FDD vs. WNTR

Last updated Jul 12, 2026

FDD (First Trust STOXX European Select Dividend Index Fund) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - FDD is a Europe Equities fund tracking the STOXX Europe Select Dividend 30, while WNTR is a Derivative Income fund actively managed by YieldMax. FDD is passively managed, while WNTR is actively managed. Over the past year, FDD returned 27.34% vs 116.49% for WNTR. At a correlation of -0.31, they often move in opposite directions. FDD charges 0.58%/yr vs 1.01%/yr for WNTR.

Performance

FDD vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust STOXX European Select Dividend Index Fund (FDD) 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, FDD achieves a 11.38% return, which is significantly higher than WNTR's 8.06% return.

FDD

• 1D: 0.51%
• 1M: -2.00%
• 6M: 10.75%
• YTD: 11.38%
• 1Y: 27.34%
• 3Y*: 25.42%
• 5Y*: 11.74%
• 10Y*: 10.25%

WNTR

• 1D: -0.43%
• 1M: 15.85%
• 6M: 10.45%
• YTD: 8.06%
• 1Y: 116.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FDD vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
FDD First Trust STOXX European Select Dividend Index Fund	11.38%	32.84%
WNTR YieldMax Short MSTR Option Income Strategy ETF	8.06%	52.78%

Correlation

The correlation between FDD 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	-0.31

Return for Risk

FDD vs. WNTR — Risk / Return Rank

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

FDD

FDD Risk / Return Rank: 65
FDD Sharpe Ratio Rank: 65
FDD Sortino Ratio Rank: 64
FDD Omega Ratio Rank: 59
FDD Calmar Ratio Rank: 71
FDD Martin Ratio Rank: 65

WNTR

WNTR Risk / Return Rank: 65
WNTR Sharpe Ratio Rank: 81
WNTR Sortino Ratio Rank: 63
WNTR Omega Ratio Rank: 67
WNTR Calmar Ratio Rank: 65
WNTR Martin Ratio Rank: 49

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.

FDD vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust STOXX European Select Dividend Index Fund (FDD) 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.

	FDD	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	1.69	2.06	-0.37
Sortino ratio: Return per unit of downside risk	2.38	2.34	+0.04
Omega ratio: Gain probability vs. loss probability	1.29	1.32	-0.03
Calmar ratio: Return relative to maximum drawdown	2.88	2.60	+0.28
Martin ratio: Return relative to average drawdown	9.24	6.69	+2.55

FDD vs. WNTR - Sharpe Ratio Comparison

The current FDD Sharpe Ratio is 1.69, which is comparable to the WNTR Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of FDD 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

FDD vs. WNTR - Drawdown Comparison

The maximum FDD drawdown since its inception was -74.77%, which is greater than WNTR's maximum drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for FDD and WNTR.

Drawdown Indicators

	FDD	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-74.77%	-42.65%	-32.12%
Max Drawdown (1Y) Largest decline over 1 year	-9.39%	-42.65%	+33.26%
Max Drawdown (3Y) Largest decline over 3 years	-13.06%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-34.84%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.43%	—	—
Current Drawdown Current decline from peak	-2.39%	-11.84%	+9.45%
Average Drawdown Average peak-to-trough decline	-35.28%	-20.57%	-14.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	16.58%	-13.66%

Volatility

FDD vs. WNTR - Volatility Comparison

The current volatility for First Trust STOXX European Select Dividend Index Fund (FDD) is 4.80%, while YieldMax Short MSTR Option Income Strategy ETF (WNTR) has a volatility of 18.80%. This indicates that FDD 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

	FDD	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.80%	18.80%	-14.00%
Volatility (6M) Calculated over the trailing 6-month period	13.09%	47.57%	-34.48%
Volatility (1Y) Calculated over the trailing 1-year period	16.03%	53.81%	-37.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.45%	53.62%	-35.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.75%	53.62%	-33.87%

FDD vs. WNTR - Expense Ratio Comparison

FDD has a 0.58% expense ratio, which is lower than WNTR's 1.01% expense ratio.

Dividends

FDD vs. WNTR - Dividend Comparison

FDD's dividend yield for the trailing twelve months is around 5.35%, less than WNTR's 104.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDD First Trust STOXX European Select Dividend Index Fund	5.35%	3.99%	7.65%	6.85%	6.07%	3.44%	4.01%	4.69%	5.05%	2.78%	4.88%	4.35%
WNTR YieldMax Short MSTR Option Income Strategy ETF	104.11%	58.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FDD and WNTR in my portfolio?

FDD 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, FDD or WNTR?

WNTR has higher volatility (18.80%) compared to FDD (4.80%). In terms of maximum drawdown, FDD dropped -74.77% vs WNTR's -42.65%.

Which ETF is better, FDD or WNTR?

On 1-year performance, WNTR leads with 116.49% vs 27.34% for FDD. On fees, FDD is cheaper at 0.58% per year. On volatility, FDD has been the lower-risk option at 4.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDD or WNTR?

Over the 1-year period, WNTR has performed better with a 116.49% return vs 27.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDD or WNTR?

FDD is cheaper with a 0.58% expense ratio, compared with 1.01% for WNTR.

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

WNTR has the higher dividend yield at 104.11%, compared with 5.35% for FDD.

What is the main difference between FDD and WNTR?

FDD is categorized as Europe Equities, while WNTR is Derivative Income. They also come from different issuers: First Trust and YieldMax. Their fees differ too: 0.58% for FDD and 1.01% for WNTR.

Which has better risk-adjusted returns?

WNTR currently has the higher Sharpe Ratio (2.06 vs 1.69), 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.