3.42%	20.03%
WNTR YieldMax Short MSTR Option Income Strategy ETF	10.46%	52.78%

Correlation

The correlation between EDGH and WNTR is -0.18, 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	-0.18
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.15

Return for Risk

EDGH vs. WNTR — Risk / Return Rank

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

EDGH

EDGH Risk / Return Rank: 36
EDGH Sharpe Ratio Rank: 36
EDGH Sortino Ratio Rank: 30
EDGH Omega Ratio Rank: 40
EDGH Calmar Ratio Rank: 37
EDGH Martin Ratio Rank: 39

WNTR

WNTR Risk / Return Rank: 51
WNTR Sharpe Ratio Rank: 63
WNTR Sortino Ratio Rank: 49
WNTR Omega Ratio Rank: 52
WNTR Calmar Ratio Rank: 51
WNTR Martin Ratio Rank: 40

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.

EDGH vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 3EDGE Dynamic Hard Assets ETF (EDGH) 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.

	EDGH	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	1.15	1.85	-0.69
Sortino ratio: Return per unit of downside risk	1.49	2.20	-0.72
Omega ratio: Gain probability vs. loss probability	1.24	1.30	-0.06
Calmar ratio: Return relative to maximum drawdown	1.67	2.29	-0.62
Martin ratio: Return relative to average drawdown	5.46	5.85	-0.38

EDGH vs. WNTR - Sharpe Ratio Comparison

The current EDGH Sharpe Ratio is 1.15, which is lower than the WNTR Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of EDGH 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

EDGH vs. WNTR - Drawdown Comparison

The maximum EDGH drawdown since its inception was -12.47%, smaller than the maximum WNTR drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for EDGH and WNTR.

Drawdown Indicators

	EDGH	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-12.47%	-42.65%	+30.18%
Max Drawdown (1Y) Largest decline over 1 year	-12.47%	-42.65%	+30.18%
Current Drawdown Current decline from peak	-12.47%	-9.88%	-2.59%
Average Drawdown Average peak-to-trough decline	-2.26%	-20.93%	+18.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.81%	16.70%	-12.89%

Volatility

EDGH vs. WNTR - Volatility Comparison

The current volatility for 3EDGE Dynamic Hard Assets ETF (EDGH) is 3.72%, while YieldMax Short MSTR Option Income Strategy ETF (WNTR) has a volatility of 17.54%. This indicates that EDGH 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

	EDGH	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.72%	17.54%	-13.82%
Volatility (6M) Calculated over the trailing 6-month period	15.22%	45.99%	-30.77%
Volatility (1Y) Calculated over the trailing 1-year period	18.12%	52.83%	-34.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.64%	53.10%	-37.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.64%	53.10%	-37.46%

EDGH vs. WNTR - Expense Ratio Comparison

Both EDGH and WNTR have an expense ratio of 1.01%.

Dividends

EDGH vs. WNTR - Dividend Comparison

EDGH's dividend yield for the trailing twelve months is around 1.14%, less than WNTR's 96.66% yield.

Position	TTM	2025	2024
EDGH 3EDGE Dynamic Hard Assets ETF	1.14%	1.18%	3.19%
WNTR YieldMax Short MSTR Option Income Strategy ETF	96.66%	58.56%	0.00%

Frequently Asked Questions

Can I hold both EDGH and WNTR in my portfolio?

EDGH and WNTR have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EDGH or WNTR?

WNTR has higher volatility (17.54%) compared to EDGH (3.72%). In terms of maximum drawdown, EDGH dropped -12.47% vs WNTR's -42.65%.

Which ETF is better, EDGH or WNTR?

On 1-year performance, WNTR leads with 97.02% vs 20.77% for EDGH. Both ETFs have the same 1.01% expense ratio. On volatility, EDGH has been the lower-risk option at 3.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EDGH or WNTR?

Over the 1-year period, WNTR has performed better with a 97.02% return vs 20.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EDGH or WNTR?

EDGH and WNTR have the same expense ratio: 1.01% per year.

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

WNTR has the higher dividend yield at 96.66%, compared with 1.14% for EDGH.

What is the main difference between EDGH and WNTR?

EDGH is categorized as Commodities, while WNTR is Derivative Income. They also come from different issuers: 3EDGE Asset Management and YieldMax.

Which has better risk-adjusted returns?

WNTR currently has the higher Sharpe Ratio (1.85 vs 1.15), 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.