GUSA vs. WNTR

Last updated Jun 25, 2026

GUSA (Goldman Sachs MarketBeta U.S. 1000 Equity ETF) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - GUSA is a Large Cap Blend Equities fund tracking the Solactive GBS United States 1000 Index - Benchmark TR Gross, while WNTR is a Derivative Income fund actively managed by YieldMax. GUSA is passively managed, while WNTR is actively managed. Over the past year, GUSA returned 21.42% vs 97.02% for WNTR. At a correlation of -0.50, they often move in opposite directions. GUSA charges 0.11%/yr vs 1.01%/yr for WNTR.

Performance

GUSA vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA) 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, GUSA achieves a 7.78% return, which is significantly lower than WNTR's 10.46% return.

GUSA

• 1D: -0.54%
• 1M: -1.32%
• YTD: 7.78%
• 6M: 6.46%
• 1Y: 21.42%
• 3Y*: 20.49%
• 5Y*: —
• 10Y*: —

WNTR

• 1D: 6.01%
• 1M: 37.47%
• YTD: 10.46%
• 6M: 14.06%
• 1Y: 97.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GUSA vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF	7.78%	20.74%
WNTR YieldMax Short MSTR Option Income Strategy ETF	10.46%	52.78%

Correlation

The correlation between GUSA and WNTR is -0.47, 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	-0.47
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.50

Return for Risk

GUSA vs. WNTR — Risk / Return Rank

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

GUSA

GUSA Risk / Return Rank: 57
GUSA Sharpe Ratio Rank: 57
GUSA Sortino Ratio Rank: 55
GUSA Omega Ratio Rank: 55
GUSA Calmar Ratio Rank: 55
GUSA Martin Ratio Rank: 66

WNTR

WNTR Risk / Return Rank: 51
WNTR Sharpe Ratio Rank: 63
WNTR Sortino Ratio Rank: 49
WNTR Omega Ratio Rank: 52
WNTR Calmar Ratio Rank: 51
WNTR Martin Ratio Rank: 40

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.

GUSA vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA) 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.

	GUSA	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	1.69	1.85	-0.16
Sortino ratio: Return per unit of downside risk	2.33	2.20	+0.13
Omega ratio: Gain probability vs. loss probability	1.30	1.30	+0.01
Calmar ratio: Return relative to maximum drawdown	2.39	2.29	+0.10
Martin ratio: Return relative to average drawdown	10.55	5.85	+4.71

GUSA vs. WNTR - Sharpe Ratio Comparison

The current GUSA Sharpe Ratio is 1.69, which is comparable to the WNTR Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of GUSA 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

GUSA vs. WNTR - Drawdown Comparison

The maximum GUSA drawdown since its inception was -19.61%, smaller than the maximum WNTR drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for GUSA and WNTR.

Drawdown Indicators

	GUSA	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-19.61%	-42.65%	+23.04%
Max Drawdown (1Y) Largest decline over 1 year	-9.01%	-42.65%	+33.64%
Max Drawdown (3Y) Largest decline over 3 years	-19.61%	—	—
Current Drawdown Current decline from peak	-3.37%	-9.88%	+6.51%
Average Drawdown Average peak-to-trough decline	-4.35%	-20.93%	+16.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	16.70%	-14.67%

Volatility

GUSA vs. WNTR - Volatility Comparison

The current volatility for Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA) is 4.78%, while YieldMax Short MSTR Option Income Strategy ETF (WNTR) has a volatility of 17.54%. This indicates that GUSA 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

	GUSA	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.78%	17.54%	-12.76%
Volatility (6M) Calculated over the trailing 6-month period	10.08%	45.99%	-35.91%
Volatility (1Y) Calculated over the trailing 1-year period	12.80%	52.83%	-40.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.29%	53.10%	-35.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.29%	53.10%	-35.81%

GUSA vs. WNTR - Expense Ratio Comparison

GUSA has a 0.11% expense ratio, which is lower than WNTR's 1.01% expense ratio.

Dividends

GUSA vs. WNTR - Dividend Comparison

GUSA's dividend yield for the trailing twelve months is around 0.75%, less than WNTR's 96.66% yield.

Position	TTM	2025	2024	2023	2022
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF	0.75%	0.99%	1.16%	1.36%	1.00%
WNTR YieldMax Short MSTR Option Income Strategy ETF	96.66%	58.56%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GUSA and WNTR in my portfolio?

GUSA and WNTR have a correlation of -0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GUSA or WNTR?

WNTR has higher volatility (17.54%) compared to GUSA (4.78%). In terms of maximum drawdown, GUSA dropped -19.61% vs WNTR's -42.65%.

Which ETF is better, GUSA or WNTR?

On 1-year performance, WNTR leads with 97.02% vs 21.42% for GUSA. On fees, GUSA is cheaper at 0.11% per year. On volatility, GUSA has been the lower-risk option at 4.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GUSA or WNTR?

Over the 1-year period, WNTR has performed better with a 97.02% return vs 21.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GUSA or WNTR?

GUSA is cheaper with a 0.11% expense ratio, compared with 1.01% for WNTR.

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

WNTR has the higher dividend yield at 96.66%, compared with 0.75% for GUSA.

What is the main difference between GUSA and WNTR?

GUSA is categorized as Large Cap Blend Equities, while WNTR is Derivative Income. They also come from different issuers: Goldman Sachs and YieldMax. Their fees differ too: 0.11% for GUSA and 1.01% for WNTR.

Which has better risk-adjusted returns?

WNTR currently has the higher Sharpe Ratio (1.85 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.