EURL vs. WNTR
EURL (Direxion Daily FTSE Europe Bull 3x Shares) and WNTR (YieldMax MSTR Short Option Income Strategy ETF) are both exchange-traded funds - EURL is a Leveraged Equities fund tracking the FTSE Developed Europe Index (300%), while WNTR is a Derivative Income fund actively managed by YieldMax. EURL is passively managed, while WNTR is actively managed. Over the past year, EURL returned 59.89% vs 107.38% for WNTR. Their -0.36 correlation means they have often moved in opposite directions in the past. EURL charges 1.07%/yr vs 1.00%/yr for WNTR.
Performance
EURL vs. WNTR - Performance Comparison
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Returns By Period
In the year-to-date period, EURL achieves a 19.99% return, which is significantly higher than WNTR's 10.75% return.
EURL
- 1D
- -1.39%
- 1M
- 3.10%
- 6M
- 5.68%
- YTD
- 19.99%
- 1Y
- 59.89%
- 3Y*
- 31.34%
- 5Y*
- 7.64%
- 10Y*
- 11.21%
- ALL TIME*
- 2.97%
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) |
|---|---|---|---|
| $543.36K | $647.46K | $1.03M | |
| $4.02M | $3.86M | $3.95M |
EURL vs. WNTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EURL Direxion Daily FTSE Europe Bull 3x Shares | 19.99% | 51.20% |
WNTR YieldMax MSTR Short Option Income Strategy ETF | 10.75% | 52.78% |
Correlation
The correlation between EURL and WNTR is -0.38, 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. | -0.38 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025 | -0.36 |
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Return for Risk
EURL vs. WNTR — Risk / Return Rank
EURL
WNTR
EURL vs. WNTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily FTSE Europe Bull 3x Shares (EURL) 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.
| EURL | WNTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.32 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 2.71 | -0.97 |
| Martin ratioReturn relative to average drawdown | 5.37 | 6.87 | -1.50 |
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Drawdowns
EURL vs. WNTR - Drawdown Comparison
The maximum EURL drawdown since its inception was -84.65%, which is greater than WNTR's maximum drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for EURL and WNTR.
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Drawdown Indicators
| EURL | WNTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.65% | -42.65% | -42.00% |
Max Drawdown (1Y)Largest decline over 1 year | -33.05% | -42.65% | +9.60% |
Max Drawdown (3Y)Largest decline over 3 years | -38.81% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -75.24% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -84.65% | — | — |
Current DrawdownCurrent decline from peak | -3.74% | -9.64% | +5.90% |
Average DrawdownAverage peak-to-trough decline | -36.62% | -20.18% | -16.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.71% | 16.81% | -6.10% |
Volatility
EURL vs. WNTR - Volatility Comparison
The current volatility for Direxion Daily FTSE Europe Bull 3x Shares (EURL) is 13.53%, while YieldMax MSTR Short Option Income Strategy ETF (WNTR) has a volatility of 14.85%. This indicates that EURL 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
| EURL | WNTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.53% | 14.85% | -1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 41.54% | 47.43% | -5.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.83% | 54.68% | -6.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.54% | 53.42% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.48% | 53.42% | +1.06% |
EURL vs. WNTR - Expense Ratio Comparison
EURL has a 1.07% expense ratio, which is higher than WNTR's 1.00% expense ratio.
Dividends
EURL vs. WNTR - Dividend Comparison
EURL's dividend yield for the trailing twelve months is around 1.50%, less than WNTR's 107.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EURL Direxion Daily FTSE Europe Bull 3x Shares | 1.50% | 1.50% | 3.51% | 2.50% | 1.80% | 0.33% | 0.41% | 1.17% | 3.07% | 0.38% |
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% |
Frequently Asked Questions
EURL and WNTR have a correlation of -0.38, 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 EURL (13.53%). In terms of maximum drawdown, EURL dropped -84.65% vs WNTR's -42.65%.
On 1-year performance, WNTR leads with 107.38% vs 59.89% for EURL. On fees, WNTR is cheaper at 1.00% per year. On volatility, EURL has been the lower-risk option at 13.53%. 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 59.89%. 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 1.07% for EURL.
WNTR has the higher dividend yield at 107.02%, compared with 1.50% for EURL.
EURL is categorized as Leveraged Equities, while WNTR is Derivative Income. They also come from different issuers: Direxion and YieldMax. Their fees differ too: 1.07% for EURL and 1.00% for WNTR.
WNTR currently has the higher Sharpe Ratio (2.12 vs 1.21), 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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