EMET vs. WNTR

Last updated Jul 17, 2026

EMET (VanEck Copper and Green Metals ETF) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - EMET is a Copper fund tracking the MVIS Global Clean-Tech Metals Index, while WNTR is a Derivative Income fund actively managed by YieldMax. EMET is passively managed, while WNTR is actively managed. Over the past year, EMET returned 55.39% vs 127.90% for WNTR. At a correlation of -0.27, they often move in opposite directions. EMET charges 0.61%/yr vs 1.01%/yr for WNTR.

Performance

EMET vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Copper and Green Metals ETF (EMET) 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, EMET achieves a 0.97% return, which is significantly lower than WNTR's 9.49% return.

EMET

• 1D: -3.27%
• 1M: -18.40%
• 6M: -12.86%
• YTD: 0.97%
• 1Y: 55.39%
• 3Y*: 12.01%
• 5Y*: —
• 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)

EMET vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
EMET VanEck Copper and Green Metals ETF	0.97%	70.11%
WNTR YieldMax Short MSTR Option Income Strategy ETF	9.49%	52.78%

Correlation

The correlation between EMET and WNTR is -0.27, 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	-0.27
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.27

Return for Risk

EMET vs. WNTR — Risk / Return Rank

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

EMET

EMET Risk / Return Rank: 48
EMET Sharpe Ratio Rank: 51
EMET Sortino Ratio Rank: 45
EMET Omega Ratio Rank: 47
EMET Calmar Ratio Rank: 53
EMET Martin Ratio Rank: 46

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.

EMET vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Copper and Green Metals ETF (EMET) 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.

	EMET	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	1.43	2.39	-0.96
Sortino ratio: Return per unit of downside risk	1.88	2.56	-0.67
Omega ratio: Gain probability vs. loss probability	1.25	1.35	-0.10
Calmar ratio: Return relative to maximum drawdown	2.18	3.02	-0.84
Martin ratio: Return relative to average drawdown	5.93	7.72	-1.79

EMET vs. WNTR - Sharpe Ratio Comparison

The current EMET Sharpe Ratio is 1.43, which is lower than the WNTR Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of EMET 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

EMET vs. WNTR - Drawdown Comparison

The maximum EMET drawdown since its inception was -53.05%, which is greater than WNTR's maximum drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for EMET and WNTR.

Drawdown Indicators

	EMET	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-53.05%	-42.65%	-10.40%
Max Drawdown (1Y) Largest decline over 1 year	-25.58%	-42.65%	+17.07%
Max Drawdown (3Y) Largest decline over 3 years	-40.50%	—	—
Current Drawdown Current decline from peak	-23.47%	-10.67%	-12.80%
Average Drawdown Average peak-to-trough decline	-24.59%	-20.46%	-4.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.37%	16.63%	-7.26%

Volatility

EMET vs. WNTR - Volatility Comparison

The current volatility for VanEck Copper and Green Metals ETF (EMET) is 11.36%, while YieldMax Short MSTR Option Income Strategy ETF (WNTR) has a volatility of 17.89%. This indicates that EMET 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

	EMET	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.36%	17.89%	-6.53%
Volatility (6M) Calculated over the trailing 6-month period	33.81%	47.05%	-13.24%
Volatility (1Y) Calculated over the trailing 1-year period	38.91%	53.81%	-14.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.47%	53.49%	-20.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.47%	53.49%	-20.02%

EMET vs. WNTR - Expense Ratio Comparison

EMET has a 0.61% expense ratio, which is lower than WNTR's 1.01% expense ratio.

Dividends

EMET vs. WNTR - Dividend Comparison

EMET's dividend yield for the trailing twelve months is around 1.83%, less than WNTR's 106.86% yield.

Position	TTM	2025	2024	2023	2022
EMET VanEck Copper and Green Metals ETF	1.83%	1.84%	1.89%	2.02%	2.56%
WNTR YieldMax Short MSTR Option Income Strategy ETF	106.86%	58.56%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EMET and WNTR in my portfolio?

EMET and WNTR have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMET or WNTR?

WNTR has higher volatility (17.89%) compared to EMET (11.36%). In terms of maximum drawdown, EMET dropped -53.05% vs WNTR's -42.65%.

Which ETF is better, EMET or WNTR?

On 1-year performance, WNTR leads with 127.90% vs 55.39% for EMET. On fees, EMET is cheaper at 0.61% per year. On volatility, EMET has been the lower-risk option at 11.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EMET or WNTR?

Over the 1-year period, WNTR has performed better with a 127.90% return vs 55.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMET or WNTR?

EMET is cheaper with a 0.61% expense ratio, compared with 1.01% for WNTR.

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

WNTR has the higher dividend yield at 106.86%, compared with 1.83% for EMET.

What is the main difference between EMET and WNTR?

EMET is categorized as Copper, while WNTR is Derivative Income. They also come from different issuers: VanEck and YieldMax. Their fees differ too: 0.61% for EMET and 1.01% for WNTR.

Which has better risk-adjusted returns?

WNTR currently has the higher Sharpe Ratio (2.39 vs 1.43), 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.