IALT vs. WNTR
IALT (iShares Systematic Alternatives Active ETF) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - IALT is a Multistrategy fund actively managed by iShares, while WNTR is a Derivative Income fund actively managed by YieldMax. Both are actively managed. At a correlation of -0.25, they often move in opposite directions. IALT charges 0.99%/yr vs 1.01%/yr for WNTR.
Performance
IALT vs. WNTR - Performance Comparison
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Returns By Period
In the year-to-date period, IALT achieves a 12.72% return, which is significantly higher than WNTR's 9.49% return.
IALT
- 1D
- -0.19%
- 1M
- 0.55%
- 6M
- 10.17%
- YTD
- 12.72%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WNTR
- 1D
- 2.96%
- 1M
- 17.94%
- 6M
- 21.62%
- YTD
- 9.49%
- 1Y
- 127.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IALT vs. WNTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IALT iShares Systematic Alternatives Active ETF | 12.72% | 0.83% |
WNTR YieldMax Short MSTR Option Income Strategy ETF | 9.49% | 18.59% |
Correlation
The correlation between IALT and WNTR is -0.25, 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 (All Time) Calculated using the full available price history since Dec 10, 2025 | -0.25 |
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Return for Risk
IALT vs. WNTR — Risk / Return Rank
IALT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
WNTR
IALT vs. WNTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Systematic Alternatives Active ETF (IALT) 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.
| IALT | WNTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.02 | — |
| Martin ratioReturn relative to average drawdown | — | 7.72 | — |
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Drawdowns
IALT vs. WNTR - Drawdown Comparison
The maximum IALT drawdown since its inception was -2.27%, smaller than the maximum WNTR drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for IALT and WNTR.
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Drawdown Indicators
| IALT | WNTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.27% | -42.65% | +40.38% |
Max Drawdown (1Y)Largest decline over 1 year | — | -42.65% | — |
Current DrawdownCurrent decline from peak | -0.44% | -10.67% | +10.23% |
Average DrawdownAverage peak-to-trough decline | -0.48% | -20.46% | +19.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 16.63% | — |
Volatility
IALT vs. WNTR - Volatility Comparison
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Volatility by Period
| IALT | WNTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 17.89% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 47.05% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.75% | 53.81% | -46.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.75% | 53.49% | -45.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.75% | 53.49% | -45.74% |
IALT vs. WNTR - Expense Ratio Comparison
IALT has a 0.99% expense ratio, which is lower than WNTR's 1.01% expense ratio.
Dividends
IALT vs. WNTR - Dividend Comparison
IALT's dividend yield for the trailing twelve months is around 0.40%, less than WNTR's 106.86% yield.
| Position | TTM | 2025 |
|---|---|---|
IALT iShares Systematic Alternatives Active ETF | 0.40% | 0.14% |
WNTR YieldMax Short MSTR Option Income Strategy ETF | 106.86% | 58.56% |
Frequently Asked Questions
IALT and WNTR have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IALT is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IALT is cheaper with a 0.99% expense ratio, compared with 1.01% for WNTR.
WNTR has the higher dividend yield at 106.86%, compared with 0.40% for IALT.
IALT is categorized as Multistrategy, while WNTR is Derivative Income. They also come from different issuers: iShares and YieldMax. Their fees differ too: 0.99% for IALT and 1.01% for WNTR.
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