ESGE vs. WNTR
ESGE (iShares ESG Aware MSCI EM ETF) and WNTR (YieldMax MSTR Short Option Income Strategy ETF) are both exchange-traded funds - ESGE is a Emerging Markets Equities fund tracking the MSCI EM Extended ESG Focus Index, while WNTR is a Derivative Income fund actively managed by YieldMax. ESGE is passively managed, while WNTR is actively managed. Over the past year, ESGE returned 34.75% vs 107.38% for WNTR. Their -0.39 correlation means they have often moved in opposite directions in the past. ESGE charges 0.25%/yr vs 1.00%/yr for WNTR.
Performance
ESGE vs. WNTR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ESGE achieves a 17.50% return, which is significantly higher than WNTR's 10.75% return.
ESGE
- 1D
- 0.92%
- 1M
- -1.79%
- 6M
- 9.17%
- YTD
- 17.50%
- 1Y
- 34.75%
- 3Y*
- 18.81%
- 5Y*
- 6.80%
- 10Y*
- 8.88%
- ALL TIME*
- 8.86%
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) |
|---|---|---|---|
| $53.52M | $39.94M | $58.74M | |
| $4.02M | $3.86M | $3.95M |
ESGE vs. WNTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ESGE iShares ESG Aware MSCI EM ETF | 17.50% | 28.07% |
WNTR YieldMax MSTR Short Option Income Strategy ETF | 10.75% | 52.78% |
Correlation
The correlation between ESGE and WNTR is -0.41, 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. | -0.41 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025 | -0.39 |
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
ESGE vs. WNTR — Risk / Return Rank
ESGE
WNTR
ESGE vs. WNTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware MSCI EM ETF (ESGE) 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.
| ESGE | WNTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.32 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 2.71 | -0.27 |
| Martin ratioReturn relative to average drawdown | 7.40 | 6.87 | +0.53 |
Loading charts...
Drawdowns
ESGE vs. WNTR - Drawdown Comparison
The maximum ESGE drawdown since its inception was -41.07%, roughly equal to the maximum WNTR drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for ESGE and WNTR.
Loading charts...
Drawdown Indicators
| ESGE | WNTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.07% | -42.65% | +1.58% |
Max Drawdown (1Y)Largest decline over 1 year | -13.90% | -42.65% | +28.75% |
Max Drawdown (3Y)Largest decline over 3 years | -16.71% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -37.07% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.07% | — | — |
Current DrawdownCurrent decline from peak | -9.30% | -9.64% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -14.34% | -20.18% | +5.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.58% | 16.81% | -12.23% |
Volatility
ESGE vs. WNTR - Volatility Comparison
The current volatility for iShares ESG Aware MSCI EM ETF (ESGE) is 9.09%, while YieldMax MSTR Short Option Income Strategy ETF (WNTR) has a volatility of 14.85%. This indicates that ESGE 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
| ESGE | WNTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.09% | 14.85% | -5.76% |
Volatility (6M)Calculated over the trailing 6-month period | 22.33% | 47.43% | -25.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.45% | 54.68% | -30.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.98% | 53.42% | -33.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.35% | 53.42% | -33.07% |
ESGE vs. WNTR - Expense Ratio Comparison
ESGE has a 0.25% expense ratio, which is lower than WNTR's 1.00% expense ratio.
Dividends
ESGE vs. WNTR - Dividend Comparison
ESGE's dividend yield for the trailing twelve months is around 2.20%, less than WNTR's 107.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ESGE iShares ESG Aware MSCI EM ETF | 2.20% | 2.50% | 2.41% | 2.64% | 2.68% | 2.66% | 1.31% | 2.59% | 2.19% | 1.86% | 0.27% |
WNTR YieldMax MSTR Short Option Income Strategy ETF | 107.02% | 58.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ESGE and WNTR have a correlation of -0.41, 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 ESGE (9.09%). In terms of maximum drawdown, ESGE dropped -41.07% vs WNTR's -42.65%.
On 1-year performance, WNTR leads with 107.38% vs 34.75% for ESGE. On fees, ESGE is cheaper at 0.25% per year. On volatility, ESGE has been the lower-risk option at 9.09%. 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 34.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ESGE is cheaper with a 0.25% expense ratio, compared with 1.00% for WNTR.
WNTR has the higher dividend yield at 107.02%, compared with 2.20% for ESGE.
ESGE is categorized as Emerging Markets Equities, while WNTR is Derivative Income. They also come from different issuers: iShares and YieldMax. Their fees differ too: 0.25% for ESGE and 1.00% for WNTR.
WNTR currently has the higher Sharpe Ratio (2.12 vs 1.39), 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 ESGE 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