GINN vs. WNTR
GINN (Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - GINN is a Technology Equities fund tracking the Solactive Innovative Global Equity Index, while WNTR is a Derivative Income fund actively managed by YieldMax. GINN is passively managed, while WNTR is actively managed. Over the past year, GINN returned 18.27% vs 120.64% for WNTR. At a correlation of -0.54, they often move in opposite directions. GINN charges 0.50%/yr vs 1.01%/yr for WNTR.
Performance
GINN vs. WNTR - Performance Comparison
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Returns By Period
In the year-to-date period, GINN achieves a 7.78% return, which is significantly lower than WNTR's 10.13% return.
GINN
- 1D
- -0.83%
- 1M
- 1.56%
- 6M
- 3.58%
- YTD
- 7.78%
- 1Y
- 18.27%
- 3Y*
- 17.14%
- 5Y*
- 6.15%
- 10Y*
- —
WNTR
- 1D
- 1.92%
- 1M
- 18.08%
- 6M
- 14.43%
- YTD
- 10.13%
- 1Y
- 120.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GINN vs. WNTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF | 7.78% | 21.73% |
WNTR YieldMax Short MSTR Option Income Strategy ETF | 10.13% | 52.78% |
Correlation
The correlation between GINN and WNTR is -0.54, 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 | -0.54 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025 | -0.54 |
The correlation between GINN and WNTR has been stable across timeframes, ranging from -0.54 to -0.54 - a consistent structural relationship.
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Return for Risk
GINN vs. WNTR — Risk / Return Rank
GINN
WNTR
GINN vs. WNTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) 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.
| GINN | WNTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.34 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 2.84 | -1.45 |
| Martin ratioReturn relative to average drawdown | 4.81 | 7.31 | -2.50 |
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Drawdowns
GINN vs. WNTR - Drawdown Comparison
The maximum GINN drawdown since its inception was -41.25%, roughly equal to the maximum WNTR drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for GINN and WNTR.
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Drawdown Indicators
| GINN | WNTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.25% | -42.65% | +1.40% |
Max Drawdown (1Y)Largest decline over 1 year | -13.18% | -42.65% | +29.47% |
Max Drawdown (3Y)Largest decline over 3 years | -22.25% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -41.25% | — | — |
Current DrawdownCurrent decline from peak | -2.41% | -10.15% | +7.74% |
Average DrawdownAverage peak-to-trough decline | -13.18% | -20.53% | +7.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.81% | 16.58% | -12.77% |
Volatility
GINN vs. WNTR - Volatility Comparison
The current volatility for Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) is 4.43%, while YieldMax Short MSTR Option Income Strategy ETF (WNTR) has a volatility of 18.84%. This indicates that GINN 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
| GINN | WNTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 18.84% | -14.41% |
Volatility (6M)Calculated over the trailing 6-month period | 12.97% | 47.46% | -34.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.52% | 53.83% | -37.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.45% | 53.56% | -32.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.01% | 53.56% | -32.55% |
GINN vs. WNTR - Expense Ratio Comparison
GINN has a 0.50% expense ratio, which is lower than WNTR's 1.01% expense ratio.
Dividends
GINN vs. WNTR - Dividend Comparison
GINN's dividend yield for the trailing twelve months is around 1.17%, less than WNTR's 102.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF | 1.17% | 1.26% | 1.26% | 1.01% | 0.69% | 0.67% | 0.07% |
WNTR YieldMax Short MSTR Option Income Strategy ETF | 102.14% | 58.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GINN and WNTR have a correlation of -0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WNTR has higher volatility (18.84%) compared to GINN (4.43%). In terms of maximum drawdown, GINN dropped -41.25% vs WNTR's -42.65%.
On 1-year performance, WNTR leads with 120.64% vs 18.27% for GINN. On fees, GINN is cheaper at 0.50% per year. On volatility, GINN has been the lower-risk option at 4.43%. 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 120.64% return vs 18.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GINN is cheaper with a 0.50% expense ratio, compared with 1.01% for WNTR.
WNTR has the higher dividend yield at 102.14%, compared with 1.17% for GINN.
GINN is categorized as Technology Equities, while WNTR is Derivative Income. They also come from different issuers: Goldman Sachs and YieldMax. Their fees differ too: 0.50% for GINN and 1.01% for WNTR.
WNTR currently has the higher Sharpe Ratio (2.26 vs 1.11), 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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