GOOW vs. WNTR

Last updated Aug 2, 2026

GOOW (Roundhill GOOGL WeeklyPay™ ETF) and WNTR (YieldMax MSTR Short Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, GOOW returned 103.29% vs 107.38% for WNTR. Their -0.27 correlation means they have often moved in opposite directions in the past. GOOW charges 0.99%/yr vs 1.00%/yr for WNTR.

Performance

GOOW vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill GOOGL WeeklyPay™ ETF (GOOW) and YieldMax MSTR Short 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, GOOW achieves a 13.56% return, which is significantly higher than WNTR's 10.75% return.

GOOW

• 1D: 7.98%
• 1M: -1.82%
• 6M: 3.91%
• YTD: 13.56%
• 1Y: 103.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 92.03%

WNTR

• 1D: 3.26%
• 1M: 8.13%
• 6M: 14.92%
• YTD: 10.75%
• 1Y: 107.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 47.89%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GOOW Roundhill GOOGL WeeklyPay™ ETF	$1.99M	$1.77M	$2.25M
WNTR YieldMax MSTR Short Option Income Strategy ETF	$4.02M	$3.86M	$3.95M

GOOW vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
GOOW Roundhill GOOGL WeeklyPay™ ETF	13.56%	71.16%
WNTR YieldMax MSTR Short Option Income Strategy ETF	10.75%	98.76%

Correlation

The correlation between GOOW and WNTR is -0.28, 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.	-0.28
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	-0.27

Return for Risk

GOOW vs. WNTR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GOOW

GOOW Risk / Return Rank: 90
GOOW Sharpe Ratio Rank: 94
GOOW Sortino Ratio Rank: 92
GOOW Omega Ratio Rank: 90
GOOW Calmar Ratio Rank: 91
GOOW Martin Ratio Rank: 82

WNTR

WNTR Risk / Return Rank: 75
WNTR Sharpe Ratio Rank: 88
WNTR Sortino Ratio Rank: 74
WNTR Omega Ratio Rank: 77
WNTR Calmar Ratio Rank: 77
WNTR Martin Ratio Rank: 58

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GOOW vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill GOOGL WeeklyPay™ ETF (GOOW) 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.

	GOOW	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	2.54	2.12	+0.42
Sortino ratio: Return per unit of downside risk	3.43	2.37	+1.06
Omega ratio: Gain probability vs. loss probability	1.42	1.32	+0.10
Calmar ratio: Return relative to maximum drawdown	3.95	2.71	+1.24
Martin ratio: Return relative to average drawdown	10.85	6.87	+3.99

GOOW vs. WNTR - Sharpe Ratio Comparison

The current GOOW Sharpe Ratio is 2.54, which is comparable to the WNTR Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of GOOW 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

GOOW vs. WNTR - Drawdown Comparison

The maximum GOOW drawdown since its inception was -25.44%, smaller than the maximum WNTR drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for GOOW and WNTR.

Drawdown Indicators

	GOOW	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-25.44%	-42.65%	+17.21%
Max Drawdown (1Y) Largest decline over 1 year	-25.44%	-42.65%	+17.21%
Current Drawdown Current decline from peak	-14.60%	-9.64%	-4.96%
Average Drawdown Average peak-to-trough decline	-6.41%	-20.18%	+13.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.24%	16.81%	-7.57%

Volatility

GOOW vs. WNTR - Volatility Comparison

Roundhill GOOGL WeeklyPay™ ETF (GOOW) and YieldMax MSTR Short Option Income Strategy ETF (WNTR) have volatilities of 15.50% and 14.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOOW	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.50%	14.85%	+0.65%
Volatility (6M) Calculated over the trailing 6-month period	30.46%	47.43%	-16.97%
Volatility (1Y) Calculated over the trailing 1-year period	39.64%	54.68%	-15.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.39%	53.42%	-14.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.39%	53.42%	-14.03%

GOOW vs. WNTR - Expense Ratio Comparison

GOOW has a 0.99% expense ratio, which is lower than WNTR's 1.00% expense ratio.

Dividends

GOOW vs. WNTR - Dividend Comparison

GOOW's dividend yield for the trailing twelve months is around 42.80%, less than WNTR's 107.02% yield.

Position	TTM	2025
GOOW Roundhill GOOGL WeeklyPay™ ETF	42.80%	19.77%
WNTR YieldMax MSTR Short Option Income Strategy ETF	107.02%	58.56%

Frequently Asked Questions

Can I hold both GOOW and WNTR in my portfolio?

GOOW and WNTR have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GOOW or WNTR?

GOOW has higher volatility (15.50%) compared to WNTR (14.85%). In terms of maximum drawdown, GOOW dropped -25.44% vs WNTR's -42.65%.

Which ETF is better, GOOW or WNTR?

On 1-year performance, WNTR leads with 107.38% vs 103.29% for GOOW. On fees, GOOW is cheaper at 0.99% per year. On volatility, WNTR has been the lower-risk option at 14.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GOOW or WNTR?

Over the 1-year period, WNTR has performed better with a 107.38% return vs 103.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GOOW or WNTR?

GOOW is cheaper with a 0.99% expense ratio, compared with 1.00% for WNTR.

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

WNTR has the higher dividend yield at 107.02%, compared with 42.80% for GOOW.

What is the main difference between GOOW and WNTR?

They also come from different issuers: Roundhill and YieldMax. Their fees differ too: 0.99% for GOOW and 1.00% for WNTR.

Which has better risk-adjusted returns?

GOOW currently has the higher Sharpe Ratio (2.54 vs 2.12), 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.