FTHF vs. WNTR

Last updated Jul 17, 2026

FTHF (First Trust Emerging Markets Human Flourishing ETF) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - FTHF is a Emerging Markets Diversified fund tracking the Emerging Markets Human Flourishing Index, while WNTR is a Derivative Income fund actively managed by YieldMax. FTHF is passively managed, while WNTR is actively managed. Over the past year, FTHF returned 74.30% vs 127.90% for WNTR. At a correlation of -0.33, they often move in opposite directions. FTHF charges 0.75%/yr vs 1.01%/yr for WNTR.

Performance

FTHF vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Emerging Markets Human Flourishing ETF (FTHF) 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, FTHF achieves a 34.92% return, which is significantly higher than WNTR's 9.49% return.

FTHF

• 1D: -3.36%
• 1M: -10.36%
• 6M: 24.84%
• YTD: 34.92%
• 1Y: 74.30%
• 3Y*: —
• 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)

FTHF vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
FTHF First Trust Emerging Markets Human Flourishing ETF	34.92%	51.05%
WNTR YieldMax Short MSTR Option Income Strategy ETF	9.49%	52.78%

Correlation

The correlation between FTHF and WNTR is -0.33, 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	-0.33
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.33

Return for Risk

FTHF vs. WNTR — Risk / Return Rank

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

FTHF

FTHF Risk / Return Rank: 79
FTHF Sharpe Ratio Rank: 78
FTHF Sortino Ratio Rank: 68
FTHF Omega Ratio Rank: 81
FTHF Calmar Ratio Rank: 91
FTHF Martin Ratio Rank: 78

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.

FTHF vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Emerging Markets Human Flourishing ETF (FTHF) 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.

	FTHF	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	1.98	2.39	-0.41
Sortino ratio: Return per unit of downside risk	2.48	2.56	-0.08
Omega ratio: Gain probability vs. loss probability	1.38	1.35	+0.03
Calmar ratio: Return relative to maximum drawdown	4.58	3.02	+1.56
Martin ratio: Return relative to average drawdown	11.59	7.72	+3.87

FTHF vs. WNTR - Sharpe Ratio Comparison

The current FTHF Sharpe Ratio is 1.98, which is comparable to the WNTR Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of FTHF 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

FTHF vs. WNTR - Drawdown Comparison

The maximum FTHF drawdown since its inception was -17.36%, smaller than the maximum WNTR drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for FTHF and WNTR.

Drawdown Indicators

	FTHF	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-17.36%	-42.65%	+25.29%
Max Drawdown (1Y) Largest decline over 1 year	-16.31%	-42.65%	+26.34%
Current Drawdown Current decline from peak	-15.59%	-10.67%	-4.92%
Average Drawdown Average peak-to-trough decline	-4.34%	-20.46%	+16.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.43%	16.63%	-10.20%

Volatility

FTHF vs. WNTR - Volatility Comparison

The current volatility for First Trust Emerging Markets Human Flourishing ETF (FTHF) is 14.59%, while YieldMax Short MSTR Option Income Strategy ETF (WNTR) has a volatility of 17.89%. This indicates that FTHF 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

	FTHF	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.59%	17.89%	-3.30%
Volatility (6M) Calculated over the trailing 6-month period	30.97%	47.05%	-16.08%
Volatility (1Y) Calculated over the trailing 1-year period	37.73%	53.81%	-16.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.51%	53.49%	-25.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.51%	53.49%	-25.98%

FTHF vs. WNTR - Expense Ratio Comparison

FTHF has a 0.75% expense ratio, which is lower than WNTR's 1.01% expense ratio.

Dividends

FTHF vs. WNTR - Dividend Comparison

FTHF's dividend yield for the trailing twelve months is around 3.38%, less than WNTR's 106.86% yield.

Position	TTM	2025	2024	2023
FTHF First Trust Emerging Markets Human Flourishing ETF	3.38%	4.40%	3.34%	0.51%
WNTR YieldMax Short MSTR Option Income Strategy ETF	106.86%	58.56%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FTHF and WNTR in my portfolio?

FTHF and WNTR have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTHF or WNTR?

WNTR has higher volatility (17.89%) compared to FTHF (14.59%). In terms of maximum drawdown, FTHF dropped -17.36% vs WNTR's -42.65%.

Which ETF is better, FTHF or WNTR?

On 1-year performance, WNTR leads with 127.90% vs 74.30% for FTHF. On fees, FTHF is cheaper at 0.75% per year. On volatility, FTHF has been the lower-risk option at 14.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTHF or WNTR?

Over the 1-year period, WNTR has performed better with a 127.90% return vs 74.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTHF or WNTR?

FTHF is cheaper with a 0.75% expense ratio, compared with 1.01% for WNTR.

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

WNTR has the higher dividend yield at 106.86%, compared with 3.38% for FTHF.

What is the main difference between FTHF and WNTR?

FTHF is categorized as Emerging Markets Diversified, while WNTR is Derivative Income. They also come from different issuers: First Trust and YieldMax. Their fees differ too: 0.75% for FTHF and 1.01% for WNTR.

Which has better risk-adjusted returns?

WNTR currently has the higher Sharpe Ratio (2.39 vs 1.98), 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.