HYSD vs. WNTR

Last updated Jun 26, 2026

HYSD (Columbia Short Duration High Yield ETF) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - HYSD is a High Yield Bonds fund actively managed by Columbia, while WNTR is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, HYSD returned 5.62% vs 115.98% for WNTR. At a correlation of -0.40, they often move in opposite directions. HYSD charges 0.44%/yr vs 1.01%/yr for WNTR.

Performance

HYSD vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Short Duration High Yield ETF (HYSD) 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, HYSD achieves a 2.08% return, which is significantly lower than WNTR's 17.65% return.

HYSD

• 1D: 0.12%
• 1M: 0.31%
• YTD: 2.08%
• 6M: 2.07%
• 1Y: 5.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

WNTR

• 1D: 6.51%
• 1M: 45.64%
• YTD: 17.65%
• 6M: 21.49%
• 1Y: 115.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HYSD vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
HYSD Columbia Short Duration High Yield ETF	2.08%	6.16%
WNTR YieldMax Short MSTR Option Income Strategy ETF	17.65%	52.78%

Correlation

The correlation between HYSD and WNTR is -0.37, 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	-0.37
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.40

Return for Risk

HYSD vs. WNTR — Risk / Return Rank

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

HYSD

HYSD Risk / Return Rank: 79
HYSD Sharpe Ratio Rank: 70
HYSD Sortino Ratio Rank: 80
HYSD Omega Ratio Rank: 78
HYSD Calmar Ratio Rank: 82
HYSD Martin Ratio Rank: 88

WNTR

WNTR Risk / Return Rank: 63
WNTR Sharpe Ratio Rank: 80
WNTR Sortino Ratio Rank: 60
WNTR Omega Ratio Rank: 64
WNTR Calmar Ratio Rank: 64
WNTR Martin Ratio Rank: 47

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.

HYSD vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Short Duration High Yield ETF (HYSD) 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.

	HYSD	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	2.00	2.20	-0.20
Sortino ratio: Return per unit of downside risk	3.12	2.46	+0.66
Omega ratio: Gain probability vs. loss probability	1.40	1.33	+0.07
Calmar ratio: Return relative to maximum drawdown	3.87	2.73	+1.14
Martin ratio: Return relative to average drawdown	16.72	6.99	+9.73

HYSD vs. WNTR - Sharpe Ratio Comparison

The current HYSD Sharpe Ratio is 2.00, which is comparable to the WNTR Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of HYSD 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

HYSD vs. WNTR - Drawdown Comparison

The maximum HYSD drawdown since its inception was -2.69%, smaller than the maximum WNTR drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for HYSD and WNTR.

Drawdown Indicators

	HYSD	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-2.69%	-42.65%	+39.96%
Max Drawdown (1Y) Largest decline over 1 year	-1.46%	-42.65%	+41.19%
Current Drawdown Current decline from peak	0.00%	-4.02%	+4.02%
Average Drawdown Average peak-to-trough decline	-0.25%	-20.87%	+20.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.34%	16.66%	-16.32%

Volatility

HYSD vs. WNTR - Volatility Comparison

The current volatility for Columbia Short Duration High Yield ETF (HYSD) is 0.77%, while YieldMax Short MSTR Option Income Strategy ETF (WNTR) has a volatility of 18.14%. This indicates that HYSD 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

	HYSD	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.77%	18.14%	-17.37%
Volatility (6M) Calculated over the trailing 6-month period	2.22%	46.41%	-44.19%
Volatility (1Y) Calculated over the trailing 1-year period	2.82%	53.16%	-50.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.49%	53.31%	-49.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.49%	53.31%	-49.82%

HYSD vs. WNTR - Expense Ratio Comparison

HYSD has a 0.44% expense ratio, which is lower than WNTR's 1.01% expense ratio.

Dividends

HYSD vs. WNTR - Dividend Comparison

HYSD's dividend yield for the trailing twelve months is around 5.78%, less than WNTR's 94.34% yield.

Position	TTM	2025	2024
HYSD Columbia Short Duration High Yield ETF	5.78%	5.60%	1.82%
WNTR YieldMax Short MSTR Option Income Strategy ETF	94.34%	58.56%	0.00%

Frequently Asked Questions

Can I hold both HYSD and WNTR in my portfolio?

HYSD and WNTR have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HYSD or WNTR?

WNTR has higher volatility (18.14%) compared to HYSD (0.77%). In terms of maximum drawdown, HYSD dropped -2.69% vs WNTR's -42.65%.

Which ETF is better, HYSD or WNTR?

On 1-year performance, WNTR leads with 115.98% vs 5.62% for HYSD. On fees, HYSD is cheaper at 0.44% per year. On volatility, HYSD has been the lower-risk option at 0.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HYSD or WNTR?

Over the 1-year period, WNTR has performed better with a 115.98% return vs 5.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HYSD or WNTR?

HYSD is cheaper with a 0.44% expense ratio, compared with 1.01% for WNTR.

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

WNTR has the higher dividend yield at 94.34%, compared with 5.78% for HYSD.

What is the main difference between HYSD and WNTR?

HYSD is categorized as High Yield Bonds, while WNTR is Derivative Income. They also come from different issuers: Columbia and YieldMax. Their fees differ too: 0.44% for HYSD and 1.01% for WNTR.

Which has better risk-adjusted returns?

WNTR currently has the higher Sharpe Ratio (2.20 vs 2.00), 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.