ETCG vs. WNTR
ETCG (Grayscale Ethereum Classic Trust (ETC)) and WNTR (YieldMax MSTR Short Option Income Strategy ETF) are both exchange-traded funds - ETCG is a Cryptocurrency fund tracking the Ethereum Classic (ETC), while WNTR is a Derivative Income fund actively managed by YieldMax. ETCG is passively managed, while WNTR is actively managed. Over the past year, ETCG returned -66.78% vs 106.98% for WNTR. Their -0.53 correlation means they have often moved in opposite directions in the past. ETCG charges 2.50%/yr vs 1.00%/yr for WNTR.
Performance
ETCG vs. WNTR - Performance Comparison
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Returns By Period
In the year-to-date period, ETCG achieves a -47.46% return, which is significantly lower than WNTR's 7.92% return.
ETCG
- 1D
- 1.43%
- 1M
- -13.06%
- 6M
- -34.35%
- YTD
- -47.46%
- 1Y
- -66.78%
- 3Y*
- -20.02%
- 5Y*
- -37.77%
- 10Y*
- —
- ALL TIME*
- -22.05%
WNTR
- 1D
- -2.34%
- 1M
- 5.36%
- 6M
- 2.42%
- YTD
- 7.92%
- 1Y
- 106.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 44.62%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $62.63K | $57.03K | $104.25K | |
| $3.95M | $3.66M | $3.95M |
ETCG vs. WNTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ETCG Grayscale Ethereum Classic Trust (ETC) | -47.46% | -20.51% |
WNTR YieldMax MSTR Short Option Income Strategy ETF | 7.92% | 52.78% |
Correlation
The correlation between ETCG and WNTR is -0.53, 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. | -0.53 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025 | -0.53 |
The correlation between ETCG and WNTR has been stable across timeframes, ranging from -0.53 to -0.53 - a consistent structural relationship.
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Return for Risk
ETCG vs. WNTR — Risk / Return Rank
ETCG
WNTR
ETCG vs. WNTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Ethereum Classic Trust (ETC) (ETCG) 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.
| ETCG | WNTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.14 | ||
| Sortino ratioReturn per unit of downside risk | -4.59 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 1.30 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 2.52 | -3.44 |
| Martin ratioReturn relative to average drawdown | -1.30 | 6.38 | -7.67 |
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Drawdowns
ETCG vs. WNTR - Drawdown Comparison
The maximum ETCG drawdown since its inception was -96.59%, which is greater than WNTR's maximum drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for ETCG and WNTR.
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Drawdown Indicators
| ETCG | WNTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.59% | -42.65% | -53.94% |
Max Drawdown (1Y)Largest decline over 1 year | -72.70% | -42.65% | -30.05% |
Max Drawdown (3Y)Largest decline over 3 years | -82.25% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -92.70% | — | — |
Current DrawdownCurrent decline from peak | -96.20% | -11.95% | -84.25% |
Average DrawdownAverage peak-to-trough decline | -82.89% | -20.12% | -62.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.47% | 16.84% | +34.63% |
Volatility
ETCG vs. WNTR - Volatility Comparison
The current volatility for Grayscale Ethereum Classic Trust (ETC) (ETCG) is 9.74%, while YieldMax MSTR Short Option Income Strategy ETF (WNTR) has a volatility of 13.23%. This indicates that ETCG 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.
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Volatility by Period
| ETCG | WNTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.74% | 13.23% | -3.49% |
Volatility (6M)Calculated over the trailing 6-month period | 33.37% | 46.95% | -13.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.25% | 54.62% | +2.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.69% | 53.31% | +37.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.27% | 53.31% | +60.96% |
ETCG vs. WNTR - Expense Ratio Comparison
ETCG has a 2.50% expense ratio, which is higher than WNTR's 1.00% expense ratio.
Dividends
ETCG vs. WNTR - Dividend Comparison
ETCG has not paid dividends to shareholders, while WNTR's dividend yield for the trailing twelve months is around 109.83%.
| Position | TTM | 2025 |
|---|---|---|
ETCG Grayscale Ethereum Classic Trust (ETC) | 0.00% | 0.00% |
WNTR YieldMax MSTR Short Option Income Strategy ETF | 109.83% | 58.56% |
Frequently Asked Questions
ETCG and WNTR have a correlation of -0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WNTR has higher volatility (13.23%) compared to ETCG (9.74%). In terms of maximum drawdown, ETCG dropped -96.59% vs WNTR's -42.65%.
On 1-year performance, WNTR leads with 106.98% vs -66.78% for ETCG. On fees, WNTR is cheaper at 1.00% per year. On volatility, ETCG has been the lower-risk option at 9.74%. 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 106.98% return vs -66.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WNTR is cheaper with a 1.00% expense ratio, compared with 2.50% for ETCG.
WNTR has the higher dividend yield at 109.83%, compared with 0.00% for ETCG.
ETCG is categorized as Cryptocurrency, while WNTR is Derivative Income. They also come from different issuers: Grayscale and YieldMax. Their fees differ too: 2.50% for ETCG and 1.00% for WNTR.
WNTR currently has the higher Sharpe Ratio (1.97 vs -1.17), 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.
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